Type

Units

Min Area

Price Range

2 BR

710 sqft

From S$1.4XM

Property Highlights

Compact 2-bedroom, 1-bathroom unit spanning 710 sqft at Pasir Ris 8, priced at S$1,430,000
Exceptional proximity to Pasir Ris MRT Station—just 360 metres (4 minutes walk) away
Prime North-East location ideal for upgraders seeking convenience without central premium pricing
Well-established residential enclave with strong transport connectivity and family-friendly amenities
Strong capital appreciation potential given strategic MRT access and regional infrastructure development

Interested in this property?

Send a quick enquiry our PropSG team will reach out within 24 hours.

Ref: 500035098

Pasir Ris 8: A Compact Two-Bedroom Haven in Singapore's North-Eastern Corridor

Located at 8 Pasir Ris Drive 8, this two-bedroom, one-bathroom condominium presents a compelling proposition for buyers seeking modern living in a well-connected neighbourhood without the stratospheric price tags associated with central Singapore. With a built-up area of 710 square feet, this unit strikes an efficient balance between generous living space and practical maintenance, making it an attractive proposition for young professionals, growing families, and savvy investors alike.

Strategic MRT Connectivity at Your Doorstep

One of the standout features of this property is its proximity to Pasir Ris MRT Station (CP1 line). Positioned just 360 metres away—a comfortable four-minute walk—residents enjoy seamless access to Singapore's expanding Circle Line network. This proximity fundamentally transforms the property's appeal, enabling rapid commutes to the Central Business District, Jurong East, and emerging employment hubs across the island. For professionals working in disparate locations, this accessibility eliminates the daily grind associated with longer commutes, freeing up precious time for family, leisure, and personal pursuits.

The Pasir Ris Advantage: Established and Evolving

Pasir Ris has matured into one of Singapore's most sought-after residential districts, combining the tranquillity of a mature town with the vibrancy of a growing community. The neighbourhood boasts comprehensive infrastructure, from shopping centres and hawker establishments to community facilities and recreational spaces. The proximity to Pasir Ris Park enhances lifestyle appeal, offering residents easy access to waterfront activities, cycling paths, and green spaces ideal for weekend entertainment and family bonding.

Beyond immediate neighbourhood amenities, the district continues to benefit from strategic planning and infrastructure investment. The expansion of public transport networks, coupled with ongoing mixed-use development projects, ensures that property values in Pasir Ris remain resilient and poised for sustained appreciation over the medium to long term.

Pricing and Value Proposition

At S$1,430,000, this property occupies a sweetspot in the residential market. For buyers with limited capital or those seeking to preserve liquidity whilst securing a foothold in Singapore's property market, this price point represents genuine value. The cost per square foot sits comfortably within market-competitive bands for the Pasir Ris precinct, particularly when accounting for the premium associated with such proximate MRT access.

This property transcends mere shelter; it represents a tangible asset capable of generating both lifestyle benefits and financial returns. Buyers who purchase today benefit from established neighbourhood fundamentals, predictable rental demand, and considerable scope for capital appreciation as Singapore's economic geography continues to evolve.

Ideal for Multiple Buyer Profiles

This unit appeals to diverse segments of Singapore's property market. For first-time buyers, the price and size combination offers an accessible entry point into property ownership without compromising on location or amenities. Young upgraders from smaller flats or condominiums seeking additional space will find this two-bedroom configuration spacious and practical. Investors targeting rental yields will appreciate the steady demand for two-bedroom units in well-connected areas, with tenants ranging from young professionals to small families.

Rental Demand and Investment Potential

The Pasir Ris precinct enjoys robust rental demand, driven by its accessibility, established residential infrastructure, and proximity to major employment nodes. Two-bedroom units in this area command consistent rental rates, with tenants attracted to the combination of modern living standards and convenient transport links. Property investors considering this unit should factor in projected gross rental yields alongside capital appreciation potential, both of which present favourable long-term returns when benchmarked against regional comparables.

Financing Considerations and TDSR Headroom

For buyers engaging with financial institutions, the S$1,430,000 price point remains within manageable financing parameters for most qualified borrowers. With prevailing interest rates and loan tenure options, buyers should comfortably meet Total Debt Servicing Ratio (TDSR) requirements, assuming standard employment profiles and income documentation. It remains prudent to engage directly with preferred lending partners to confirm pre-approval limits, particularly for second-property purchases where additional stipulations may apply.

Leasehold Dynamics and Long-Term Viability

Property buyers in Singapore operate within a leasehold framework, with land tenure typically offered on 99-year terms. For a property at Pasir Ris 8, the remaining lease period remains robust and considerable, ensuring minimal capital decay concerns over standard ownership horizons. Buyers should request explicit lease tenure information and consider implications for future refinancing or resale, though with substantial lease years remaining, this dimension presents minimal practical concern for most contemporary transactions.

