PASIR RIS 8 UINIT MIX
Pasir Ris 8 Unit Mix
Pasir Ris 8 Unit Mix
Located in the heart of the picturesque Pasir Ris Town, surrounded by parks and the sea, Pasir Ris 8 is the new integrated development that offers a wonderful blend of residential, commercial, transport hub, and recreational facilities, all incorporated under one roof. The Pasir Ris 8 Unit Mix offers 4 main types of configurations from 1-bedroom to 4-bedroom layouts to meet the varying needs of home buyers and investors.
Pasir Ris, known for its sandy beaches and resort atmosphere, is a well sought-after location as it offers beautiful natural surroundings and comprehensive amenities to residents. Pasir Ris 8 Price is an attractive development for families as there are many mature HDB flats in the neighborhood and many young couples and families would like to live close to their parents. Furthermore, the availability of schools and well-established transport network are also appealing factors that draw families here. As such, the Pasir Ris 8 Unit Mix has a very high proportion of compact units suitable for young couples who are buying their first private property.
Based on the latest Masterplan by URA, the eastern part of Singapore is undergoing a major transformation to be a prominent economic gateway for the nation. With the progress of the Masterplan, residents can look forward to being able to live, work and play at Pasir Ris.
The very first occupants moved into their HDB flats at Pasir Ris around 1988. Since then, it has been about 33 years and the children who moved into the estate would likely be adults getting married or starting their own families now. In view of the population of the second generation working adults, approximately 19% of the 487 units of the Pasir Ris 8 Unit Mix comprises the 1-bedroom layout which is ideal for single residents or a couple.
Besides young couples, many retirees are also looking to “right-size” from their existing family residences to smaller units. Many elderly couples who use to own larger homes such as 3-bedroom or 4-bedroom apartments or even a landed house are looking for a small place to spend their retirement. Firstly, a smaller home would mean less housework and simpler to manage without the need for a live-in helper.
In addition, the convenience of having comprehensive amenities such as a shopping mall, polyclinic, and transport hub right below the residence is extremely appealing. Most retirees treasure the convenience of a transport hub as they do not intend to drive or travel long distances for their daily essentials and healthcare. As such, the 1-bedroom layout in the Pasir Ris 8 Unit Mix is an ideal home for retirees.
Also, buyers purchasing for their own stay, the 1-bedroom units in the Pasir Ris 8 Unit Mix are also very popular with investors who are looking for rental income. With the transformation at Changi City and Changi Aviation Park, there will be a significant number of jobs being created in the east. As such, there will be a ready tenant pool looking for accommodation close to these 2 commercial clusters.
The 1 bedder at Pasir Ris 8 Floor Plan is expected to command good rental income due to the convenience of having both the mall and the transport hub integrated within the development. With the 1 bedder layout, investors with a limited budget can have the opportunity to invest in integrated development and enjoy a healthy rental yield.
Besides seasoned investors, there is an increasing interest from younger investors who are looking to grow their wealth through property investment. One of the key drivers is the growing income level that enables the young to aspire to invest in property. In the earlier decade, most young people would consider buying an HDB as their first property. Private residences would usually be the next property when they upgrade from HDB. However, consumer needs are changing.
More and more people are enjoying financial independence at a younger age. As such, to cater to this growing segment, developers are offering units that are affordable for first-time investors who are starting their investment journey with small budgets. Consequently, the Pasir Ris 8 Unit Mix which consists mainly of compact units, offers potential investors and home buyers a golden opportunity to own a limited integrated development property in Singapore.
A significant proportion, which is approximately 45%, of the Pasir Ris 8 Unit Mix is 2-bedroom units which offer 2 major types of layout namely the 2 bedders with 1 bathroom and the larger units that include 2 bathrooms. With an aging population and declining birth rates, the average family size in Singapore is becoming smaller. As such the 2-bedroom units are becoming very popular with young couples, small families, retirees, and even single residents.
The 2 bedder layouts in the Pasir Ris 8 Unit Mix offer different options to home buyers to enable them to select the layout that best meets their needs and budget. Though compact, every layout provides a spacious and functional living environment with every inch of space well utilized. The layout of the unit is well thought through to ensure there is a good distribution of space for every essential function in the home. Furthermore, the balcony space offers the opportunity for homeowners to be creative in how they can utilize it as a study, a dining room, or even an extended living area.
Another popular configuration in the Pasir Ris 8 Unit Mix is the 3-bedroom layout. The 3-bedroom is an ideal choice for larger families or families with growing children who need their own space. The 3 bedders in Pasir Ris 8 which make up close to 30% of the total unit mix are well priced for the space, functionality, and convenience that the development provides. With larger families, factors such as connectivity and convenience become even more critical. With school-going children, parents have to ensure their children are able to get to school easily with the availability of buses and MRT.
In addition, as both parents may be working, they have little time to spend grocery shopping or attend to household errands. With the shopping mall, polyclinic, and other amenities right below the development, it will go a long way to relieve the stress from working parents.
Lastly, the 4-bedroom layouts make up close to 6% of the Pasir Ris 8 Unit Mix these limited units will be sought after by larger families. The 4-bedroom unit in this integrated development is well designed to provide maximum comfort for the family with its spacious living environment throughout the unit. This is an ideal choice for families with many children or multi-generation families living together.