Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
The weekend also saw the preview of Hillhaven, a 99-year leasehold property development that is jointly built by Singapore real estate giant Far East Organization and Japanese firm Sekisui House. The 341-unit property development stands at Hillview Rise in Area 23.
Replying to media questions from EdgeProp Singapore, a KSH Holdings speaker states that the property developers are ‘thrilled’ experiencing the strong reaction from purchasers to their business, adding in that the sales team were caught off-guard by the strong action and added conversation tables to suit the group have been deployed through the showflat.
The preview of The Arcady at Boon Keng and Hillhaven are the very first two new ventures to view this year. Therefore, the solid turn-out of possible customers sends a strong indicator to the market that town buyers are eager to start the brand-new launch market this year.
Hillhaven makes up a mix of two- 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 viewers have been to the showflat over the Jan 6 and 7 weekend.
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 previous Euro-Asia Flats which was bought enbloc for $222.18 million in 2022 by a consortium guided by community property developer KSH Holdings. More shared venture associates consist of SLB Development and H10 Holdings.
Far East Company and Sekisui House were granted the area in November 2022 when they provided the top deal of $320.78 million for the government land sale (GLS) site. Even though the builders have not openly discussed the anticipated asking price of Hillhaven, EdgeProp Singapore predicts that the project will certainly have a breakeven price of $2,035 psf.
Beyond 3,000 visitors thronged the showflat of The Arcady at Boon Keng over its introduction sneak peek on Jan 6 and 7 in spite of the wet weather over the weekend break. Another new venture, Hillhaven located at Hillview Rise, saw about 2,000 consumers drop by its showflat this saturday and sunday.
The public sneak peek will continue till Thursday Jan 18 and the public booking of units are going to start on Saturday Jan 20.
The new plan makes up 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 additionally 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The developers say that prices are going to begin with $2,500 psf.