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Pasir Ris 8 (Mixed Development)



A long awaiting Integrated Development Pasir Ris 8 in the East Singapore is finally here after the launch of Bedok Residence in Nov 2011! If you are waiting for another mixed development in the East, there will be none under the URA plan at the moment. Do connect with me for Preview, e-brochure/ pricing or floor plan. You may refer to more info Here (Developer has just scheduled the preview date for the showroom from 10 to 20 Jul 2021) for launch on 24 Jul 2021.

The 487 units of Pasir Ris 8 has very livable space, even the smallest 1-bedroom come in 517 sqft. The largest 4 bedroom premium even has private lift that you only see in the exclusive high end condo. Not surprise as the developer behind is Allgreen Properties, the same developer that just revamped the Great World City Mall in Year 2020. You may like to read on to have more Insight or you watch an overview of Pasir Ris 8 base on the Developer video link: https://www.youtube.com/watch?v=uNSj1kZle30

Key benefits of Pasir Ris 8 new mixed development:-

In addition, Pasir Ris 8 will be served by a 50km Cross Island Line (CIR linked via B2 Escalator) schedule to be ready by Year 2030. So is Pasir Ris 8 worth the buy for Stay or Investment?

Price comparison with near by Integrated Development

Let’s compare the property price with their neighbour mixed Development Bedok Residences and Sengkang Grand launched in Nov 2011 and Nov 2019 respectively. Pasir Ris 8 land was sold at much lower price than Sengkang Grand though the condos nearby Pasir Ris Central is also sold at around $90 psf lower than those in Sengkang/ Buangkok Central recently. However there is an upside of CIL (Cross Island Line) forming an MRT interchange schedule in Year 2030 that has not been factored in (linking Changi Aviation district/T5 and Punggol/ Hougang) that support more jobs and business. This will surely lift the price of Pasir Ris 8 further when the CIL is ready.

So even if the New Pasir Ris 8 is worth the buy, will there be better buy with Outside Central Region (OCR) project in the next 1 year or so? Let’s see the other two new OCRs (awarded but yet to launch) estimated breakeven prices taken from Edgeprop Research for comparison as below:

It is not easy to compare the other 2 OCRs (Outside of Central Region) with Pasir Ris 8 apple to apple. We noted the sites were sold at more than $1800 psf and $2000 psf respectively though the 2 bided land are more central but further from the nearby MRT when ready. So at current market, getting Integrated Development Pasir Ris 8 at around $1700 psf might be a good buy.

There is also a first mover advantage when purchasing new private property during launch. Below the price of Treasure at Tampines where price has generally increased more than $100 psf from July 2019 to Jan-Mar 2021 and we know property prices overall has been increasing for the last 10 years even with many rounds of cooling measures.

Treasure at Tampines selling price
General Price Trending over the last 10 years for condominium property

So is buying a newer condo Pasir Ris 8 at a higher price still a good buy?

It still boils down to what you want and your finance ability & affordability. A newer condo (less than 5 to 6 years old from TOP) definitely provide better capital appreciation and fetch higher rental yield as shown below around pasir ris areas:

Lastly at this period of ultra low interest rate for this foreseeable year 2021, it is a great time to place your hard-earned money in safe growing asset to beat the inflation and low return with the bank. In summary, if you have a need to purchase a property in the East (asset progression through investment or own stay), it is a good time now to act now. It is difficult to time any minor dip as property market in Singapore will still rise over the mid to long term.

Connect with me!

If you need more info of Pasir Ris 8 and reasons why staying or investing in Pasir Ris central is a wise choice, do Connect with me today on the coming launch soon. I will be able to share with you further strategy and issue related to finance/affordability in selecting a unit and size that meet your need.

Do note that due to the pandemics recently, the show room can only accept limited appointment a day. Alternatively if you have any other need of private property in other part of Singapore region, you can drop me your request too.

