Hipster central alert: Potong Pasir is shaping up to be the next Tiong Bahru
To see Potong Pasir's potential, you only have to wait at Bugis today. The latter brings to heed a vibrant retail-and-dining scene and high-end hotels. Just enquire your parents what the area was like in the 70s and they'll probably shudder at the thought. Bugis back then was a risque ghetto with few prospects other than contracting malaria.
Non that Potong Pasir was ever seedy or ghetto-like only this quaint part of Singapore is first to transform. The next Bugis it is not but there are signs of the estate becoming the side by side Tiong Bahru. Here's a look at why Potong Pasir is on the cusp of becoming the next trend-setting community with good investment potential.
1. LIVELY, WELCOMING VIBES
At that place's something that gentrified areas such as Tiong Bahru and Joo Chiat share; it was likewise nowadays in Bugis before the area's transformation. And that is the spirit of the neighbourhood and its energy. These neighbourhoods are old but they don't feel old – many of them are livelier than the younger estates, such as sleepy Sengkang or laid-back Punggol (no offence to those places, they have a placid charm of their own).
Take OH! Open Business firm: Potong Pasir, for example, in which residents opened their homes to business firm artworks in 2022 and welcomed anyone who wanted to view the art. Virtually Singaporeans would balk at the idea of letting strangers poke their noses effectually. Just Potong Pasir residents were happy to practise it.
Here, residents every bit old as l shoot hoops with counterparts as young equally 15. Shopkeepers still continue their money in Horlicks tins every bit well as have mobile payments. The community club, despite a lack of cafes and WiFi hotspots, sees a better turnout than a suburban concert.
2. POTENTIAL FOR GROWTH
Potong Pasir is centrally located, but it manages to evade encroachment by large commercial interests. It'due south i of the few neighbourhoods without a major mall within walking distance. Instead, family-owned mini-marts and small retail stores are the norm here. It was merely in 2015 that chain supermarkets similar NTUC institute a foothold.
With the contempo introduction of The Poiz Heart and The Venue Shoppes, Potong Pasir is at present filled with hidden enclaves for you lot to explore. These upgraded and upmarket civilities volition serve to push button property prices up. And since redevelopment efforts accept just only begun, this neighbourhood has a lot of room to grow.
3. IMPRESSIVE HOME VALUES Become More IMPRESSIVE
According to the Urban Redevelopment Dominance'south (URA) Draft Primary Programme 2019, walking and cycling routes will exist introduced across Potong Pasir, equally well every bit to nearby Bishan and Toa Payoh to bridge the neighbourhoods. Since 2015, sheltered linkways accept been added to connect to Potong Pasir MRT station. To create a more seamless walking and cycling experience, paths are also built to connect the MRT station to the Kallang Park Connector.
Upgrades such as the ten-hectare Bidadari Park, or HDB upgrading in Bishan will as well have a knock-on upshot on Potong Pasir's property values.
For instance, abode prices in Singapore averaged S$322 per square human foot in 2004. Today, they boilerplate Southward$995 per square foot – an increase of about 209 per cent. The numbers look impressive until you see Potong Pasir's: Prices hither averaged S$275 per square human foot in 2004, below the national average at the time. Now, its dwelling house prices average an astounding Southward$1,453 per square pes, beating the national boilerplate and an increment of almost 428 per cent.
iv. NEIGHBOURHOOD QUIRKS
Here are some highlights that make Potong Pasir stand out from the other neighbourhoods:
- Ski-slope roofs
The ski-slope roof pattern of the HDB blocks is iconic of Potong Pasir'due south skyline. Simply more interestingly, this is where yous tin can still notice rare executive maisonettes in Singapore today. These maisonettes can only be accessed via an alternative flying of stairs, so it'due south like having your private lobby.
- Ang Mo Supermarket
It'due south a cross betwixt a provision shop and a regular supermarket. The prices beat out NTUC's, the selection is wide, and every visit is like a treasure hunt. If y'all spot keen food items, grab them considering on subsequent visits, you may never find them once again.
- Joan Bowen - The Special Culinary Middle
Information technology began as a way to fulfill a daughter's dreams of becoming a chef. Then, information technology became a identify where youths with special needs receive culinary training and a safety surroundings for them to observe their talents.
- Lao Zhong Zhong
It has an accurate South$4 ngoh hiang platter supper. Yous just know a craft beer outlet would nail if they could piece of work together. In the meantime, bring your own lychee beer to go with it.
- Kallang River Waterfront
Under PUB'south Active, Beautiful, Clean Waters programme, the stretch of Kallang River that runs through Potong Pasir has some new features. Bank check out the spanking new sheltered open up plaza that tin can concord 750 people, four picket decks, and three pelting gardens with plants that concur and care for rainwater before discharging it into the river.
This story starting time appeared in 99.co.
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Source: https://cnalifestyle.channelnewsasia.com/entertainment/potong-pasir-gentrification-property-prices-234461
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