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3 Excellent Condo Alternatives to Pasir Ris 8

Mohan Sandrasegeran

Mohan Sandrasegeran

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With 85% of units sold within the first weekend of its launch, Pasir Ris 8 has become one of the hottest projects of 2021. 

If FOMO is starting to hit, not all is lost! There are three resale options in the area that are worth checking out: Coco Palms, The Palette and D’Nest, which are 99-year leasehold developments located in Pasir Ris Grove, District 18.

They are just as close to Pasir Ris MRT station as Pasir Ris 8, and offer good value for money.

Additionally, buyers looking to avoid the waiting game due to the construction delays for new projects may find the three resale condos better-suited for their needs. It will, in turn, spur overall demand for resale homes.  

Source: URA Realis, Ohmyhome Research

Buyers who are price sensitive tend to gravitate towards the resale market, with the growing price divide between new launches and resale projects. 

Source: URA Realis, Ohmyhome Research

These three projects are positioned at affordable price points as compared to Pasir Ris 8, which had an average unit price of $1,824 psf in August. 

Though they are resale properties, they stand out for their price positioning and attractive locations. 

Additionally, the government announced in 2017 the renewal plans for Pasir Ris. Under the Remaking Our Heartland (ROH) initiative, new additions and enhancements to the town are expected over the next couple of years. Part of the plan includes a revamped town centre and more recreational facilities. 

With the inception of Pasir Ris 8, it provides a spillover effect to neighbouring properties. As it is a mixed-use development, there will be a HDB town plaza and a polyclinic in the neighbourhood as well. 

Furthermore, property prices are typically higher in Pasir Ris due to its close proximity to Singapore’s Changi International Airport. The announcement of the Cross Island Line (CRL), provides prominence to Pasir Ris as well. As it will link up the town and provide an ease of commuting for residents in Pasir Ris.

1. Coco Palms

This is a 99-year leasehold project that was developed by City Developments Limited (CDL) — a reputable developer that has cemented its legacy in property development for over 55 years. 

CDL has developed over 47,000 homes and owns over 23 million square feet (sq ft) of gross floor area in residential, commercial and hospitality assets globally. It has won many accolades over the years as well. 

Coco Palms is 16 storeys tall and comprises a total of 944 units, consisting of 1-to -5-bedroom apartments and penthouses. It has a decent number of facilities, including four pools, a gym and tennis courts. 

The project is relatively new as it was built in 2019; originally launched in 2014, with a median unit price of $1,040 per square foot (psf). 

One of the biggest plus factors of Coco Palms is its ideal location, situated at an easy walking distance of Pasir Ris MRT station and a bus interchange.

Downtown East is also accessible via a free shuttle bus from major shopping mall White Sands. 

There are two schools nearby the development: Elias Park Primary School and Coral Secondary School. 

Source: URA Realis, Ohmyhome Research

According to Ohmyhome research, the number of Coco Palms transactions have risen steadily since 2019. It increased by 65.5% in 2021 as compared to the 29 transactions that occurred in 2019. Easy access to the MRT station played an important role in its demand, keeping average prices healthy at the $1,200 psf price point. 

Source: URA Realis, Ohmyhome Research

Majority of the transactions were concentrated in the sweet spots of $1.0 million to $1.5 million range. Analyzing the figures, it appears that some of the transactions in this price range were 3-bedroom units sized at 904 sqft. 

Source: URA Realis, Ohmyhome Research

If we further break down transactions by the varying sizes, we see that prices are reasonably attractive given its prime location next to a MRT station. An average of $500-$600 psf can be saved buying these resale units. 

Source: URA Realis, Ohmyhome Research

Available unit(s) at Coco Palms for sale: 

  • 2BR, 1,001 sq ft for $1.1m ($1,136 psf)
  • 2BR, 1,000 sq ft for $1.3m ($1,300 psf)

Interested in this development or looking for something similar? Contact or message us at +65 9727 5270.

2. The Palette 

Similarly, this 99-year project that’s located at Pasir Ris Grove is developed by CDL.

