THE ARCADY CONDO AT BOON KENG

Freehold New Launch @ City Fringe . Kallang
Register for Updates . 6 Mins Walk Boon Keng MRT Station

This is a review of the Arcady at Boon Keng, a new high-rise freehold residential development on the city fringe. It is being launched by a collaboration of KSH Holdings and SLB Development, who specialise in boutique projects. They offer buyers the chance to own freehold homes in fairly central locations, at more affordable prices.

In the Arcady condo’s case, it occupies the site of the former Euro-Asia Apartments in District 12 at Kallang. This plot, at 56,475 square feet and possibly offering 172 units, is considered a decent size for a freehold launch.

Former Euro-Asia Apartments . Site of New The Arcady at Boon Keng Condo

Note: This is NOT an advertisement for sale.

Located at the corner of Serangoon Road and Barnabas Lane, it is 6 minutes walk from Boon Keng MRT station. That puts it three train stops from Doby Ghaut station at Orchard Road, and four stops from Clarke Quay station.

The Arcady at Boon Keng Location Map . From Google

This offers a way of getting hold of a fairly central freehold home, without the stratospheric price tags of those in the city centre itself.

Freehold property has always enjoyed staunch support from a loyal following. Besides the comfort of its ‘perpetuity’ tenure, it tends to retain value better over the long term. Age also does not adversely affect buyers on the resale market trying to get bank loans.

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The Arcady at Boon Keng Condo . Neighbourhood

The project sits between Whampoa and Kallang Rivers, near Boon Keng MRT station, within the Kallang Planning Area. This planning area and residential zone is centred around the Kallang River, the longest river in Singapore. It is located within the Central Region, specifically in the RCR (Rest of Central Region) zone.

The Arcady Condo Location at Kallang Planning Area . Source URA

The neighbourhood is not just a mature estate, but some of it is quite old too. Parts of that are undergoing rejuvenation, which is inevitable, given the value of such land so close to town. The Arcady condo development adds to this gentrification, that will hopefully over time, raise the value of surrounding real estate.

As for amenities, residents here do have access to some within walking distance. There is the Bendemeer Market & Food Centre, and the smallish Bendemeer Shopping Centre, beside Boon Keng MRT station. No big malls nearby unfortunately. But it can be argued that the luxury of Orchard Road shopping is just 8 minutes train ride away.

A couple of useful amenities nearby are the Kwong Wai Shiu Hospital, and Kallang Polyclinic, both about 12 minutes walk up Serangoon Road.

The site is also close to the park connectors running beside Kallang and Whampoa rivers, that link to Kallang Basin. These form part of the island-wide park connector network, with its walking and cycling trails.

The Arcady Residences Location Map . Courtesy of Google

In addition, there are schools within easy reach. The closest is Bendemeer Primary School just opposite Serangoon Road. But the most well-known are probably St. Andrew’s Junior, and St. Andrew’s Secondary schools at Potong Pasir.

The nearest exit to the Pan-Island Expressway is a 1KM drive down Serangoon Road, just before Potong Pasir.

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The Arcady Condo Launch . Analysis

The last new launches in the vicinity, those of Myra, 1953, and Jui Residences, have all sold out. While all freehold as well, they were smaller projects on more compact grounds, with therefore less communal facilities and landscaping.

In that sense, the Arcady condo is a more attractive proposition, as it has more land, facilities, and economy of scale. It is also a closer walk to an MRT station than 1953 or Jui Residences. Given its proximity to the CBD, it should fare quite well where rental demand is concerned too.

With these attributes and no nearby competition currently, the Arcady launch ought to elicit quite a bit of interest. Much will of course depend on what kind of pricing the developers decide to set it at. That will only be disclosed at the launch itself, likely in the last quarter of 2023.

Jui Residences . Nearest Freehold Previous Launch . Sold Out

In the meantime, the closest comparisons are possibly the final sales at Myra before it sold out in July 2023. The last four units, all two bedders, sold at around $2,500 to $2,700 PSF, varying with floor level.

Larger units just before that went for lower PSF pricing, even down to around $2,200 PSF for the biggest ones, as is the usual pattern. Earlier prices for the Myra launch were even lower, but that is history, and prices have moved with the times.

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Register interest or request details here.

The Arcady at Boon Keng floor plans are being finalised. Kindly let us know via the Contact Form below if you would like a copy of the Arcady floor plans when it is ready.

The Arcady residences is being developed by KSH Ultra Unity Pte Ltd. KSH Ultra Unity is a collaboration of KSH Holdings Limited (49% share), H10 Holdings (36%), and SLB Development (15%).

As the largest shareholder in this venture, KSH Holdings will drive the development and launch of the project.

Lincoln Suites by KSH Holdings

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About KSH Holdings Limited (“KSH” or the “Group”)

KSH is an established property development, investment, and construction group that was founded as far back as 1979. It has been listed on Singapore’s SGX-ST mainboard since February 2007.

With its roots in the construction industry, it is an A1-graded contractor under BCA’s CW01. That means it has the ability and capacity to tender for public sector construction projects of unlimited value. Over the years, it has built a track record as main contractor for private and public sector projects in Singapore.

In the course of their work, KSH has picked up a number of BCA Construction Excellence Awards. These have included for work on NUS University Town’s Education Resource Centre, NUS University’s Sports Centre, Madison Residences, Mount Alvernia Hospital, and the Fullerton Bay Hotel.

The Group’s property investment and development initiatives also spans various real estate sectors, often through joint ventures and strategic alliances. These have included residential and hospitality, as well as commercial and mixed-used developments.

Sky Green Roof Terrace by KSH Holdings

It has successfully executed both mixed-use and residential developments in Singapore and the PRC (China). Some of those are Lincoln Suites, KAP and KAP Residences, Cityscape @ Farrer Park, Sky Green, the Boutiq, and Newest.

It has also, in partnership with others, acquired real estate in places like Australia, Malaysia, the UK, and Japan. KSH intends to continue to broaden its business, and to explore new market opportunities in a sustainable manner.

Sky Green Condominium by KSH Holdings