The Arcady at Boon Keng is an upcoming private residential development that is located along Serangoon Road, District 12. This city fringe development is in the Central Region of the island and it is also very near to Potong Pasir. The site of its land parcel is at 1037 Serangoon Road. The land parcel is of regular shape and is opposite of Bendemeer Primary School which is also adjacent to Eight Riversuites which sits along Whampoa East. The development is in the Boon Keng area, a subzone of Kallang. Although this estate is lesser known as compared to Ang Mo Kio, Bishan or Toa Payoh, its proximity to the downtown core and Orchard area, coupled with the abundance of lifestyle amenities and the presence of reputable of education institutions, makes this location highly sought after by home buyers.
The site of The Arcady at Boon Keng has previously belonged to Euro-Asia Apartments, a private residential project that was built in 1990. The 10 storeys high residential building had a total of 84 apartments units that sized between 840 and 2443 square feet. The land parcel, which hold a freehold tenure status, has an approximate land size of 56,476 square feet and with a gross plot ratio of 2.8 from the 2019 Master Plan by the Urban Redevelopment of Singapore.
The development was put up in the collective sale market in 2018 with a reserved price of $200 million but the sale ended with no successful taker. It was then put up for sale again for enbloc on 1st June 2022 and this time round the reserved price was adjusted upwards to $218 million. The tender was received well with interests from various real estate development companies as the attributes of the land parcel has add on to its appeal which will allow developers to construct an high-rise iconic private residential project along the renowned Serangoon Road.
The public tender ended up with successful acquisition by a consortium that was formed by local real estate companies which comprises of KSH Holdings, Ho Lee Group and SLB Development. KSH Ultra Unity, an associate of KSH Holdings held a 49% stake and H10 Holdings, an associate of Ho Lee Group, owned 36% while SLB Development held the other 15%. The successful acquisition price was at $222.18 million which is translated to winning land bid at $1313 per square foot per plot ratio including the bonus area for balcony.
KSH Holdings is a well-established company that involves in the real estate investment, real estate development and construction sectors. The company was founded in 1979 and it is listed in the Singapore Stock Exchange Mainboard ever since February 2007.
KSH Holdings is graded A1 under the CW01 by the Building Construction Authority of Singapore. It is able to participate in tenders of construction projects in the Public Sector that have unlimited value. KSH Holdings is also a main contractor for Singapore’s private and public sectors. KSH Holding is also graded A2 for CW02 by the Building Construction Authority for the civil engineering category. This enables the group to participate for projects in the Public Sector with values up to the maximum of $85 million.
The company has well-established record in managing constructions projects that spans a wide range of sectors. The projects it has handled achieved good results in CONQUAS, the standard system which assesses building projects’ quality. The group has also accredited many awards in Construction Excellence that is bestowed by the Building Construction Authority that inclusive 2016 for the Mount Alvernia Hospital, 2014 for the Madison Residences, 2013 for the Education Resource Centre of National University of Singapore and Fullerton Bay Hotel, amongst others. The company has also received award for Construction Excellence for Heartbeat @ Bedok and Sports Centre for National University of Singapore in 2019.
Via strategic joint ventures and alliances, it enables the company to expand its footprints to various sector in the real estate industry which includes mixed-use, hospitality, commercial as well as residential developments. Other than having successful executions in mixed-use and residential developments projects in both China and Singapore, KSH Holdings has also developed properties cooperatively in other parts of the globe which include Japan, Malaysia, Australia and Great Britain. The company is also consistently on the lookout for its expansions into new geographical markets that has favourable cycles in the real estate sectors that focuses on the Southeast Asia.
In its property investment arm, KSH Holdings invests in asset that are yield-accretive which can produce an income stream that is sustainable coupled with potential gains in capital. These assets include an office and retail tower which comprises of 36 levels in China’s Tianjin core business district. KSH Holdings will continue to broaden its projects and businesses by exploring into new markets opportunities and at the same time to strive to growth that is sustainable which also enhancing the value of its shareholders. Some of KSH Holdings completed residential projects in Singapore include Rezi 3Two, Rezi 35, Park Colonial, Riverfront Residences, Affinity @ Serangoon and High Park Residences.
Ho lee started out as a company that deals with general works in plumbing. The company has grown and expanded through Singapore’s growth from the early 1970’s to the 1990’s with businesses in other sectors related to constructions that range from rental and sales of construction equipment and machines, fabrication of formwork, specialised works for metal to general construction for building. The companies in these various segments formed the establishment of Ho Lee Group in 1996.
