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Thread: Gem Residences at Toa Payoh (D12, 99 years leasehold, Gamuda/Maxdin/Evia)

  1. #11

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    I stay in TPY and the condo site is just beside the temple. Location-wise it's pretty good but not so sure about capital appreciation potential given that TPY, although a good location, is known for flats rather than condos.

    Quote Originally Posted by bargain hunter View Post
    thanks for updating! on the map it only looks like a temple. buyers should know this and nobody selling it would likely tell them that!

  2. #12

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    Quote Originally Posted by dreamer888 View Post
    I stay in TPY and the condo site is just beside the temple. Location-wise it's pretty good but not so sure about capital appreciation potential given that TPY, although a good location, is known for flats rather than condos.
    so is it a temple with a Columbarium?

  3. #13

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    Yes it is. There is a designated area for the tablets.

    Quote Originally Posted by bargain hunter View Post
    so is it a temple with a Columbarium?

  4. #14

    Wink

    It is still a good project I think. 14 developers bidded for it according to Channel News Asia's report.

    http://www.channelnewsasia.com/news/...l/1924932.html

    Mr Desmond Sim, head of CBRE Research for Singapore and Southeast Asia, said the strong demand was "unsurprising" given the site's location within a well-established mature estate with very few private residential projects. The site is also within walking distance of the Braddell MRT station.

    JLL's head of research in Southeast Asia Chua Yang Liang said the gap between the winning bid and the next highest is only 1.1 per cent. That is the closest gap since the second half of 2014, when a site at Choa Chu Kang Drive was awarded to Sim Lian Land at a margin of 2.2 per cent over the next bidder, said Dr Chua.

  5. #15

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    Quite a good site at 2-3m above road level. Should be popular but sale will depend on pricing.
    Quote Originally Posted by johnwen View Post
    It is still a good project I think. 14 developers bidded for it according to Channel News Asia's report.

    http://www.channelnewsasia.com/news/...l/1924932.html

    Mr Desmond Sim, head of CBRE Research for Singapore and Southeast Asia, said the strong demand was "unsurprising" given the site's location within a well-established mature estate with very few private residential projects. The site is also within walking distance of the Braddell MRT station.

    JLL's head of research in Southeast Asia Chua Yang Liang said the gap between the winning bid and the next highest is only 1.1 per cent. That is the closest gap since the second half of 2014, when a site at Choa Chu Kang Drive was awarded to Sim Lian Land at a margin of 2.2 per cent over the next bidder, said Dr Chua.

  6. #16

    Wink

    Hi,
    Please note that the show flat will be ready by 20 May.
    Booking will be on or before 27 May. Please book early to avoid disappointment.
    You may book thr' me by clicking on the link below. I have provided plenty of details on the project.
    We are the official marketing agent.
    Thanks

  7. #17

    Wink

    Hi,
    Gem Residences sale gallery is open for viewing since yesterday.
    Thanks

  8. #18

    Default

    Hi,
    Gem Residences Show Flat is open for public viewing tomorrow Saturday.
    The details of the project are here :
    http://newlaunch-sgcondo.com/gem-residences/
    Thanks
    John Oon

  9. #19

    Default

    From Propertyguru:

    Gem Residences, the first private condominium to launch in Toa Payoh since 2009, has released the prices of its units ahead of its official launch next Friday (27 May).

    The move to release its pricing list to the public this early goes against the current industry practice for developers to price according to interest at booking, with unit prices only revealed during the balloting process.

    Speaking to reporters on Thursday (19 May), ahead of the opening of the project’s showflat today, Vincent Ong, Managing Partner of Evia Real Estate, said this will allow potential buyers to compare prices across the development and get their finances in order.

    The 578-unit project consists of one- to five-bedroom units and two penthouses, with prices ranging from $578,000 for a one-bedder to around $1.9 million for a five-bedder.

    “We have priced all our units competitively,” said Ong, whose firm is jointly developing the project with Gamuda Berhad and Maxdin.

    In fact, the project’s average price was revised to $1,426 psf, slightly lower than its indicative pricing of $1,480 psf. This is also below that of other private condos in the Rest of Central Region (RCR), which have average selling prices ranging from $1,457 psf to $1,753 psf.

    According to data from the Urban Redevelopment Authority (URA), prices at the nearby Trevista condo have been above $1.4 million in the past year. Over at the 16-year-old Trellis Towers in Lorong 1 Toa Payoh, half of the transactions over the past one year have been above $1,400 psf.

    “We have received strong interest from prospective buyers since the show gallery was opened to the public in end-April,” shared Ong, adding that the project has already attracted more than 2,500 registered visitors and around 1,500 expressions of interest.

    “Gem Residences is situated on prime land, which will only become more expensive in years to come. This, coupled with the lower selling prices, makes the condo stand out as a valuable and lasting investment choice,” added Ong.

    Located near Braddell MRT station, the 99-year leasehold project is expected to obtain its TOP in 2020.

    http://newlaunch-sgcondo.com/gem-residences/

  10. #20

    Default

    Quote Originally Posted by johnwen View Post
    From Propertyguru:

    Gem Residences, the first private condominium to launch in Toa Payoh since 2009, has released the prices of its units ahead of its official launch next Friday (27 May).

    The move to release its pricing list to the public this early goes against the current industry practice for developers to price according to interest at booking, with unit prices only revealed during the balloting process.

    Speaking to reporters on Thursday (19 May), ahead of the opening of the project’s showflat today, Vincent Ong, Managing Partner of Evia Real Estate, said this will allow potential buyers to compare prices across the development and get their finances in order.

    The 578-unit project consists of one- to five-bedroom units and two penthouses, with prices ranging from $578,000 for a one-bedder to around $1.9 million for a five-bedder.

    “We have priced all our units competitively,” said Ong, whose firm is jointly developing the project with Gamuda Berhad and Maxdin.

    In fact, the project’s average price was revised to $1,426 psf, slightly lower than its indicative pricing of $1,480 psf. This is also below that of other private condos in the Rest of Central Region (RCR), which have average selling prices ranging from $1,457 psf to $1,753 psf.

    According to data from the Urban Redevelopment Authority (URA), prices at the nearby Trevista condo have been above $1.4 million in the past year. Over at the 16-year-old Trellis Towers in Lorong 1 Toa Payoh, half of the transactions over the past one year have been above $1,400 psf.

    “We have received strong interest from prospective buyers since the show gallery was opened to the public in end-April,” shared Ong, adding that the project has already attracted more than 2,500 registered visitors and around 1,500 expressions of interest.

    “Gem Residences is situated on prime land, which will only become more expensive in years to come. This, coupled with the lower selling prices, makes the condo stand out as a valuable and lasting investment choice,” added Ong.

    Located near Braddell MRT station, the 99-year leasehold project is expected to obtain its TOP in 2020.

    http://newlaunch-sgcondo.com/gem-residences/
    The 578k #02-13 seems like a good buy although facing the mscp.

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