Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The preview of The Arcady at Boon Keng and Hillhaven are the first 2 brand-new projects to preview this year. Hence, the good turn-out of prospective buyers sends a strong sign to the marketplace that local buyers are eager to kickstart the brand-new launch market this year.
Far East Organization and Sekisui House were awarded the place in November 2022 when they sent the leading deal of $320.78 million for the government land sale (GLS) site. Despite the fact that the developers have not freely discussed the anticipated market price of Hillhaven, EdgeProp Singapore approximates that the property will have a breakeven cost of $2,035 psf.
Consumers preview is going to continue until Thursday Jan 18 and the open booking of units will commence on Saturday Jan 20.
Hillhaven makes up a mix of 2- to four-bedroom unit types varying from 678 sq ft to 1,636 sq ft. The project has actually been open for preview ever since Saturday Jan 6 and over 2,000 guests have actually been to the showflat over the Jan 6 and 7 weekend.
More than 3,000 guests flock the showflat of The Arcady at Boon Keng on its introduction viewing on Jan 6 and 7 regardless of the wet weather over the weekend. Another new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 consumers visit its showflat this saturday and sunday.
Answering to media questions from EdgeProp Singapore, a KSH Holdings speaker claims that the property developers are ‘excited’ experiencing the strong response from customers to their project, including that the sales group were actually surprised by the solid action and extra dialogue tables to accommodate the crowd have been released all over the showflat.
The brand-new property comprises a blend of one-bedroom plus study units to four-bedroom as well as study units, extending from 527 sq ft to 1,625 units. There are also 2 penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers claim that rates will most likely begin with $2,500 psf.
The Arcady at Boon Keng is a freehold property development located on Serangoon Roadway in Area 12. The 172-unit condominium is a redevelopment of the former Euro-Asia Flats which was acquired enbloc for $222.18 million in 2022 by a consortium led by community property developer KSH Holdings. Other shared project partners consist of SLB Development and H10 Holdings.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold property development that is jointly developed by Singapore real property giant Far East Company and Japanese business Sekisui House. The 341-unit development lies at Hillview Rise in District 23.