The real estate market in Singapore is off to an impressive start in 2024, with the weekend previews of two new projects, The Arcady at Boon Keng and Hillhaven, drawing over 5,000 eager visitors. Despite the wet weather, more than 3,000 individuals explored The Arcady at Boon Keng, while Hillhaven welcomed around 2,000 visitors to its showflat.
The Arcady at Boon Keng:
- 172-unit freehold development in District 12.
- Redevelopment of the former Euro-Asia Apartments.
- Mix of one to four-bedroom units, including penthouses.
- Prices starting from $2,500 psf.
- Public preview until Jan 18; public booking starts Jan 20.
- 341-unit 99-year leasehold development in District 23.
- Jointly developed by Far East Organization and Sekisui House.
- Mix of two to four-bedroom units.
- Estimated breakeven price of $2,035 psf.
- Ongoing preview with strong weekend visitor turnout.
The enthusiastic response to these previews is a promising signal for the real estate market in Singapore. The keen interest from potential buyers indicates a robust appetite for new launches in 2024. Both The Arcady at Boon Keng and Hillhaven, representing diverse offerings in terms of tenure and unit types, have managed to capture the attention of a wide audience.
With the amount of new launches in January, some buyers may wait to check out more developments before committing.
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Source: EdgeProp Singapore