Pasir Ris 8 Price

Land Location Successful Sale Price Per SQ Per Plot Ratio GFA
Pasir Ris Drive 3 / Pasir Ris Drive 8 / Pasir Ris Central $699,999,999.99 /
Awarded on 22 March 2019
$684.48 psf 95,010 sqm

Transacted Price of Nearby Pasir Ris Properties

Nearby Newe EC Around Pasir Ris 8 At District 18 Highest Transacted Selling Price (PSF) For Past 12 Months Completion
CASA AL MARE $1,640 Under Construction
COCO PALMS $1,411 2018
D’NEST $1,342 2017
THE PALETTE $1,261 2015
RIPPLE BAY $1,235 2015
NV RESIDENCES $1,192 2013

Comparing Pasir Ris 8 with it’s nearby developments, Palette, D’nest and Coco Palms. In view of the 10 years longer lease and its brand new status, adding 15% premium for integrated projects, I would consider $1,500-1,600psf as reasonable price to invest into Pasir Ris 8. The recent integrated development at Buangkok, i.e. Sengkang Grand Residences had hit above $1,700psf last year.

If the developer could price the 2-bed in between $1M-1.2M, the response should be good.

Pasir Ris 8 Estimate Indicative / Launch Price

PSF$
A) Land Cost $684
B) Construction Cost (estimate) $350
C) Profit Margin + Other Expenses (30% x [A+B] ) $310
Estimate Launch Price (SUBJECTED TO CHANGES) (FOR EDUCATION PURPOSES, NOT FINAL SELLING PRICE) $1,344

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