About Pasir Ris 8 Integrated Project will help to improve the Pasir Ris Town Area | In July of 2021, Kerry Properties and Allgreen Properties introduced the 487-unit Pasir Ris 8. So far, approximately ninety-four percent of the units have been sold. And so, the average price of Pasir Ris 8, which was equated to SGD1,623 psf a year ago, has increased 14.1% to SGD1,852 psf over the 3 months from July to September.
The seven residential blocks of Pasir Ris 8 are built on top of a three-story podium that houses a retail mall, complete with shops, eateries, a supermarket, a childcare center, and a polyclinic and childcare center, on its first two levels. The third level is home to the building’s car park, with residents’ amenities located on top of it and a landscaped deck.
More on Pasir Ris 8 Integrated Project will help to improve the Pasir Ris Town Area
The development is integrated with Pasir Ris MRT Station and an air-conditioned bus station, which is envisaged to become an interchange for both the Cross Island Lines and East-West. Pasir Ris 8 won 3 awards in 2022. In March 2019, Kerry Properties and Allgreen managed to win a four hundred thousand sq ft white at Pasir Ris 8 for roughly seven hundred million dollars This marked the first collaboration between the two entities which are part of The Kuok Group of companies, managed by Robert Kuok, the wealthiest man in Malaysia with a net worth of USD11 billion (SGD15.78 billion) as recorded by Forbes 2022.
This is not the first time Allgreen has undertaken an integrated development project. Its most notable development in Singapore is Great World City, which comprises a 35-story serviced apartment block with three hundred and four units, an eighteen-story office tower, and a 6-story mall.