Type

Units

Min Area

Price Range

4 BR

2454 sqft

S$3.2M

Property Highlights

Condo development with 2 units currently available.
Prices currently start from S$3.2M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$640K on this acquisition.
Located 16 min (1.32 km) from CP1 Pasir Ris MRT Station.

Price Trends & Rental Yield

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Oasis @ Elias: Premium Condominium Living in Pasir Ris

Oasis @ Elias stands as a contemporary residential development situated at 66 Elias Road, a location that combines suburban tranquillity with urban convenience. The development occupies a strategic position within Pasir Ris, one of Singapore's most established and sought-after residential districts on the eastern fringe of the island. This condominium offers discerning buyers access to a neighbourhood characterised by mature infrastructure, strong community amenities, and reliable capital appreciation trends.

The development's proximity to Pasir Ris MRT Station (CP1) represents a significant draw for commuters and investors alike. Located approximately 16 minutes' walk away—equivalent to just 1.32 kilometres—the station provides seamless connectivity to the Circle Line, enabling rapid transit to Marina Bay, the Dhoby Ghaut area, and outlying regions. This accessibility supports both daily commuting patterns and long-term asset value, as developments within walking distance of mass rapid transit historically command premium pricing and sustain stronger rental demand.

Unit Layouts and Living Space

The development features generously proportioned units, with available configurations offering substantial square footage suitable for families seeking room to grow and invest-minded purchasers targeting premium rental returns. The floor plans incorporate modern design principles, with multiple bedrooms, bathrooms, and living areas that reflect contemporary preferences for open-plan entertaining and dedicated private quarters. Such space efficiency appeals particularly to upgraders transitioning from smaller units and high-net-worth individuals prioritising comfort over density.

The variety of unit types within the development ensures that prospective buyers can select configurations aligned with their household composition and long-term plans. Whether purchasing as a primary residence or as part of a diversified investment portfolio, the range of options accommodates different buyer profiles and financial parameters.

Location and Connectivity Advantages

Pasir Ris has evolved into a mature, well-serviced residential hub offering the balance many Singapore families seek. The district hosts quality educational institutions, shopping facilities at Pasir Ris Central and nearby malls, and generous green spaces including the Pasir Ris Park and coastal areas. Elias Road itself connects smoothly to major arterial roads, facilitating access to both eastern and central zones of the island.

For investors, the MRT proximity and established neighbourhood character translate into reliable tenant demand. The Circle Line serves business hubs, financial districts, and entertainment precincts, making Pasir Ris a logical choice for working professionals and expatriates seeking accessible accommodation. This demographic depth supports sustained rental occupancy rates and competitive yield potential.

Investment and Financing Considerations

Prospective purchasers should evaluate Oasis @ Elias within the context of Pasir Ris market dynamics and broader eastern corridor trends. The development represents mid-to-premium pricing for the district, positioning it for buyers with substantial financial capacity or those seeking to upgrade into larger, more amenity-rich spaces. For investors acquiring a second residential property, understanding the implications of Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% for Singapore Citizens is essential, as this adds materially to total acquisition costs.

Financing typically proceeds through mortgage facilities offered by major Singapore banks. Purchasers should calculate their Total Debt Service Ratio (TDSR) headroom carefully, ensuring that mortgage commitments remain within the 55% threshold and allow flexibility for other financial obligations. At typical price points for this development, professional advice on loan structures and cash-flow planning is prudent.

Market Positioning and Competitive Context

Within the broader Pasir Ris market, Oasis @ Elias competes alongside other established and newly launched residential schemes. The development's facilities, location, and unit configurations position it as an option for buyers seeking quality without the premium pricing of central-area developments. Compared to older estates, the modern construction standards and contemporary amenity offerings provide tangible value proposition, whilst the established neighbourhood character mitigates the risk profile often associated with launch-phase developments in emerging zones.

The eastern corridor has demonstrated consistent appreciation over multi-year cycles, underpinned by sustained demand from families, working professionals, and investor cohorts. This historical pattern suggests that properties in well-located Pasir Ris addresses retain value and generate positive growth trajectories over typical holding periods of five to ten years.

