Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
More than 3,000 visitors thronged the showflat of The Arcady at Boon Keng on its introduction sneak peek on Jan 6 and 7 despite the wet weather over the weekend. Another brand-new project, Hillhaven situated at Hillview Rise, observed about 2,000 people come by its showflat this saturday and sunday.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the very first two new ventures to view this year. Hence, the good turn-out of potential customers sends a solid signal to the marketplace that local buyers are keen to kickstart the brand-new start market this year.
Far East Company and Sekisui House were granted the site in November 2022 when they sent the leading offer of $320.78 million for the government land sale (GLS) site. Even though the developers have not openly discussed the assumed market price of Hillhaven, EdgeProp Singapore estimates that the property will certainly have a breakeven rate of $2,035 psf.
The Arcady at Boon Keng is a freehold property development based on Serangoon Road in District 12. The 172-unit condo is a redevelopment of the former Euro-Asia Apartments that was purchased enbloc for $222.18 million in 2022 by a consortium guided by local property developer KSH Holdings. Different mutual project associates include SLB Development and H10 Holdings.
People preview is going to proceed until Thursday Jan 18 and the open booking of units will commence on Saturday Jan 20.
Hillhaven comprises a mix of 2- to four-bedroom unit kinds varying from 678 sq ft to 1,636 sq ft. The project has been open for preview since Saturday Jan 6 and over 2,000 viewers have been to the showflat over the Jan 6 and 7 weekend break.
The weekend also saw the preview of Hillhaven, a 99-year leasehold property development that is jointly built by Singapore property giant Far East Company and Japanese firm Sekisui House. The 341-unit property is located at Hillview Rise in Area 23.
The brand-new project consists of a blend of one-bedroom and also study units to four-bedroom plus study units, varying from 527 sq ft to 1,625 units. There are additionally two penthouse units of 2,433 sq ft and 2,583 sq ft. The developers say that costs will start from $2,500 psf.
Replying to media inquiries from EdgeProp Singapore, a KSH Holdings speaker claims that the builders are ‘delighted’ finding the strong response from customers to their project, adding in that the sales group were surprised by the solid response and added dialogue tables to suit the group have been released throughout the showflat.