Highlights
The Arcady at Boon Keng is strategically situated in the heart of Boon Keng, offering residents easy access to amenities and transportation options.
- The condo is just a 5 minutes’ walk from Boon Keng MRT station on the Northeast line, offering easy access to various parts of Singapore.
- Enjoy the convenience of having reputable schools nearby, including St Andrew’s Junior School and Bendemeer Primary School, ensuring quality education options for families.
- Residents can explore a diverse range of nearby dining options, with Bendemeer Market and Food Centre offering various culinary delights.
- Embrace the advantage of owning a freehold property in District 12, providing long-term ownership rights and potential for value appreciation.
- The Arcady at Boon Keng presents a competitive and attractive investment opportunity with indicative prices ranging from S$2,400 to S$2,600 per square foot.
- Developed by KSH Ultra Unity Pte Ltd, a subsidiary of KSH Holdings, the company is known for its track record of quality construction in property development.
Introducing The Arcady at Boon Keng
The Arcady at Boon Keng is a new and promising addition to Singapore’s real estate landscape. Situated in District 12, this freehold new launch condo by KSH Holdings and SLB Development is set to redefine city-fringe living.
With completion slated for 2028, The Arcady boasts one block encompassing 172 units, offering residents a blend of modernity and convenience. Nestled on the former Euro-Asia Apartments site, this development occupies a respectable 56,475 square feet.
Boasting proximity to Boon Keng MRT station, just a short 5-minute stroll away, commuting is a breeze. For those seeking a blend of centrality and affordability, The Arcady presents an enticing opportunity.
Location and Accessibility
Situated within the dynamic Kallang Planning Area, The Arcady at Boon Keng enjoys a strategic location. It boasts proximity to key transportation hubs, most notably the Boon Keng MRT station.
Nestled between Whampoa and Kallang Rivers, this development is strategically positioned within the Rest of Central Region (RCR) zone.
It exhibits a mere 5-minute walk to the Boon Keng MRT station on the North-East Line and accessible Geylang Bahru MRT station on the Circle Line. The residents benefit from seamless connectivity within Singapore’s public transportation network.
Also, the development’s strategic positioning provides effortless access to major expressways. They include the Central Expressway (CTE) and Pan Island Expressway (PIE), accessible within a brief 3-minute drive along Serangoon Road.
During off-peak hours, Orchard Road and the Central Business District (CBD) are reachable within 10 and 15 minutes, respectively.
Developer Profile
The Arcady at Boon Keng, which is a freehold condominium project is developed through a collaboration between KSH Holdings, SLB Development, and Ho Lee Group.
KSH Holdings is a prominent construction and property development firm established in 1979. SLB Development, a subsidiary of Lian Beng Group, brings its expertise from successful ventures like The Antares condominium.
The development, formerly known as Euro-Asia Apartments, was sold en bloc for $222 million, exceeding the initial guide price of $218 million. KSH Ultra Unity, a subsidiary of KSH Holdings, emerged as the winning bidder for the 84-unit development, securing the bid at $222.18 million.
SLB Development holds a 15% stake, while KSHUU is 36% owned by H10 Holdings. The successful en bloc sale transaction represents a significant milestone in the evolution of The Arcady at Boon Keng, positioning it as one of the noteworthy developments in RCR.
Neighborhood Amenities
1. Educational Institutions
- Canaan Church Kindergarten and MOE Kindergarten are conveniently located within a 2-minute walk from the development, providing early childhood education options.
- Bendemeer Primary School, just a 3-minute walk away, offers primary education. Several other reputable schools, like Hong Wen School and St. Andrew’s Junior School, are within a 1 km radius, ensuring quality education for residents’ children.
2. Dining and Shopping
- Residents of The Arcady at Boon Keng can choose among multiple dining and shopping options. City Square Mall, Mustafa Centre, and Shaw Plaza are easily accessible within a short 7 to 10-minute drive. Hence, offering a diverse range of retail stores, restaurants, and entertainment facilities.
