Pasir Ris 8, a new integrated development in the heart of Pasir Ris central, jointly developed by Phoenix Commercial Pte Ltd and Phoenix Residential Pte Ltd. The two companies are part of a joint venture between Allgreen Properties and Kerry Properties, both part of the Kuok Group of Companies.
Located in the eastern part of Singapore, Pasir Ris 8 is just 8-10 minutes away by car to Singapore Changi Airport. The Pasir Ris Bus Interchange and MRT station, which is only a 3 minute walk away, is a major transportation hub that allows commuters to commute to the city conveniently. It allows residents to transfer between the rail network that connects the area and several bus routes in the region.
In 2029, with the completion of the 1st phase of the Cross-island Line connecting Changi to Bright Hill, Pasir Ris station will become a hub. The new line will reduce travel time to other parts of Singapore by up to 70 minutes and will also serve as an alternative to the East-West Line when fully completed.
|Project Name||Pasir Ris 8|
|Address||Pasir Ris Central|
|Developer||Allgreen Properties and Kery Properties|
|No. of Units||480|
Allgreen Properties Limited is the real estate arm of The Kuok Group in Singapore. It is one of the largest property developers with 35 subsidiaries and 13 associates in 2014.
Allgreen’s portfolio of investment properties includes Great World City, Tanglin Mall and Tanglin Place. The high occupancy and strong rents from these retail and serviced apartments provide a stable source of recurring revenue and strengthen Allgreen’s earnings power.
Allgreen’s track record includes Amber Point, Changi Green, One Devonshire, Queens RiverBay, Skysuites @ Anson, Baywater, Holland Residences, Kerrisdale, Regency Park, The Shaughnessy, etc. His upcoming projects are highly centralised in Prime District 10, Fourth Avenue Residences, Juniper Hill and Royalgreen.
Allgreen has won various awards for his high quality work like BCA Quality Award (Gold), BCA Quality Mark (Excellent), BCA Green Mark Awards, BCA Universal Design Mark Awards (GoldPlus Design).
Kerry properties which is listed on Stock Exchange of Hong Kong, has developed a number of prime residential and mixed-use projects in major cities, including the Jing An Kerry Centre and Kerry Parkside in Shanghai, the Beijing Kerry Centre and numerous residential projects in Hong Kong and overseas.
Allgreen Properties and Kerry Properties won the bid by submitting the highest bid of $699,999,999.99, which is 3.28% higher than the $677,777,000 submitted by Far East Organisation. Based on the maximum gross floor area (GFA) of 1,022,678 square feet, the land cost is $684.48 per square foot for mixed use.