Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
Far East Company and Sekisui House were awarded the place in November 2022 when they sent the top deal of $320.78 million for the government land sale (GLS) site. Despite the fact that the property developers have not openly discussed the expected asking price of Hillhaven, EdgeProp Singapore estimates that the property will certainly have a breakeven price of $2,035 psf.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the initial 2 brand-new projects to preview this year. Thus, the strong turn-out of possible buyers sends a strong sign to the market that town buyers are eager to start the brand-new release market this year.
Replying to media questions from EdgeProp Singapore, a KSH Holdings spokesperson states that the property developers are ‘delighted’ seeing the solid response from purchasers to their business, adding in that the sales group were actually surprised by the solid response and added discussion tables to fit the crowd have been set up throughout the showflat.
The weekend also saw the preview of Hillhaven, a 99-year leasehold development that is mutually developed by Singapore real estate giant Far East Company and Japanese company Sekisui House. The 341-unit development stands at Hillview Rise in District 23.
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.
More than 3,000 guests flock the showflat of The Arcady at Boon Keng over its introduction preview on Jan 6 and 7 despite the wet climate over the weekend break. Another brand-new project, Hillhaven located at Hillview Rise, viewed about 2,000 people visit its showflat this saturday and sunday.
The brand-new property makes up a blend of one-bedroom plus study units to four-bedroom plus study units, varying 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 builders claim that costs will most likely start from $2,500 psf.
The Arcady at Boon Keng is a freehold project based on Serangoon Road in District 12. The 172-unit condominium is a redevelopment of the former Euro-Asia Flats that was bought enbloc for $222.18 million in 2022 by a consortium guided by local real estate builder KSH Holdings. More joint project associates consist of SLB Development and H10 Holdings.
The public sneak peek will proceed up until Thursday Jan 18 and the public booking of units are going to start on Saturday Jan 20.