The Orie, a 777-unit condominium located at Lorong 1 Toa Payoh, will be showcased by City Developments Limited (CDL), Frasers Property and Sekisui House on Friday, January 3rd, with its official launch set for January 18th. The two 40-storey towers house a variety of unit sizes, ranging from a one-bedroom plus study at 517 square feet to five-bedroom apartments at 1,453 square feet. Prices for these units are as follows: $1.28 million ($2,476 per square foot) for the one-bedroom plus study; $1.48 million ($2,500 per square foot) for the two-bedroom; $2.09 million ($2,459 per square foot) for the three-bedroom; $2.92 million ($2,401 per square foot) for the four-bedroom; and $3.48 million ($2,395 per square foot) for the five-bedroom with an exclusive private lift. To find out the transaction prices and available units, search for the latest New Launches.The Orie marks the first private condo launch since 2016, when the Gem Residences, a 578-unit project, was launched and completed in 2020. The three major property developers came together to make the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. Their joint bid of $968 million amounted to a land rate of $1,360 per square foot per plot ratio (ppr). The joint venture is split 50:25:25 between CDL, Frasers Property, and Sekisui House.”We are delighted to start the New Year with the launch of The Orie, the first private residential development in Toa Payoh in over eight years,” says Sherman Kwek, CDL’s Group CEO. “Situated in the vibrant and highly sought-after Toa Payoh estate, homebuyers will reap the benefits of its central location and excellent connectivity.”The Orie is located just a five-minute walk from the Braddell MRT Station on the North-South Line (NSL). It is also near the Toa Payoh Integrated Transport Hub, linking the Toa Payoh Bus Interchange to the Toa Payoh MRT station. This new 12-hectare integrated development and community hub is expected to be completed by 2030, and will feature a sports centre with swimming pools, indoor sports halls, and other sports facilities, as well as a football stadium, polyclinic, and public library.The Orie, a 777-unit development, is the first private condo launch in Toa Payoh in over eight years (Source: EdgeProp Landlens)Other amenities nearby include the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall, and MacRitchie Reservoir. Families with children will also have access to a variety of schools in the neighborhood, such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.Read also: ANALYSIS: HDB towns with the highest number of million-dollar dealsAdvertisementAdvertisementHealthcare facilities nearby include the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital, and Thomson Medical Centre.Located in District 12 in the city fringe or Rest of Central Region (RCR), The Orie offers convenient access to the CBD and Orchard Road shopping belt, observes Soon Su Lin, CEO of Frasers Property Singapore. The development, which boasts over 40 condominium facilities, also features units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung.The Orie marks the beginning of “a new partnership” between Japanese developer Sekisui House and CDL, announces Takehisa Yanagi, managing officer and head of the international development department for Sekisui House. He adds that Sekisui House and Frasers Property have been working together on projects in Singapore for the past 13 years.Latest transactions at Gem ResidencesThe Gem Residences, a 578-unit development located at Lorong 5 Toa Payoh, was launched in 2016 and completed in 2020 (Source: EdgeProp Buddy)Check out the latest listings for The Orie propertiesAsk BuddyProject summary for The Orie condoCompare price trend of New sale condo vs Resale condoRecently launched projectsProjects that obtained TOP recentlyShow me condo listings in District 12Project summary for The Orie condoCompare price trend of New sale condo vs Resale condoRecently launched projectsProjects that obtained TOP recentlyShow me condo listings in District 12
The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art infrastructure. Condominiums, situated in desirable locations, offer a perfect mix of opulence and practicality that entices both locals and foreigners. These modern residences boast an array of facilities like swimming pools, fitness centers, and 24/7 security, elevating the standard of living and making them a sought-after option for potential renters and buyers. Moreover, these attributes make them a lucrative investment opportunity, with promising rental returns and long-term appreciation. Keep an eye out for New Condo Launches to add to the ever-evolving landscape of Singapore’s real estate market.