Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
Far East Organization and Sekisui House were granted the place in November 2022 when they provided the top offer of $320.78 million for the government land sale (GLS) site. Although the property developers have not freely discussed the expected market price of Hillhaven, EdgeProp Singapore predicts that the proposal will certainly have a breakeven price of $2,035 psf.
At least 3,000 site visitors thronged the showflat of The Arcady at Boon Keng on its launching preview on Jan 6 and 7 regardless of the wet weather condition over the weekend. Another brand-new project, Hillhaven located at Hillview Rise, viewed about 2,000 clients drop by its showflat this weekend.
The Arcady at Boon Keng is a freehold project located on Serangoon Road in District 12. The 172-unit condominium is a redevelopment of the previous Euro-Asia Flats that was bought enbloc for $222.18 million in 2022 by a consortium guided by local real property builder KSH Holdings. More joint venture associates consist of SLB Development and H10 Holdings.
People sneak peek will continue till Thursday Jan 18 and the public booking of units are going to commence on Saturday Jan 20.
The preview of The Arcady at Boon Keng and Hillhaven are the initial two new properties to preview this year. Therefore, the solid turn-out of prospective buyers sends out a strong sign to the market that town customers are eager to kickstart the brand-new release market this year.
The new plan makes up a mix of one-bedroom and also study units to four-bedroom as well as study units, varying from 527 sq ft to 1,625 units. There are additionally 2 penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers claim that costs are going to start from $2,500 psf.
Answering to media questions from EdgeProp Singapore, a KSH Holdings representative states that the property developers are ‘thrilled’ finding the solid feedback from customers to their project, adding in that the sales group were actually caught off-guard by the solid response and added discussion tables to suit the crowd have been set up through the showflat.
Hillhaven comprises a mix of two- to four-bedroom unit types varying from 678 sq ft to 1,636 sq ft. The project has 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 break.
The weekend also observed the preview of Hillhaven, a 99-year leasehold development that is jointly built by Singapore property giant Far East Organization and Japanese firm Sekisui House. The 341-unit development lies at Hillview Rise in District 23.