Pasir Ris 8 unofficial "guide price"

[shadow84]

Updates: out of 418 transacted shown, below are the only few units transacted at > 1795 pfs

Date	Unit	SQFT	PFS	Amount
26-Jul-21​	16 PASIR RIS DRIVE 8 #06-46​	1,055​	1,820​	1,920,000​
24-Jul-21​	18 PASIR RIS DRIVE 8 #05-50​	1,023​	1,850​	1,892,000​
24-Jul-21​	20 PASIR RIS DRIVE 8 #09-65​	721​	2,084​	1,503,000​
24-Jul-21​	20 PASIR RIS DRIVE 8 #08-65​	721​	2,084​	1,503,000​
24-Jul-21​	20 PASIR RIS DRIVE 8 #10-65​	721​	1,815​	1,309,000​
24-Jul-21​	10 PASIR RIS DRIVE 8 #04-16​	1,066​	1,797​	1,915,000​

Lvl 10 cheaper than lvl 8 & 9? lol

 

[zaclee]

Level 10 the early lucky bird.

$1.5mil for 2b in East. $1.6mil for 2b in and near CBD. Similar size. Similar floors. Similar LH. Still very interesting.

 

[Passerboy]

Level 10 the early lucky bird.

$1.5mil for 2b in East. $1.6mil for 2b in and near CBD. Similar size. Similar floors. Similar LH. Still very interesting.

Is ur $1.6m Landmark.. think I saw a Zac property on social media comparing these two projects. Indeed interesting.

 

[scanner007]

Is ur $1.6m Landmark.. think I saw a Zac property on social media comparing these two projects. Indeed interesting.

Level 10 the early lucky bird.

$1.5mil for 2b in East. $1.6mil for 2b in and near CBD. Similar size. Similar floors. Similar LH. Still very interesting.

What's the conclusion? LOL

 

[zaclee]

Is ur $1.6m Landmark.. think I saw a Zac property on social media comparing these two projects. Indeed interesting.

Haha.. there are a couple of options in or near CBD, and yup, Landmark being one.

Hence I was just trying to reconcile.. if 3Br or 4Br, more for own stay I can understand better. But 2Br are likely investment / rental purpose, so just interesting to understand different perspectives. They might have Intel or tips we don’t know

 

[Passerboy]

What's the conclusion? LOL

The conclusion is there are die hard Pasir Ris fans, and that the comparison is flawed, cos he used the most expensive 2bedder unit transacted at Pasir Ris 8 ($20xxpsf) to compare w (I believe) the cheaper leftover 2bedder unit at Landmark ($21xxpsf).

majority of the units at Pasir Ris 8 transacted below $1795psf as shown by someone earlier.

 

[NiShiZhu]

The conclusion is there are die hard Pasir Ris fans, and that the comparison is flawed, cos he used the most expensive 2bedder unit transacted at Pasir Ris 8 ($20xxpsf) to compare w (I believe) the cheaper leftover 2bedder unit at Landmark ($21xxpsf).

majority of the units at Pasir Ris 8 transacted below $1795psf as shown by someone earlier.

The comparison betw LM and PR8 is not flawed, it is the judgement of the PR8 buyer at 20xxpsf that is flawed.

 

[Passerboy]

The comparison betw LM and PR8 is not flawed, it is the judgement of the PR8 buyer at 20xxpsf that is flawed.

Both ways I think. But I feel we are over exaggerating the two transactions that are above $20xxpsf when majority of the transactions are below $1795psf. So a better comparison would be to take the average psf of both projects to compare.

We can also compare the buyers who got Landmark at $19xxpsf (like a lucky bro here) vs those who got Pasir Ris 8 at $20xxpsf and conclude that those are pretty insane but those are just the outliers.

 

[NiShiZhu]

Both ways I think. But I feel we are over exaggerating the two transactions that are above $20xxpsf when majority of the transactions are below $1795psf. So a better comparison would be to take the average psf of both projects to compare.

Well, the more we need to exaggerate. Because agents and developers have been using them as case studies and excuses to increase price for other projects.

