The Andrew Residences is a 99-years leasehold condo located at Upper Serangoon Road/Meyappa Chettiar Road in the Potong Pasir area. With expected completion in 2018, it comprises of TBA towers with 685 units and stands TBA storeys tall. It is situated right beside Potong Pasir MRT Station. Future residents will be able to access the nearby City Square Mall as well as many of the eateries in Aljunied and Upper Serangoon Road. Many of the amenities are just a short drive away for some family fun and gatherings. A truly unique lifestyle awaits you.
The Andrew Residences has full and unique facilities, which includes a guard house, clubhouse, function Room & Indoor Gym tennis court, 50m swimming pool, BBQ pits and children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Potong Pasir.
The Andrew Residences Potong Pasir
Several buses are available near Upper Serangoon Road as well as Jalan Toa Payoh. Andrew Residences is also near to many shopping centers and restaurants. Andrew Residences is also to many of the eateries in Joo Seng, Aljunied as well as Upper Serangoon Road. Also, it is a short drive away to the entertainment outlets in the city. Entertainment for your loved ones and friends are therefore at your fingertips with the full condo facilities as well as the amenities near Andrew Residences.
Macpherson Mall consists of 57 shops & 29 restaurants and the range of amenities will provide residents of Andrew Residences Condo a nice weekend gathering. There are also hotel facilities for staycation.
Mr. Lim further asked whether or not more funds would need to be put aside by the government in order for them to purchase back a few of these 2 room Flexi flats, given that Singapore’s senior population continues to grow and more of these apartments will be sold. He said that this should not be a problem in most cases if the government were to set up a budget for this type of expense ahead of time. Otherwise, this is something that could end up being a future burden placed on the taxpayers. Another consultant pointed out that, should this scheme be highly subscribed, those buyers 4 to 5 years from now who are collecting their keys will need to release any property they currently own into the resale market. He believes that this will end up putting pressure on existing resale prices for HDB flats. HDB stated that, close to 300,000 of the 1 million HDB units are owned by those citizens who are 55 years old or more. Of this, 80% of these units have been fully paid up. However, the rate of monetisation has been low. Since 1998, when the Studio Apartment scheme was first brought in, 8,000 Potong Pasir Andrew Residences studio apartments were completed with 4,000 waiting to be built. When the Housing & Development Board resumed construction 2 room flats back in 2006, 12,500 2 room apartments have been launched under Built-To-Order exercises. Out of this, close to 8,600 units had been under constriction as of July’s end. In March, Khaw Boon Wan, the National Development Minister, made mention of the 2 room Flexi scheme in mcc land Andrew Residences condo. Then in June he hinted around the raising of the income ceiling of $12,000 for ECs and $, for HDB flats. There are high expectations in the market that, during Sunday’s National Day Rally Speech, Prime Minister Lee Hsien Loong will speak on the topic of the income ceiling.
The Andrew Residences will be accessible with Potong Pasir MRT Station. Andrew Residences is also near to Oxyley Bizhub, Toa Payoh Golf Range as well as the eateries in St’s Geroge and Boon Keng.
To meet the demands for a growing population in the city fringe area, the government has announced plans to build new BTO estates near Potong Pasir MRT Station as well as Woodleigh MRT Station.
This will mean more amenities for Andrew Residences owners.
The Andrew Residences is also near elite schools such as St Andrew’s Junior School, St Andrew’s Junior College as well as Standford American International School.
For vehicle owners, it takes less than 10minutes to drive from Potong Pasir to the business hub and vibrant Orchard Road shopping district, via Central Expressway (CTE) and Pan Island Expressway (PIE).