Pasir Ris 8, A Paradise Of Conveniences

February 26, 2021

Pasir Ris 8, formerly known as Ryse Residences, is an upcoming new launch located along Pasir Ris Drive in District 18. Developed by Phoenix Residential Pte. Ltd. and Phoenix Commercial Pte. Ltd, the condo is situated within Pasir Ris, a bustling town in the eastern part of Singapore.

The 99-years lease mixed development project will consist of 8 towers with an expected 487 residential units within 409,071 sq ft land. With a total floor area of 1,022,679 sq ft, the development will feature the largest commercial space in Pasir Ris. Besides that, Pasir Ris 8 will also be the only integrated development in the East Region of Singapore connected to an MRT station, a bus interchange and the upcoming Cross Island MRT line. The expected TOP date for the development will be at the end of 2025.

The team behind the project is Phoenix Residential Pte. Ltd. and Phoenix Commercial Pte. Ltd, which is a joint venture between Allgreen Properties Limited and Kerry Properties Limited. Incorporated in February 2018, the companies managed to outbid two other developers for Pasir Ris 8’s land parcel.

WHAT MAKES PASIR RIS 8 AN IDEAL HOME?

Located inside District 18, Pasir Ris 8 is set to become one of Singapore’s most sought-after properties, thanks to the available amenities. Pasir Ris and the nearby Tampines are popular residential enclaves with convenient access to public transportation, schools, shopping options, and public parks. These facilities are reachable within a few minutes’ walk or a short drive on a car, sparing residents the trouble of having to travel far from their home.

On top of that, District 18 is under URA’s Master Plan for the East Region. That means the neighbourhood will experience enhanced accessibility and mobility, more leisure and recreation spaces, and improved job and business opportunities. This is good news for both investors and individuals looking for their dream home since it will make Pasir Ris 8 more desirable for everyone.

PASIR RIS 8 HAS UNBEATABLE ACCESSIBILITY AND CONNECTIVITY
Source: Kang123 via Wikimedia

Residents of Pasir Ris 8 will have no problem accessing public transportation since there are several options in the area. For instance, Pasir Ris MRT Station is located right next to the development, which only takes under 5 minutes to walk there on foot. The MRT station is on the East West Line and the upcoming Cross Island Line, providing unparalleled public transportation connectivity to the neighbourhood’s residents.

Aside from that, Pasir Ris Bus Interchange is also adjacent to Pasir Ris MRT Station, while several bus stops can be found along Pasir Ris Drive 8 and Pasir Ris Drive 1. Thanks to these bus stops and bus interchange, residents can easily hop onto the bus and go around the nearby places.

For vehicle users, Pasir Ris 8 is in the vicinity of several major roads and expressways for ease of movement within the neighbourhood and the surrounding areas. These include Pasir Ris Drive 3, Loyang Avenue, Tampines Expressway (TPE), and Pan Island Expressway (PIE).

PASIR RIS 8 IS CLOSE TO SCHOOLS AND LEARNING INSTITUTIONS
Source: Meridian Secondary School

Parents that want the best education for their kids will love living in Pasir Ris 8 as it is close to plenty of reputable learning institutions. The neighbourhood is inside a popular residential estate. That means parents will have an extensive selection of schools, ranging from preschools to secondary, that they can pick from. Here are some of them:

1. MY World @Pasir Ris (500m)

2. Little Preschool @ White Sands (550m)

3. Elias Park Primary School (500m)

4. Park View Primary School (1.3km)

5. Casuarina Primary School (1.3km)

6. Pasir Ris Primary School (1.8km)

7. Meridian Primary School (1.9km)

8. North Tampines Primary School (2.0km)

9. White Sands Primary School (2.3km)

10. Meridian Secondary School (650m)

11. Hai Sing Catholic School (1km)

12. Pasir Ris Crest Secondary School (1.7km)

13. Overseas Family School (1.6km)

14. PCF Sparkletots Preschool (2km)

15. Odyssey – The Global Preschool (2.2km)

PASIR RIS 8 HAS PLENTY OF SHOPPING MALLS CLOSE BY
Source: Matteo Morando via Wikimedia

In addition to the commercial space within the development, Pasir Ris 8 residents will have plenty of shopping and entertainment options as malls are easily reachable from the condo. Since the neighbourhood is surrounded by some of Singapore’s most popular residential enclaves, it is incredibly convenient for the residents to get their daily needs from the nearby shopping outlets. Here are some of them:

1. White Sands Shopping Centre

Located 6 minutes’ walk away from the condo, White Sands Shopping Centre also offers top-notch accessibility as Pasir Ris MRT Station is just next to it. Here, shoppers can treat themselves to the finest dining, beauty products, sporting utilities, books, and other essential needs.

