About Orie Condo Developer
About Orie Condo Developer
Blog Article
Much like the recent new launch, Chuan Park, you can find just a constrained range of resale condos in the area. Between them, Gem Residences stands out as the only definitely comparable progress. The next youngest project is Trevista, followed by two noticeably older condominiums.
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At an average price of $two,600 psf, The Orie provides a more functional structure for around $200k a lot more than Gem Residences, which makes it a persuasive alternative. On the other hand, a draw back is The shortage of organic ventilation, one thing Gem Residences gives, even though this is usually the case with far more compact layouts.
With its exclusive origami-motivated architectural style and design and polished interiors, The Orie features the perfect blend of recent sophistication throughout the charms of the beloved Toa Payoh neighbourhood.
In 2024, just about sixty% of potential buyers at Gem Residences are HDB upgraders, highlighting that almost all of Individuals in search of anything new in the area most likely come from HDB flats. Coupled with the constrained supply, this positions The Orie to capitalise on demand from customers from HDB upgraders close by.
Prevalent Bedrooms The prevalent bedrooms while in the Orie are marginally greater, permitting for a queen-sized mattress comfortably. In Gem Residences, Whilst you can fit a queen-sized mattress, the Area is a lot more restricted without having as much adaptability.
Even so, when you’re in the marketplace for a completely new start at this moment, here’s a snapshot of what’s available.
It’s vital that you Be aware that breakeven transactions built up a small part and are excluded from your analysis. Gem Residences done pretty properly, offering a median return of twenty.5% for many who made a financial gain. Only one particular person recorded a decline, even though 158 The Orie Discount buyers noticed gains.
Even so, pricing stays a vital variable. While Trevista features a transaction volume similar to Gem Residences, only 30% of its purchasers are upgraders. This is likely driven by Trevista’s greater price details, which we’ll check out even further underneath.
One method to gauge the probable results or worries to the Orie is by analyzing the functionality of Gem Residences, presented the related provide dynamics at the time of its launch.
Though The Orie isn’t instantly corresponding to possibly of these two projects, it does share equivalent functions, including getting a full-fledged condo, part of the mass-market phase, and Positioned near the MRT and vital facilities.
If 15% of such households opt to upgrade, we’re investigating around 893 potential upgraders. For anyone seeking newer non-public developments, the available alternatives are limited to The Orie, Gem Residences, and possibly Trevista – while Trevista’s pricing has a tendency to be on the higher side.
We’ve also as opposed Gem Residences to The Orie’s smallest unit for every Bed room variety, indicating the price discrepancies may very well be even larger.
Listed here’s an summary from the HDB provide throughout Singapore, dependant on the entire amount of flats bought. Note that this info excludes HDB flats rented out specifically by HDB.
It’s essential to note that Gem Residences won't provide a dual-vital layout but alternatively a triple-crucial structure, that's another principle completely and not directly comparable.
The Orie appeals to homebuyers with its thoughtful structure, effectively-curated Way of life facilities and key location close to the city centre. What's more, with Toa Payoh undergoing a major rejuvenation, homebuyers can stay up for Improved community amenities and an elevated living expertise.”