Pasir Ris 8 - integrated development at Pasir Ris Central

[wolfenlim]

"Their winning bid is nearly $700 million, which works out to $684.48 per square foot per plot ratio (psf ppr) based on the total gross floor area of 1.02 million sq ft."

Is residential component the most expensive? Need real expert's analysis on this.

In comparison to Sengkang grand which bidded 240psf ppr more... this pasir ris seems over-priced? Location is at the extreme end of SG.. more ulu than sengkang. Inflated breakeven price? The video is uploaded by a famous agent, you all believe entirely? I don't even bother watching.

"A CapitaLand and City Developments Ltd (CDL) tie-up has clinched a commercial and residential site in Sengkang Central. Their winning bid of $777.78 million works out to $923.59 per square foot per plot ratio (psf ppr) for the 99-year leasehold site next to Buangkok MRT Station."

“The Allgreen Properties and Kerry Properties tie-up's unit land price based on a lower gross floor area of 832,480 sq ft, excluding the public facilities, works out to S$840.86 psf ppr, a spokesman for Allgreen said when contacted by The Business Times.”

Developer will definitely use the higher psf ppr to mark up selling price.

Source: https://www.srx.com.sg/singapore-pr...on-pasir-ris-site?utm_medium=TheBusinessTimes

 

[scanner007]

My favorite is D20 - Bishan! Hoping it boost prices in Bishan

Bishan already expensive district. Lol

 

[Passerboy]

Bishan already expensive district. Lol

Ms Hola mention she is willing to pay $1.3m for 4 room newly MOP Bishan Ridge upon completion. RCR big Huat! Once RCR huat then OCR can huat

 

[holasingapura]

Ms Hola mention she is willing to pay $1.3m for 4 room newly MOP Bishan Ridge upon completion. RCR big Huat! Once RCR huat then OCR can huat

I said IF geylang and bishan were going for 1.3m. I will take bishan. The main point was that I find Bishan better than geylang / kallang district.

 

[holasingapura]

“The Allgreen Properties and Kerry Properties tie-up's unit land price based on a lower gross floor area of 832,480 sq ft, excluding the public facilities, works out to S$840.86 psf ppr, a spokesman for Allgreen said when contacted by The Business Times.”

Developer will definitely use the higher psf ppr to mark up selling price.

Source: https://www.srx.com.sg/singapore-pr...on-pasir-ris-site?utm_medium=TheBusinessTimes

We look at overall psf ppr for equal comparison. Sengkang grand's overall psf ppr was $923.59 psf ppr. Pasir ris is $684.48 psf ppr. Even the rate excluding public facilities quoted by Allgreen is lower than Sengkang's $923.59 psf ppr.

Anyway lets enjoy the show and watch rich sinkies contributing more to developers and shareholders' coffers.

 

[Passerboy]

I said IF geylang and bishan were going for 1.3m. I will take bishan. The main point was that I find Bishan better than geylang / kallang district.

Hehe, either way I definitely hope u are right bro!

 

[kpkb]

We look at overall psf ppr for equal comparison. Sengkang grand's overall psf ppr was $923.59 psf ppr. Pasir ris is $684.48 psf ppr. Even the rate excluding public facilities quoted by Allgreen is lower than Sengkang's $923.59 psf ppr.

Anyway lets enjoy the show and watch rich sinkies contributing more to developers and shareholders' coffers.

If developer is not greedy and prices PR8 right, I believe it will sell very well. There are lots of east siders who love the east and there hasn’t been many new launches in the region as compared to the other districts, eg. CCR or D21. If price at $15xx psf, it should be one of the cheapest integrated development.

 

[jeanniechuah8@gmail.com]

Not 3rd July, but 17th July.. booking will be end of July..
Tentative pricing is similar to SGR .. units size will be bigger, hence quantum higher, but psf wise, probably same/a tad lower than SGR

My gosh same price as SGR... tats 1700 / 1800 psf... how can that be... tot they bot the land super cheap.price... they sell high ... so greedy

 

[Passerboy]

My gosh same price as SGR... tats 1700 / 1800 psf... how can that be... tot they bot the land super cheap.price... they sell high ... so greedy

They bought the land cheap but this is an integrated dev, hence there is cost incurred to build the other amenities too, so after taking that into account the breakeven cost becomes higher.

 

[Hippocrates]

My gosh same price as SGR... tats 1700 / 1800 psf... how can that be... tot they bot the land super cheap.price... they sell high ... so greedy

Business is not charity.

When people list an item in Carousell, do they price it as high as it can be sold or they decide to be kinder?

When people sell their flats, do they price them greedily or they decide to be kind to the next buyer?

I respect businesses that can convert all consumer surplus to their gain.

 

[shadow84]

Upcoming Pasir Ris 8 and nearby Pasir Ris One. Hinting of Hotel81 coming soon? Lol

 

[SBC]

is the launch date in June?

 

[sgpropertyblog]

Saw unit size starts from 500sqf and indicative is 7xxk so it should start 1.5xpsf?

those in propertyguru are not accurate pricing.. just to fish for buyers.. dev ady say price starting from $8xxK.. so i reckon psf ard 15xx-16xx psf ?

 

[sgpropertyblog]

Btw, where is Agent Teo See Hwa / Zhang Shi Hua? I am sure he is lurking around this forum too?

yup, look carefully and you will find him here.. lolssss

 

[sgpropertyblog]

We look at overall psf ppr for equal comparison. Sengkang grand's overall psf ppr was $923.59 psf ppr. Pasir ris is $684.48 psf ppr. Even the rate excluding public facilities quoted by Allgreen is lower than Sengkang's $923.59 psf ppr.

Anyway lets enjoy the show and watch rich sinkies contributing more to developers and shareholders' coffers.

this $684 ppr is excluding the commercial and public area

 

[sgpropertyblog]

My gosh same price as SGR... tats 1700 / 1800 psf... how can that be... tot they bot the land super cheap.price... they sell high ... so greedy

yes, their land price is lower than SGR.. but Pasir Ris has got 2 MRT lines vs SGR only purple line.. so the dev put a higher value to it?? businessman ma, can squeeze every penny sure squeeze..

 

[sgpropertyblog]

Pasir Ris 8 Updates!!

-total 487 units
-1 to 4 bedrooms
-1bdrm Flexi 500sf +-
-1 to 2bdrms about 60% of total units
-limited 4bdrms
-price start from $8xx
-3 types of showflat

-Fresh lease start from June/July 2021! tbc
-TOP est 2025
-direct link to integrated transport hub
-sheltered link to MRT
-#B2 direct link to CRL Station (via escalator)
-direct link to Air-Con Bus Interchange
-Polyclinic in Development Area
-Mall are 2x of white sands
-4 levels of retail space (est 35,000 sqm)
-managed by same team for Great World city

Tentative timeline
-17th Jul Sat Preview
-29th Jul Thur eballot
-31st Jul Sat Booking

 

[sgpropertyblog]

Business is not charity.

When people list an item in Carousell, do they price it as high as it can be sold or they decide to be kinder?

When people sell their flats, do they price them greedily or they decide to be kind to the next buyer?

I respect businesses that can convert all consumer surplus to their gain.

thanks man!! if only all buyers can see it this way ..

 

[holasingapura]

yup, look carefully and you will find him here.. lolssss

I wonder who!

 

[holasingapura]

this $684 ppr is excluding the commercial and public area

Sengkang 923 psf ppr also not accounting for public area yet. Developer already said the rate after accounting for public facilities is S$840.86 psf ppr. Still much lower than SKG. Anyway, rich sinkie buyer won't bother about such details. Just launch at $1,800psf and let them buy!