City Developments Limited (CDL), Frasers Property and Sekisui House are gearing up to launch The Orie, a 777-unit private condo, on Jan 3, with an official launch date set for Jan 18. Located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh, the twin 40-storey towers will offer a mix of one-bedroom plus study units ranging from 517 sq ft to five-bedroom apartments of 1,453 sq ft, with prices starting from $1.28 million for a one-bedroom plus study unit and going up to $3.48 million for a five-bedroom unit with an exclusive private lift. The Orie is the first private residential project to be launched in Toa Payoh since 2016, when the 578-unit Gem Residences was launched and completed in 2020.The joint venture between the three major developers was formed after they placed the highest bid of $968 million for the Government Land Sales (GLS) site at Lorong 1 Toa Payoh, translating to a land rate of $1,360 psf per plot ratio (ppr) for the site. The project, with a 50:25:25 split between CDL, Frasers Property and Sekisui House, aims to cater to homebuyers seeking a central location and excellent connectivity, with the Braddell MRT Station on the North-South Line (NSL) a five-minute walk away and the Toa Payoh Integrated Transport Hub nearby, which will connect Toa Payoh Bus Interchange to the MRT station and comprise a 12-ha integrated development and community hub that is set to be completed by 2030.The Toa Payoh community is also home to various amenities, including the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. Families will also benefit from the proximity to schools in the area, such as Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools and First Toa Payoh Primary School. As for healthcare facilities, residents can easily access the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre.Boasting over 40 condominium facilities and units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung, The Orie promises a luxurious and energy-efficient living experience. The project marks a new partnership between Japanese developer Sekisui House and CDL, while the collaboration between Sekisui House and Frasers Property has been ongoing for the past 13 years.
Investing in a Singapore condo has become a popular choice for both local and international investors. The country’s strong economy, stable political climate, and high standard of living make it an attractive prospect for those looking to invest in real estate. With a thriving real estate market, Singapore offers a plethora of opportunities, with condos being a particularly sought-after option due to their convenience, amenities, and potential for profitable returns. In this article, we will explore the benefits, essential considerations, and crucial steps to take when investing in a Singapore condo.