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 guests thronged the showflat of The Arcady at Boon Keng over its introduction sneak peek on Jan 6 and 7 regardless of the wet weather condition over the weekend. Another brand-new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 clients drop by its showflat this saturday and sunday.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold property development that is mutually built by Singapore real property giant Far East Organization and Japanese company Sekisui House. The 341-unit property development stands at Hillview Rise in Area 23.
Far East Company and Sekisui House were awarded the site in November 2022 when they submitted the top offer of $320.78 million for the government land sale (GLS) site. Although the property developers have actually not freely shared the expected asking price of Hillhaven, EdgeProp Singapore predicts that the proposal will have a breakeven price of $2,035 psf.
People sneak peek will carry on until Thursday Jan 18 and the public reservation of units are going to begin on Saturday Jan 20.
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The new plan comprises a mix up of one-bedroom plus study units to four-bedroom plus study units, varying from 527 sq ft to 1,625 units. There are likewise 2 penthouse sections of 2,433 sq ft and 2,583 sq ft. The builders say that rates will most likely begin with $2,500 psf.
The Arcady at Boon Keng is a freehold property development based on Serangoon Roadway in District 12. The 172-unit condo is a redevelopment of the prior Euro-Asia Condos which was purchased enbloc for $222.18 million in 2022 by a consortium guided by local real estate developer KSH Holdings. Different shared business associates include SLB Development and H10 Holdings.
The preview of The Arcady at Boon Keng and Hillhaven are the first 2 new projects to preview this year. Hence, the solid turn-out of prospective purchasers sends out a strong signal to the market that town purchasers are eager to start the brand-new start market this year.
Answering to media questions from EdgeProp Singapore, a KSH Holdings agent claims that the builders are ‘thrilled’ experiencing the strong action from buyers to their project, adding in that the sales group were surprised by the solid action and added conversation tables to accommodate the group have been released through the showflat.
Hillhaven makes up a mix of two- to four-bedroom unit types ranging from 678 sq ft to 1,636 sq ft. The project has actually been open for preview since Saturday Jan 6 and over 2,000 guests have been to the showflat over the Jan 6 and 7 weekend.