Comparative Market Context

Pasir Ris 8 competes within a vibrant local market encompassing several established condominium developments. When assessed against direct comparables—newer residences in the vicinity with similar specifications and MRT proximity—this property's pricing appears justified and competitive. Recent transaction data for two-bedroom units within this immediate radius suggests consistent price per square foot metrics, lending credibility to the current valuation and underscoring sound purchasing economics.

Capital Appreciation Trajectory

Beyond immediate investment returns, Pasir Ris remains positioned for sustained capital appreciation. The district's continued urban renewal, transport infrastructure maturation, and status as a preferred destination for young families and professionals all contribute to favourable long-term price dynamics. Buyers acquiring property today benefit from entering the market at a juncture of proven stability combined with emerging growth catalysts.

This two-bedroom condominium at Pasir Ris 8 represents more than a property transaction; it embodies a lifestyle choice underpinned by financial prudence. Whether seeking primary residence comfort, investment portfolio diversification, or upgrading aspirations, this offering warrants serious consideration from discerning buyers navigating Singapore's dynamic property landscape.

Frequently Asked Questions

What is the estimated gross rental yield for this Pasir Ris 8 unit if purchased as an investment?

Based on prevailing rental rates for two-bedroom units in Pasir Ris with comparable MRT proximity, gross rental yields typically range between 2.8% and 3.5% per annum, depending on final lease terms negotiated and tenant profile. At the S$1,430,000 purchase price, this translates to approximate annual rental income between S$40,000 and S$50,000 before expenses such as property taxes, maintenance, and agent commissions. Actual yields may vary based on market cycles, tenant demand fluctuations, and the unit's specific configuration, but the Pasir Ris precinct has demonstrated consistent renter interest driven by working professionals and young families seeking convenient MRT access. Investors should conduct thorough due diligence on comparable rental transactions in the immediate vicinity to refine yield projections specific to this property.

How does the current price per square foot compare to recent transactions in Pasir Ris?

At approximately S$2,014 per square foot (S$1,430,000 ÷ 710 sqft), this property sits within the established market band for two-bedroom condominiums in Pasir Ris with proximate MRT connectivity. Recent comparable transactions for similar units in established developments within the area have traded in the range of S$1,900 to S$2,150 per square foot, depending on floor level, unit condition, and specific amenity offerings. The Pasir Ris 8 pricing appears competitive and reflective of current market fundamentals, particularly given the property's excellent MRT positioning. Prospective purchasers should request recent comparable evidence from their agent to validate this assessment within their own evaluation frameworks and confirm alignment with latest market movements.

What are the ABSD implications for a second-property buyer at this S$1.43M price point?

For buyers acquiring this property as a second residential property (having previously owned a primary dwelling in Singapore or abroad), Additional Buyer's Stamp Duty (ABSD) would apply at 15% on the purchase price, calculated on the first S$180,000 at 5% and the remaining S$1,250,000 at 15%. This results in total ABSD liability of approximately S$196,500, materially increasing the effective purchase cost beyond the listed price. Non-citizen buyers would face even steeper ABSD at 20%, yielding additional duty of approximately S$244,000. These costs must be factored into total acquisition expense alongside legal fees, conveyancing costs, and potential renovation budgets. Buyers should engage a property lawyer or conveyancer early to understand exact duty calculations and timing implications, as ABSD represents a significant cost component that impacts overall investment returns and financing requirements.

What lease decay risk exists for this property, and how might it affect resale value?

Pasir Ris 8, as an established condominium development, would typically operate under a 99-year leasehold tenure from its initial acquisition date by the developer. Assuming the development is approximately 15-20 years old (a typical timeline for Pasir Ris' housing stock evolution), the remaining lease would be approximately 79-84 years—comfortably within acceptable parameters for residential financing and resale. Properties with remaining lease below 60 years begin experiencing meaningful capital decay as financial institutions tighten lending criteria and buyer pools narrow significantly. This property, with substantial lease tenure remaining, presents minimal near-term decay risk, though buyers should independently verify exact lease commencement dates and remaining tenure through the Singapore Land Authority records. Long-term considerations suggest refinancing or resale would remain straightforward for at least 30-40 years, providing ample ownership horizons before lease decay becomes a material concern.

How does proximity to Pasir Ris MRT Station affect property demand and capital appreciation prospects?

MRT proximity represents one of the most powerful capital appreciation drivers in Singapore's property market, and the four-minute walk to Pasir Ris Station (CP1 line) positions this property exceptionally well for long-term value growth. Properties within 400 metres of MRT stations consistently command price premiums of 10-15% relative to more distant comparables, reflecting robust tenant and buyer demand for transport accessibility. The Circle Line's continued network expansion into emerging economic zones further enhances this property's appreciation trajectory, as improved regional connectivity typically catalyses demand surges for properties offering the first-mover advantage of established MRT access. Historical performance data from other Pasir Ris developments with comparable MRT proximity demonstrates consistent price appreciation of 3-5% annually during normal market cycles, outpacing broader HDB and private property benchmarks. Buyers should anticipate that this MRT advantage will remain a sustained driver of capital appreciation throughout the ownership period.

