SELL & RENT HDBS IN PASIR RIS ESTATE
Pasir Ris (白沙) is a coastal town in the eastern region of Singapore, known for its laid-back atmosphere and family-friendly amenities.
Part of the North East CDC, Pasir Ris provides residents with a relaxed lifestyle away from the urban hustle. Its family-friendly environment and comprehensive amenities make it particularly attractive for those seeking a balance between nature and modern conveniences.
The three main HDB subzones in the Pasir Ris estate:
- Pasir Ris Central
- Pasir Ris Drive
- Pasir Ris West
I love how much the town has to offer. Pasir Ris has everything I need and more.
In addition to the usual amenities, the town is home to recreational facilities, beautiful parks and hawker centres – I’m really excited for the upcoming renewal projects
Lifelong Pasir Ris Resident
QUICK LINKS
HDB PASIR RIS BRANCH OFFICE
7 INTERESTING FACTS ABOUT PASIR RIS HDB ESTATE
(a) Origin of the Name:
“Pasir Ris” is derived from the Malay words “Pasir” (meaning “sand”) and “Hiris” (meaning “to shred or slice”), likely referencing the sandy beachfront that once characterized the area.
(b) Early History:
The first recorded mention of Pasir Ris dates back to 1844 in a map by land surveyor John Turnbull Thomson, where the area was spelled “Passier Reis.”
(c) Pasir Ris Hotel:
In the 1950s and 1970s, Pasir Ris was home to the Pasir Ris Hotel, a popular venue for parties and picnic gatherings, further contributing to its reputation as a recreational destination.
(d) Development Timeline:
The Housing and Development Board (HDB) announced the development of Pasir Ris New Town in 1984, with construction starting in 1986. The first residents moved in by 1988.
(e) Coastal-Inspired Architecture:
Many of Pasir Ris’ HDB blocks feature design elements reflecting its coastal location, such as blue color schemes, clam-shaped balconies, and lighthouse-like turrets, creating a distinct seaside town aesthetic.
(f) Industrial Presence:
Pasir Ris is part of Singapore’s larger industrial landscape with wafer fabrication parks under the Jurong Town Corporation’s plans, contributing to the country’s technological growth.
(g) Integrated Transport Hub:
A new Pasir Ris Integrated Transport Hub, including an air-conditioned bus interchange, is set to open in 2025. This will enhance connectivity with Pasir Ris Mall and nearby areas, improving convenience for residents.
Are you considering selling, buying or renting out your HDB flat in Pasir Ris?
Or simply curious about the HDB housing scene in Pasir Ris?
Check out the HDB median resale prices and rental statistics for Pasir Ris below.
I will be updating these statistics every quarter.
HOW ARE HDB RESALE PRICES IN PASIR RIS?
Quarterly Pasir Ris HDB Median Resale Prices up to Q3 2024
SALE ANALYSIS FOR PASIR RIS HDB RESALE FLATS
Note: All prices shown are median resale prices. The median price represents the middle value when all transactions in a quarter are arranged from lowest to highest, providing a better representation of the typical price than an average would.
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Pasir Ris’ resale market showed strong growth:
4-Room Flats:
- Starting median price (2020-Q1): $435,500
- Current price (2024-Q3): $596,000
- Median price appreciation: 36.9% in ~4 years
Key Observations:
- Steady upward trajectory
- Current price is historical peak
5-Room Flats:
- Starting median price (2020-Q1): $495,000
- Current price (2024-Q3): $700,000
- Median price appreciation: 41.4% in ~4 years
Key Observations:
- Current price is historical peak
- Crossed $700,000 mark in 2024-Q3
Executive Flats:
- Starting median price (2020-Q1): $608,300
- Current median price (2024-Q3): $865,000
- Median price appreciation: 42.2% in ~4 years
Key Observations:
- Peak of $870,000 in 2024-Q2
- Crossed $800,000 mark in 2023-Q1
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
3-Room Flats:
- Insufficient data for meaningful analysis
4-Room Flats:
- Starting median price (2007-Q2): $245,00
- Current median price (2024-Q3): $596,000
- Total median price appreciation: 143.3%
5-Room Flats:
- Starting median price (2007-Q2): $293,300
- Current median price (2024-Q3): $700,000
- Total median price appreciation: 138.7%
Executive Flats:
- Starting median price (2007-Q2): $362,000
- Current median price (2024-Q3): $865,000
- Total median price appreciation: 138.9%
P.S. HDB provides the median resale price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for the 3-room HDB flats in Pasir Ris is almost non-existent. There were less than 20 transactions in those quarters.
