In recent years, Pasir Ris is undergoing some serious changes. From Pasir Ris URA master plan to the East Coast Plan, you can expect huge development undergoing in Pasir Ris.
Located at the east of Singapore, there is a whole bunch of reason to like living in Pasir Ris.
Integrated development in Singapore are far and few. As only 13 integrated development is built. Overall in general, price gain for integrated development condo in Singapore are profitable. That makes the upcoming Pasir Ris 8 Integrated development the best condo choice of 2021! It is located next to Pasir Ris MRT station, that is going to connect with Pasir Ris bus interchange and a 6-story retail mall with polyclinic. The residential area and commercial development will include 487 units that comprise 1 to 5 bedrooms. There might be a possibility of a panorama view of the beach and the sea if you select the right unit. Following are the reasons why you should buy a Pasir Ris 8
Proximity
The ongoing Cross Island line is currently under development in Pasir Ris. Residence of Pasir Ris 8 can await a development with multiple MRT lines that provides great convenience to the rest of Singapore. Furthermore, Pasir Ris 8 is situated just beside Pasir Ris MRT station. Buyers may at this point wonder will Pasir Ris MRT station be too noisy for our stay? Will, think again, would the Singapore government or LTA design the station in such a way? Answer: no. As the cross-island line in Pasir Ris will be directly underground connecting the shopping malls directly below Pasir Ris 8. This make the development even more potential for future gain!
Pasir Ris 8 is also near to Changi Airport, Changi Business Park, GIANT, COURTS and IKEA MEGASTORE. Getting to the airport will only be a short 15 min car ride. Or you could just take the train there.
Apart from the possibility of higher capital appreciation, accompanying that will be a higher degree of rental yield. Changi Business Park where lots of tech talents are will provide extremely great rental yield for years to come. This provide very good downside stability.
Take North Park Residence for example, it was completed in 2018 which sits on top of Northpoint City, which was formerly Northpoint Shopping Centre. Studio and 2 bed-room unit are constantly rented out. According to EdgeProp data, the average monthly rental rate at North Park Residences is $3.6 psf, which is a 20% premium over the $2.9 to $3.1 psf of the other three condominiums in the Yishun area, two of which are mixed-use developments, namely Nine Residences and The Wisteria, and the third project, Symphony Suites.
Eligibility for foreigners
Singapore is a foreigner’s friendly county with up to 40% of its residents being foreigners. On top of that, Singapore is one of the world most racial harmony country. This makes Singapore a very suitable place to live in for foreigners. However, not all property is allowed to foreigners for purchase.
That being said, some condominium that satisfy the regulation requirement in Singapore for foreigners’ ownership is possible. A good upcoming new launch is the Pasir Ris 8 integrated condominium. Any foreigners are allowed to purchase the unit in the development. However, do not that ABSD of 20% do applies. For more information you may contact our developer representative: Contact Us
Low Cost
From previous integrated development in Singapore, we can see most if not all of the unit are extremely profitable. I recently chance upon a detailed comparison at AsiaOne website that shows Singapore major integrated development after 5 years.
As can be seen in the article, integrated development is holding a premium price over normal condominium unit. A typical integrated development tents to be 30% higher in price in comparison to unit around the area. This makes Pasir Ris 8 price seems undervalued.
A condominium unit that is a few mins away from Pasir Ris 8 for example, cost about 1,200psf. This makes Pasir Ris 8 to be fairly valued at 1,600psf. Be warn, we have yet to account the comparison unit distance to Pasir Ris MRT itself which is much further than Pasir Ris 8. This show that Pasir Ris 8 possess a higher potential upside in capital appreciation.
Amenities around
Being a mature estate, Pasir Ris 8 has all necessary amenities around. From a supermarket to polyclinic, residence of Pasir Ris 8 can rest assure that all necessity can be found.
In the first story, Retail with through block link, integrated bus interchange, polyclinic entrance and mindef pudo along with a designer central green way can be found. Basement of the mall include retail shopping when you can get all your retail therapy and a underground link way to MRT cross island line. The residential unit is only from the 4th story onwards along with a residential drop off point at the 3rd story. This will give maximum privacy for residents of Pasir Ris 8.
Close by just across the street, the Pasir Ris sports hub where resident can go for some sports with residents outside their condominium development like tennis, table tennis and badminton. The plus point to Pasir Ris sports hub is the various tuitions centre for you to choose. And just right beside it is a food court that famous hawkers around Pasir Ris resides. This can ensure you endless food choice. These important amenities are a plus point to the area for residence as they will have the ability to cut down on the time of traveling that enables them to get fun and enjoyed by some more good quality of life.
Famous schools around the area can also be found like Hai Sing Catholic Secondary, Pasir Ris primary and Tampines Meridian Junior college. These offers better environment for families that have kids who are looking for schools nearby.
Beach and Sea
One of the most fascinating features of this area is the national park and relaxing facilities that can be seen in the estate. With one of the largest parks in Singapore, Pasir Ris is an ideal development for nature lovers. Pasir Ris is well-equipped with amenities for a family day out and plenty of open space for locals to participate in a variety of activities while enjoying their time outside.
This proves very thrilling and interesting for residence which gives them a versatile living experience. Pasir Ris is one of the best greenest housing estates town that is located in Singapore. Just a short walk of 8 minutes from Pasir Ris 8 condo , the Pasir Ris beach park is around the corner presenting a charming and fantastic place for families that wants to have fun outdoor. Some of the activities that can be seen there are water sports, cycling, soccer, kite flying, chalets and sketching. People can also do barbeque here with friends and families.
There is also a six-hectare mangrove forest present near it. There are various ways that visitors can get fascinated by the beauty of the forest and have a chance to getting close by its inhabitants. There is also a plus point for bird watchers that have the facility to wretch the birds. In short, its beach or sea view presents a very relaxing environment. Fishing lovers can also be seen all around Pasir Ris Park where it presents good opportunity to fish.
Buyers who are interested to have a paranormal view of the sea and beach can consider Pasir Ris 8 as the top most level might have a possibility to obtain that view. However, that will require special selection of units.
Key Attributes of Pasir Ris 8 Condo
A short recap to some of the key attributes that appeals to investors and homeowners who have intention to invest in Pasir Ris 8.
Eligible for foreigner purchase as it is a condominium status
Integrated development that give great convenience to residents
Close proximity to various amenities like sports hub, shopping mall, polyclinic, P Park, Beach and Sea
Strategically located above Improved Integrated Transport hub
High Potential for Capital Appreciation
Conclusion
The close proximity to various amenities is extremely desirable and its low cost is also a very plus point for us. With such good qualities all in one in a development along with a price that is yet to be fully appreciated, this makes Pasir Ris 8 an extremely good investment for stay and for capital appreciation. Also, due to the nearby business district, potential rental yield makes it a even better purchase. Finally, along with the merits of a chill back lifestyle that Pasir Ris offers, it will seem like you are in a resort lifestyle when returning back home. Giving you the opportunity to unwind yourself after a long day at work.
Lastly if you are interested to purchase a unit or view one of our units, do feel free to contact our developer sales representative.
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