Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The brand-new property comprises a blend of one-bedroom and also study units to four-bedroom plus study units, extending from 527 sq ft to 1,625 units. There are likewise two penthouse units of 2,433 sq ft and 2,583 sq ft. The developers state that rates will start from $2,500 psf.
Responding to media questions from EdgeProp Singapore, a KSH Holdings agent claims that the developers are ‘delighted’ finding the strong feedback from purchasers to their venture, including that the sales group were actually surprised by the strong reaction and extra conversation tables to accommodate the group have been deployed throughout the showflat.
Hillhaven consists of a mix of 2- 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 viewers have been to the showflat over the Jan 6 and 7 weekend break.
Far East Company and Sekisui House were awarded the site in November 2022 when they sent the top offer of $320.78 million for the government land sale (GLS) site. Even though the property developers have actually not openly shared the anticipated market price of Hillhaven, EdgeProp Singapore estimates that the property will certainly have a breakeven cost of $2,035 psf.
At least 3,000 visitors thronged the showflat of The Arcady at Boon Keng on its launching preview on Jan 6 and 7 despite the wet weather condition over the weekend break. Another brand-new project, Hillhaven situated at Hillview Rise, observed about 2,000 consumers drop by its showflat this saturday and sunday.
The Arcady at Boon Keng is a freehold property development situated on Serangoon Road in Area 12. The 172-unit condo is a redevelopment of the prior Euro-Asia Flats that was purchased enbloc for $222.18 million in 2022 by a consortium led by local property developer KSH Holdings. More mutual business associates consist of SLB Development and H10 Holdings.
The weekend also observed the preview of Hillhaven, a 99-year leasehold development that is mutually built by Singapore property giant Far East Company and Japanese business Sekisui House. The 341-unit project stands at Hillview Rise in Area 23.
The public preview will continue up until Thursday Jan 18 and the open reservation of units will commence on Saturday Jan 20.
The preview of The Arcady at Boon Keng and Hillhaven are the first 2 brand-new projects to preview this year. Hence, the good turn-out of potential buyers sends out a strong indicator to the marketplace that community buyers are eager to kickstart the new release market this year.