Rental Income Potential

For investor-purchasers, the development's spacious units and MRT accessibility create conditions for competitive rental yields. The Pasir Ris precinct attracts expatriate families, young professionals, and tenants seeking affordable yet quality accommodation east of the central zone. Rental market data for comparable units in the district indicates achievable monthly rates that support gross yields ranging across market-competitive bands, though individual unit performance varies by specific floor level, orientation, and perceived unit quality.

The establishment of Pasir Ris as a secondary rental hub—attracting tenants who might otherwise occupy central-area flats at significantly higher costs—provides a structural advantage for landlords. This tenant base exhibits reasonable retention rates and demonstrates willingness to commit to longer lease periods, supporting income stability.

Future District Development and Infrastructure

The Pasir Ris area continues to benefit from planning authority initiatives aimed at enhancing residential amenities and transport infrastructure. Any future additions to the transport network or new recreational facilities in the precinct would further strengthen the investment case for properties in established locations like Elias Road. Prospective buyers should monitor district development plans to assess whether upcoming projects might introduce competitive supply or enhance neighbourhood desirability.

Oasis @ Elias represents a mature residential investment suited to buyers who prioritise accessibility, spacious living environments, and participation in a well-established neighbourhood. The combination of MRT connectivity, proven demand dynamics, and contemporary facility offerings makes the development a credible consideration for both owner-occupiers and investment-focused purchasers.

Frequently Asked Questions

What rental yield can I expect if I purchase a unit at Oasis @ Elias as an investment property?

Rental yields for properties in the Pasir Ris area typically range between 3% and 4.5% gross yield, depending on unit configuration, floor level, and individual tenant demand cycles. At Oasis @ Elias, the proximity to Pasir Ris MRT and the established residential character of the district support consistent tenant interest from expatriates, young professionals, and families seeking accessible accommodation east of the central business area. Historical data for comparable units in the precinct indicates that well-maintained units achieve monthly rental rates commensurate with these yield expectations, although individual performance hinges on specific unit location within the development, maintenance standards, and broader economic conditions affecting tenant demand. Investors should model cash flows conservatively and account for maintenance, property tax, and management costs when assessing net returns.

How does per-square-foot pricing at Oasis @ Elias compare to recent sales in the Pasir Ris area?

Per-square-foot pricing for Pasir Ris condominium units has historically ranged between approximately S$1,300 and S$1,800 per sqft, with variation reflecting age of building, proximity to amenities, and unit condition. Oasis @ Elias, as a modern development with contemporary facilities and MRT accessibility, typically commands pricing toward the mid-to-upper range for the district, reflecting its newer construction standards and established landlord base. Recent transactional data from comparable developments in Pasir Ris demonstrates that units with excellent MRT proximity and modern finishes sustain per-sqft values within the range this development commands. When assessing value, purchasers should compare not only absolute per-sqft rates but also quality-adjusted factors including amenity provision, parking arrangements, and maintenance cost trajectories. Price appreciation in Pasir Ris has historically tracked broader eastern corridor trends, with properties showing steady capital growth over multi-year holding periods.

What is the Additional Buyer's Stamp Duty (ABSD) impact if I buy a second residential property at this development as a Singapore Citizen?

Singapore Citizens purchasing a second residential property are subject to Additional Buyer's Stamp Duty (ABSD) at the current rate of 20% on the purchase price, applied in addition to standard Buyer's Stamp Duty and all other acquisition costs. For a purchase at typical Oasis @ Elias price points, this represents a substantial component of total acquisition outlay—for example, a purchase at S$3.2 million would incur approximately S$640,000 in ABSD alone. This duty significantly impacts total cash requirement and internal rate of return calculations for investment properties; purchasers must factor it into their financial planning alongside legal fees, loan origination costs, and initial maintenance reserves. Tax-efficient structures such as staggered purchasing timelines or corporate entity acquisition may offer alternatives in some circumstances, and professional tax and legal advice is strongly recommended before commitment. The ABSD regime has remained stable at the 20% rate for Singapore Citizens' second residential properties, so this cost should be treated as a fixed, non-negotiable component of acquisition economics.

What are the lease decay implications if I purchase this property? How will resale value be affected as the lease shortens?

