Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The weekend also viewed the preview of Hillhaven, a 99-year leasehold development that is jointly developed by Singapore real property giant Far East Organization and Japanese company Sekisui House. The 341-unit project stands at Hillview Rise in District 23.
At least 3,000 site visitors thronged the showflat of The Arcady at Boon Keng on its opening preview on Jan 6 and 7 despite the wet weather condition over the weekend. Another brand-new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 people visit its showflat this saturday and sunday.
Hillhaven consists of 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.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the first 2 brand-new ventures to preview this year. Therefore, the good turn-out of possible purchasers sends a strong signal to the marketplace that local customers are keen to start the new launch market this year.
The Arcady at Boon Keng is a freehold development situated on Serangoon Roadway in Area 12. The 172-unit residence is a redevelopment of the prior Euro-Asia Flats that was purchased enbloc for $222.18 million in 2022 by a consortium led by local real property developer KSH Holdings. More shared business partners consist of SLB Development and H10 Holdings.
Far East Organization and Sekisui House were awarded the place in November 2022 when they submitted the leading offer of $320.78 million for the government land sale (GLS) site. Even though the property developers have not freely discussed the anticipated market price of Hillhaven, EdgeProp Singapore estimates that the proposal will certainly have a breakeven price of $2,035 psf.
The new property comprises a blend of one-bedroom and also study units to four-bedroom as well as study units, ranging from 527 sq ft to 1,625 units. There are additionally two penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers claim that prices will begin with $2,500 psf.
Responding to media inquiries from EdgeProp Singapore, a KSH Holdings speaker says that the builders are ‘thrilled’ experiencing the solid feedback from customers to their venture, adding in that the sales group were actually caught off-guard by the solid reaction and extra discussion tables to fit the crowd have been released throughout the showflat.
People preview is going to continue until Thursday Jan 18 and the common reservation of units are going to begin on Saturday Jan 20.