The Orie, a collaboration between City Developments Limited (CDL), Frasers Property and Sekisui House, will have its preview on Friday, January 3, with the official launch following on January 18. The new private condo is located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh. It boasts a total of 777 units, spread across twin 40-storey towers. Depending on the unit type, the sizes range from a cozy 517 square feet one-bedroom plus study unit to a luxurious 1,453 square feet five-bedroom apartment. Prices for units at The Orie start at $1.28 million for a one-bedroom plus study unit, which works out to a price per square foot (psf) of $2,476. A two-bedroom unit, with a size of 592 sq ft, is priced at $1.48 million ($2,500 psf), while a three-bedroom unit, at 850 sq ft, is going for $2.09 million ($2,459 psf). For those seeking even more space, a four-bedroom apartment, at 1,216 sq ft, costs $2.92 million ($2,401 psf), while the five-bedroom with exclusive private lift will set you back $3.48 million ($2,395 psf).Interested buyers can look for the latest new launches to find out the transaction prices and available units.In fact, The Orie is the first private condo to be launched since 2016, when the 578-unit Gem Residences was introduced to the market. The construction for this project was completed in 2020.The three major property developers came together to submit the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh, with a bid of $968 million. This translates to a land rate of $1,360 psf per plot ratio (ppr) for the site. Furthermore, the joint venture saw a 50:25:25 split between CDL, Frasers Property, and Sekisui House.CDL’s group CEO, Sherman Kwek, echoes this sentiment, stating, “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. Nestled in the vibrant and highly sought-after Toa Payoh estate, homebuyers will benefit from its central location and excellent connectivity”.The Orie is conveniently located just a five-minute walk away from Braddell MRT Station, along the North-South Line (NSL). Furthermore, the project is located near the Toa Payoh Integrated Transport Hub, which connects Toa Payoh Bus Interchange to Toa Payoh MRT Station. This new integrated development and community hub, which spans over 12 hectares, is slated for completion in 2030. It will boast a sports centre with swimming pools, indoor sports halls, and other sports facilities, a football stadium, a polyclinic, and a public library. But that’s not all. The development will also house an extensive range of lifestyle amenities, including a wide array of shopping and dining options at the adjacent town centre.The Orie is also close to several amenities, such as the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 Shopping Mall, and MacRitchie Reservoir. For families with children, there are quite a few schools located within the vicinity, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.Interested in healthcare facilities? The neighbourhood is well-equipped with several options, such as 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). As such, it provides easy access to the CBD and Orchard Road shopping belt, notes Soon Su Lin, CEO of Frasers Property Singapore.The development also boasts energy-efficient features, with over 40 condominium facilities, units with efficient layouts, and high-quality fittings, such as Hansgrohe bathroom fixtures, Duravit bathroom wares, and premium home appliances by De Dietrich and Samsung.Mr. Takehisa Yanagi, managing officer and head of the international development department at Sekisui House, reveals that this project marks their partnership with CDL. With that being said, he also adds that Sekisui House and Frasers Property have been collaborating on various projects in Singapore for the past 13 years.Please don’t forget to also check out the latest listings for The Orie properties, get the latest transaction prices, and find out what units are currently available for purchase.
When contemplating an investment in a condominium, securing financing is a critical aspect to take into account. Luckily, Singapore provides a multitude of mortgage choices for potential investors. Nevertheless, it is essential to have a thorough understanding of the Total Debt Servicing Ratio (TDSR) framework, which imposes a limit on the amount of loan a borrower can acquire, based on their income and existing debt responsibilities. Seeking guidance from financial advisors or mortgage brokers can aid investors in navigating the TDSR and making well-informed decisions regarding their financing options, preventing them from overextending themselves. It is imperative to keep this in mind, especially when exploring the plethora of new condo launches in Singapore. While these launches may offer appealing financing packages, it is crucial to consider all aspects before arriving at a decision.