Investing in a condo in Singapore offers numerous advantages, with one of the key benefits being the potential for capital appreciation. Singapore’s strategic positioning as a global business hub, combined with its robust economic foundation, continuously drives demand for real estate. As a result, property prices in Singapore have consistently shown an upward trend, particularly in prime locations where condo ownership has yielded significant appreciation. For savvy investors who enter the market at the opportune moment and hold onto their properties for a prolonged period, the potential for substantial capital gains is considerable. Condos present a promising investment opportunity in Singapore’s thriving real estate market.
The Orie: A New Launch Condo in Toa Payoh for the New YearIn a joint effort, City Developments Limited (CDL), Frasers Property and Sekisui House are set to launch their latest development, The Orie on Friday, Jan 3. The launch is scheduled to be held on Jan 18 and is highly anticipated by homebuyers, as it is the first private condo launch in Toa Payoh in over eight years.Situated at Lorong 1 Toa Payoh, where it meets with Lorong 4 Toa Payoh, The Orie will offer a total of 777 units spread across twin 40-storey towers. The unit types range from one-bedroom plus study units starting at 517 sq ft to five-bedroom apartments of 1,453 sq ft.Pricing for the units begins at $1.28 million ($2,476 psf) for a one-bedroom plus study unit and climbs to $3.48 million ($2,395 psf) for a five-bedroom unit with an exclusive private lift.What sets this new development apart is its super low energy design, which aims to provide a sustainable living experience for its residents. Additionally, The Orie boasts over 40 condominium facilities and units with efficient layouts. Top-quality fittings from Hansgrohe, Duravit, De Dietrich, and Samsung are also included in each unit.CDL’s Group CEO Sherman Kwek expresses his excitement for the launch, stating, “We are thrilled to start the New Year with the introduction of The Orie, the first private residential launch in Toa Payoh in over eight years. With its prime location in the bustling and highly desirable Toa Payoh estate, residents will enjoy effortless connectivity to the city.”The development is within walking distance of Braddell MRT Station on the North-South Line (NSL) and is near the upcoming Toa Payoh Integrated Transport Hub, which will connect the Toa Payoh Bus Interchange to the Toa Payoh MRT Station. This 12-ha development includes sports facilities, a polyclinic, a public library, and a football stadium and is set to be completed in 2030.Families living at The Orie have the convenience of being within close proximity to various amenities such as the Toa Payoh Town Centre, SAFRA Toa Payoh, Junction 8 shopping mall, and MacRitchie Reservoir. Additionally, the development is surrounded by reputable schools like Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.Other facilities nearby include Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital, and Thomson Medical Centre.Located within District 12 in the city fringe or Rest of Central Region (RCR), The Orie is situated close to the Central Business District (CBD) and Orchard Road shopping belt, making it ideal for those who work in the area or enjoy shopping.Soon Su Lin, CEO of Frasers Property Singapore, notes that The Orie offers residents easy access to the city as well as top-quality facilities and finishes. She further emphasizes the development’s sustainable features, stating, “The Orie is a super low energy design that ensures environmentally-friendly living for our residents. With this feature, residents will be able to embrace a sustainable lifestyle and address their impact on the environment.”Takehisa Yanagi, managing officer and head of the international development department at Sekisui House, shares his excitement for the new development, saying, “The Orie marks a new partnership between Sekisui House and CDL. We are eager to bring our expertise and experience to the Singapore market with this project. However, we have been working with Frasers Property for the past 13 years on various developments in Singapore.”The Orie follows in the footsteps of popular new developments like the 578-unit Gem Residences, which was launched in 2016 and was completed in 2020. The units at The Orie, along with other new launch condominiums, are available for viewing and purchase on EdgeProp’s website, which provides the latest information on prices and available units.