Lorong 4 and 6 Toa Payoh
- 578 / 12,156 sqm
- 1 bedroom to 5bedrooms
- Partially Furnished
- Built in 2020
- Property is Available
- Property is for For Sale
- Listed 2 years ago
GEMS Residences @ Toa Payoh by Evia Real Estate (7) Pte Ltd, Maxdin Pte Ltd and Gamuda Berhad
GEMS Residences Condo is 99 years brand new leasehold unique development situated at the junction of Lorong 4 and Lorong 6 Toa payoh, with a land size of 12,156sqm and was one of the highly anticipated plot of land to be bidded among the developers!
A highly contested plot of land of 14 bids was finally awarded to Evia Real Estate at the price of $345.86million which equates to around $755psf ( per square foot).
From Channelnewsasia, it is stated that the site can yield around 535 private residential units. Alternatively, developers may, with prior written approval, build a mix of flats and strata landed houses. The new toa payoh condo launched is NOW confirmed to have 578 units comprising of 2 tower blocks of 37 and 38 storey high respectively! Interestingly, there are trio-key units types instead of normal typical dual key units available for sale! Only 37 units of TRIO units are available!
GEMS Residences not only offer basic condo facilities – swimming pool, large gym, children’s pool, playground, BBQ pits, function room and many more, the condo positioned itself as a condo with club services such s free concierge service, medical consultation, edible garden and so much more!!
GEMS Residences is an exciting upcoming development as there are limited projects around the vicinity. The last condo launch is Tre-vista!
What’s not to be excited for an upcoming development to be in the heart of Singapore!
Prices & Unit Types of GEMS Residences:
Bidded at $755psf, the estimated breakeven for Club Gemini Residences should be around $1,200 psf thereabout!INDICATIVE PRICES is $1,480psf!!
GEMS Residences Condo’s Siteplan
Amenities nearby Club Gemini Residences Condo:
🙂 Est 10 min walk( 470M) to Braddell MRT ( North South Line)
🙂 Convenient to wet markets and hawker centre! Aplenty of food!
🙂 Within 10 mins to Toa Payoh hub – HBD, Banks, shops and Bus Interchange as well as MRT!
🙂 Great connectivity to Orchard shopping belt, Tanglin, Vivo city !
Future developments nearby Toa Payoh & Braddell :
- Integrated town hubs– Park, Library & Stadium to be integrated together!
- More cycling connectors to Bishan- Toa Payoh Park
Sale/ Rental Comparisons nearby Club Gemini Residences & Toa Payoh Condos :
Trevista is the last launched condominium, with 99 years commencing from 2008, located at Lorong 3 Toa Payoh! It is noted that there is a pentup demand just like Lakelife which was sold 98% within the 1st day in 2014! EVIA Real estate was the same developer as Lakelife EC!
GEMS Residences is expected to launch ard $1480 psf! Trevista is already selling at $1,262 psf on an average for an 90 years lease remaining condo! There is no more land expected to roll out in the Toa Payoh area, as of current year 2015.
Source: The Edge Property
Developer’s Track Record :
EVIA REAL ESTATE:Unknown to many, Evia Real Estate is also a property fund manager in South Korea. With a portfolio of over 2.3 million sq ft of industrial and commercial space, its assets under management have a combined value of more than $1.5 billion.
“Back in 2010, we expected demand and rental rates for industrial assets in Singapore and Asia to rise along with growing economies. While we tried to secure assets here (in Fusionopolis 3 and 5, and Biopolis 3), we had better success in South Korea,” said Lim.
Currently, the company manages three logistics warehouses and one mixed-use property. These are AMB Incheon Logistics’ facility at Incheon Airport Free Trade Zone, AMB Incheon DC1 Warehouse at Gyeonggi-do, Suwon Ice Logistics Centre at Suwon City and Apple Plaza in Bundang-gu, Gyeonggi.
With a gross floor area of 1.2 million sq ft, the last site is set to be completed by end-October or November. “We upgraded a tired looking building and repositioned the mall into F&B and fashion, two segments that South Korea is particularly strong in,” Lim shared.
Moving forward, Evia is hoping to secure a land development site in the country and build another warehouse by year-end.
“Evia is committed to South Korea with a deep local team of asset managers. Our pipeline there is strong and we intend to grow the portfolio there to about $600 million to $800 million,” added Lim.
Why should I buy GEMS Residences Condo ??
➡ FIRST condo to come with club services such as concierge, edible garden, smart parcel locker, IT support, complimentary classes, free internet connection in condo, pet pool , free medical consultation, houusekeeping, dry cleaning and laundry, party and events management!
➡ Toa Payoh is one of the highly sought after estates in Singapore! Central of Singapore, the core of Singapore!
➡ Walking distance to Braddell MRT / Toa Payoh MRT! Less than 500m to Braddell Mrt!
➡ Mins drive to Orchard! MRT IS JUST 4 STOPS AWAY!
➡ Limited land area in this district!!