With the group formed, it allows the adoption of the same corporate culture for these companies which include ideas sharing and open communication. It encourages collaborations and corporations between business partners and colleagues to come out with construction solutions that are workable for its customers as well as the improvements for the construction sector. The company aims to draw upon the knowledge and experience from its employees that served the construction industry’s various needs. The also allow more diversifications to venture into new business segments that each individual arm had previously not ventured into.
Since its founding in 1996, the group had gone into the acquisition of Wee Poh Construction, an grade A1 by BCA construction company which dealt with civil engineering in 2005. In 2007, Ho Lee acquired Liang Huat, a Curtain Wall and Aluminium specialized company that is listed on Singapore Stock Exchange’s Main Board.
Ho Lee has also expanded into residential and commercial real estate developments. These projects were either developed with other business partners as well as Ho Lee individual development. Some of these developments include Heron Bay EC, Watercolour EC and Tua’s Mauser Factory which was Bulit-To-Order. Ho Lee was also a major sponsor for Viva Industrial Trusts’ Initial Public Offerings back in late 2013. The foundation for the Group’s success was its solid corporate culture which enables it to built robust partnerships that the group has created with its customers and business associates throughout the years and this will be enhanced further as the group pushes for more growth for future Ho Lee anticipate each chance to work and collaborate with those who share its vision to offer construction solutions for its clients and also to improve on the construction segment.
SLB Developments is a well diverse real estate development company that has vast track record ad experience that spans the industrial, commercial, mixed-use as well as residential segments and real estate development projects that range from scales small to big. The company has been listed on the Singapore Stock Exchange’s Catalist Board from April 2018 till date. The company’s nature of its well diverse portfolio permits it to manage its exposure effectively to regulations change and/or demand fluctuations in for every category of real estate development.
The company is led by a management team that is highly experienced. This allows the company to established solid business relationships networks with rest of the real estate contractors and developers as well as expanding its footprints from Singapore to China.
Primary School Bendemeer Primary School – 0.2km Hong Wen Primary School – 0.7km Saint Andrew’s Junior School – 0.9km Pei Chun Public School – 1.2km Farrer Park Primary School – 1.9km Cedar Primary School – 1.9km Canossa Catholic Primary School – 2.0km First Toa Payoh Primary School – 2.0km
Secondary School Bendemeer Secondary School – 0.4km Saint Andrew’s Secondary School – 0.9km Cedar Girls’ Secondary School – 1.7km
Junior College Saint Andrew’s Junior College – 1.1km
Tertiary Curtin University Singapore – 1.2km James Cook University Singapore – 1.6km Lee Kong Chian School of Medicine (Novena Campus) – 1.7km
International School Global Indian International School (Balestier Campus) – 1.4km Stamford American International School – 1.7km
Food Centre Blk 29 Bendemeer Road Market and Food Centre – 0.5km Blk 69 Geylang Bahru Market and Food Centre – 0.7km Whampoa Makan Place & Market – 1.1km Blk 17 Upper Boon Keng Road Market and Food Centre – 1.3km Blk 22 Toa Payoh Lorong 7 Market and Food Centre – 1.5km Pek Kio Market and Food Centre – 1.7km Blk 74 Toa Payoh Lorong 4 Market and Food Centre – 1.8km Blk 49 Sims Place Market and Food Centre – 1.9km Blk 75 Toa Payoh Lorong 5 Market and Food Centre – 1.9km Berseh Food Centre – 1.9km North Bridge Road Market and Food Centre – 2.0km
Lifestyle Automobile Associations of Singapore – 0.8km PWD-BCA Clubhouse – 1.0km Singapore Khalsa Association – 1.1km Singapore Chinese Recreation Club – 1.1km Singapore Indian Association – 1.1km Playgolf Singapore – 1.2km Civil Service Club – Tessensohn – 1.2km Ceylon Sports Club – 1.2km SAFRA Toa Payoh – 1.3km Jalan Besar Stadium – 1.5km Toa Payoh Stadium – 1.6km People’s Association HQ – 1.7km Home TeamNS – Ah Hood Road Club House – 1.8km
Highlights of The Arcady at Boon Keng
Transport Network The Arcady at Boon Keng is approximately 500 m or a mere 6 to 7 minutes’ walk away from Boon Keng MRT Station. The MRT station is situated beneath the Serangoon Road and is close to the intersection of Boon Keng Road and Towner Road. The MRT station is also ten minutes’ walk away from the Bendemeer MRT Station which operates the MRT Downtown Line. The Boon Keng MRT Station which was completed in mid of 2003 operates the MRT North East Line.
