Gem Residences

[SGPropLaunch]

Gem Residences Toa Payoh is poised to be the next condominium under the real estate market spotlight. After a long wait of seven years, HDB finally released a private residential site in the matured Toa Payoh estate. Competitively bided by 14 hopeful developers, the new Toa Payoh condo attracted a top bid of S$345.86 million from Evia Real Estate and Malaysia’s Gamuda Bhd. This works out to be approximately $747 per square foot per plot ratio and a break even of $1250 psf factoring in construction and other miscellaneous costs. Property expert forecast the Gem Residences psf to be in the range of $1450psf to $1550 psf during launch.

[CSH]

Here are more details on the GEM Residences. Showflat will open for viewing in April 2016. The 1st new condo launch in Toa Payoh in over 6 years!

Highlights of GEM Residences
. City fringe condo in established housing estate
. About 6 minutes walk to Braddell MRT Station
. Around 15 minutes walk to Toa Payoh MRT Station
. Lots of reasonably priced shops, markets, supermarkets around
. Quick access to Pan Island Expressway (PIE) and Central Expressway (CTE).


GEM Residences Price
. Detailed pricing not available yet
. Expected to start from $6xxK for a one bedroom unit


Other Facts
. Positioned at corner of Toa Payoh Lorong 6 and Lorong 4
. Comprises 1 tower of 38 storeys and 1 tower of 37 storeys, with multi storey car park
. 578 units
. 1, 2, 3, 4, and 5 bedroom units + 2 penthouses
. TOP April 2020
. 99 year leasehold


GEM Residences Showflat
. Slated to open for viewing from 29 April 2016
. Booking in May 2016 for those who registered beforehand


View the GEM Residences floor plan for more details. Thanks for your interest!