Pasir Ris Central Residences
By Allgreen Properties
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- 11 May 2020: Pasir Ris Central Residences launch date in 2H 2020
- 9 Apr 2020: Updated Pasir Ris Central Residences project details
- 13 Dec 2019: Pasir Ris Central Residences Launch Date to be confirmed
- 1 Dec 2019: Welcome to Pasir Ris Central Residences website, upcoming new mixed development next to Pasir Ris MRT.
Pasir Ris Central Residences Factsheet
Pasir Ris Central Residences Location
Pasir Ris Central Residences is prominently located at Pasir Ris Central right next to Pasir Ris MRT Station which serves the East-West Line. This Pasir Ris Central mixed development has direct access to Pasir Ris MRT Station, bus interchange, 3-storey retail mall, polyclinic and a town plaza. Pasir Ris Central new launch is a mere 5 to 10-minute drive from Changi Airport, Changi Business Park and the surrounding aircraft logistics and air freight industries. Future residents will enjoy sheltered direct access from their residence to Pasir Ris MRT Station transportation hub and mall. This development will form part of a landmark integrated development next to Pasir Ris MRT and serves as a community focal point.
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Pasir Ris Central Residences Developer
Pasir Ris Central Residences, new mixed development next to Pasir Ris MRT is proudly developed by renowned developers Allgreen Properties and joint venture partner Kerry Properties. The two companies are part of the Kuok Group of Companies. Allgreen Properties will hold 70 per cent of the joint venture, while Kerry Properties holds 30 percent.
Kuok Group started in 1949 in Johor Bahru, Malaysia as a small family business trading rice, sugar and wheat flour. Over 70 years, the Kuok Group has grown to become one of Asia’s most dynamic multinational conglomerates, with operations spanning six continents in sectors ranging from logistics and maritime to properties and hospitality.
Learn more about Pasir Ris Central Residences Developer track records.
Pasir Ris Central Residences Project Details
|Project Name||Pasir Ris MRT New Condo Name to Be Finalised|
|Developer||Phoenix Residential & Phoenix Commercial (JV between Allgreen Properties & Kerry Properties)|
|Site Area||38,003.7 sqm|
|Gross Floor Area||95,010 sqm|
|Address||Pasir Ris Central/ Pasir Ris Drive 8|
|Mukim Lot No.||MK 29-03173V|
|Site Use||Mixed development comprising of residential and commercial space, integrating with Bus Interchange|
|No. of Blocks||To be finalised|
|No. of Storeys||8|
|Total No. of Units||480|
|Residential Carpark Lots||To be finalised|
|Residential Carpark Level||Level 3|
|Expected Date of TOP||2024|
|Expected Date of Legal Completion||To be finalised|
|Lead Design Architect||To be finalised|
|Project Architect||To be finalised|
|Landscape Consultant||To be finalised|
|Builder||To be finalised|
|Project Interior Designer||To be finalised|
|Developer Project Account No.||To be finalised|
Pasir Ris MRT condo mixed development sits on a white site tendered for sale by HDB in August 2018. Spanning 3.8 hectares, it will be jointly developed by Allgreen Properties and Kerry Properties into an integrated development with a bus interchange, polyclinic, retail mall and a town plaza. The completed development will serve as a community focal point with its open spaces and pedestrian firnedly pathways. It will provide residents with seamless connection to public transportation and amenities.
This new condo mixed development next to Pasir Ris MRT is also part of the HDB Remaking our Heartland initiative first unveiled by the Prime Minister Lee Hsien Loong at the National Day Rally in 2007. In March 2015, it was announced that Toa Payoh, Woodlands and Pasir Ris will be the next towns to undergo the Remaking Our Homeland 3 programme. Under this initiative, a comprehensive blueprint was drawn up to renew and further develop existing HDB towns and estates, to ensure sustainability and vibrancy of the heartlands and to make Singapore a distinctive and endearing home for all.
Pasir Ris Central new launch condo is curated with beautiful landscape and manicured flora that adorn the pathway so that residents feel a sense of bliss once they enter their residence private courts. More than 30 comprehensive facilities like a 50m Lap Pool, Children’s Playground, Kid’s Pool, and Alfresco Dining Pavilions to suit every family’s lifestyle needs.