The MRT North East Line is of high-capacity MRT service line which is approximately 20 km in length. Though it is the shortest MRT service line in the network and serves 16 MRT stations but it is one of the busiest MRT service lines which boasts a daily ridership of more than 230,000. This MRT service line, which is fully undergrounded, serves the North Eastern parts of Singapore to the country’s city centre. Its route stats from the Punggol Town and then heads Southwest to Sengkang Central. It then curves towards Hougang Town and parallels to Upper Serangoon to arrive at Kovan and then Potong Pasir. It then cutes through the Kallang River and Wampoa River to Boon Keng and Little India via Serangoon Road and Race Course Road. The line continues south wards cutting below Bukit Timah Road to Dhoby Ghaut, running below Fort Canning and Singapore River. It will then stopover at Clarke Quay and Outram Park in. The line continues to run southwest paralleling Eu Tong Sen and New Bridge Road to Chinatown and towards Harbourfront which it will terminate.
For future residents of The Arcady at Boon Keng, they just need to travel 2 MRT stations towards the Harbourfront MRT Interchange Station where they will reach the Little India MRT Interchange Station and the Dhoby Ghaut MRT Interchange Station, 2 and 3 MRT stations respectively. Future residents will be able to access to the MRT Downtown Line at the Little India MRT Interchange Station and they will also be able to access to the MRT Circle Line and the MRT North South Line at the Dhoby Ghaut MRT Interchange Station.
For future residents of The Arcady at Boon Keng who are driving, the development is approximately 15 minutes away from the Central Business District and the Orchard Shopping Belt is also just under 15 minutes of driving away. The development is also close to the Central Expressway as well as the Pan Island Expressway.
Amenities There will be no lack of amenities when living in a well-established city fringe residential town like Boon Keng. As a matter of fact, the The Arcady at Boon Keng is close to many lifestyle and shopping destinations though and this will definitely give its future residents many options in terms of entertainment, dining and shopping facilities. Some of the nearby shopping malls include The Venue Shoppes, The Poiz Centre, Shaw Plaza, Aperia, Balestier Plaza, City Square Mall, Connexion, Mustafa Centre, Zhongshan Mall and Macpherson Mall.
Future residents will also have many choices when it comes to accessing to fresh market produce and also economical and delicious hawker fares. Some of the nearby wet markets and food centres include the Blk 29 Bendemeer Road Market and Food Centre, the Blk 69 Geylang Bahru Market and Food Centre, the Whampoa Makan Place & Market, the Blk 17 Upper Boon Keng Road Market and Food Centre, the Blk 22 Toa Payoh Lorong 7 Market and Food Centre, the Pek Kio Market and Food Centre, the Blk 74 Toa Payoh Lorong 4 Market and Food Centre, the Blk 49 Sims Place Market and Food Centre, the Blk 75 Toa Payoh Lorong 5 Market and Food Centre, the Berseh Food Centre and the North Bridge Road Market and Food Centre.
Schools The Boon Keng neighourhood is also a popular hunting ground for home buyer with families or thinking to start a family. This estate has numerous education facilities that will cater to the different education stages. These schools here will be able to provide to their kids elementary all the way up to tertiary education.
Primary schools that are within 1 km from The Arcady at Boon Keng include the Bendemeer Primary School, the Hong Wen Primary School and the St Andrew’s Junior School. Primary schools that are within 1 to 2 km include the Canossa Catholic Primary School, the Cedar Primary School, the Farrer Park Primary School, the First Toa Payoh Primary School and the Pei Chun Public School.
For students that required secondary education, they can select from the nearby choices such as the Bendemeer Secondary School, the Saint Andrew’s Secondary School and the Cedar Girls’ Secondary School. Students that are in their tertiary stage can access to the nearby Curtin University Singapore, the James Cook University and the Lee Kong Chian School of Medicine (Novena Campus).
Other notable education facilities nearby include the Saint Andrew’s Junior College, the Global Indian International School (Balestier Campus) and the Stamford American International School.
The Arcady at Boon Keng Factsheet
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