GEM Residences

The long awaited new condominium in Toa Payoh has finally been revealed. It is named GEM Residences, a fine word to describe something valuable as it represents precious stone. GEM Residences will be the fourth condominium ever launched in Toa Payoh since Singapore’s independence. The last condominium launched was Trevista at Lorong 3 Toa Payoh. It was 7 years ago.

GEM Residences located at 1 & 3 Toa Payoh Lorong 5. It will be the new big thing, not only in Toa Payoh, but beyond. It is new big thing for its “first….”. The “first…..” is about lifestyle facility that no condominium has ever offered before. 

Unlike other area which has now been mushrooming with many private developments and has created fierce competition among owners to find buyers or tenants Toa Payoh is an area investors should look into, for many reasons. Private development is extremely rare in this area, and besides, its location is just neighboring Novena. Rental demand is healthy because of its close proximity to town and CBD. Being closed to town Toa Payoh is a highly accessible location. Plenty of public transports serve residents in this area.

Apart from investment perspective GEM Residences is also built to dedicate good quality living for its residents. So not only residents will enjoy the normal condo facility offered by many condominiums, GEM Residences will also help residents to save time, save effort, save money, and enjoy convenience, enjoy good quality products, and enjoy safety.

GEM Residences will be the first condo to emulate a club lifestyle. It is more than just roof over the family’s head. It is a club condo. It is where family and friends can bond together with many activities at their comfort zone.

GEM Residences will offer 24 hour Concierge service to help its residents for booking of local and international restaurants reservations, or shopping deals for coveted designer items, or even travel deals.

Concierge service will also cover service on demand, such as: Shopping Concierge, Elderly Friendly to beat loneliness, Private Chef, Grocery Delivery, Food Delivery, Party & Event Management, Housekeeping, IT Support, Laundry & Dry Cleaning, Gem Residences Parcel Locker (concierge service will receive your mail package on your behalf when you are not at home), and Pet service (Pet Pool, Run, Shower). GEM Residences will also give its residents 1 year free access to golf games at Horizon Hills in Iskandar. And what else? To save time and money residents will have access to car sharing, a facility that give convenience to residents at low cost and without having worried to pay petrol. GEM Residences will also have taxi stand within the development to further help its residents to get taxi easier.

As a lifestyle club condo GEM Residence will offer the following service:

• Medical Consultation: it is easy for residents to see doctors and get prescription. This will be helpful for family with elderly.

• Complimentary dance, yoga, swimming classes: the active people will no longer need to travel far for their sport activity.

• Water Zumba, Cooking & Baking classes: this will be fun classes to attend. No more loneliness. There is company everywhere.

• Edible gardens: Nature lovers can rent a plot and start their gardening hobby.

• Free Internet by SP Telecoms for all units and common area: what else delighting to the so called “can’t live without internet” generation other than being able to access internet, and at their convenience?

With all this club facility offered at GEM Residence this condo will be a friendly condo for family living. It is a club condo. All residents enjoy the club lifestyle at minimum cost.

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GEM Residences is a "Club Med" like condominium

 

The The Government Land Sales in Toa Payoh

On 29 April 2015 HDB released two residential sites in Toa Payoh and Dundee Road under the 1st half 2015 (1H2015) Government Land Sales (GLS) programme. The Toa Payoh site is located at Lorong 6 and Lorong 4 and has a site area of 12,154 square metres with maximum gross floor area (GFA) of 42,541 square metres. The Toa Payoh site was awarded to Evia Real Estate Pte Ltd, Maxdin Pte Ltd and Gamuda Berhad on 23 June 2015 who submitted the top bid of S$345.86 million.

Amid the slow market, the tender for Toa Payoh site had unsurprisingly attracted 14 bids from developers as the site has strong locational attributes. The site is located at the city fringe, a 20-minute drive to the CBD, and within walking distance to Braddell MRT Station. Mr. Nicholas Mak, executive director of SLP International said, "There are very few potential sites for private residential development in the Toa Payoh housing estate. "Hence, the new condominium on this site will face very little competition when it is launched for sale."

