Despite the rainy weather over the weekend, almost 3,000 people flocked to The Arcady’s showflat at Boon Keng near The Continuum for its inaugural preview on January 6 and 7. Over 2,000 people visited the showflat at Hillhaven, another new property at Hillview Rise, this past weekend.
The first two new projects to preview this year are The Arcady at Boon Keng and Hillhaven near the Continuum Showflat. As a result, the high turnout of prospective customers indicates to the market that local consumers are eager to establish a new market this year.
District 12’s Serangoon Road is home to the freehold development known as The Arcady at Boon Keng. Redeveloped from the original Euro-Asia Apartments, the 172-unit condominium was bought en bloc in 2022 for $222.18 million by a group headed by local real estate developer KSH Holdings. Additional joint venture partners consist of H10 Holdings and SLB Development.
The new building has a variety of units, from 527 square feet to 1,625 square feet, that range in size from one bedroom plus study to four bedrooms plus study. Two penthouse suites totaling 2,433 and 2,583 square feet are also available. Per the developers, the starting price per square foot will be $2,500.
A KSH Holdings spokesperson, in response to questions from EdgeProp Singapore, stated that the developers are “thrilled” by the strong response from buyers to their project. The sales team was taken aback by the strong response, and more discussion tables have been set up throughout the showflat to accommodate a large number of people.
The public booking of units will open on Saturday, January 20, while the public preview will run through Thursday, January 18.
Over the weekend, the 99-year leasehold development known as Hillhaven, a joint venture between Japanese company Sekisui House and Singapore’s Far East Organization, was also unveiled. The 341-unit complex is situated in District 23 at Hillview Rise.
When Far East Organization and Sekisui House made the highest bid of $320.78 million for the government land sale (GLS) site in November 2022, they were given the site. EdgeProp Singapore predicts that Hillhaven would break even at $2,035 per square foot, despite the fact that the developers have not disclosed the project’s anticipated selling price to the public.
A variety of two- to four-bedroom unit options, with sizes ranging from 678 to 1,636 square feet, are available in Hillhaven. Almost 2,000 people visited the showflat during the course of the Jan. 6–7 weekend, when the project was offered for preview.
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