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 Organization and Sekisui House were granted the site in November 2022 when they sent the top deal of $320.78 million for the government land sale (GLS) site. Even though the developers have actually not freely shared the assumed market price of Hillhaven, EdgeProp Singapore estimates that the property will have a breakeven rate of $2,035 psf.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold development that is mutually built by Singapore real property giant Far East Company and Japanese firm Sekisui House. The 341-unit development stands at Hillview Rise in Area 23.
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 guests have actually been to the showflat over the Jan 6 and 7 weekend.
Beyond 3,000 site visitors thronged the showflat of The Arcady at Boon Keng over its launching viewing on Jan 6 and 7 in spite of the wet climate over the weekend break. Another new venture, Hillhaven located at Hillview Rise, saw about 2,000 people come by its showflat this 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 prior Euro-Asia Apartments that was purchased enbloc for $222.18 million in 2022 by a consortium led by community real property developer KSH Holdings. Other mutual business associates consist of SLB Development and H10 Holdings.
Consumers sneak peek is going to continue up until Thursday Jan 18 and the open reservation of units are going to start on Saturday Jan 20.
Replying to media questions from EdgeProp Singapore, a KSH Holdings spokesperson says that the developers are ‘excited’ finding the strong feedback from buyers to their venture, adding in that the sales team were actually caught off-guard by the strong reaction and extra dialogue tables to suit the group have been released all over the showflat.
The sneak peek of The Arcady at Boon Keng and Hillhaven are the initial 2 brand-new ventures to preview this year. Hence, the strong turn-out of prospective customers sends a solid indicator to the marketplace that community buyers are eager to start the brand-new start market this year.
The brand-new property makes up a mix up of one-bedroom and also study units to four-bedroom plus study units, ranging 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 say that rates are going to begin with $2,500 psf.