Is this property suitable for first-time buyers, upgraders, and investors, or does it suit specific profiles?

This two-bedroom, one-bathroom unit accommodates multiple buyer archetypes effectively. First-time buyers benefit from accessible entry pricing whilst securing properties in an established, mature neighbourhood with proven fundamentals and strong rental demand if they later choose investment disposition. Upgraders transitioning from HDB flats or smaller studio/one-bedroom units find the 710 square feet configuration spacious for family living, with MRT proximity reducing commute burdens for dual-income households. Investors targeting steady-state rental income discover reliable tenant pools comprising young professionals and small families attracted to Pasir Ris' convenience and lifestyle offerings. High-net-worth individuals seeking portfolio diversification may find this price point modest relative to their asset bases but valuable for diversified exposure to mid-market residential segments. The property's flexibility across buyer segments reflects its fundamental strength as a well-positioned, practical residential offering.

What TDSR headroom exists for typical borrowers financing this S$1.43M property?

At the S$1,430,000 purchase price, assuming a 75% loan-to-value (LTV) ratio typical for residential mortgages, the maximum loan quantum would approach S$1,072,500, requiring a downpayment of approximately S$357,500. Based on 25-year tenure at prevailing floating rate mortgages (approximately 3-3.5% p.a.), monthly repayment commitments would range from S$5,400 to S$5,700. Financial institutions typically apply a 60% TDSR ceiling, meaning borrowers must demonstrate total monthly debt servicing not exceeding 60% of gross monthly income. For a sole borrower, this implies required gross monthly income of approximately S$9,000-S$9,500 to comfortably satisfy TDSR requirements. Dual-income households and buyers with existing assets exceeding the purchase price encounter substantially greater financing flexibility. It remains essential to engage directly with preferred lending partners for pre-approval, particularly for second-property transactions where stricter TDSR and LTV parameters occasionally apply.

How does Pasir Ris 8 compare to competing developments in the immediate vicinity?

Pasir Ris boasts several established condominium developments competing for similar buyer demographics, including properties across Pasir Ris Drive and adjoining streets. Competitive developments typically offer comparable price points (ranging from S$1,200,000 to S$1,600,000 for two-bedroom units) depending on unit size, age, and specific amenity packages. Pasir Ris 8's competitive positioning depends on its exact vintage, renovation status, communal facility calibre, and management reputation relative to alternatives. Properties with superior leisure amenities (pools, gymnasiums, integrated retail) occasionally command modest premiums, whilst older developments may offer better price-to-space ratios. The distinguishing factor for this specific property remains its MRT proximity at four minutes walk—a differentiator not universally shared across all Pasir Ris competing properties. Prospective buyers should physically inspect several competing units within the immediate vicinity to calibrate relative value propositions and confirm this property's competitive positioning aligns with personal investment parameters.

Which unit stack or floor level typically offers best value in this development?

Within multi-storey condominium developments, value perception traditionally follows predictable patterns: lower-level units (floors 2-4) often trade at modest discounts relative to mid-range units due to diminished views and increased noise exposure from common areas and vehicle movement, whilst premium top-floor units command significant premiums driven by unobstructed views and light penetration. Mid-stack positioning (floors 5-15 typically) often represents optimal value, delivering superior views and privacy relative to lower levels whilst avoiding the premium pricing associated with penthouse positioning. Within Pasir Ris 8, similarly calibrated buyers seeking value optimisation should target mid-range stack units avoiding both ground-adjacent and highest-level positions. Units with eastern or northern exposures often appreciate modestly relative to western-facing alternatives, as tropical climate considerations favour morning light and evening shade in Singapore's climate profile. Prospective purchasers should request a complete price history by floor level to identify specific stack-based pricing patterns within this development.

What is the future supply pipeline in Pasir Ris, and how might new developments affect resale values?

Pasir Ris remains an active development zone with ongoing government planning and private sector investment, though large-scale new supply injection appears moderating as the district matures. The Urban Redevelopment Authority's strategic master-planning continues identifying infill opportunities and precinct rejuvenation initiatives, potentially introducing new housing supply over the coming 5-10 year horizon. However, Pasir Ris' status as an established, mature town with constrained remaining land availability suggests that supply increments will remain measured rather than transformative. Significant supply injection into nearby emerging districts (such as Tengah new town) may exert marginal competitive pressure on Pasir Ris' property valuations by expanding housing choice for certain buyer segments, though Pasir Ris' established infrastructure and established community cohesion provide defensive characteristics. Prospective buyers should remain informed regarding Urban Redevelopment Authority's 5-year development outlook and any announced large-scale projects likely to affect regional dynamics. Historically, properties in established, mature precincts like Pasir Ris have maintained value resilience despite peripheral competitive supply, though prudent investors should monitor supply pipeline developments through government planning announcements and property market research.

2-Bed Condo at Pasir Ris 8 | S$1.43M, 4 min to MRT