City Developments Limited (CDL), Frasers Property and Sekisui House will be giving a sneak-peek of their latest project, The Orie, on Friday, Jan 3, with the official launch taking place on Jan 18. The 777-unit private condominium is situated at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh. The two tall 40-storey towers houses various one-bedroom plus study units starting from 517 square feet to five-bedroom apartments of 1,453 square feet. Unit prices are as follows: S$1.28 million (S$2,476 per square foot) for a 517 square feet one-bedroom plus study, S$1.48 million (S$2,500 per square foot) for a 592 square feet two-bedroom, S$2.09 million (S$2,459 per square foot) for an 850 square feet three-bedroom, S$2.92 million (S$2,401 per square foot) for a 1,216 square feet four-bedroom and S$3.48 million (S$2,395 per square foot) for a 1,453 square feet five-bedroom with an exclusive private lift. Interested buyers can search for the latest available units and transaction prices by visiting New Launches. This marks the first new launch of a private condominium since 2016, when Gem Residences, with 578 units, was launched and subsequently completed in 2020. The three major property developers who have come together for this project submitted the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. The joint bid amounted to $968 million, which means the land rate stands at $1,360 per square foot per plot ratio (ppr) for the site. The venture is evenly divided between City Developments Limited, Frasers Property and Sekisui House. “We are excited to launch our first private residential project in the Toa Payoh area in over eight years, and we are delighted to welcome the new year with The Orie,” said Sherman Kwek, group CEO of CDL. He added, “Situated in the bustling and highly sought-after Toa Payoh district, residents will enjoy a central location and excellent connectivity.” For commuters, The Orie is located a five-minute stroll from the Braddell MRT Station situated along the North-South Line (NSL). It is also located close to the Toa Payoh Integrated Transport Hub that links the Toa Payoh Bus Interchange to the Toa Payoh MRT station. The integrated development, spanning over an area of 12 hectares, is estimated to be completed by 2030. It is set to house an interesting array of facilities, including an indoor sports hall, various sports amenities and large swimming pools, a football stadium, a public library and a polyclinic amongst other things. The Orie is located within close proximity to several amenities in the neighbourhood, such as the Toa Payoh Town Centre, the HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and the MacRitchie Reservoir. Families with young children can choose from a range of primary schools including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. Medical facilities in the area include Tan Tock Seng Hospital, Toa Payoh Polyclinic, Mount Elizabeth Novena Hospital, Mount Alvernia Hospital and the Thomson Medical Centre. The Orie is situated in District 12 in the Rest of Central Region (RCR), providing easy access to Orchard Road shopping belt and the Central Business District, Su Lin Soon, CEO of Frasers Property Singapore. The energy-efficient property boasts more than 40 condominium facilities, well-structured layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung. Takehisa Yanagi, managing officer and head of international development department for Sekisui House, described The Orie as the first of a new partnership with CDL. However, he mentioned that Sekisui House and Frasers Property had worked on projects together in Singapore for 13 years. The latest transactions at Gem Residences include the 578-unit property situated at Lorong 5 Toa Payoh, which was launched in 2016 and completed in the year 2020. You can check out the latest listings for The Orie by visiting Ask Buddy. Moreover, you can also compare the price trend of resale condos against new sale condos, by checking out the latest listings for recently launched projects, projects that have obtained TOP recently and Condo listings in District 12.
Singapore has emerged as a top destination for investors looking to purchase a condo, whether they are local or from overseas. With its strong economy, stable political climate, and exceptional quality of life, the city-state presents a promising real estate market with a variety of lucrative opportunities. Among these, condos have gained immense popularity for their convenience, modern amenities, and potential for high returns. In this article, we will delve into the advantages, factors to consider, and necessary steps to take when investing in a condo in Singapore, including exploring current Singapore projects.