MCC Land has opened The Poiz Residences for public preview, with sales set to begin on 28 November, reported The Straits Times.
Located beside Potong Pasir MRT station, the project had previously seen some unwelcome publicity, after several St Andrew’s alumni protested against its original name, The Andrew Residences, for being too similar to the name of the educational institution. MCC Land subsequently changed the name of the property.
Defying predictions of a further slowdown in the property market, the property developer is releasing about 50 percent of the total number of units in its first launch. The 731-unit condominium, situated in Meyappa Chettiar Road, forms part of a mixed-use development that also includes a retail and lifestyle mall, The Poiz Centre.
Over half its units are one- and two-bedders, measuring 420 sq ft and above and priced at around S$1,380 psf on average. The project will also feature 202 three-bedders, 52 four-bedders, and four penthouses. Both the mall and condominium are set to be completed in 2019.
“In spite of Potong Pasir’s rapid development over the years, it seems to lack an iconic central destination that combines major transport infrastructure with retail and recreational amenities, as found in most other residential estates,” said MCC Land managing director Tan Zhiyong. He noted that the commercial project is intended to be Potong Pasir’s definitive landmark.
Cheryl Marie Tay, Senior Journalist at PropertyGuru, edited this story. To contact her about this or other stories email cheryl@propertyguru.com.sg