The last land tender in Toa Payoh dated as far back as 2008 and was sold to NTUC Choice Homes for S$290.2 million or S$460 psf ppr. The developer's 99-year-leasehold project, Trevista, was completed in 2011 and the 590 units were sold at an average price of S$1,352 psf.

Toa Payoh area in particular is very interesting. It is the first HDB estate in Singapore, so it is a matured estate and it has quite a dense population.  It has 6 neighborhood centres, and this gives ease to the residents of Toa Payoh for their daily living because each neighborhood centre has market, food centre, shops, etc and serves 20 - 30 blocks. The residents also enjoy the big town centre which offers complete amenities from groceries, many coffee shops, food courts and restaurants to banking service, Singapore Post Office, HDB office, MRT station, bus interchange, etc. Toa Payoh location is also within city fringe, only separated by PIE expressway, neighboring Novena area.

Since Singapore independence day or in the last 50 years there are only 3 private residentials in Toa Payoh, i.e. Oleander Towers, a 99 year lease development at Lorong 1, obtained its TOP in 1998, Trellis Tower, also at Lorong 1 which obtained its TOP in 2000, and Trevista at Lorong 3 which obtained its TOP in 2011. 

 

WHY TOA PAYOH

Toa Payoh is onne of Singapore’s most sought after city-fringe locations!

Toa Payoh is centralized location and within Central Planning Region!

Toa Payoh is centralized location. It is in the middle of other districts and development areas, i.e. Paya Lebar Central and Changi Airport towards its east, Seletar Aerospace and Future North Coast Innovation Corridor towards its North and Northeast, One North area and Future Jurong Lake District towards its West, Orchard area, CBD area, Marina Bay area, Sentosa, and Future Southern Waterfront City towards it south.

Toa Payoh is convenient by road. Traveling along Braddel road towards the west site will lead to Lornie Road towards Farrer Road area, Holland Village, and Bouna Vista. Traveling on Braddel Road towards east will lead us to Paya Lebar, Eunos and Tampines area. Toa Payoh is also closed to PIE expressway which bring us to town and CBD area easily. Greater accessibility expected upon completion of the upcoming North-South Expressway (NSE). NSE will run parallel to the Central Expressway (CTE) to alleviate traffic, it is directly connecting Toa Payoh to the city centre. NSE will also intersect and provide links to existing expressways, SLE, PIE and ECP.

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Toa Payoh has excellent accessibility by MRT. The area is served by Toa Payoh MRT and Braddel MRT. This excellent connection will bring people easily to many big shopping centres and to many business hubs at other MRT stations.

• 1 Stop to Bishan Interchange (Junction 8 / RI / Catholic High)

• 2 Stops to Ang Mo Kio MRT (AMK Hub)

• 2 Stops to Novena MRT (TTSH / Mount Elizabeth / Novena Medical Centre)

• 3 Stops to Newton Interchange (ACS Junior)

• 4 Stops to Orchard MRT (Orchard Road)

• 5 Stops to Somerset MRT (Orchard Road)

• 6 Stops to Holland Village (Holland Village)

• 6 Stops to Douby Ghaut Interchange (Plaza Sing / SMU)

• 7 Stops to Paya Lebar Interchange (Paya Lebar Central)

• 8 Stops to Raffles Place (CBD)

• 8 Stops to Woodlands (Future Woodlands Regional Centre / NCIC)

• 8 Stops to One North (On North)

• 9 Stops to Marina Bay (CBD)

• 9 Stops to Tanjong Pagar (CBD)  

• 9 Stops to Clementi (NUS)

• 10 Stops to Jurong East (Future Jurong Lake District)

• 13 Stops to Changi Airport (Airport)

Toa Payoh is the first town designed and developed entirely by HDB. Long list of ‘firsts’ in Singapore, first Residents’ Association (a ground-up effort that preceded the Residents’ Committees of today), first town to employ the neighbourhood police post system, first cooperative supermarket in Singapore (NTUC Welcome, the forerunner of today’s NTUC Fairprice), and first Mass Rapid Transit (MRT) station to be built.

