{"id":7604,"date":"2016-11-03T04:29:22","date_gmt":"2016-11-02T20:29:22","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=7604"},"modified":"2022-07-01T04:04:29","modified_gmt":"2022-06-30T20:04:29","slug":"renewed-interest-potong-pasir","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/renewed-interest-potong-pasir\/","title":{"rendered":"The sub-town phenomenon: The renewed interest in Potong Pasir"},"content":{"rendered":"
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In 2010-2013 when new growth corridors were actively conceptualized, there was a fair amount of speculation as developers and owners tried to sell the idea of “aspirational living” to buyers. We have however come to a point where reasonable pricing for all private residential properties receives higher priority.<\/span><\/p>\n

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Once a sleep residential estate, Potong Pasir will see a burst of activity in the near future<\/figcaption><\/figure>\n

This has given rise to sub-towns, where non-landed private leasehold homes generally would not exceed $1,100 psf if it is in a suburban location without an MRT station or major mall, and should not exceed $1,350 psf if it is in the city fringe.<\/p>\n

(Read more about sub-towns here<\/a>)<\/p>\n

The sleeping tiger awakens<\/b><\/h3>\n

An example of a sub-town is Potong Pasir. The recent collective sale of the HUDC estate, Raintree Gardens, has definitely put the district in the spotlight yet again. This follows the news of HDB releasing a substantial number of flats in Bidadari from end 2015 (and in H1 2016) for BTO applications. <\/span><\/p>\n

Although we cannot exactly term Potong Pasir as a quaint residential area, it is considered to be less crowded compared to typical mature housing estates. It is a predominantly residential area, with a mixture of private residential and public housing estates with few ancillary retail amenities. <\/span><\/p>\n

The main attractiveness of the district is that it is close to the city centre, making it an area that affluent HDB upgraders can consider. Also, with the spate of new residential developments set to be constructed, together with supporting retail amenities, Potong Pasir is set to be rejuvenated. <\/span><\/p>\n

Investors will find the rentability of homes here to be slightly higher due to its location. Tenants, especially expatriates who prefer to stay within the Rest of Central Region (RCR) to save housing costs, would prefer to live in such an area.<\/span><\/p>\n

Comparing Potong Pasir with nearby localities<\/strong><\/h3>\n

It is worth comparing Potong Pasir with Serangoon (mainly Serangoon Central, excluding Serangoon North and Serangoon Gardens), Woodleigh and the Bendemeer\/Boon Keng area (where Eight Riversuites<\/a> is). <\/span>
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