New Condo in Toa Payoh
The ingredients of life at GEM Residences.
For many years, a condo unit in this mature estate is considered under populated given it is right in the center of Singapore. It is well connected to major expressway like CTE and PIE which just around 20 mins drive can let you reach the edge of Singapore like woodlands, Pasir Ris and Tuas. Plenty of wet markets with fresh vegetable, meat and delicious hawker food. Going to town simply take the MRT, 3 stations away will be an Orchard MRT station, our busiest and most famous shopping belt.
Currently, Trevista at Lorong 3 is the newest private condo after Trellis Tower at Lor 1. The 99 year lease Trevista is completed in 2011 with 590 units, while Trellis Tower is a freehold property completed in 2000 with 384 units. Average transacted price at both locations is $13xx psf with highest going for $17xx psf, while rental is growing at an average of $3.80 psf.
On 18 June 2015, there is another piece of land for tender. This time is at the junction of Lorong 4 and Lorong 6, part of it is previously occupied by the Mobile petrol kiosk.
Of the 14 bidder, a group that includes Evia Real Estate, Great earth and Malaysia’s Gamuda Bhd offer the highest bid of $345.86 million, also known as Gem Group Pte Ltd, the project is also known as Gem Residences.
|Project Name||Gem Residences|
|Location||Lorong 6 Toa Payoh / Lorong 4 Toa Payoh|
|Site Area (approximate)||130,832.1144 sqft|
|Maximum GFA [GPR]||457,912.4 sqft [3.5]|
|Maximum Building Height||140m AMSL|
|Tenure||99 years with effect from 21 Sep 2015|
|Estimated TOP||April 2020 (on paper)|
ENJOY THE PRECIOUS THINGS IN LIFE WITH US:
01 – ON-DEMAND HOUSEKEEPING & LAUNDRY SERVICE
When you’re getting around all the time, it’s difficult to have freshly-laundered clothes ironed and ready whenever you need it. Has someone else deliver and collect them for you so that you can enjoy the pleasure of being home instead.
02 – ON-DEMAND HOTEL & AIRLINE BOOKING
We get it. You’d rather spend time on more important things than looking for the best flights and accommodation. We’ll do the hunt for you.
03 – PARCEL LOCKER SYSTEM
The thing about courier services is that you still have to be present to receive them. But not any more. Come back from a thousand miles away to the awaiting parcel(s) in your secured locker instead.
04 – ON-DEMAND LIVE EVENTS BOOKING
Make your trips, even better with spontaneous experiences. Just consult us — we know what’s happening wherever you are.
05 – YOGA & DANCE CLASSES
No better way to stretch out those joints after being cramped up in cabins than a yoga or dance class, we say. You don’t even have to travel. Bonus: these classes work wonders for hangovers too.
06 – BICYCLE MAINTENANCE BAY
There’s no worry here where to keep your bicycle safe without adding bulk into your home. Maintaining it is a breeze too with the bicycle pump and tap.
07 – TAXI WAITING BAY
Travelling is tiring enough without the need to worry about transport to the airport. We make the ride smoother for both you and the driver.
08 – ON-DEMAND PREMIUM GOODS SHOPPING
We’ve been there. Sometimes you regret not getting that pair of shoes or antique chair that caught your eye overseas. Let us know. We’ll bring it back for you.
Terms & conditions apply. Charges may apply for concierge requests.
Gem Residences location
One of the old town in Singapore, recently had been transformed into a modern town with HDB Hub setting their headquarters here.
There are plenty of eateries in this area with people all over Singapore coming for the strong local flavour dishes.
Never mind, there are plenty of factory and offices for good rental return or for own stay, going any places to work is just as convenient with a major expressway just at doorsteps that going to the far end of the island take approximately 20mins drive, going to town is even nearer.
If you prefer public transport, going anywhere will be so convenient with
- Toa Payoh Bus interchange and 3 MRT line;
- Circle line,
- North South line
- Future Thomson East Coast line
Peichun Public School is one of the very sought after primary school here in Singapore with many others in the precinct.
For mums who like to cook, there are supermarket and so many wet markets for fresher option.
Prices for Gem Residences
On 23 Jun 2015, the site has been awarded to a group comprising; Maxdin Pte Ltd, Evia Real Estate (7) Pte Ltd and Gamuda Berhad at the price of $345,860,000.
Including Construction cost and profit, it is expected to sell above $1,400 psf.
Sale of unit expected to be 3rd quarter of 2016 and If they want to do well in this current market, very much will depend on the idea of the overall design including unit layout, marketing and pricing strategy from the developer.
In the first day of launched, the pricing was cleverly pegged to today’s market sentiment. Starting from $578000 for a 1 bedder, this pricing attracts buyer attention and is now fully sold.
3 Bedroom (Left 2 units)
3 Bedroom TRIOS
4 Bedroom (Left 1 unit)
5 Bedroom (Left 1 unit)
Information is accurate as at [06/02/2019] and pricing are indicative/“while stocks last” basis.”
Gem Residences Floor Plan
New Layout for 3 bedroom
4 Bedroom Layout
5 Bedroom Layout
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