HIGHEST RESALE PRICE
Highest resale price achieved for the different Pasir Ris HDB flat types in 2024-Q3:
a) HDB 3-room flat: $615,000 @ 530C Pasir Ris Drive 1
b) HDB 4-room flat: $928,000 @ 607 Elias Road
c) HDB 5-room flat: $860,000 @ 530A Pasir Ris Drive 1
d) HDB executive flat: $1,038,000 @ 448 Pasir Ris Drive 6
Looking to sell your Pasir Ris HDB flat or explore your upgrading options?
I’ve helped many sellers. I can help you, too.
HOW ARE HDB RENTAL PRICES IN PASIR RIS?
Quarterly Pasir Ris HDB Median Rental Prices up to Q3 2024
RENTAL ANALYSIS FOR PASIR RIS HDB FLATS
(a) RECENT TREND ANALYSIS (2020-2024)
From 2020-Q1 to 2024-Q3, Pasir Ris’ rental market showed strong growth:
4-Room Flats:
- 2020-Q1: $2,000 → 2024-Q3: $3,200
- Increase: +60%
5-Room Flats:
- 2020-Q1: $2,100 → 2024-Q3: $3,500
- Increase: +66.7%
Executive Flats:
- 2020-Q1: $2,225 → 2024-Q3: $3,830
- Increase: +72.1%
Key Observations:
- Steepest rise began in 2022 due to post-pandemic demand
- Executive flats saw highest percentage increase
- Rental gaps range from $300 to $330 between flat types
- Limited 3-room flat transactions
(b) LONG TERM GROWTH (2007-2024)
Overall price changes from earliest data point to 2024-Q3:
4-Room Flats:
- 2007-Q2: $1,200 → 2024-Q3: $3,200
- Total Growth: +166.7%
5-Room Flats:
- 2007-Q2: $1,250 → 2024-Q3: $3,500
- Total Growth: +180%
Executive Flats:
- 2007-Q2: $1,450 → 2024-Q3: $3,830
- Total Growth: +164.1%
P.S. HDB provides the median rental price for a flat type only if the estate has at least 20 transactions for that quarter. This explains why the line graph for 3-room HDB flats in Pasir Ris is almost non-existent. There were less than 20 transactions for most quarters.
HIGHEST RENT
Highest rent achieved for the different Pasir Ris HDB flat types in 2024-Q3:
a) HDB 3-room flat: $3,600 @ 180 Pasir Ris Street 11
b) HDB 4-room flat: $4,300 @ 429 Pasir Ris Drive 6
c) HDB 5-room flat: $4,600 @ 516 Pasir Ris Street 52
d) HDB executive flat: $4,400 @ multiple locations
Looking to rent out your Pasir Ris HDB flat or explore your options?
I’ve helped many landlords. I can help you, too.
Check out the sales & rental trends in other HDB towns in Singapore.
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WHAT BRINGS YOU HERE TODAY?
Are you wondering what to do in today’s market?
Perhaps you already have a clear mind of what you want to do?
In my blog, I often share stories of the challenges, triumphs, and lessons learned in my work as a real estate agent in Singapore.
Regardless of your situation, you can use me as a sounding board. I’ll provide perspective and clarity from my experience.
