The Arcady Showflat

The collaborative effort of developers KSH Holdings, SLB Development, H10 Holdings, resulted in 51 units (29.7%) sold at The Arcady at Boon Keng by 4 pm on January 20, with prices commencing at just under $2,400 per square foot (psf). The development achieved an average price of $2,570 psf, reflecting strong market demand.

Notably, The Arcady at Boon Keng garnered significant interest from buyers, with all 11 one-bedroom units quickly spoken for, alongside a majority of the two-bedroom units. This trend highlights the appeal of smaller units for both owner-occupiers and investors, given the prevailing family size in Singapore. Most families now consider a two-bedroom unit as an ideal choice. Predominantly, the buyers were Singaporeans and Permanent Residents (PRs).

The Arcady at Boon Keng Family Pool

One of the distinctive features of The Arcady is its coveted freehold status, making it the first freehold condo to be launched in 2024, setting it apart from the ten other freehold projects scheduled for launch later in the year.

Situated within an eight-minute walk from Boon Keng MRT Station, The Arcady boasts convenient access to shops, hawker centers, and renowned schools like St. Andrew’s Secondary, Bendemeer Primary and Secondary, St. Andrew’s Junior School, Hong Wen School, and St. Andrew’s Junior College.

In District 12, The Arcady’s district, freehold properties are notably scarce. This rarity, coupled with the projects’ unique attributes, contributes to their appeal among homebuyers seeking an exceptional residential experience.

As the market settles into the new year, PropNex CEO Ismail Gafoor expects that buying sentiment may still exhibit some caution due to uncertainties lingering from 2023. Nonetheless, the exceptional performance of The Arcady during their launch weekend demonstrate the enduring demand for quality residential properties in Singapore.