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 observed the preview of Hillhaven, a 99-year leasehold development that is mutually established by Singapore real estate giant Far East Organization and Japanese company Sekisui House. The 341-unit property development stands at Hillview Rise in Area 23.
The preview of The Arcady at Boon Keng and Hillhaven are the initial two new properties to preview this year. Thus, the good turn-out of potential customers sends out a strong sign to the marketplace that community buyers are keen to kickstart the fresh release market this year.
The new project consists of 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 likewise 2 penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers state that rates will most likely begin with $2,500 psf.
The public sneak peek will proceed until Thursday Jan 18 and the public booking of units are going to start on Saturday Jan 20.
The Arcady at Boon Keng is a freehold property development based on Serangoon Roadway in Area 12. The 172-unit residence is a redevelopment of the prior Euro-Asia Apartments that was bought enbloc for $222.18 million in 2022 by a consortium guided by local property builder KSH Holdings. Different joint project partners include SLB Development and H10 Holdings.
At least 3,000 guests flock the showflat of The Arcady at Boon Keng over its launching preview on Jan 6 and 7 despite the wet climate over the weekend break. Another new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 people come by its showflat this weekend.
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 been open for preview since Saturday Jan 6 and over 2,000 visitors have been to the showflat over the Jan 6 and 7 weekend break.
Far East Organization and Sekisui House were awarded the place in November 2022 when they provided the leading offer of $320.78 million for the government land sale (GLS) site. Even though the builders have not openly shared the expected selling price of Hillhaven, EdgeProp Singapore approximates that the project will have a breakeven cost of $2,035 psf.
Answering to media queries from EdgeProp Singapore, a KSH Holdings representative states that the developers are ‘excited’ seeing the strong reaction from buyers to their venture, adding that the sales team were caught off-guard by the strong response and extra discussion tables to accommodate the crowd have been released all over the showflat.