CDL, Frasers Property and Sekisui House have announced the launch of their latest project, The Orie. The private condominium, located at the intersection of Lorong 1 Toa Payoh and Lorong 4 Toa Payoh, will be previewed on Friday, Jan 3, with the official launch set for Jan 18.
The Orie comprises of 777 units spread across twin 40-storey towers. The units range from one-bedroom plus study apartments of 517 sq ft to spacious five-bedroom apartments of 1,453 sq ft. Prices start from $1.28 million ($2,476 psf) for a one-bedroom plus study, $1.48 million ($2,500 psf) for a two-bedroom, $2.09 million ($2,459 psf) for a three-bedroom, $2.92 million ($2,401 psf) for a four-bedroom, and $3.48 million ($2,395 psf) for a five-bedroom unit with an exclusive private lift. Interested buyers can search for the latest New Launches to find out the transaction prices and available units.
The Orie marks the first private condo launch since 2016, when the 578-unit Gem Residences was launched and completed in 2020. This new project is a joint venture between the three major property developers who were awarded the Government Land Sales (GLS) site at Lorong 1 Toa Payoh. Their winning bid of $968 million translates to a land rate of $1,360 psf per plot ratio (ppr). The joint venture is split in a 50:25:25 ratio between CDL, Frasers Property and Sekisui House.
“We are delighted to kickstart the new year with The Orie, the first private residential launch in Toa Payoh in over eight years,” says Sherman Kwek, CDL’s group CEO. He adds that buyers will benefit from its location in the vibrant and highly sought-after Toa Payoh estate, with its central location and excellent connectivity.
When it comes to investing in real estate, the location you choose plays a crucial role, and this is especially true in Singapore. A condo’s location in central areas or near essential amenities such as schools, shopping malls, and public transportation hubs can significantly impact its value appreciation. Prime locations like Orchard Road, Marina Bay, and the Central Business District (CBD) have consistently shown growth in property values over the years. Additionally, condos in these areas are highly sought after by families due to their proximity to excellent schools and educational institutions, further enhancing their investment potential. For more information on Singapore projects, visit Singapore Projects.
The Orie is just a five-minute walk to Braddell MRT Station on the North-South Line (NSL) and is close to the upcoming Toa Payoh Integrated Transport Hub. This new 12-ha integrated development and community hub is set to be completed in 2030 and will feature a sports centre, football stadium, polyclinic, public library, and other sports facilities. It will also connect Toa Payoh Bus Interchange to Toa Payoh MRT station. Other nearby amenities include the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir.
Families will appreciate the proximity to 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.
The Orie, situated within District 12 in the city fringe or Rest of Central Region (RCR), offers easy access to the CBD and Orchard Road shopping belt, notes Soon Su Lin, CEO of Frasers Property Singapore. The development boasts over 40 condominium facilities, efficient layouts, 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, says that The Orie marks a new partnership between the Japanese developer and CDL. However, he adds that Sekisui House and Frasers Property have been working together on projects in Singapore for the past 13 years.
Interested buyers can also check out the latest transactions at Gem Residences to get an idea of the current market prices. For more information on The Orie, interested buyers can refer to the project summary, compare price trends between new and resale condos, check out the recently launched projects, and browse the listings in District 12.