There will be an upcoming residential condo for sale right beside Pasir Ris MRT in the first half of 2020.
The upcoming condo on this site will have a commercial component, meaning there will be some retail shops on the first floor.
In any case, Pasir Ris MRT is right at the condo’s doorstep, and White Sands Mall is flanking the MRT.
This means there would be extreme convenience for residents in this condo.
The google street view below shows how close the condo will be to the MRT and White Sands Mall.
If you want even more amenities, Tampines MRT is just one stop down from Pasir Ris.
You’ll find 3 malls here, namely Century Square, Tampines Mall and Tampines 1.
Pasir Ris Park
Known to many as being in the far east or “ulu” part of Singapore, Pasir Ris’ image has changed in the last few years.
Pasir Ris park has been spruced up by the government.
Charming and tranquil, Pasir Ris Park is a great place for families to have a fun day out. Aside from modern park activities such as pony rides, water sports, cycling, inline skating and barbeque rental, it also features a carefully preserved six-hectare mangrove forest.
With multiple trails and a Mangrove Boardwalk, visitors can explore the beauty of the mangrove forest and get close to its inhabitants.
The three-storey Bird Watching Tower located within the mangrove forest allows bird enthusiasts to observe birds in their natural surroundings.
Families can also have hours of fun at the playground, one of the largest in Singapore.
Downtown East Mall, Chalet, Wild Wild Wet and more
In addition to White Sands Mall, downtown East is a popular place to residents in the area to patronize.
The entire area consists of Aranda Country Club, E!Hub, E!avenue, Mainstree, Wild Wild Wet play area and D’Resort @ Downtown East.
Weekends here would pass very quickly with all these facilities and entertainment options!
Some photos of the resort are as follows.
Major tenants in Downtown East include Cathay Cineplexes, Swensens, Starbucks, Melben Seafood Restaurant, Uniqlo etc.
Pasir Ris Sports Centre
For sports lovers, Pasir Ris Sports Centre is 2-3 mins walk from Pasir Ris MRT and the condo.
The sports centre has facilities such as badminon courts, tennis courts, swimming pool, kids water features, gym and various eateries.
Rentability due to proximity to Changi Airport
Given the proximity of Pasir Ris to Changi Airport, there is likely to be a pool of potential renters in the form of air-crew and pilots.
Given the multiple airlines that call at Changi Airport, and multiple pilots and air-crew per plane, there is likely to be some base demand for rental units.
Demand would be from not just Singaporeans but also foreign air-crew.
Pricing and rental trends in the area
The closest condos in the area include Coco Palms, NV Residences, The Palette and D’Nest on the Western side of Pasir Ris MRT, where the condo will be located.
The Eastern side of Pasir Ris includes comparable condos such as Sea Esta, Watercolours, Ripple Bay and Seastrand. These condos are further from the MRT station of about 2-3 bus stops.
Residents of Coco Palms have all been reselling their properties for a profit since it was bought. The highest profit amounts to $431k, for a 1,378 sqft unit!
The same trend is seen in D’Nest, with the highest profit amounting to S$387k.
There were a total of 130 profitable transactions and ONLY 3 unprofitable transactions.
The market in the area has risen in general, resulting in the uplift in prices across all these properties.
The condo at Pasir Ris Central 1 will be even closer to the MRT station than the condos above, and it is likely that demand for such a unit will be robust in the resale market.
Whether you are buying for your own stay, to rent out, or to flip after a few years, the condo is likely to tick most of your boxes.
Majority of rental transactions done have been for 1 and 2 bedroom units in both Coco Palms and D’Nest.
There were a few 3 bedroom being rented but these were few and far.
Coco Palms rents have been transacting at approx 1800 to 2000 for 1 bedroom units, between 2200 to 2400 for 2 bedroom units, and about 2700 to 3400 for 3 bedroom units.
D’Nest rents have been transacting at approximately 1700 to 1900 for 1 bedroom units, 2000 to 2400 for 2 bedroom units and 2400 to 3100 for 3 bedroom units.
The Kuok Group real estate arm in Singapore is Allgreen Properties Limited. Incorporated in 1986, Allgreen was listed on the Singapore Stock Exchange in May 1999 and was then majority owned by the Kuok group. It was delisted in August 2011 from the Singapore Stock Exchange following its compulsory acquisition by Brookvale Investments Pte Ltd (which is itself part of the Kuok group of companies).