- The immediate vicinity is also teeming with eateries, with Bendemeer Market and Food Centre just a stone’s throw away. Residents can indulge in many culinary delights from popular hawker stalls such as Bendemeer Prawn Noodle, Heng Kee Lor Mee, One Ton Mee, and Min Ji Laksa.
3. Recreational Facilities
- The neighborhood surrounding The Arcady is enriched with recreational facilities. Residents can enjoy outdoor activities at nearby parks like St. George Park, Beng Wan Road Playground, and Mar Thoma Road Park, all within a short walking distance from the condominium.
- These parks offer green spaces for relaxation, jogging tracks, and playgrounds for children. Hence providing opportunities for residents to engage in healthy lifestyles and recreational pursuits.
4. Supermarkets
- There are several supermarkets within proximity to The Arcady. Geetham Supermarket is just a 4-minute walk away, while Sheng Siong and Sheng Siong-McNair Supermarket are within an 8-minute walk, offering a wide range of groceries and daily necessities.
- With these supermarkets nearby, residents can easily fulfill their shopping needs without traveling far, enhancing the overall convenience and comfort.
Siteplan of The Arcady at Boon Keng
Facilities at The Arcady at Boon Keng
Unit Mix and Floor Plan
Located along Upper Serangoon Road, The Arcady at Boon Keng enjoys unobstructed vistas and a pleasing low-rise environment. Historic shophouses, churches, and terraced houses surround it.
It encounters high-rise structures to the west and northwest, including HDB blocks of St. George’s East Gardens. Nestled within lush greenery and enchanting water features, this development promises an oasis of tranquility from the moment you step into the Arrival Courtyard.
Designed for optimal living comfort, the development offers a range of thoughtfully crafted homes with smart-home technologies. The Arcady unit mix caters to diverse lifestyle preferences, comprising:
- 1 Bedroom + Study (Type A): 11 units available, each with an area of 527 square feet (49 square meters). Ideal for individuals or couples looking for a compact yet versatile living space.
- 2 Bedroom (Type B1/B2): 38 units spread across two variations, with areas ranging from 667 to 678 square feet (62 to 63 square meters). Suitable for small families or individuals desiring extra space.
- 2 Bedroom + Study (Type B3/B4/B4a): Comprising 38 units, these residences offer a study area along with two bedrooms, with an area of 764 square feet (71 square meters). Perfect for those needing a dedicated workspace within their home.
- 3 Bedroom (Type C1/C2): 21 units available, each featuring three bedrooms within an area of 969 to 980 square feet (90 to 91 square meters). Ideal for growing families seeking ample living space and comfort.
- 3 Bedroom Premium (Type C3/C4): With 31 units on offer, these residences provide a home office or study area in addition to three bedrooms, with areas ranging from 1,087 to 1,195 square feet (101 to 111 square meters). Suitable for professionals or families needing a bigger space.
- 3 Bedroom Premium+ Study (Type C5/C5A): These residences consist of 21 units, each offering a study area alongside three bedrooms, with areas ranging from 1,281 to 1,496 square feet (119 to 139 square meters). Great for families or individuals requiring both living and workspace.
- 4 Bedroom + Study (Type D1): Only nine units is available, featuring four bedrooms and a study area within a spacious 1,410 square feet layout (131 square-meter). Perfect for larger families seeking generous living space.
- 4 Bedroom Premium (Type D2A): Another single unit offering, these residences provide four bedrooms with a wet and dry kitchen within an expansive layout of 1,625 square feet (151 square meters).
- Penthouse 4BR (Type P1/P2): Two penthouse units available, each boasting four bedrooms and offering luxurious living across areas ranging from 2,433 to 2,583 square feet (226 to 240 square meters). Designed for those seeking top-tier living with spacious interiors and stunning views.
