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 Company and Sekisui House were awarded the place in November 2022 when they provided the leading offer of $320.78 million for the government land sale (GLS) site. Even though the developers have actually not openly discussed the anticipated asking price of Hillhaven, EdgeProp Singapore predicts that the proposal will certainly have a breakeven rate of $2,035 psf.
The public sneak peek is going to carry on up until Thursday Jan 18 and the open reservation of units are going to commence on Saturday Jan 20.
The weekend also viewed the preview of Hillhaven, a 99-year leasehold development that is jointly built by Singapore real property giant Far East Company and Japanese company Sekisui House. The 341-unit property is located at Hillview Rise in District 23.
The brand-new project consists of 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 two penthouse units of 2,433 sq ft and 2,583 sq ft. The builders state that rates will start from $2,500 psf.
The Arcady at Boon Keng is a freehold project based on Serangoon Roadway in District 12. The 172-unit condominium is a redevelopment of the prior Euro-Asia Flats which was purchased enbloc for $222.18 million in 2022 by a consortium led by local real estate builder KSH Holdings. More joint business associates include SLB Development and H10 Holdings.
The preview of The Arcady at Boon Keng and Hillhaven are the first 2 new ventures to preview this year. Hence, the solid turn-out of prospective customers sends a strong signal to the market that town buyers are keen to start the brand-new start market this year.
Hillhaven makes up a mix of two- to four-bedroom unit types ranging 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 guests have actually been to the showflat over the Jan 6 and 7 weekend.
At least 3,000 guests flock the showflat of The Arcady at Boon Keng over its introduction viewing 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 visit its showflat this weekend.
Responding to media queries from EdgeProp Singapore, a KSH Holdings representative states that the developers are ‘thrilled’ experiencing the strong feedback from customers to their business, adding that the sales group were surprised by the solid action and additional discussion tables to accommodate the group have been released all over the showflat.