In terms of investing in Singapore, it is crucial to carefully consider the rules and limitations surrounding property ownership, especially for non-residents. The regulations for purchasing landed properties in Singapore are much stricter compared to acquiring a condo, which has fewer restrictions. However, non-resident investors must take note of the Additional Buyer’s Stamp Duty (ABSD) of 20%, which applies to their initial property purchase. Despite this added cost, the Singapore real estate market provides a stable and reliable investment opportunity, particularly in the condo market. This makes investing in condos in Singapore a highly desirable option for international investors, given its potential for growth and stability. As a result, Singapore has become a highly sought-after destination for foreign investors, with condos being a favored investment choice in the country.
The Arcady at Boon Keng, a 172-unit freehold condominium, is set to become a prominent landmark in the heart of Boon Keng upon its completion in 2027. This modern development aims to create a lush green space along Serangoon Road, featuring contemporary architecture that will set it apart from other condominiums in the neighborhood.
Collaborating on the project are trusted local developers KSH Holdings, SLB Development, and H10 Holdings, along with award-winning architectural firm Park + Associates. Together, they aim to craft a distinguished residence that stands out from the rest.
Since its launch for sale in January, The Arcady at Boon Keng has garnered positive responses from both investors and local buyers. The thoughtfully designed layout of the one-bedroom plus study units and the two-bedroom units has resonated with many, while families have been drawn to the spacious units and the variety of family-friendly amenities offered.
This development presents a rare opportunity for discerning buyers to invest in an affordable freehold property in a city-fringe location. It stands out as one of only a handful of new freehold projects launching this year.
Creating an Urban Oasis
The Arcady at Boon Keng has been designed to blend seamlessly with its surroundings, featuring a bold architectural form and a curated landscape design. This deliberate effort by the developers and designers aims to create an urban oasis, a peaceful and luxurious haven amidst the bustling city fringe.
The architects at Park + Associates and landscape architect Ecoplan Asia have crafted a multi-layered design, with a trail leading from the Grand Arrival to the ground floor landscape deck. This unique approach allows for a dense green space, while combining three floors worth of facilities into a ‘one-stop’ zone located on just two floors at the base of the tower. This efficient use of space can also be seen in other areas, such as the 14th floor and the rooftop terrace.
A Range of Family-Friendly Amenities
At The Arcady at Boon Keng, residents can enjoy an array of amenities catering to different lifestyle needs. The Social Deck, Kids Playground, and Family Deck are perfect for families with children, while the Sky Terrace, Party Deck, and Kids Club offer endless fun and entertainment for the little ones. Parents can relax at the Chill Out Lounge or the Botanic Club, and host guests at the Arcady Club on the 14th floor, which offers a private dining experience and stunning views. The Gourmet Vista on the 14th floor also provides a 360-degree panoramic view of the surrounding skyline, making it the perfect spot for entertaining guests.
Spectacular Scenery and a Family-Oriented Layout
The Arcady at Boon Keng has been thoughtfully designed to provide residents with optimal views and a comfortable living experience. The tower and unit orientation ensure a north-south facing, elevated approximately 18m above street level to maximize the scenic views. Additionally, the units are tilted away from the main road to minimize traffic noise.
Higher floors offer stunning views of the Kallang River, while south-facing units enjoy a view towards Marina Bay. The efficient layout of each unit includes spacious master bedrooms that can accommodate a king-sized bed and common bedrooms that can fit a queen-sized bed. The project offers a range of unit types, including three-bedroom units, three-bedroom-plus-study units, and four-bedroom units, as well as two penthouses. Families with school-going children will appreciate the project’s proximity to several schools, including Bendemeer Primary School, Bendemeer Secondary School, St Andrew’s Junior School, and Hong Wen School.
Attractive Pricing for an Ideal Location
Since its launch in January, The Arcady at Boon Keng has seen steady sales, with all the one-bedroom plus study units and close to 90% of the two-bedroom units sold. With an average selling price of around $2,570 psf, this freehold property offers a competitive pricing advantage compared to other new 99-year leasehold projects in the Rest of Central Region (RCR) area. This, coupled with its central location and convenient access to major expressways such as the CTE and PIE, makes The Arcady at Boon Keng an attractive investment for buyers and investors.
Future Potential for Capital Appreciation
The Arcady at Boon Keng is poised to benefit from the rejuvenation of the Kallang precinct, with the upcoming Kallang Alive Masterplan set to transform the area into Singapore’s future sports hub. This masterplan, announced during Prime Minister Lawrence Wong’s National Day Rally this year, aims to bring together several key sporting associations and the Singapore Sports School into one integrated precinct. With easy access to the city and a short commute to the central business district, The Arcady at Boon Keng is well-positioned for future growth and potential for capital appreciation.
In conclusion, The Arcady at Boon Keng is a rare gem offering an ideal blend of a central location, affordable pricing, and a freehold tenure, making it an excellent investment choice for buyers looking for a well-established neighborhood in the city fringe. With limited new home launches in the area, this project presents an opportunity not to be missed. Interested buyers can contact the developers’ appointed marketing agencies or visit their website for more information.