Toa Payoh is a matured city-fringe town brimming with amenities. Amenities are within reach, such as Toa Payoh Swimming Complex and Stadium which consists of • Stadium • Gym • Swimming pool • Indoor sports hall, SAFRA Toa Payoh which has • Swimming Pool • Kids Amaze • Gym • Dining, Toa Payoh Central which houses • Supermarket • Food centres • HDB Hub • Banks. Toa Payoh also has some parks such as Toa Payoh Town Park and Toa Payoh Sensory Park. Toa Payoh is also popular with some local dishes in its many local eateries.

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About The Location and Briefly About GEM Residences

The plot of land of GEM Residences site is located at Lorong 6, Lorong 4, and Lorong 5. The land is next to a temple at Lorong 6. The entrance will be from Lorong 5. The location is only around 400 metres to Braddell MRT station. There are many buses serving the 3 major roads taking passengers to bus interchange at Toa Payoh Central and other parts of Singapore. Driving from GEM Residences location to Orchard Road will take around 10 minutes and around 20 minutes to CBD. Toa Payoh area is near PIE express ways which link to KPE, BKE and CTE express ways.

Although the land is next to the temple the units will not face the temple directly. Units are north south facing, and the temple will be overshadowed by multi storey car park. GEM Residences will consists of 2 blocks of 37/38 storeys. The number of units are 578. GEM Residences offers facilities cater to residents true needs. I said it is true needs, so the facility will be truly usable. What I mean is the facilities which will most likely be used by the residents, not something like reflective pool, or other cosmetic facility in a development. The units will consist of 1-5 bedrooms.

There will only be 2 penthouses in GEM Residences, so these 2 units will be limited products in the development which means they will have good upside potential. The penthouses of 4 and 6 bedrooms are single level units instead of the normally 2 or 3 level penthouse. Other unique features includes facilities like taxi stand to allow residents to get taxi immediately, concierge service to serve residents for all booking needs, pet friendly facilities, and roof top facilities which might includes sport bar, etc.

 

Location of GEM Residences at Lorong 6 / Lorong 4 Toa Payoh

For indicative price and information update Contact Us Here.

We believe GEM Residences will be well received due to its location which is in the city fringe, short distance to MRT, rarity of private residential in Toa Payoh estate (less competition) and the concept of the development itself. This will attract investors as the area has been popular with tenants due to its close proximity to town, and will attract families who are upgrading, and families who wants to enjoy club facility for the convenience and enhancement of life. 

Schools Nearby GEM Residences

Kheng Cheng Public School

CHIJ Primary School (Toa Payoh)

Pei Chun Public School

Guang Yang Primary School

First Toa Payoh Primary School

Lighthouse School

Marymount Convent School

CHIJ Secondary School (Toa Payoh)

First Toa Payoh Secondary School

Guang Yang Secondary School

Beaty Secondary School

Raffles Institution (Secondary)

Raffles Institution (Junior College)

SJI International School

 

Project Detail

Name of Development: GEM Residences

Type of Development: Condominium

Project Description: PROPOSED CONDOMINIUM PROJECT COMPRISING OF 1 BLOCK OF 37-STOREY AND 1 BLOCK OF 38-STOREY RESIDENTIAL BUILDINGS WITH A TOTAL OF 578 UNITS AND 1 BLOCK OF MULTI-STOREY CARPARKS WITH A TOTAL OF 578 LOTS WITH COMMUNAL / ANCILLARY FACILITIES ON 10533N MK 17 AT LORONG 6 TOA PAYOH AND LORONG 4 TOA PAYOH JUNCTION

Developer: GEM Homes Pte. Ltd (Evia Real Estate Pte Ltd and Gamuda Berhad)

Location: 1 & 3 Lorong 5  Toa Payoh

District: 12

Tenure: 99 year lease

Expected TOP: April 2020

Site Area: 12,154.6 sqm / 130,832 sqft

No of Blocks: 2 blocks

No of units: 578

No of carparks: 578 lots + 6 handicapped car park lots

No of storery: 37 / 38

Unit Type: 1-5 bdrm units / 2 single loading penthouses

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Gem Residences Site Plan

Gem Residences Unit Distribution Chart

GEM Residences Typical Floorplan

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Why GEM Residences

It is always location location location. But GEM Residences has more than location location location. 

