Much like the current new start, Chuan Park, you can find only a limited number of resale condos in the area. Among the them, Gem Residences stands out as the sole certainly similar enhancement. The following youngest project is Trevista, accompanied by two substantially more mature condominiums.

Even so, pricing doesn’t exist within a vacuum. The Orie is found in Toa Payoh, an estate mostly produced up of HDBs. This may suggest that purchasers here are far more price-sensitive, as HDB upgraders are very likely to kind the Main audience.

At a mean price of $two,600 psf, The Orie provides a much more functional format for approximately $200k greater than Gem Residences, which makes it a persuasive possibility. However, a draw back is The dearth of purely natural air flow, something Gem Residences presents, nevertheless this is commonly the situation with a lot more compact layouts.

The Orie stands out with its effective dumbbell layout, which makes it the obvious winner when put next to Gem Residences, which suffers from the fewer practical design and style.

Looking at the listing record, Many of these units happen to be that you can buy given that early 2024, which means they’ve been selling for virtually a calendar year with no accomplishment.

In the last a few many years, only 341 units have been bought in Toa Payoh, averaging just 114 units a year. For those trying to up grade to non-public assets or move within the location, this represents a relatively modest amount, very likely constrained via the limited source.

Having said that, if you’re in the market for a whole new launch right this moment, below’s a snapshot of what’s available.

Whilst The Orie incorporates a $400k price change, the added Area and practical layout could justify the high quality, specifically for younger partners or smaller family members.

On the other hand, pricing continues to be an important factor. Whilst Trevista incorporates a transaction quantity just like Gem Residences, only 30% of its customers are upgraders. This is probably going driven by Trevista’s better price details, which we’ll explore even more down below.

One method to gauge the prospective accomplishment or troubles for that Orie is by inspecting the general performance of Gem Residences, specified the identical offer dynamics at enough time of its launch.

Whilst The Orie isn’t right akin to both of these two projects, it does share equivalent functions, including getting a full-fledged condo, A part of the mass-marketplace phase, and Positioned near the MRT and crucial amenities.

The two bedrooms within the Orie are generously sized, compared with some units at Gem Residences, wherever the second bedroom is sufficiently small only to fit one bed.

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Listed here’s an summary of the HDB provide throughout Singapore, based on the whole amount of flats bought. Be aware that this knowledge excludes HDB flats rented out directly by HDB.

It’s important to Observe that Gem Residences doesn't present you with a dual-critical layout but relatively a triple-key layout, which is a unique concept entirely and in a roundabout way equivalent.

Moreover, we will analyse the proportion of HDB upgraders The Orie Showflat Virtual Tour across different aspects of Singapore by analyzing purchaser address knowledge depending on planning places: