Overview Rating
Pasir Ris 8 is an impressive mixed development with many exciting features and amenities. While it is sold under leasehold tenure, its prime location next to the MRT station and upcoming Cross Island Line will make it very convenient for residents. With reasonable pricing and good resale potential, it would be worth considering investing in this condo project.
Tenure
Pasir Ris 8 is sold under leasehold tenure of 99 years wef. 05 July 2021. While this is a common tenure for condos in Singapore, it does mean that owners will not have ownership of the land which can be a concern for some buyers.
Amenities
The Pasir Ris 8 condo project is located right next to the Pasir Ris MRT station, making it very accessible to public transportation. It is also within walking distance of several schools, including Elias Park Primary School and Coral Secondary School. There are many nearby shopping malls, such as White Sands and Downtown East, which have a variety of retail shops, supermarkets, and food options.
Future Development
According to the URA Master Plan, there are plans for future developments such as an integrated transport hub and a new town plaza in Pasir Ris. This can have a positive impact on property values in the area over time.
Sale PSF Price
The sale PSF price for Pasir Ris 8 is highly competitive compared to other projects around Singapore at $1,635 PSF as of May 2023 (based on their official website). It falls below the average PSF prices for condos in the Rest of Central Region (RCR) and Core Central Region (CCR), but above the average PSF prices for condos in the Outside Central Region (OCR).
Resale Potential
With its prime location near various amenities and transportation hubs like Pasir Ris MRT Station and upcoming Cross Island MRT Line, Pasir Ris 8 has good resale potential. The presence of nearby developments like Changi Airport and Changi Business Park add further value.
Rental Yield
Pasir Ris has always been an attractive rental location due to its convenient location near Changi Airport, business parks and transport links such as the TPE expressway. With a wide range of floor plans and amenities, Pasir Ris 8 has the potential to attract a wide range of tenants, giving it a high potential rental yield.
Pasir Ris 8 is an mixed development located at Pasir Ris Drive 8 in Singapore. Developed by Phoenix Residential Pte. Ltd., a joint venture between Allgreen Properties Limited and Kerry Properties, the development consists of seven blocks of 10 and 11 storey towers with a total of 487 residential units. The development offers a range of amenities, including a lap pool, children’s pool, club lounge, co-working lounge, gym, party room, kid’s club, adventure pool and various garden pavilions and green landscaping.
Location:
One of Pasir Ris 8’s biggest advantages is its location right next to the Pasir Ris MRT station which offers seamless connectivity to the rest of Singapore with the upcoming Cross-Island MRT Line making Pasir Ris a key interchange. Major expressways such as TPE, PIE, KPE and ECP are also easily accessible for those who prefer to drive. Other amenities in close proximity include retail shops, eateries, grocery stores, childcare centers and healthcare facilities like polyclinics. Pasir Ris Beach is also just minutes away from the development offering recreational activities.
Units:
Pasir Ris 8 offers a wide range of floor plans catering to individuals, couples and families of all sizes from flexible one-bedroom units (517 sqft) to spacious four-bedroom suites with a guest room (1,550 sqft). The development promises premium fittings and finishes that meet discerning standards.
Price:
Pasir Ris 8 price point is highly attractive relative to its features, amenities and location. Based on current market conditions and comparable properties in the area it offers competitive pricing in the market.
Conclusion:
Pasir Ris 8 stands out for its excellent location with easy access to public transportation and various amenities while still maintaining close proximity to nature. The development offers practical and functional unit layouts with premium finishes at an attractive price point. Overall, Pasir Ris 8 represents a good investment opportunity and is recommended for those seeking convenience, accessibility and quality living.