Each residence reflects meticulous attention to detail and functional layouts, ensuring luxury and practicality.
Pricing and Market Analysis
The pricing for The Arcady is anticipated to be highly competitive within the district. The estimated average cost per square foot (psf) is around S$2,500 psf, positioning it attractively compared to other new launches in the area.
To provide context, recent sales at Myra, a nearby development, could be a benchmark. The final two-bedroom units at Myra were sold between $2,500 to $2,700 psf, with prices varying based on floor level.
Interestingly, larger units sold just before these were priced lower per square foot, with some spacious units costing about $2,200 psf. This reflects market dynamics and adjustments over time.
Also, let’s examine the competitive positioning by comparing it with three other nearby freehold developments. Among these developments, Aberdeen showcased the highest growth rate in average price per square foot, reaching $1,400psf by 2023, representing a growth rate of 35% from 2017.
Regent Residences followed closely with a growth rate of 26% from 2018 to 2023, achieving an average of $1,900psf by 2023. Conversely, Jui Residences exhibited the lowest growth rate at 9% from 2018 to 2023, with an average of $1,900psf by 2023.
The differences in growth rates can be attributed to the age of the developments, with older properties experiencing higher appreciation rates over time.
Despite being a newer development, The Arcady achieved an average price of $2,600 psf on its launch day, showcasing strong market demand. This positions The Arcady as an attractive investment opportunity for buyers and investors seeking long-term capital appreciation and enduring value.
Prospective buyers are advised to verify the most current pricing details with me, as prices may fluctuate based on market conditions and other factors.
Investment Potential
The Arcady presents promising investment potential, underpinned by several key factors that contribute to its attractiveness:
a. Developments at Serangoon Road
District 12, encompassing Serangoon, Toa Payoh, and Balestier, holds significant appeal for buyers and tenants due to its historical charm and excellent amenities. Serangoon benefits from exceptional transportation links, including two MRT lines and the presence of Nex, a prominent shopping mall in the northeast region.
Toa Payoh, Singapore’s second satellite city, has undergone revitalization efforts. It boasts facilities like HDB Hub and recreational venues such as Toa Payoh Stadium and Swimming Complex. These factors contribute to the desirability of living in the Serangoon Road area, making it an attractive residential destination in District 12.
b. Freehold Appeal
The appeal of The Arcady lies in its freehold status, offering long-term ownership benefits without the high price tags of city center properties. Freehold properties are favored for their perpetual tenure and ability to retain value over time, making them attractive investments.
They serve as generational assets, providing financial freedom and asset-building pathways. Also, they command higher prices during en bloc sales, reflecting their enduring value and immunity to lease tenure depreciation.
c. Rental Demand
The Arcady is poised to attract diverse tenants due to its strategic location and amenities. City workers looking for convenient access to central areas via nearby MRT stations will find The Arcady appealing.
Also, families will be drawn to the development’s proximity to reputable schools and recreational facilities. With its mix of unit types catering to various needs, including one to four-bedroom units, The Arcady has the potential to accommodate tenants from different demographic segments, further enhancing its rental demand.
Conclusion
The Arcady emerges as a prime choice for families and investors, boasting a versatile array of unit configurations tailored to meet diverse needs. From cozy 1 and 2-bedroom layouts ideal for smaller households to spacious residences accommodating larger or multi-generational families, this development caters to a wide spectrum of lifestyle preferences.
With attention to detail, it offers optimal living comfort through functional layouts and modern amenities. The freehold status ensures the long-term potential for capital appreciation, further enhancing its allure for investors seeking enduring value.
Strategically located with convenient connectivity, The Arcady presents an enticing blend of personal residence and investment prospects. The diverse unit mix and thoughtful design position it as a great choice within District 12, promising comfort and investment potential for discerning buyers.
Overall, The Arcady presents an enticing opportunity for those seeking to secure a high-quality living space or capitalize on the promising prospects of real estate investment in Singapore.