Oasis @ Elias is a modern condominium developed on land held under a standard Singapore leasehold tenure; the specific lease length determines long-term value trajectory. Properties in Singapore operate under 99-year, 999-year, or Freehold structures, with 99-year leases experiencing gradual value erosion as the lease term contracts—particularly pronounced once the lease drops below 80 years. Buyers should confirm the exact lease tenure at purchase; a 99-year lease commencing at a recent development date (e.g., 2020) would remain above 90 years for the next 15-20 years, minimising near-term decay risk, but would require lease renewal consideration in the 2080s onwards. Resale value becomes increasingly sensitive to lease length in the final 30 years of a lease term, when refinancing becomes problematic and buyer pools shrink materially. For investors with a 10-20 year holding horizon at Oasis @ Elias, lease decay is typically not a primary concern; however, purchasers should incorporate lease remaining into their valuation models and understand whether lease extension or renewal protocols exist under the development's registered land tenure. Consulting conveyancing professionals on lease security is prudent before commitment.

How does proximity to Pasir Ris MRT (CP1) enhance property demand and capital appreciation for this development?

Proximity to mass rapid transit represents one of the most consistent value drivers in Singapore's residential property market, with properties within a 10-15 minute walk of MRT stations consistently commanding premium pricing and sustaining stronger demand cycles than non-MRT-proximate alternatives. Oasis @ Elias, positioned just 16 minutes' walk from Pasir Ris MRT on the Circle Line, benefits from this structural advantage, as the station provides direct connectivity to Marina Bay, Dhoby Ghaut, and key business districts without requiring transfer or multi-modal transport. This accessibility appeals particularly to commuting professionals, families managing school runs and work patterns, and investor-purchasers seeking broad tenant appeal. Historical analysis of MRT-proximate developments in Pasir Ris demonstrates that properties within walking distance of the station have demonstrated 3-5% annualised appreciation over typical 10-year cycles, outpacing non-MRT properties by meaningful margins. The Circle Line's role as a major interchange hub further reinforces long-term demand, as improving transport infrastructure and CBD densification trends typically support sustained MRT-proximate asset values. Prospective purchasers can reasonably expect that MRT proximity will remain a demand pillar throughout their holding period.

Is Oasis @ Elias suitable for first-time property buyers, upgraders, HNW investors, and owner-occupiers alike?

Oasis @ Elias addresses multiple buyer profiles through its range of unit configurations and pricing structure, though suitability varies by individual financial capacity and investment objectives. First-time buyers seeking larger properties or those stepping up from HDB apartments may find units here accessible if combined with co-purchase arrangements or extended family financing; however, absolute price points typically exceed first-time buyer budgets unless substantial savings or family contributions are available. Upgraders—individuals transitioning from smaller condominiums or from HDB properties—represent a natural target demographic, as the spacious unit configurations, modern finishes, and established neighbourhood appeal strongly to families seeking enhanced living space and amenity provision. High-net-worth (HNW) investor-occupiers appreciate the MRT accessibility, contemporary facilities, and investment-grade characteristics; for such purchasers, the development offers professional-standard property management, transparent market pricing, and liquidity typically superior to boutique or emerging-area developments. Owner-occupiers seeking primary residence status benefit from the mature neighbourhood character, school proximity, and cost-of-living advantages relative to more central Pasir Ris locations. Investors—both local and international—view the development as a mid-market opportunity with reasonable entry costs and established rental demand. The broad demographic appeal reflects the development's positioning as a mainstream residential offering rather than a super-luxury or entry-level niche product.

What TDSR and financing headroom considerations apply at typical Oasis @ Elias price points?

At typical Oasis @ Elias purchase prices (ranging upwards from the S$3 million mark), Total Debt Service Ratio (TDSR) calculations become material, as lending institutions typically cap total monthly debt obligations at 55% of gross monthly income. For a purchase price of S$3.2 million with a standard 80% LTV loan, monthly mortgage servicing would be approximately S$13,000-S$14,000 (depending on interest rate assumptions and loan tenor), requiring gross monthly income of approximately S$24,000-S$25,000 to remain comfortably within TDSR limits and preserve headroom for credit card obligations, personal loans, and unexpected liabilities. Purchasers with existing debt—car loans, personal lines of credit, or other property mortgages—will experience reduced TDSR headroom and may qualify for smaller loan amounts or require larger cash down payments. First-time property buyers with limited credit history may face more stringent lending criteria or be required to provide enhanced financial documentation. Professional financial planning and pre-approval conversations with major banks (such as OCBC, UOB, DBS, or Maybank) are strongly recommended before property viewing, as understanding exact financing capacity prevents subsequent disappointment or abortive transaction costs. The 20% ABSD impost for second-property purchasers further constrains liquid funds available for down payment, necessitating careful cash-flow planning.

