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 2- to four-bedroom unit types ranging 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 viewers have been to the showflat over the Jan 6 and 7 weekend break.
Beyond 3,000 guests flock the showflat of The Arcady at Boon Keng on its launching preview on Jan 6 and 7 regardless of the wet weather over the weekend break. Another brand-new project, Hillhaven situated at Hillview Rise, observed about 2,000 clients come by its showflat this weekend.
The public preview is going to carry on up until Thursday Jan 18 and the open booking of units will begin on Saturday Jan 20.
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. Despite the fact that the property developers have not openly discussed the expected selling price of Hillhaven, EdgeProp Singapore estimates that the project will certainly have a breakeven cost of $2,035 psf.
The Arcady at Boon Keng is a freehold development located on Serangoon Road in Area 12. The 172-unit condo is a redevelopment of the former Euro-Asia Apartments that was acquired enbloc for $222.18 million in 2022 by a consortium led by community real estate builder KSH Holdings. More mutual venture associates consist of SLB Development and H10 Holdings.
The weekend also observed the preview of Hillhaven, a 99-year leasehold property development that is mutually developed by Singapore real property giant Far East Organization and Japanese company Sekisui House. The 341-unit development lies at Hillview Rise in Area 23.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the first two new projects to view this year. Thus, the solid turn-out of possible purchasers sends out a strong signal to the market that community purchasers are keen to start the fresh start market this year.
The new project consists of a mix of one-bedroom and also study units to four-bedroom as well as study units, extending 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 state that rates are going to begin with $2,500 psf.
Replying to media inquiries from EdgeProp Singapore, a KSH Holdings representative states that the developers are ‘thrilled’ finding the strong reaction from customers to their business, adding that the sales group were caught off-guard by the strong feedback and added dialogue tables to suit the crowd have been deployed through the showflat.
