City Developments Limited (CDL), Frasers Property and Sekisui House are set to unveil The Orie, a private condo development comprising of 777 units. Located at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, the project will be available for preview on Friday, Jan 3, and its official launch is scheduled for Jan 18.This will be the first private condo launch in Toa Payoh in over eight years, with the last being the 578-unit Gem Residences launched in 2016 and completed in 2020. The Orie will feature twin 40-storey towers and a mix of one-bedroom plus study units ranging from 517 sq ft to five-bedroom apartments of 1,453 sq ft. Prices for the units start from $1.28 million ($2,476 psf) for the smallest one-bedroom plus study unit, up to $3.48 million ($2,395 psf) for the largest five-bedroom unit with an exclusive private lift.The Orie is a joint venture between CDL, Frasers Property and Sekisui House, with a 50:25:25 split respectively. They submitted the highest bid of $968 million, translating to a land rate of $1,360 psf per plot ratio (ppr) for the Government Land Sales (GLS) site at Lorong 1 Toa Payoh. The project marks a new collaboration between CDL and Japanese developer Sekisui House, although Frasers Property and Sekisui House have been working together on projects in Singapore for the past 13 years.Nestled in the highly sought-after Toa Payoh estate, The Orie boasts a central location with excellent connectivity. It is a five-minute walk to Braddell MRT Station on the North-South Line (NSL) and will also be near the Toa Payoh Integrated Transport Hub, which is expected to be completed in 2030. The hub will feature a sports centre, football stadium, polyclinic and public library.Soon Su Lin, CEO of Frasers Property Singapore, notes that The Orie’s location within the city fringe of District 12 or Rest of Central Region (RCR) offers easy access to the CBD and Orchard Road shopping belt. The development will feature over 40 condominium facilities, units with efficient layouts, quality fittings and premium appliances.Besides the amenities within its vicinity, The Orie is also near renowned schools such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. Healthcare facilities in the area include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre.For those looking to get their hands on a unit at The Orie, they can look towards Gem Residences for the latest transactions. Launched in 2016 and completed in 2020, the 578-unit Gem Residences at Lorong 5 Toa Payoh has seen its fair share of million-dollar deals. Interested buyers can also check out other projects within the district, past and recently launched, as well as those that have already obtained TOP.City Developments Limited (CDL), Frasers Property and Sekisui House are set to unveil The Orie, a private condo development comprising of 777 units. The Orie will be available for preview on Friday, Jan 3, and officially launched on Jan 18, at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh.This is the first private condo launch in Toa Payoh in over eight years, with the last being the 578-unit Gem Residences launched in 2016 and completed in 2020. The Orie features twin 40-storey towers and a mix of one-bedroom plus study units starting from 517 sq ft up to five-bedroom apartments of 1,453 sq ft. The prices range from $1.28 million ($2,476 psf) for the smallest one-bedroom plus study unit to $3.48 million ($2,395 psf) for the largest five-bedroom unit with an exclusive private lift.The Orie is a joint venture between CDL, Frasers Property and Sekisui House, with a 50:25:25 split respectively. They submitted the highest bid of $968 million, translating to a land rate of $1,360 psf per plot ratio (ppr) for the Government Land Sales (GLS) site at Lorong 1 Toa Payoh. The project marks a new collaboration between CDL and Japanese developer Sekisui House, although Frasers Property and Sekisui House have been working together on projects in Singapore for the past 13 years.Nestled in the highly sought-after Toa Payoh estate, The Orie boasts a central location with excellent connectivity. It is five minutes from Braddell MRT Station on the North-South Line (NSL) and will also be near the Toa Payoh Integrated Transport Hub, which is expected to be completed in 2030. The hub will feature a sports centre, football stadium, polyclinic and public library.Soon Su Lin, CEO of Frasers Property Singapore, notes that The Orie’s location within the city fringe of District 12 or Rest of Central Region (RCR) offers easy access to the CBD and Orchard Road shopping belt. The development will feature over 40 condominium facilities, units with efficient layouts, quality fittings and premium appliances.Besides the amenities within its vicinity, The Orie is also near renowned schools such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. Healthcare facilities in the area include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre.For those looking to purchase a unit at The Orie, they can look towards Gem Residences for the latest transactions. Launched in 2016 and completed in 2020, the 578-unit Gem Residences at Lorong 5 Toa Payoh has seen its fair share of million-dollar deals. Interested buyers can also check out other projects within the district, past and recently launched, as well as those that have already obtained TOP.
Investing in a condo in Singapore offers a multitude of advantages. With a high demand for these properties, potential for capital appreciation, and attractive rental yields, they are a highly sought-after investment option. However, before making any decisions, it is crucial to carefully consider various factors. These include the location of the condo, financing options, government regulations, and the current market conditions. By conducting thorough research and seeking professional advice, investors can make well-informed choices and maximize their returns in Singapore’s constantly evolving real estate market. Whether you are a local investor looking to diversify your portfolio or a foreign buyer in search of a stable and profitable investment, condos in Singapore present a compelling opportunity to achieve your financial goals.