The Palette is a bigger estate consisting of 892 units, with a wide variety of facilities and features such as swimming pools and even a skating rink. It was launched in 2011 with a median unit price of $890 psf and was subsequently completed in 2015. 

Since The Palette is situated right next to Coco Palms, it enjoys the same locational attributes such as the ease of convenience to the neighbouring transport hub and the White Sands Shopping Mall.

Source: URA Realis, Ohmyhome Research

Based on our research, The Palette has retained a steady stream of interest from buyers. Average unit prices have hovered around $1,000 psf, although there has been little change in four years. 

The rejuvenation plans for Pasir Ris have provided an added boost for the properties in the region. A refurbished town centre and a rejuvenated Pasir Ris Park and beach will provide more options for family and community activities, while leading to price appreciation.

Source: URA Realis, Ohmyhome Research

The majority of the transactions were in the price range of $1.0m to <$1.5m range, mostly for 3 and 4-bedder units. 

Source: URA Realis, Ohmyhome Research

The pricing strategy adopted for this development is attractive for the varying unit size available. An average of $500-$900 psf can be saved by purchasing these resale units as compared to getting a unit at Pasir Ris 8. 

Source: URA Realis, Ohmyhome Research

Available unit(s) at The Palette unit for sale: 

  • 2BR: 752 sq ft for $875k ($1,163 psf)
  • 2BR: 753 sq ft for $900k ($1,195 psf)

Interested in this development or looking for something similar? Reach out here or message us directly at +65 9727 5270.

3. D’Nest

It is another 99 year leasehold project, developed by a subsidiary of Hong Leong Investment Holdings. The Hong Leong Group has been part of the property industry since the late 1960s and has developed many iconic properties over the years, positioning itself as a market leader with more than 130 quality properties. 

The 12 blocks of D’Nest house a total of 912 units, ranging from 1-room units to 5-room penthouses and even 6-room dual-key units. 

Finished in 2017, D’Nest was originally launched in 2013 with a median unit price of $965 psf. 

Similar to Coco Palms and The Palette, its convenient location is an attractive feature, though slightly further away (574 metres) from the Pasir Ris MRT station. But it shouldn’t deter prospective homebuyers.  

Source: URA Realis, Ohmyhome Research

The number of transactions has already spiked 57.9% in the first 9 months of 2021, as compared to the 38 transactions in the whole of 2020. The project has seen price appreciation over the years, thanks to the project’s reasonable pricing strategy.  As mentioned earlier, upcoming developments and changes in the area played a crucial role in accentuating the property value in the area. 

The improved connectivity, added community spaces and the upgraded Pasir Ris Town Park and completion of a “hipster hawker centre” in 2018 provides residents with a wide variety of options. 

Source: URA Realis, Ohmyhome Research

Based on Ohmyome research, the majority of the transactions were priced around $800,000 to less than $1 million for units sized at about 753 sq ft. Looking at the floor plans, these are 2 bedders that garnered more interest from buyers. 

Source: URA Realis, Ohmyhome Research

The average unit prices are attractively priced for the varying sizes. The affordable pricing options makes D’Nest a desirable option for buyers. An average of $500-$900 psf can be saved purchasing these resale units as compared to getting a new unit at Pasir Ris 8. 

Source: URA Realis, Ohmyhome Research

Available unit(s) at D’Nest for sale: 

  • 2BR, 752 sq ft for $900k ($1,196 psf)
  • 2BR, 752 sq ft for $950k ($1,263 psf)

Interested in this development or looking for something similar? Contact or message us at +65 9727 5270.

The future is bright

Residents in the east have always claimed that “east side is the best side,” and with all the upcoming development in the area and an array of amenities and facilities, who wouldn’t want to live in the East? 

The alternatives that we have picked out provide buyers more options to choose from. The price points of these projects are relatively in the affordable range. With the significant developments in the pipeline, it offers more potential upside for buyers.    

Looking to buy a home? Call us at 6886 9009 to secure an appointment today or message us on Intercom, which can be found at the bottom, right-hand corner of the screen. You can also WhatsApp us at +65 9727 5270

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