Strong sales at Potong Pasir condo

Romesh NavaratnarajahNovember 30, 2015

The Poiz Residences

Home buyers snapped up nearly 75 percent of the released units at MCC Land’s The Poiz Residences in Meyappa Chettiar Road during its first weekend of sales, reported The Straits Times.

A total of 260 apartments were sold out of the 350 units initially launched under phase one, revealed the project’s developer. Of this, around 33 percent were one-bedroom units, while three- and four-bedders accounted for 36 percent and 31 percent respectively. About 98 percent of the buyers are Singaporeans.

“The sales at our launch weekend were encouraging and we attribute its success to our strategic differentiation of the units into Urban, Habitat and Suites which are each targeted at different market segments,” said MCC Land’s Managing Director Tan Zhiyong.

Another selling point of the 731-unit condominium is its proximity to Potong Pasir MRT station, he added.

The Poiz Residences is the residential component of a mixed-use development, which includes The Poiz Centre mall. Both the condominium and shopping centre are expected to be completed by 2019.

Originally, the developer planned to call the condo The Andrew Residences. But it later decided to rename it after more than 1,000 people complained that the first name would cause a mix-up with a nearby and similarly-named school.

Image: Artist’s impression of The Poiz Residences by MCC Land.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg

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