The integrated retail mall will have 3 levels – 2 levels above ground and 1 basement. There will be basement carpark lots for the retail mall retail carpark, while the residents will have a separate carpark facility at level 3. It has been carefully planned to ensure privacy and exclusivity for the residents even while they enjoy the convenience of living at the centre of myriad amenities and recreational activities that the development provides.
Pasir Ris Central Residences launch date is expected to be in the first half of 2020, and the expected TOP is in 2024. More details on the finalised dates will be released soon. This Pasir Ris Central condo is prone to attract first-time homebuyers and upgraders as it is a prime development in the suburban area and will offer first-time private home buyers and upgraders an attractive opportunity to own a home with excellent transportation connectivity and to be in the heart of myriad lifestyle and recreational amenities. Residents can truly enjoy an exclusive life of convenience with all amenities and public transport services at the doorstep. From sunrise to sunset, there is always somewhere within your home that beckons you. Enjoy the convenience of being surrounded by a diverse selection of lifestyle, shopping and dining options. From market and food center, to the many cafes, restaurants and pubs nearby, your family will be spoilt for choice when you reside in one of Singapore’s most diverse spots for eating and drinking.
This Pasir Ris MRT new launch condo will be a world class project offering future residents the quintessential cosmopolitan lifestyle and the coveted convenience of having all you need at your doorstep.
Envisioned as the Community Focal Point at Pasir Ris Central, this integrated development will be a distinctive and endearing icon and serves as the nucleus for the whole Pasir Ris Town.
Land Parcel at Pasir Ris Central
|Details of Land Parcel at Pasir Ris Central|
|Location||Pasir Ris Central/ Pasir Ris Drive 8|
|Site Area||38,003.7 sqm|
|Land Use Zoning||White Site - Mixed Use Development|
|Max. Gross Floor Area||95,010 sqm|
|Max. Building Height||49 to 53m Above Mean Sea Level|
|Est. No. of Housing Units||480|
|Lease Period||99 years|
The Housing & Development Board (HDB) has awarded the tender for the mixed use development site at Pasir Ris Central land sale to Phoenix Residential Pte. Ltd. & Phoenix Commercial Pte. Ltd. The companies are subsidiaries of a joint venture between Allgreen Properties and Kerry Properties. Allgreen will hold 70 % of the joint venture, and Kerry Properties, the rest. The two companies are part of the Kuok Group of companies controlled by Malaysian tycoon Robert Kuok. The winning bid of nearly $699,999,999.99 works out to $648.48 psf per plot ratio (ppr) based on the total gross floor area of 1.02 million sq ft.
HDB adopted a Concept and Price Revenue Tender system to shortlist quality development concepts with seamless integration of amenities and well-designed public spaces in line with its vision for the completed project to serve as a community focal point. At the first stage of the tender process, Concept Proposals which substantially satisfied the evaluation criteria were shortlisted to proceed to the second stage of tender evaluation. At the second stage, only the price envelopes submitted by the tenderers of the shortlisted Concept Proposals were opened for consideration. The site would then be awarded to the tenderer with the highest bid among the tenderers with shortlisted Concept Proposals. This is also known as the two-envelope exercise.
The Tender for the white site at Pasir Ris Central was launched for sale on 27 Aug 2018 and the tender was closed on 14 Dec 2018. A total of three Concept Proposals from three tenderers were received for the site. Out of the three, two were shortlisted to proceed to the second stage of tender evaluation. One is the Allgreen-Kerry Joint Venture, and the other comprises Far East Organization units Laguna Garden and Far East Commercial Trustee with a bid of $677.78 million or $662.75 psf ppr. The third bidder that was not shortlisted was a tie-up between Singapore Press Holdings and Kajima Development.
Apart from having a commercial component, Pasir Ris Central mixed development is required to feature a residential component, polyclinic, child care centre and a town plaza. After setting aside the space for non-commercial purposes, the developer could potentially maximise the commercial space at an estimated 35% of the GFA. The land price based on a lower gross floor area of 832,480 sqft, excluding the public facilities, works out to S$840.86 psf ppr. The estimated breakeven could be around $1,176 psf ppr. Pasir Ris Central Residences price could be estimated to be around $1500 psf to $1600 psf .
Pasir Ris Central Residences Floor Plan
The Pasir Ris MRT new condo will be offering about 480 units of 1 to 4-bedroom apartments, above a 3-storey retail mall. Final details of Pasir Ris Central Residences floor plan is not available yet. Register your interest below to receive first hand updates once the Draft Floor Plans are available for release.
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