The Arcady at Boon Keng Price – Successful Tender Price

A trio of Singapore-based developers, spearheaded by KSH Holdings, has successfully acquired an Euro-Asia apartment building on Serangoon Road, Singapore, for a sum of S$222.18 million ($160 million). This acquisition comes less than two months since the property was put up for collective sale.

Publicly traded developers, KSH and SLB Development, revealed to the local stock exchange on Tuesday that in partnership with H10 Holdings – a private development firm associated with the Ho Lee Group and a Bhutanese individual, they have consented to buy the Euro Asia Apartments. This freehold property, located at 1037 Serangoon Road, was procured at a value that’s 2 percent higher than its initial guide price.

Land LocationSUCCESSFUL SALE PRICEPER SQ FT PER PLOT RATIO
Former Euro-Asia Apartment, Now The Arcady at Boon Keng$218,000,000$1,313 psf per plot ratio, inclusive of bonus balcony area.
Details of en-bloc land acquisition price for The Arcady Condo on Serangoon Road, Boon Keng, secured by KSH, SLB & H10.

The Arcady at Boon Keng Price – Nearby Properties Transacted Price

Within a 2km radius of The Arcady at Boon Keng, several noteworthy condominium developments add vibrancy to the real estate landscape:

  1. JUI RESIDENCES: A freehold property completed in 2021, housing 117 units. Located just 410 meters from The Arcady, it has attracted 4.9% foreign ownership. The price range lies between S$1,847 to S$1,886 psf, with an average at S$1,867 psf. In terms of rentals, the range is from S$5.05 to S$7.56 psf pm, averaging S$6.07 psf pm. With a 3.9% rental yield, it’s observed an annualised capital gain of 1.7%.
  2. MYRA: Also a freehold property, it’s still under construction. Comprising 85 units, it’s situated 914 meters away. The selling prices vary from S$2,190 to S$2,712 psf, with the mean at S$2,457 psf.
  3. Lavender Residence: Another freehold project, it’s slated to have 16 units and sits 1,039 meters from The Arcady. Units are priced between S$1,710 and S$2,238 psf, averaging S$1,949 psf.
  4. THE POIZ RESIDENCES: With a 99-year lease from 2014, this development was completed in 2018. Boasting 731 units, it stands 1,100 meters away. Prices range from S$1,466 to S$2,072 psf, with an average of S$1,921 psf. Rentals vary from S$4.28 to S$8.44 psf pm, averaging S$6.75 psf pm. This project has shown a 4.2% annualised capital gain.
  5. STURDEE RESIDENCES: A 99-year leasehold from 2015, completed in 2019 with 305 units. It lies 1,264 meters distant. Prices span S$1,858 to S$2,192 psf, averaging at S$2,015 psf. Rentals range S$5.05 to S$9.13 psf pm, with the mean at S$7.21 psf pm.
  6. NEEM TREE: A freehold development completed in 2018, it encompasses 84 units. Located 1,444 meters away, units are priced between S$1,796 and S$1,858 psf. Rentals range from S$5.18 to S$7.78 psf pm, averaging S$6.30 psf pm.
  7. THE TRE VER: A 99-year leasehold from 2018, completed in 2022 with 729 units. It’s 1,454 meters away. The price varies from S$1,755 to S$2,075 psf, averaging S$1,903 psf. Rentals span S$4.62 to S$9.11 psf pm, averaging S$6.53 psf pm.
  8. PARK COLONIAL: A 99-year leasehold from 2017, it was done in 2021 with 805 units, situated 1,765 meters distant. Prices range from S$1,798 to S$2,248 psf, averaging S$2,108 psf. Rentals vary between S$5.41 and S$8.95 psf pm, with the mean at S$7.42 psf pm.
  9. Piccadilly Grand: With a 99-year lease from 2021, it’ll house 407 units and is 1,804 meters from The Arcady. The selling price lies between S$1,821 and S$2,174 psf, averaging S$2,054 psf.
  10. THE WOODLEIGH RESIDENCES: A 99-year lease from 2017, set to complete in 2023 with 667 units. It’s 1,826 meters away. The price ranges from S$2,078 to S$2,453 psf, averaging at S$2,278 psf. Rentals span S$5.60 to S$9.60 psf pm, with the average at S$7.26 psf pm.

Each of these developments offers unique attributes and advantages, making the vicinity around The Arcady at Boon Keng a hotspot for both homebuyers and investors.

NEARBY NEWER CONDO AROUND THE ARCADY AT BOON KENG AT DISTRICT 12HIGHEST TRANSACTED SELLING PRICE (PSF) FOR PAST 12 MONTHSCOMPLETION
JUI RESIDENCES$1,8862021
MYRA$2,712Under Construction
LAVENDER RESIDENCES$2,2382018
THE POIZ RESIDENCES$2,0722018
STURDEE RESIDENCES$2,1922019
THE TRE VER$2,0752022
PARK COLONIAL$2,2482021
PICCADILLY GRAND$2,174Under Construction
THE WOODLEIGH RESIDENCES$2,4532023
Transacted prices of condos in the vicinity of The Arcady at Boon Keng on Serangoon Road, a project by KSH, SLB & H10

Latest Updates As At  Friday, June 14th 2024 updated, Register to receive the price list and book showflat appointment when ready!

THE ARCADY AT BOON KENG PRICE – ESTIMATE INDICATIVE / LAUNCH PRICE

PSF$
A) Land Cost$1,313
B) Construction Cost (estimate)$450
C) Profit Margin + Other Expenses (30% x [A+B] )$528
Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE)$2,291
Estimated selling price and price list for The Arcady Condo at Serangoon Road, Boon Keng, introduced by KSH, SLB & H10

Latest Information The Arcady at Boon Keng Price List As At  Friday, June 14th 2024 updated, Register to receive the price list and book showflat appointment!