Investing in a condo in Singapore has many advantages, with one of the key ones being the potential for capital appreciation. Due to its strategic location as a global business hub and strong economic fundamentals, Singapore experiences consistent demand for real estate. As a result, property prices in the country have shown a positive trend over the years, particularly for condos in prime locations. Savvy investors who enter the market at the right time and hold onto their properties for the long term can reap substantial capital gains.
City Developments Limited (CDL), Frasers Property and Sekisui House have announced the preview of their new condominium project, The Orie, on Friday, Jan 3, with the official launch taking place on Jan 18. With a prime location at Lorong 1 Toa Payoh, the private condo is situated at the intersection of Lorong 4 Toa Payoh and comprises of 777 units across two 40-storey towers. The unit types range from one-bedroom plus study (517 sq ft) to five-bedroom (1,453 sq ft) apartments. Prices start at $1.28 million ($2,476 psf) for the one-bedroom option, $1.48 million ($2,500 psf) for a two-bedroom, and $3.48 million ($2,395 psf) for the largest options of a five-bedroom with exclusive private lift. Interested buyers can search for the latest New Launches for available units and transaction prices. The Orie is the first private condo to be launched in the area since 2016, when the 578-unit Gem Residences was introduced and subsequently completed in 2020. The highly sought-after spot was secured by the three major property developers after submitting the highest bid for a land parcel, amounting to $968 million, which equates to a land rate of $1,360 psf per plot ratio (ppr). CDL, Frasers Property and Sekisui House have formed a joint venture with a 50:25:25 split respectively. “We are excited to kick off the new year with the launch of The Orie, which marks the first private residential project in Toa Payoh in over eight years,” shared CDL’s group CEO, Sherman Kwek. “Nestled in the bustling and highly desirable Toa Payoh estate, potential homeowners will benefit from its strategic location and excellent connectivity.” The Orie’s proximity to Braddell MRT Station on the North-South Line (NSL) is a major plus, which is only a five-minute walk away. It is also near the Toa Payoh Integrated Transport Hub, which connects the Toa Payoh Bus Interchange with Toa Payoh MRT station. The new 12-ha mixed-use development and community hub is set to be completed in 2030 and will feature a sports centre, football stadium, polyclinic, and a public library, along with a variety of other sports and recreational facilities. The condo is also conveniently located near multiple amenities such as the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. For families, nearby schools include Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School. Medical facilities in the vicinity include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre. Positioned within District 12, which is part of the city fringe or Rest of Central Region (RCR), residents of The Orie will have easy access to the CBD and Orchard Road shopping belt, as noted by Frasers Property Singapore’s CEO, Soon Su Lin. The development boasts of over 40 condominium facilities, energy-efficient units with practical layouts, top-notch fittings by Hansgrohe, high-quality bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung. Takehisa Yanagi, managing officer and head of international development department at Sekisui House, has expressed his excitement for the new partnership between Sekisui House and CDL, but also mentions that they have a longstanding partnership with Frasers Property spanning 13 years. For those interested in the latest transactions at the nearby Gem Residences, a 578-unit condo also located at Lorong 5 Toa Payoh, they can check out the latest listings for The Orie properties and use EdgeProp Buddy to see the project summaries for The Orie condo, a comparison of price trends for new sale and resale condos, recently launched projects, and listings in District 12.