PASIR RIS 8 FLOOR PLAN

Pasir Ris 8 Floor Plan

Why Invest In The 1-Bedroom Unit in Pasir Ris 8?

This is an interesting question.  Pasir Ris is a residential town and known for its recreational venues.  Why would the Pasir Ris 8 developer offer a sizeable proportion of 1-bedroom units in the Pasir Ris 8 Floor Plan?  Let’s track back to the macro picture of the latest Masterplan by URA.  Pasir Ris is an important location connected to many key transformations in the eastern and north-eastern parts of Singapore.  As part of the eastern gateway, Pasir Ris is located close to Changi City and Changi Aviation Park.  Furthermore, it is also well connected to Punggol Digital District in the northeast of Singapore.

In view of Singapore’s vision to be a leading air hub in the region, the government has dedicated significant investment to expand Changi Airport, and the new development spans over 1,080 hectares of land which is about 667 football fields.  This new development will include Changi Airport Terminal 5, a 3-runway system, an underground system, aviation support facilities, and Changi East Industrial Zone. 

When it is completed in the 2030s, the new Terminal 5 is equipped to handle up to 50 million passengers annually and thus creating a significant number of jobs in the eastern part of Singapore.  Taking this into consideration, we may foresee an increase in the expatriate workforce from the aviation sector taking up employment in Singapore.  As such, demand for accommodation near the Aviation Park such as Pasir Ris 8 may increase.  Thus the availability of 1-bedroom units in the Pasir Ris 8 Floor Plan will help to meet the potential demand for rental units from aviation professionals working in the area.

In addition to the Changi Aviation Hub, the other transformation includes the development of a large commercial district, Changi City, which will include the existing Changi Business Park, Singapore University of Technology and Design (SUTD), and 2 new additions, Changi Waterfront District and Changi East Urban District.  It is foreseeable that as economic establishments increase, the corresponding workforce required will also rise. 

Furthermore, the Pasir Ris 8 Location will only be a few minutes of commute to the Changi Aviation Park via the new Cross Island MRT line.  In view of the upcoming economic gateway and comprehensive connectivity in the east, the 1-bedroom units in the Pasir Ris 8 Floor Plan will expect strong demand from the keen investors who are looking for a ready tenant pool and good rental yield.

2-Bedroom Is Popular

Similar to the 1-bedroom layout, it is expected that the 2-bedroom layout will also be very popular with home buyers and investors.  The Pasir Ris 8 Floor Plan features a high proportion of 2-bedroom units as there will be strong demand from young couples, small families, and retirees for compact units.  Given that Changi City and Punggol Digital District are home to many high-growth industries, the demand for housing from many young professionals and young families is expected to increase.  Over the years, the median income for young professionals has been growing steadily.  As such many of them are able to afford a private residence at a younger age, especially in a double income household.  

Another statistic that is on the rise is that many singles are starting to invest in private property at a younger age.  Traditionally, they would have invested in an HDB when they reach the age of 35.  However, with higher earning power, some of them have decided to shorten the wait for an HDB home by going directly into private condominiums.  With this growing trend, there is a rising demand for 2-bedroom units and the Pasir Ris 8 Floor Plan will have many options to meet the needs of the single residents.  

3-Bedroom Is Ideal For Families

Though the majority of the units are 1-bedroom and 2-bedroom units, there are also 3-bedroom layouts available in the Pasir Ris 8 floor plan.  Based on an HDB survey, there are an estimated 110,400 HDB residents in Pasir Ris in 2018.  It is expected that many of these HDB dwellers may desire to upgrade to a private development at some point.  As such, the families who are upgrading from their HDB may look for a 3-bedroom unit which they are accustomed to.  For Pasir Ris, the last private residence was completed in 2018.  As such, it is expected that Pasir Ris 8 Condo will be highly sought after by many of the HDB dwellers.

4-Bedroom Units Are Very Limited

Last but not least, the Pasir Ris 8 Floor Plan also features the 4-bedroom layout which is very generous in terms of living space throughout the house.  The recent Covid lockdown has quickly awakened many families that they need bigger living spaces as everyone is working from home and their children are also confined to home-based learning.  As such, the market has seen many 4-bedroom units being sold out early in the launch.  Due to the pandemic, quite a number of households are able to generate more savings as they are unable to travel overseas. 

Thus, this has motivated those who are able to afford to choose a bigger home.  Undeniably the pandemic has changed our perspectives and the way we live.  Health and family have become a priority to many during these challenging times and we can all agree that this change is for the better.  Come and experience the Pasir Ris 8 Floor Plan first hand by making an appointment to visit the showflat today.