For some Singaporeans, Pasir Ris might feel like one of the most ‘ulu’ towns in Singapore. For those who have never lived there, the area might seem little more than chalets and the beach.
But Pasir Ris has transformed significantly over the years, and the housing market there is growing by leaps and bounds. From Downtown East to the new Pasir Ris Mall, it has gained an impression as one of Singapore’s most ideal family-centric towns in the East.
Pasir Ris has seen an influx of younger families and couples, who have moved in as upgrades and infrastructure improvements are completed. This renewed buying interest has drawn the attention to a category of condo units that never enjoyed the limelight before: namely, the two-bedroom segment.
This unit type is seeing renewed interest as the availability of larger two-bedders among resale condos grows and the overall affordability of these units.
In this article, one of several in our ongoing series of top-performing two-bedders, we’re going to see which projects in Pasir Ris took centre stage when it comes to its two-bedroom units, and unpack the reasons behind its strong performance.
To identify the strongest performer, we analysed the profitability of two-bedders across Pasir Ris over the past 10 years.
We focused on subsale and resale transactions, avoiding new launch projects due to the influence of developer pricing. We’ve also excluded projects with fewer than five profitable transactions, to prevent outliers from skewing the average.
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