Pasir Ris has seen some significant changes in recent years. You can expect massive development in Pasir Ris, from the Pasir Ris URA Master Plan to the East Coast Plan.
Pasir Ris is located east of Singapore and offers many reasons to love living there.
There are very few integrated development projects in Singapore. Only 13 integrated developments are built in Singapore. In general, integrated condo developments in Singapore offer a profitable price increase. 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. There will be 487 units with 1-5 bedrooms in the residential area as well as the commercial development. If you choose the right unit, there might be a chance to have a panoramic view of the beach or the sea. Following are the reasons why you should buy a Pasir Ris 8
Proximity
In Pasir Ris, the Cross Island line is still under construction. 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. This may lead buyers to wonder if Pasir Ris MRT Station is too noisy for their stay. Think again. Would the Singapore government, or LTA, design the station in this 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 gives the development more potential for future success!
Pasir Ris 8 is also near to Changi Airport, Changi Business Park, GIANT, COURTS and IKEA MEGASTORE. It will take you only 15 minutes to get to the airport. You could also take the train.
In addition to the potential for higher capital appreciation, there will also be a higher rental yield. The Changi Business Park, home to many tech talent, will offer a high rental yield over the years. This provides excellent downside stability.
North Park Residence is an example. It was built in 2018, and sits on top Northpoint City. Both studio and 2-bedroom units are regularly rented. EdgeProp data shows that North Park Residences' average monthly rental rate is $3.6 per square foot. This is 20% more than the $2.9-$3.1 per square foot of the three other condominiums in the Yishun region, Nine Residences and The Wisteria. Symphony Suites, however, is a mixed-use development.
Foreigners are eligible
Singapore is known for being a friendly country, with over 40% of its citizens being foreigners. Singapore is a country with the highest racial harmony. Singapore is a great place to live for foreigners. But, foreigners are not allowed to purchase all property.
However, condominiums that meet the requirements of Singapore's regulations for foreign ownership are possible. A good upcoming new launch is the Pasir Ris 8 integrated condominium. Foreigners can purchase a unit in this development. The 20% ABSD does not apply to the purchase of the unit in the development. For more information you may contact our developer representative: Contact Us
Low cost
We can see that most, if not all, of the units are very profitable from previous integrated developments in Singapore. I recently chance upon a detailed comparison at AsiaOne website that shows Singapore major integrated development after 5 years.
The article shows that integrated development has a higher price than normal condominium units. An average integrated development tent is 30% more expensive than a unit in the same area. This makes Pasir Ris 8 price seems undervalued.
For example, a condominium unit located just a few minutes from Pasir Ris 8, costs around 1,200psf. Pasir Ris 8 is therefore fairly priced at 1,600psf. We have not yet taken into account the distance between Pasir Ris MRT and Pasir Rins 8, which is significantly further than Pasir Rais 8. This shows that Pasir Ris 8, has a greater potential for capital appreciation.
There are many amenities around.
Being a mature estate, Pasir Ris 8 has all necessary amenities around. Pasir Ris 8, which is a mature estate, can rest assured that every necessity can be found.
The first floor houses retail with integrated bus interchange, a polyclinic entrance, and mindef pudo. There is also a central greenway for designers. The basement of the mall offers retail shopping and an underground link to MRT cross-island line. You will find the residential unit on the fourth floor, with a drop-off point for residents at the third story. Residents of Pasir Ris will enjoy maximum privacy.
Just across the street is Pasir Ris, a sports hub that allows residents to play with other residents in their community. Pasir Ris sports center has a variety of tuitions centres for you to choose from. It is also right next to a food court where you will find famous Pasir Ris hawkers. You will have endless options for food. These amenities are an asset to the area as they allow residents to save time and have more fun.
You can also find famous schools in the area like Pasir Ris primary, Hai Sing Catholic secondary and Tampine Meridian Junior college. These schools offer a better environment for families with children who are searching for schools in the area.
Beach and Sea
The estate has a national park and relaxation facilities, which is one of the best features in this area. Pasir Ris has one of the most beautiful parks in Singapore. Pasir Ris has all the amenities you need for a fun day with your family. There is also plenty of open space where locals can enjoy a range of outdoor activities.
It is a very exciting and varied area for residents, which makes it a great place to live. Pasir Ris is a green and beautiful housing estate 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. There are many activities available, including water sports, sketching, sailing, soccer, kite flying and even kite flying. Here, you can have a barbecue with your friends or family.
It is also home to a 6-hectare mangrove forest. Visitors can be captivated by the forest's beauty and get close to its inhabitants in a variety of ways. Bird watchers will also appreciate the ability to scratch the birds. Its beach or sea view is a great place to relax. You can find fishing enthusiasts all around Pasir Ris Park, where you have great opportunities to fish.
Paranormal views of the beach and sea can be obtained by buyers who choose Pasir Ris 8. This will however require a special selection of units.
Key Attributes for Pasir Ris Condo 8
A short recap to some of the key attributes that appeals to investors and homeowners who have intention to invest in Pasir Ris 8.
It is eligible for foreigner purchases as it is a condominium situation
Residents will appreciate the convenience of integrated development
Nearby are many amenities such as shopping malls, polyclinics, polyclinics, P Parks, Beaches, and Seaside.
Strategically located above Improved Integrated Transport hub
Potentiality for capital appreciation
Conclusion
We love the close proximity to many amenities and its low cost. 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. It is also a great investment because of the potential rental yield and proximity to a business district. You will feel like you live in paradise when you return home, thanks to the relaxed lifestyle Pasir Ris offers. This will allow you to relax after a hard 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.
Comments