Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
Hillhaven makes up a mix of two- to four-bedroom unit types varying from 678 sq ft to 1,636 sq ft. The project has actually been open for preview since Saturday Jan 6 and over 2,000 guests have actually been to the showflat over the Jan 6 and 7 weekend.
Replying to media questions from EdgeProp Singapore, a KSH Holdings representative claims that the developers are ‘thrilled’ experiencing the solid response from purchasers to their business, adding in that the sales team were actually caught off-guard by the solid feedback and extra conversation tables to accommodate the crowd have been released throughout the showflat.
Beyond 3,000 site visitors thronged the showflat of The Arcady at Boon Keng on its launching sneak peek on Jan 6 and 7 despite the wet climate over the weekend. Another brand-new venture, Hillhaven situated at Hillview Rise, observed about 2,000 consumers visit its showflat this weekend.
The Arcady at Boon Keng is a freehold development located on Serangoon Roadway in District 12. The 172-unit residence is a redevelopment of the prior Euro-Asia Flats that was acquired enbloc for $222.18 million in 2022 by a consortium guided by local real estate developer KSH Holdings. Different mutual business partners consist of SLB Development and H10 Holdings.
The brand-new property makes up a blend of one-bedroom plus study units to four-bedroom plus study units, ranging from 527 sq ft to 1,625 units. There are also 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The builders say that rates will start from $2,500 psf.
The public preview is going to continue till Thursday Jan 18 and the public booking of units will start on Saturday Jan 20.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold property development that is collectively established by Singapore property giant Far East Organization and Japanese company Sekisui House. The 341-unit development lies at Hillview Rise in District 23.
Far East Company and Sekisui House were awarded the area in November 2022 when they sent the leading offer of $320.78 million for the government land sale (GLS) site. Even though the builders have not publicly shared the anticipated market price of Hillhaven, EdgeProp Singapore approximates that the proposal will have a breakeven cost of $2,035 psf.
The preview of The Arcady at Boon Keng and Hillhaven are the initial two brand-new ventures to preview this year. Hence, the strong turn-out of possible buyers sends a solid indicator to the market that local buyers are eager to start the new start market this year.