18 Mar '13, 6am

New projects to revive Potong Pasir #PR

Sennett Residence has sold over 70 percent of its 332 apartments since its launch last week at an average price of S$1,450 psf. Meanwhile, a mixed-use site at the corner of Upper Serangoon Road and Meyappa Chettiar Road that was sold in September 2012 is expected to provide Potong Pasir residents with more retail options. “There are opportunities for new mall developments, but these usually develop after some critical mass is in place,” said R'ST Research Director Ong Kah Seng. Potong Pasir’s proximity to the city centre makes it attractive with investors who “will find the rentability of homes here higher than those in the north-east area, as they are better located and the profile of occupiers is less owner-occupier”, he added.

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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