2. Downtown East

Located about 3 minutes away by car from Pasir Ris 8, Downtown East is an entertainment hub boasting a luxurious leisure and recreation environment for families and youths. Unique amenities are available here, such as a waterpark, a bowling alley, shops, and restaurants.

3. Elias Mall

Elias Mall is only 4 minutes’ drive away from Pasir Ris 8, featuring amenities such as beauty salons, supermarket, eateries, and a 24-hour elite fitness centre, perfect for a quick shopping run or a leisure family day out.

4. Pasir Ris West Plaza

Located 5 minutes away by car, Pasir Ris West Plaza is quite famous among the public thanks to its available amenities, such as supermarkets, food courts, hairdressers, massage areas, entertainment outlets, novelty stores, and much more.

5. Jewel Changi Airport

Jewel Changi Airport features first-class facilities with its mixture of lush indoor gardens, luxurious dining options, a hotel, attractions, and all-inclusive amenities, allowing for a satisfying shopping experience for the public and airport transit passengers. It is conveniently reachable from Pasir Ris 8 via the MRT along the East West Line or via car.

6. Tampines shopping mall cluster

Tampines Mall, Tampines 1, and Century Square form a cluster of shopping malls located about a 5-minute walking distance from Tampines MRT Station. These three shopping malls provide a large selection of retail stores, fashion and beauty outlets, restaurants and dining options, and other amenities.

7. Our Tampines Hub

Our Tampines Hub is the largest integrated community and lifestyle hub. Situated within a 5-minute walk from the Tampines MRT Station, it offers a wide array of facilities and services, including retail shops, F&B outlets, a Public Services Centre, a stadium, and a swimming complex.

PASIR RIS 8 IS SURROUNDED BY BEAUTIFUL PARKS
Source: cattan2011 via Flickr

One of the great things about living at Pasir Ris 8 is how close the development is to nature parks. Vibrant greenscapes are just a few minutes away, allowing the residents a short respite away from the hustle and bustle of the city and reconnect with nature. They are also perfect for families that want to spend quality time together on weekends. Here are some of the parks near Pasir Ris 8:

1. Pasir Ris Town Park

The park offers serene greenery to its visitors while they enjoy the plethora of communal facilities, including a fitness corner and a children’s playground. Besides that, there is also a marine pond within the park frequented by avid anglers. Located just within 3-6 minutes of walking from the condo, Pasir Ris Town Park is the perfect place for a family day out.

2. Pasir Ris Park

Stretching across 70 hectares north of Pasir Ris 8, the beach park is suitable for nature enthusiasts and those looking for a place to wind down during the weekends. Pasir Ris Park is a 7-minute walk away from the development, and it offers plenty of facilities for cycling, water sports, and barbecue. Besides that, the park also features a mangrove forest with a boardwalk and a bird-watching tower.

3. Tampines Eco Green

A boundless nature sanctuary of flora and fauna, Tampines Eco Green is perfect for recreational activities. Nature-lovers can enjoy strolling, cycling, and hiking around the park, while avid bird-watchers can visit and spot the various bird species there. Tampines Eco Green is about 9 minutes away from Pasir Ris 8 by car, or a short walk away from the nearby Tampines MRT Station.

4. Sun Plaza Park

Sun Plaza Park features easy reachability as the Tampines MRT Station is only within 10 minutes’ walk. Visitors can relax in tranquillity as lush greenery with various trees and plants surrounds the park. There is also a woodball course and beach ball court within the park for sport-lovers, and an amphitheatre for gatherings and outdoor concerts.

5. Changi Beach Park

Located at the northern tip of Changi, the coastal park is one of the country’s oldest. Changi Beach Park spans 28 hectares, featuring a traditional kampong ambience that was carefully preserved while still allowing for modern amenities to be built surrounding it. The park is the perfect weekend leisure spot for families to have picnics and barbecues.

6. Bedok Reservoir Park

Accessible via car or the MRT on the Downtown Line, Bedok Reservoir Park is perfect for recreational activities, such as water sports and jogging.

7. East Coast Park

East Coast Park is Singapore’s largest park, with a land area of 185 hectares. It features plenty of facilities, allowing visitors to indulge in cycling, watersports, beach volleyball, cable skiing and much more. Located along Singapore’s southeastern coast, the park is a 16-minute drive from Pasir Ris 8, offering families an excellent place to relax and spend time together.  

PASIR RIS 8 HAS INCREDIBLE FOOD SELECTIONS
Source: Shekar brother

Food lovers living at Pasir Ris 8 will have no problem satisfying their craving as there are plenty of eateries near the development. On top of the restaurants inside the nearby shopping malls, several other outlets within the condo’s vicinity also offer delicious treats for their patrons.