• RARE private development in Toa Payoh (less competition)

• Strategic city fringe location (high rental demand)

• Walking distance to Braddel MRT (save time save money)

• Good Rental Demand

• Excellent public transport to many parts of Singapore

• Excellent amenities

• Good schools nearby

• Various unit types: 1/2/3/4/5/ Penthouse

• Efficient layout (save space)

• Good finishes: Hansgrohe, Laufen, SMEG, Vinyl flooring (status, ease and quality of life)

• Full condo facilities (enjoyment and quality of life)

• "Club Med" like services and lifestyle (Owning a condo with facility beyond expectation. Enjoy club benefits without paying membership fee. Enhance quality of life physically and mentally)

  

What is Transacted Price in Other Condominiums in City Fringe Location?

Let us see now some latest transactions in other condominium in the city fringe area so you can expect certain PSF price for GEM Residences.

 

SKY VUE at Bishan Street 15 

Transacted on 14-Mar-16, unit area 484 sqft, price $848,000, PSF Price 1,751 

Transacted on 11-Mar-16, unit area 495 sqft, price $903,600, PSF Price 1,825 

Transacted on 9-Mar-16, unit area 495 sqft, price $890,100, PSF Price 1,798

 

THOMSON IMPRESSIONS at Lorong Puntong 

Transacted on 19-Mar-16, unit area 463 sqft, price $766,200, PSF Price 1,655

Transacted on 18-Feb-16, unit area 463 sqft, price $747,747, PSF Price 1,616

Transacted on 8-Mar-16, unit area 463 sqft, price $742,200, PSF Price 1,604

 

THE PANORAMA at Ang Mo Kio Ave 2

Transacted on 25-Mar-16, unit area 700 sqft, price $972,488, PSF Price 1,390

Transacted on 31-Mar-16, unit area 1001 sqft, price $1,280,827, PSF Price 1,279

Transacted on 10-Feb-16, unit area 1012sqft, price $1,302,305, PSF Price 1,287

 

TREVISTA at Lorong 3 Toa Payoh

Transacted on 14-Jan-16, unit area 689 sqft, price $940,000, PSF Price 1,365

Transacted on 13-Nov-15, unit area 1098 sqft, price $1,468,000, PSF Price 1,337 

Transacted on 17-Jun-15, unit area 1119 sqft, price $1,492,000, PSF Price 1,333

 

TRELLIS TOWERS at Lorong 1 Toa Payoh

Transacted on 12-Nov-15, unit area 549 sqft, price $832,000, PSF Price 1,516

Transacted on 5-Jun-15, unit area 710 sqft, price $1,035,000, PSF Price 1,457 

Transacted on 5-Jun-15, unit area 840 sqft, price $1,233,800, PSF Price 1,470

 

So, what should be the price of GEM Residences, a club like condo in Toa Payoh? Visit the sales gallery on 29 April, and wait for official release of price on 20 May.

Take a look at Achieved Prices Along NS Line

GEM Residences Actual Site

GEM Residences - The Developers

GEM Residences is a joint development by Evia Capital Partners Pte Ltd, Maxdin Pte Ltd, and Gamuda Berhad.

Evia Capital Partners Pte Ltd

Evia Capital Partners Pte Ltd (Evia) is a private equity firm. It is managing a portfolio worth in excess of $150 million. 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. Evia Capital's track record includes Watercolours, Heron Bay and Lakelife.

Maxdin Pte Ltd

Maxdin Pte Ltd is a wholly-owned subsidiary of Greatearth. Greatearth is one of Singapore’s most established integrated building services companies with over 100 years of engineering and construction heritage together with its predecessors. Track record includes Marina Bay Sands (hotel), Orchardgateway, Fusionopolis, National Library (Bras Basah), Ngee Ann City, Raffles Town Club, NTU and NUS among others. Some residential projects include Ascentia Sky, Kovan Melody, Austville Residences, Watercolours and Waterwoods; as well as DBSS housing Park Central@AMK.

Gamuda Berhad

Gamuda Berhad is an engineering, property and infrastructure company based in Malaysia. Gamuda is one of the largest Malaysian infrastructure companies. Projects include construction of Klang Valley MRT lines, highways, airport runways, railways, tunnels, water treatment plants, dams, infrastructure concessions and the development of new townships.

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