Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
At least 3,000 visitors thronged the showflat of The Arcady at Boon Keng on its launching viewing on Jan 6 and 7 regardless of the wet weather condition over the weekend break. Another new venture, Hillhaven located at Hillview Rise, saw about 2,000 clients drop by its showflat this saturday and sunday.
The weekend also observed the preview of Hillhaven, a 99-year leasehold property development that is mutually developed by Singapore real estate giant Far East Company and Japanese business Sekisui House. The 341-unit development lies at Hillview Rise in District 23.
The preview of The Arcady at Boon Keng and Hillhaven are the very first two brand-new ventures to view this year. Hence, the solid turn-out of potential purchasers sends a strong sign to the marketplace that local customers are keen to kickstart the new launch market this year.
The brand-new project comprises a mix up of one-bedroom plus study units to four-bedroom as well as study units, extending from 527 sq ft to 1,625 units. There are likewise two penthouse sections of 2,433 sq ft and 2,583 sq ft. The developers claim that rates will begin with $2,500 psf.
Answering to media questions from EdgeProp Singapore, a KSH Holdings agent states that the builders are ‘excited’ seeing the solid feedback from customers to their project, adding that the sales team were actually surprised by the strong response and extra conversation tables to fit the crowd have been deployed through the showflat.
Hillhaven comprises 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.
Far East Company and Sekisui House were granted the area in November 2022 when they provided the leading offer of $320.78 million for the government land sale (GLS) site. Despite the fact that the builders have actually not publicly shared the anticipated selling price of Hillhaven, EdgeProp Singapore estimates that the project will certainly have a breakeven rate of $2,035 psf.
Consumers sneak peek is going to proceed up until Thursday Jan 18 and the common booking of units are going to commence on Saturday Jan 20.
The Arcady at Boon Keng is a freehold property development based on Serangoon Road in District 12. The 172-unit condominium is a redevelopment of the prior Euro-Asia Flats that was bought enbloc for $222.18 million in 2022 by a consortium guided by local property builder KSH Holdings. Different mutual business partners consist of SLB Development and H10 Holdings.