Weekend previews of The Arcady at Boon Keng and Hillhaven – first new projects of 2024 – attract over 5,000 visitors on opening weekend
Hillhaven comprises a mix of two- to four-bedroom unit types varying from 678 sq ft to 1,636 sq ft. The project has been open for preview ever since Saturday Jan 6 and over 2,000 visitors have actually been to the showflat over the Jan 6 and 7 weekend.
Far East Company and Sekisui House were granted the place in November 2022 when they provided the top offer of $320.78 million for the government land sale (GLS) site. Even though the developers have actually not freely discussed the anticipated asking price of Hillhaven, EdgeProp Singapore estimates that the property will have a breakeven price of $2,035 psf.
Replying to media inquiries from EdgeProp Singapore, a KSH Holdings representative claims that the developers are ‘delighted’ experiencing the solid reaction from purchasers to their venture, including that the sales group were surprised by the solid action and additional dialogue tables to accommodate the crowd have been released through the showflat.
People sneak peek will continue until Thursday Jan 18 and the public reservation of units will commence on Saturday Jan 20.
The weekend also observed the preview of Hillhaven, a 99-year leasehold property development that is collectively established by Singapore property giant Far East Organization and Japanese business Sekisui House. The 341-unit development lies at Hillview Rise in Area 23.
At least 3,000 guests flock the showflat of The Arcady at Boon Keng on its introduction preview on Jan 6 and 7 despite the wet weather over the weekend break. Another new project, Hillhaven situated at Hillview Rise, viewed about 2,000 people come by its showflat this saturday and sunday.
The preview of The Arcady at Boon Keng and Hillhaven are the first two brand-new projects to preview this year. Thus, the good turn-out of potential customers sends a strong signal to the marketplace that local buyers are keen to kickstart the brand-new start market this year.
The new project makes up a mix up 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 2 penthouse units of 2,433 sq ft and 2,583 sq ft. The developers claim that prices will most likely begin with $2,500 psf.
The Arcady at Boon Keng is a freehold development based on Serangoon Roadway in District 12. The 172-unit condominium is a redevelopment of the previous Euro-Asia Condos which was acquired enbloc for $222.18 million in 2022 by a consortium led by community real property builder KSH Holdings. More joint venture associates include SLB Development and H10 Holdings.
