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 on its opening viewing on Jan 6 and 7 in spite of the wet weather over the weekend break. Another brand-new project, Hillhaven positioned at Hillview Rise, viewed about 2,000 clients come by its showflat this saturday and sunday.
The new plan consists of a mix up of one-bedroom plus study units to four-bedroom as well as study units, varying from 527 sq ft to 1,625 units. There are also two penthouse sections of 2,433 sq ft and 2,583 sq ft. The builders state that prices will begin with $2,500 psf.
The Arcady at Boon Keng is a freehold development situated on Serangoon Roadway in District 12. The 172-unit condo is a redevelopment of the prior Euro-Asia Flats that was acquired enbloc for $222.18 million in 2022 by a consortium led by local real estate builder KSH Holdings. Different joint project associates consist of SLB Development and H10 Holdings.
Hillhaven comprises a mix of 2- to four-bedroom unit kinds varying from 678 sq ft to 1,636 sq ft. The project has actually been open for preview ever since Saturday Jan 6 and over 2,000 visitors have been to the showflat over the Jan 6 and 7 weekend break.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold property development that is collectively developed by Singapore 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 area in November 2022 when they provided the leading deal of $320.78 million for the government land sale (GLS) site. Despite the fact that the builders have actually not openly discussed the expected selling price of Hillhaven, EdgeProp Singapore approximates that the project will certainly have a breakeven cost of $2,035 psf.
The public preview will proceed until Thursday Jan 18 and the open booking of units will commence on Saturday Jan 20.
Replying to media questions from EdgeProp Singapore, a KSH Holdings speaker says that the builders are ‘excited’ experiencing the strong response from buyers to their project, adding that the sales group were actually surprised by the solid reaction and added discussion tables to fit the group have been deployed all over the showflat.
The preview of The Arcady at Boon Keng and Hillhaven are the initial 2 new ventures to view this year. Thus, the good turn-out of potential purchasers sends a solid sign to the market that town buyers are eager to start the brand-new launch market this year.