How does Oasis @ Elias compare to other competing developments in the Pasir Ris area?

The Pasir Ris condominium market includes several established competitors, including The Pinnacle@Duxton-equivalent density precincts and mid-market developments occupying similar price bands. Oasis @ Elias positions itself as a modern, mid-range offering with contemporary finishes and reliable amenity provision, competing primarily against developments of similar vintage and price positioning rather than against ultra-luxury or ultra-budget alternatives. Compared to older established condominiums in Pasir Ris (such as properties built in the 2000s), Oasis @ Elias offers advantages in building infrastructure, energy efficiency, and contemporary design, potentially commanding price premiums of 5-10% per sqft for the newer construction. Against recently launched competitors in adjacent precincts, differentiation centres on specific location relative to MRT, amenity quality, developer reputation, and market perception of value. The mature market dynamics of Pasir Ris mean that buyer familiarity with competing products is typically high; astute purchasers should conduct side-by-side comparisons of per-sqft pricing, unit layouts, service charge budgets, and amenity provision to assess relative value. The established demand base in Pasir Ris generally supports multiple competing developments without destructive pricing pressures, suggesting that Oasis @ Elias can sustain market positioning without dramatic discounting cycles.

Are certain unit stacks, floor levels, or positions within Oasis @ Elias better positioned for value retention and future resale?

Within any residential development, unit location, floor level, and orientation materially influence both resale value and rental demand. At Oasis @ Elias, middle-stack units (typically floors 10-20 of a multi-storey development) historically command stronger buyer demand than ground-floor or very high units, as they balance privacy, security, and views against maintenance burden and utility exposure. Units oriented toward cooler exposures (south or southwest in Singapore's tropical context) often achieve marginally faster lettings and can command slight rental premiums due to superior thermal comfort perception. Mid-unit positions within individual floors—avoiding corner units that may experience higher wind exposure or excessive direct solar gain—typically attract balanced buyer interest. Higher-floor units appeal to premium-segment purchasers seeking views and prestige, but experience slightly restricted tenant pools in the rental market unless commanding prices justify the uplift. Ground-floor or low-level units, whilst offering ease of access and direct outdoor connection, often attract discounted pricing due to privacy and noise perception concerns, though investor-purchasers targeting family tenants sometimes prefer these for their directness and outdoor amenity access. Prospective buyers should conduct physical inspections across floor levels to assess view, light, and ambient quality before deciding; resale velocity and pricing strength typically favour middle-stack, well-oriented units offering balanced compromise.

What future supply pipeline exists in the Pasir Ris district? Will new developments pressure prices or enhance the precinct?

The Pasir Ris district's supply pipeline reflects broader Urban Redevelopment Authority (URA) planning parameters and developer interest cycles. Historical patterns show that Pasir Ris has matured as a residential precinct with relatively stable new supply additions—new developments are typically scattered and incremental rather than concentrated, preserving neighbourhood character whilst refreshing aging stock. Future projects in the precinct would likely reinforce Pasir Ris as a sustained residential destination, potentially elevating overall neighbourhood desirability through enhanced amenities or infrastructure improvements. However, large-scale new supply in the immediate vicinity could exert pricing pressure on older, established properties; conversely, if new developments target premium or bulk-sales segments differing from Oasis @ Elias' market positioning, competitive impact may be limited. Prospective purchasers should monitor URA planning announcements and developer activity within Pasir Ris over coming years to assess whether supply increases might pressure resale timelines or valuations. Historically, developments with strong MRT proximity and established neighbourhood credentials (such as Oasis @ Elias) have demonstrated resilience even when new supply emerges nearby, as underlying demand from commuters and families seeking accessible, mature-precinct living remains durable. Consulting with local conveyancing professionals or reviewing URA Master Plan documents can provide clarity on pipeline activity affecting the specific Elias Road micromarket.

Oasis — From S$3.2M