Address: Pasir Ris Central
District: D18 – Tampines, Pasir Ris
Developer: Allgreen Properties and Kerry Properties
Tenure: 99 years leasehold
Expected TOP: TBA
Site area: 409,068 sqft
Maximum gross floor area: 1.02 mil sqft
Total no. units: 480
Unit Types: One to four bedroom
(Based on Edgeprop, Land Sales)
Land cost – 684.5 psf
Construction, land financing, professional, legal, taxes, marketing and other cost ~ 519.5 psf
Breakeven cost ~ 1,204 psf
*updated on 19 May 2020
THE Allgreen Properties and Kerry Properties tie-up that clinched the 99-year leasehold white site next to Pasir Ris MRT station is planning to develop about 480 apartments above three levels of retail space.
The commercial and residential development will be integrated with a bus interchange, a polyclinic and a town plaza, offering seamless connection to public transport services and amenities for residents. The completed development will also serve as a community focal point.
The mall will have three levels – two above ground and a basement. There will also be basement car parking lots for the retail mall.
The residents will have a separate car parking facility on Level 3 of the project; the apartments will be from Levels 4 to 11.
The residential component of about 480 units will comprise one- to four-bedders.