 

[Passerboy]

Well, we need to exaggerate. Because agents and developers have been using them as case studies and excuses to increase price for other projects.

Haha maybe. Somehow I think Watergardens got the tactic wrong. They should have state indicative price $16xxpsf, and then later launch at $14xxpsf, the buying interest would be very high. Cos buyers mindset had been accustomed to the higher expected price.

 

[NiShiZhu]

Haha maybe. Somehow I think Watergardens got the tactic wrong. They should have state indicative price $16xxpsf, and then later launch at $14xxpsf, the buying interest would be very high. Cos buyers mindset had been accustomed to the higher expected price.

I’m still pretty positive some WG units (not those big big units) got chance to launch at 13xxpsf. Though not many
Just my hunch.

 

[Passerboy]

I’m still pretty positive some WG units (not those big big units) got chance to launch at 13xxpsf. Though not many
Just my hunch.

Yeah but still need to be lucky enough to pick up one of those units. Two more weeks, would be interesting to see the take up rate for this one.

 

[arctician]

Lvl 10 cheaper than lvl 8 & 9? lol

in my opinion all level 8,9 and 10 buyers paid reckless pricing, i assume 10th floor is sold 6pm, 9th floor 8pm, 8th floor 10pm by manipulating fear, otherwise no developer will set the same price for different floor level.

i usually avoid newest launch in area with record psf, and also the most expensive units with psf above 50th percentile.

this is classic example of entering a good project with a bad price vs entering a bad project with a good price, lets see if PR8 at 2k or Midwood at 1.5k will generate higher returns 3y later.

 

[CaptainSGP]

in my opinion all level 8,9 and 10 buyers paid reckless pricing, i assume 10th floor is sold 6pm, 9th floor 8pm, 8th floor 10pm by manipulating fear, otherwise no developer will set the same price for different floor level.

i usually avoid newest launch in area with record psf, and also the most expensive units with psf above 50th percentile.

this is classic example of entering a good project with a bad price vs entering a bad project with a good price, lets see if PR8 at 2k or Midwood at 1.5k will generate higher returns 3y later.

My bet will be on Midwood at 1500psf outperforming PR8 at 2000psf 3 years later. Imo entry price is more impt.
What’s yours ?

 

[arctician]

My bet will be on Midwood at 1500psf outperforming PR8 at 2000psf 3 years later. Imo entry price is more impt.
What’s yours ?

profit is made at point of purchase not point of sale

 

[Passerboy]

My bet will be on Midwood at 1500psf outperforming PR8 at 2000psf 3 years later. Imo entry price is more impt.
What’s yours ?

Bro got to stop emphasising the outliers there are only 2 transactions at PR8 at $2000psf and handful at $15xxpsf. until more transactions at $20xxpsf that should not be the norm, in fact latest transacted units are all ard $16-17xxpsf too.

Comparing both Midwood and PR8 at $15xxpsf of cos PR8 is better and likelier chance of profit since it’s an integrated development and no many ard, plus it’s lease is from 2021 (brand new).

 

[arctician]

Bro got to stop emphasising the outliers there are only 2 transactions at PR8 at $2000psf and handful at $15xxpsf. until more transactions at $20xxpsf that should not be the norm, in fact latest transacted units are all ard $16-17xxpsf too.

Comparing both Midwood and PR8 at $15xxpsf of cos PR8 is better and likelier o

valid point, though i am referring to the PR8 buyers at L8,9 and 10 only.

 

[Afro69]

Agree, PR8 has Family friendly amenities and Pri schools within 1km, whilst Midwood appeal to childless families… former has larger pool resale buyers

 

[1993newbie]

Agree, PR8 has Family friendly amenities and Pri schools within 1km, whilst Midwood appeal to childless families… former has larger pool resale buyers

Err actually PR8 has only 1 primary school within 1KM which is Elias Park Primary school. Think Casuarina and parkview primary is slightly out of the range. Midwood has only 1 primary school within 1Km which is CHIJ our lady queen of peace. While Dairy Farm has another primary school within range, Bukit Panjang Primary school.

 

[wetdreamx]

No more stocks Liao