The nearest spot for local delicacies is the Pasir Ris Central Hawker Centre. Located within the nearby Pasir Ris Town Park, the hawker centre is 5 minutes away from the condo on foot. It has a “dual dining concept”, accommodating both traditional hawker stall varieties and hipster food selections, all under one roof. It has everything that fits the taste of people of all ages, making them the perfect spot to bring families and friends for a leisurely meal.

Not too far away from the development is Pasir Ris Park, which also has several food options for visitors to plop down and enjoy their meal while surrounded by the lush greenery. Some of the options that visitors can go to are Georges @ The Cove, Rasa Istimewa Restaurant @ Pasir Ris, and Bistro Neigh.

Those who are willing to travel farther can also visit Tampines Round Market & Food Centre at Tampines Street 11, Changi Village Hawker Centre near the Changi Beach Park, and Bedok 85 Market near the Bedok Reservoir Park.

PASIR RIS 8 IS A 99-YEARS LEASEHOLD PROPERTY

99-years leasehold development projects offer attractive advantages to both buyers seeking an own-stay purchase and individuals interested in investing.

99-Years Leasehold Properties are in High Demand

With boutique freehold projects making up the majority of new developments these days, especially in traditionally prime districts like District 9, 10, and 11, a 99-Years Leasehold new development’s lower quantum price of at least 15-20% of a Freehold property in the same area creates an attractive value and high demand for interested buyers.  

Not only is the 99-Years Leaseholds a great option to avoid “freehold premium” and hefty luxury furnishings price tag from developers, but it’s affordable prices also allows buyers to have a reasonable outlay on their property purchase. This certainly makes a difference for upgrading buyers, with the inclusion of ABSD (Additional Buyer Stamp Duties) since 2018, where 12% of a property’s price has to be paid upfront first even if the buyer has plans to sell their current property.  

99-Years Leasehold offers Great Value for Property Investment

Compared to its freehold neighbours, the 99-Years Leasehold projects also hold excellent potential for capital appreciation, since a higher volume of transactions is expected in Leaseholds than in Freeholds, which are generally regarded for legacy building and passing down through generations. Other factors, such as initiatives outlined in the URA Master Plan for that particular district, can also influence the property’s appreciation value.  

Investment buyers wishing to rent out their property will also enjoy expected higher rental yields for the 99-Years Leaseholds in prime districts. This is because the leasehold’s combination of prime district addresses and excellent property amenities allows them to demand more competitive rental rates than the freehold properties while making less upfront capital commitment.

PASIR RIS 8 DEVELOPER BACKGROUND

Pasir Ris 8 is developed by Phoenix Residential Pte Ltd and Phoenix Commercial Pte Ltd. Both of them are owned by the joint venture between Allgreen Properties Limited and Kerry Properties Limited, which are part of the Kuok Group.

Allgreen Properties Limited

Source: Kuok Group

Allgreen Properties Limited is one of the leading property development companies in Singapore. Officially established in 1986, the company is the real estate arm of the Kuok Group that started as a division of the group in early 1980. Now, Allgreen is one of the country’s biggest property groups with 35 subsidiaries and 13 associated companies under it.

Over the years, Allgreen has been involved in numerous projects, both locally and overseas. The company has a diverse portfolio in commercial and residential properties in Singapore, all renowned for their quality and workmanship. At the same time, they have expanded their services to other parts of the world, including China and Vietnam, and participate in various residential, commercial, office, and hotel development projects. Thanks to their expertise and years of experience in the industry, they have been awarded several accolades, including the BCA Quality Excellence Award from 2013 to 2019, Singapore Property Award, and FIABCI World Prix d’Excellence Award.

Allgreen’s portfolio includes Kentview Park, RV Residences, Holland Residences, Springdale, and the upcoming Fourth Avenue Residences, Juniper Hill, and Royalgreen.

Kerry Properties Limited

Source: Kuok Group

Kerry Properties Limited is a leading properties investment and development company founded in 1978, holding a significant investment in China and Hong Kong. As part of the Kuok Group, they have successfully delivered premium property development projects with outstanding quality in some of the most prime locations in the Asia-Pacific region.

After several decades in the property industry, they have achieved numerous awards for their work, including Asian Excellence Award, Hong Kong Green Awards, Sustainable Business Award, Top Ten Developers for BCI Asia Awards, Top 100 Commercial Property Developers, and Top 100 Chinese Real Estate Companies.

Kerry Properties has a diverse portfolio that extends over commercial and residential properties across the Asia-Pacific region, including China, Hong Kong, the Philippines, and Sri Lanka. Together with Allgreen Properties Limited, the upcoming Pasir Ris 8 will be its first foray into property development in Singapore.

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Click HERE to view Pasir Ris 8’s development listing details now!

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