Brisk sales at launch of Potong Pasir condo

MCC Land's The Poiz Residences, next to Potong Pasir MRT station, has notched up brisk sales on its first weekend.

In all, 260 units were sold, out of 350 units released for sale in the first phase, the developer said yesterday. The condominium will have 731 units in all.

The units sold were evenly distributed among all unit types.

About one-third of sales were one-bedroom, 36 per cent were two-bedders and 31 per cent were three-and four-bedroom units, MCC Land said.

Nearly all the buyers - 98 per cent - were 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 Mr Tan Zhiyong, Managing Director of MCC Land.

"The Poiz Residences' seamless integration with the Potong Pasir MRT Station is also a big draw for most buyers."

The project, in Meyappa Chettiar Road, forms part of a mixed-use development which also includes The Poiz Centre, a retail-cum-lifestyle mall.

Both the Poiz Residences and mall are set to be ready in 2019.

The project faced some controversy when more than 1,000 people protested against its original name, The Andrew Residences, but MCC Land paid heed to the criticism and renamed it.

A petition had been launched by Saint Andrew's School alumni accusing the developer of using the "hard-earned goodwill associated with the St Andrew's name for a self-serving commercial intent".

A version of this article appeared in the print edition of The Straits Times on November 30, 2015, with the headline 'Brisk sales at launch of Potong Pasir condo'. Print Edition | Subscribe