Pasir Ris 8

The ground under it was tendered in 2019. Both ends of that are public; nobody puts them together.

The land under Pasir Ris 8

HDB put this parcel out to tender and names Pasir Ris 8 as what was built on it. Everything below is from that tender: the dates, the winning price, and the number of bids received.

  1. Tender launched27 Aug 2018
  2. Tender closed14 Dec 20183 bids received
  3. Awarded22 Mar 2019Phoenix Residential Pte. Ltd. & Phoenix Commercial Pte. Ltd.
  4. Winning tenderS$700,000,000S$7,368 per sq m of gross floor area · S$684 per sq ft
Parcel
Pasir Ris P2 Pasir Ris Drive 3/ Pasir Ris Drive 8/ Pasir Ris Central
Site area
38,004 sq m
Lease
99 yrs
Plot ratio
2.5
Gross floor area
95,010 sq m
Sold as
Mixed

What the land cost and what a unit sells for are not two ends of one sum. Between them sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold units. None of those is published for a named project, so this site does not estimate a developer’s cost or margin and no figure here should be read as one.

Source: HDB — Sites Sold by HDB · tender awarded 22 Mar 2019 · transcribed from HDB’s published tables on 2026-08-31 · prices are nominal and are not adjusted for inflation. HDB names the development on this row as “Pasir Ris Mall & Pasir Ris 8”. This parcel, from tender to today · Every land sale

What has been filed there since

2019 · the groundS$700,000,000S$684 per sq ft of gross floor area
Today · the homes on it$1,974median of 119 filed transactions, 2021-09 to 2026-09

Those two are not the same square foot. Gross floor area includes what nobody buys — the corridors, the car park, the plant rooms — so the land rate is spread across more area than a unit is sold by. The ratio is arithmetic on two published figures and is not a return, a profit, or an appreciation.

Year by year, for a median-sized unit

90–100 sqm band. Counts in brackets; a year with fewer than 3 filed sales is kept and marked rather than dropped, because a reader can discount a thin year and cannot discount one that was silently removed.
YearMedian psfAgainst the year before
2022$1,853 (10)—
2023$1,891 (2)+2.1%
2024$1,891 (1)0.0%
2025$2,072 (10)+9.6%
2026$2,151 (1)+3.8%

The two ends of this page are not two ends of one sum. Between the tender and the first unit sold sit construction over a multi-year build, financing, the development charge, marketing and agent commissions, GST, and the cost of holding unsold stock. None of those is published for a named project, so nothing here estimates a developer’s cost or margin and no figure on this page should be read as one. Why that is refused.

The rest of it