Pasir Ris 8

Pasir Ris 8 Residences is an upcoming 99-years leasehold integrated mixed-use development condo in Pasir Ris.

The first integrated development to be launched in the East since 10 years ago, Pasir Ris 8 will yield around 600 units of private residential.

It is served by Pasir Ris MRT Station at its doorstep.

Pasir Ris 8 will feature a bus interchange, polyclinic, town plaza, and a shopping mall twice the size of White Sands.

In addition, the site is a massive land parcel bigger than 400,000 sqft, about 6.5 the size of football fields which is slightly larger than Sengkang Grand Residences.

Pasir Ris 8 is brought to you by a joint venture between Allgreen Properties and Kerry Properties.

Both companies are part of Kuok Group, owned by the tycoon Robert Kuok.

Okay, let me show you a list of their completed projects in Singapore:

In short, I would use the word “Veteran” to describe them.

Pasir Ris 8 condo is right beside Pasir Ris MRT station.

Accessibility

Pasir Ris residents can get to Raffles Place in 30 minutes using the East-West MRT Line. Just like a main vein of Singapore, it is the most essential MRT line to cover majority of the workplaces.

In addition, the upcoming Cross Island Line (2029) will link Pasir Ris to Hougang (3 stops), Ang Mo Kio (6 stops) and Bright Hill (8 stops).

Besides that, the TPE, PIE and KPE is close to Pasir Ris, giving residents very quick access to that and other areas of the island.

Amenities nearby

Shopping:

• White Sands
• Elias Malls
• Changi City Points
• Tampines Mall
• Jewel Changi

Schools:

• Hai Sing Catholic School
• Loyang Primary School
• Elias Park Primary School

Recreation:

• Downtown East
• Pasir Ris Town Park
• Pasir Ris Sports CTR
• Aranda Country Club

Future Development nearby (Exit Strategy)

Pasir Ris will become the MRT interchange when the upcoming Cross Island Line to be completed in 2029.

This will link Pasir Ris to Hougang (in 3 stops), Ang Mo Kio (6 stops), and Bright Hill (8 stops).

I think this new MRT line will serve as a great exit strategy for investors.

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How much would be the selling price?

The Allgreen Properties and Kerry Properties tie-up’s unit land price based on a lower gross floor area of 832,480 sq ft, excluding the public facilities, works out to S$840.86 psf ppr, a spokesman for Allgreen said when contacted by The Business Times.

With that, I think the breakeven cost plus 15% profit margin would price Pasir Ris 8 condo around $1,580psf.

The Master Plan of Pasir Ris

Need some vitamin ‘Sea’ to escape the bustling city life? Look forward to a new elevated cycling and pedestrian path that will connect the revitalised Pasir Ris Town Centre to Pasir Ris Park and beach seamlessly.

New plans for a new mixed-use development at the town centre, upgraded neighbourhood facilities, and more community spaces and greenery with better connectivity around Pasir Ris!

Let’s Review and Comment is Pasir Ris 8 condo a Good Buy?