Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
Hillhaven consists of a mix of two- to four-bedroom unit kinds 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.
Far East Organization and Sekisui House were granted the area in November 2022 when they sent the top offer of $320.78 million for the government land sale (GLS) site. Although the builders have not freely discussed the expected market price of Hillhaven, EdgeProp Singapore predicts that the property will certainly have a breakeven price of $2,035 psf.
The new property consists of a mix of one-bedroom plus study units to four-bedroom plus study units, varying 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 builders claim that prices will most likely begin with $2,500 psf.
The Arcady at Boon Keng is a freehold property development situated on Serangoon Roadway in District 12. The 172-unit condo is a redevelopment of the prior Euro-Asia Apartments that was acquired enbloc for $222.18 million in 2022 by a consortium led by local real estate developer KSH Holdings. Other mutual project associates consist of SLB Development and H10 Holdings.
Beyond 3,000 visitors thronged the showflat of The Arcady at Boon Keng over its launching preview on Jan 6 and 7 despite the wet climate over the weekend. Another brand-new venture, Hillhaven positioned at Hillview Rise, saw about 2,000 people come by its showflat this weekend.
Consumers sneak peek will proceed up until Thursday Jan 18 and the public booking of units are going to begin on Saturday Jan 20.
The preview of The Arcady at Boon Keng and Hillhaven are the first two new properties to view this year. Therefore, the solid turn-out of potential buyers sends out a solid signal to the marketplace that community buyers are keen to start the new start market this year.
The weekend also observed the preview of Hillhaven, a 99-year leasehold development that is collectively established by Singapore property giant Far East Company and Japanese company Sekisui House. The 341-unit property development stands at Hillview Rise in Area 23.
Responding to media inquiries from EdgeProp Singapore, a KSH Holdings speaker claims that the property developers are ‘delighted’ seeing the strong response from purchasers to their project, including that the sales team were caught off-guard by the solid reaction and added dialogue tables to suit the crowd have been released through the showflat.