The Orie, a 777-unit private condo, is set to be previewed on Jan 3 and officially launched on Jan 18. Located at Lorong 1 Toa Payoh, the development is a joint venture between City Developments Limited (CDL), Frasers Property, and Sekisui House. The units are spread across twin 40-storey towers and are priced from $1.28 million for a one-bedroom plus study unit of 517 sq ft to $3.48 million for a five-bedroom unit of 1,453 sq ft with an exclusive private lift.The Orie is the first new launch of a private condo in Toa Payoh since 2016 when Gem Residences, a 578-unit development, was launched. The three major property developers joined forces to submit the highest bid of $968 million for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. The joint venture is a 50:25:25 split between CDL, Frasers Property, and Sekisui House. According to Sherman Kwek, CDL’s group CEO, “We are excited to usher in the New Year with the launch of The Orie, the first private residential launch in Toa Payoh in over eight years.” He adds, “Nestled in the vibrant and highly sought-after Toa Payoh estate, homebuyers will benefit from its central location and excellent connectivity.”The development is conveniently situated just a five-minute walk from Braddell MRT Station on the North-South Line (NSL). It is also in close proximity to the Toa Payoh Integrated Transport Hub, which connects Toa Payoh Bus Interchange to Toa Payoh MRT station. The new 12-ha integrated development and community hub, which is set for completion in 2030, will include a sports centre, a football stadium, a polyclinic, and a public library. Other nearby amenities include the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall, and MacRitchie Reservoir. Families with school-going children can choose from Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, First Toa Payoh Primary School, and more. Healthcare facilities in the vicinity include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital, and Thomson Medical Centre.The Orie is situated within District 12 in the city fringe or Rest of Central Region (RCR), providing easy access to the CBD and Orchard Road shopping belt. According to Soon Su Lin, CEO of Frasers Property Singapore, the super low energy development boasts more than 40 condominium facilities, efficient layouts, top-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 at Sekisui House, notes that The Orie marks “a new partnership” between Sekisui House and CDL. However, he adds that Sekisui House and Frasers Property have worked together on projects in Singapore for the past 13 years.
Location plays a pivotal role in real estate investments, and this holds particularly true in Singapore. Condominiums located in central areas or near crucial amenities, such as schools, shopping malls, and public transportation hubs, tend to experience a higher appreciation in value. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) are perfect examples of areas where property values have consistently seen growth. Additionally, the proximity to reputable schools and educational institutions also makes condominiums in these locations highly sought-after among families, thus further increasing their investment potential. To stay updated on new and upcoming condominium launches in Singapore, be sure to check out The Belle Game.