A long awaiting Integrated Development Pasir Ris 8 in the Eastern Singapore, after the launch of Bedok Residence in Nov 2011! If you are waiting for another mixed or integrated development in the East, there will be none under the URA plan as this point of writing around the East of Singapore except Pasir Ris 8. (keen on e-brochure/pricing or floor plan, you may request for info immediately via https://pasir-ris-central-91464351.propnex.net. Developer has just scheduled the preview date for the showroom from 10 Jul 2021 Sat.)

To know more about the Pasir Ris 8, you may like to read on to have more Insight by continuing reading or you could have an overview of Pasir Ris base on the Developer video below: https://drive.google.com/file/d/1Mk6GU2Y6ZsuB272p-9sOF6v_KMkBCSog/view?usp=sharing

The key benefits of Pasir Ris 8 new mixed development:-

  1. Condo within a new Integrated Transport Hub in Pasir Ris that is linked to current White Sand mall
  2. Served by a 50km Cross Island Line in which stage 1 is schedule to be operational by Year 2030
  3. Walking distance to Pasir Ris beach/ park, Sport Hub and Hawker Centre.
  4. Two mins short drive to Oversea Family School (International) and Downtown East.
  5. Close to Changi Business Park, Tampines Regional Centre and Changi Aviation Sector/ Airport
  6. Brand new housing with newer facility (less maintenance issue) and design compare to resale condo

So is Pasir Ris 8 worth the buy for Stay or Investment? We did a check on the property price around the area and compare also with the neighbour Integrated Development Bedok Residence and Sengkang Grand that was launched in Nov 2011 and Nov 2019 respectively. Pasir Ris 8 land was bided at much lower price than Sengkang Grand though the condos nearby Pasir Ris Central is also sold at around $90 psf lower than those in Sengkang/ Buangkok Central recently. However there is an upside of CIL (Cross Island Line) on top of East-West MRT line to be ready in Year 2030 that has not been factored in (linking to Changi Aviation district) when the aviation market recovers few years later. This will surely lift the price of Pasir Ris 8 further when the CIL is ready.

So even if a new integrated development is worth the buy, will there be better buy with Outside Central Region (OCR) project in the next 1 year or so? Let’s see the other two new OCRs (awarded but yet to launch) estimated breakeven prices taken from Edgeprop Research for comparison as below:

It is not easy to compare the three condo apple to apple but will expect the Tanah Merah and Ang Mo Kio Ave 1 (more central but further from the nearby MRT among the three condo when ready) sites to be launched more than $1800 psf and $2000 psf respectively. So getting Integrated Development Pasir Ris 8 at around $1680 psf might be a good purchase in the near future.

There is also a first mover advantage when purchasing new private property during launch. Below the price of Treasure at Tampines where price has generally increased more than $100 psf from July 2019 to Jan-Mar 2021 and we know property prices overall has been increasing for the last 10 years even with many rounds of cooling measures.

So is buying a newer condo at a higher price still a good buy? It still boil down to what you want and your finance ability and affordability. A newer condo (less than 5 to 6 years old from TOP) definitely provide better capital appreciation and fetch higher rental yield as shown below around pasir ris areas:

Rental Around Pasir Ris Central

Last buy not least at this period of ultra low interest rate for this foreseeable year 2021, it is a great time to place your hard-earned money in safe growing asset to beat the inflation and low return with the bank. In summary, if you have a need to purchase a property in the East (asset progression through investment or own stay), it is a good time now to act if you are still waiting. It is difficult to time any minor dip as property market in Singapore will still rise over the mid to long term. If you need more info of Pasir Ris 8 and reasons why staying or investing in Pasir Ris central is a wise choice, do connect with me today on the coming launch soon at https://forms.gle/GDUQRxAwfNQU7Wz48. I will be able to share with you further strategy and issue related to finance/affordability in selecting a unit and size that meet your need.

Do note that due to the pandemics recently, the show room can only accept limited appointment a day. Alternatively if you have any other need of private property in other part of Singapore region, you can drop me your request too.

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