Today, Allgreen is one of the largest property groups in Singapore reputed for its quality products and track record of strong take-up rate for its projects.
As at 31 December 2014, the Allgreen group has 35 subsidiaries and 13 associated companies. Although Allgreen began operations in 1986, the history and track record of Allgreen’s property-related businesses can be traced back to the times when it started as a division of Kuok (Singapore) Limited in early 1980.
In Singapore, Allgreen has a diversified portfolio of properties comprising residential, retail and office space, serviced apartments and a hotel. Allgreen’s portfolio of development properties consists of a mix of condominiums, terrace and semi-detached units. These properties are on freehold and 99-year leasehold tenures.
Allgreen purchases land from private parties and participates in land tenders called by the Government to selectively and continuously maintain a landbank. Allgreen has also entered into various joint ventures to participate in the development of mixed projects in Shanghai, Tianjin, Chengdu, Qinhuangdao, Shenyang and Tangshan in the People’s Republic of China. These PRC projects comprise a mix of residential developments, commercial, offices, serviced apartments and hotels.
In line with its strategy to expand regionally, it has also acquired a prime site in District 2, Ho Chi Minh City, Vietnam to develop a condominium project and another site in Vung Tau City, Vietnam for a mixed development. As one of the largest property groups in Singapore, Allgreen Properties has a balanced quality portfolio of residential and commercial properties which caters to a wide spectrum of homebuyers’ needs and budgets.
Allgreen is engaged in project management through its wholly-owned subsidiary, Leo Property Management Pte Ltd (“LPM”). LPM provides support services primarily for properties developed by the group. In project management, LPM’s role includes concept planning, advising on design development, calling and awarding of tenders for construction work, supervising and monitoring construction, budgets and progress payments. LPM’s capabilities include development of residential, retail, hotel and serviced apartments projects. Allgreen’s investment property portfolio comprises Great World City, Tanglin Mall and Tanglin Place.
The wholly-owned flagship Great World City is one of Singapore’s largest integrated property development at approximately 1.06 million square feet lettable area and comprises two 18-storey office towers connected by a 4-storey podium, a 3-storey retail mall with 3 basements and 304 serviced apartments, Great World Serviced Apartments, one of Singapore’s largest serviced apartment complex with comprehensive facilities and amenities.
The Great World City retail mall enjoys high occupancy and strong rentals attributable to strong tenant relations, continued high maintenance of the mall and customer-friendly initiatives. The serviced apartments and office space similarly achieve high occupancy levels and have shown strong profit growth due to their key location and convenient facilities.
Tanglin Mall and Tanglin Place are owned through a 55.4% stake in Cuscaden Properties Pte Ltd. Cuscaden Properties Pte Ltd also owns Hotel Jen Tanglin Singapore (a 565-room hotel near Orchard Road).
Tanglin Mall is a 3-storey shopping complex with 4 basements of approximately 146,000 square feet lettable area located in the prime District 10, whereas Tanglin Place is a 4-storey commercial complex of 34,000 square feet lettable area, all of which are located near bustling Orchard Road.
The property investment and hotel portfolio provides a stable source of recurring income and strengthen Allgreen’s earning base. Shangri-La Hotel Ltd, the wholly-owned subsidiary of Shangri-La Asia Ltd owns 44.6% of Cuscaden Properties Pte Ltd.
Some of Allgreen’s current projects include Fourth Avenue Residences, Juniper Hill and Royalgreen.
Their past projects include both mass and luxury condos such as Amber Point, Changi Green, Suites at Orchard, Cairnhill Residences, The Shaughnessy, Tiara and Yong An park among many others.
Kerry Properties Limited (“Kerry Properties”), incorporated in Bermuda with limited liability, was listed on The Stock Exchange of Hong Kong Limited (Stock code 683) in 1996.
Subsidiaries of Kerry Properties (which together with Kerry Properties referred to as the “Group”) have been involved in property investment and development activities in Hong Kong since 1978.
As a world-class property company with significant investments in Mainland China and Hong Kong, Kerry Properties is also selected as a constituent stock in the Hang Seng Composite Index, Hang Seng Composite LargeCap Index, Hang Seng Composite Industry Index (Properties & Construction), Hang Seng Corporate Sustainability Index, Hang Seng (Mainland and HK) Corporate Sustainability Index and Hang Seng Corporate Sustainability Benchmark Index.
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