The Orie Condo Review: First New Launch in Toa Payoh Since 2016

Why Invest in The Orie?

• Reputable Developers: A collaboration between City Developments, Frasers Property, and Sekisui House, The Orie is backed by the experience and expertise of industry leaders and promises a high-quality development.
• Large Site: Given the substantial 5,743 sqm site area, residents can look forward to abundant facilities, landscaping and spaces.
• Excellent Transport Connectivity: About a 4-minute walk from the Braddell MRT station on the North-South Line and one station to the Bishan MRT Interchange (North-South & Circle Lines). Also, convenient access to expressways such as CTE and PIE.
• Convenient Access to Amenities: Convenient access to Toa Payoh Hub, Junction 8, and several shopping malls in Novena and Balestier.
• Proximity to Leisure Attractions: Located near several public parks such as Toa Payoh Town Park, Toa Payoh Lorong 7 Park and Dinosaur Park. Further afield are the MacRitchie Reservoir Park and Bishan-Ang Mo Kio Park, just a 5 -to 9-minute drive away.
• Near Popular Schools: Several popular primary schools are situated within a 2km radius of The Orie, offering priority admission for children entering Primary 1.

The Orie Fact Sheet

Unit Mix & Distribution

Design Features of The Orie

The architectural design of The Orie is inspired by the art of origami, featuring sleek, angular lines and origami-like folds that create a dynamic, modern silhouette. Its twin 40-storey towers feature striking angular ledges and vertical fins, creating a striking silhouette that enhances the skyline.

The clubhouse, known as Club Orie, continues the origami-inspired design with striking planes and generous gathering spaces. Residents can enjoy amenities like a grand function room, gymnasium, and viewing deck, all set amidst a refined, tranquil atmosphere.

The rest of the development is designed using a concept of layered greenery and spatial zones, including a 50m lap pool, relaxation pool, co-working lounge, and various gardens and pavilions.

Sustainability is prioritised with BCA Green Mark Platinum certification, ensuring energy efficiency throughout the development.

Inside, The Orie offers a variety of well-appointed units ranging from one-bedroom to five-bedroom layouts, all featuring premium finishes and smart home technology for enhanced convenience.

Click on the link for The Orie's Brochure & Floor Plans.

Who are the Developers of The Orie Condo?

The Orie is developed by a consortium comprising City Developments Ltd (CDL), Frasers Property, and Sekisui House in a 50:25:25 split. All are well-known global real estate developers.

City Developments Limited (CDL): A leading global real estate developer with a proven track record of creating exceptional living spaces. They are known for their focus on quality, innovation, and sustainability.

Frasers Property: With a diverse portfolio of residential, commercial, and hospitality developments, it is committed to creating enriching and sustainable living environments. Their expertise in developing high-quality homes and mixed-use projects has made them a prominent name in the real estate industry.

Sekisui House: A leading Japanese developer, it has collaborated with local developers to create high-value housing that aligns with local lifestyles. Projects like One Holland Village, a prominent mixed development exemplify their commitment to sustainability. By tailoring concepts and designs to regional needs, it seeks to deliver impactful and valuable projects.

What are the Prices for The Orie?

The prices for The Orie are not available yet. Nevertheless, based on its land cost and comparison to recent new launches in the Outside Central Region (OCR), the average launch price is estimated to be between $2,500 psf and $2,600 psf.

During the November 2023 government land sale (GLS), CDL, Frasers Property, and Sekisui House submitted a winning bid of $968 million for the 1.57ha site located at the junction of Lorong 1 and Lorong 4 Toa Payoh. This translates to a land rate of $1,360 psf per plot ratio (PPR).

Where is The Orie Condo Located?

The Orie is located at the junction of Lorong 1 and Lorong 4 Toa Payoh, an area comprising mainly HDB flats, with the Braddell MRT station on the North-South Line and Toa Payoh Integrated Transport Hub just a 5-minute walk and 4-minute drive away, respectively.

A market and food centre are less than 200m from the development, offering residents convenient access to many food choices.

More amenities can be found at Toa Payoh Central and Toa Payoh Hub while the Toa Payoh Town Park, Toa Payoh Community Club and SAFRA Toa Payoh are all a mere 4-minute drive away.

Transport Connectivity

Braddell MRT Station

One of The Orie’s major appeal is its proximity to the Braddell MRT station on the North-South Line. This offers residents convenient access to many popular shopping destinations located just a few train stations away. These include the following:

• Bishan – an interchange for the North-South and Circle Lines (1 stop)
• Ang Mo Kio Central (2 stops)
• Novena (2 stops)
• Newton – an interchange for the North-South and Downtown Lines (3 stops)
• Orchard Road – an interchange for the North-South and Thomson-East Coast Lines (4 stops)

This excellent connectivity will appeal to those who value easy access to work, study, entertainment, and leisure places.

In addition, many public buses serve the area, with the Toa Payoh Bus integrated transport hub just four bus stops from the development.

Expressways

Residents with private vehicles will benefit from The Orie’s convenient access to major expressways such as the PIE and CTE, ensuring seamless connectivity to key areas across the city-state. These include the Central Business District (CBD), Changi Airport, and Jurong.

Additionally, the upcoming North-South Corridor, which will link Woodlands in the north to East Coast Park in the south, will significantly reduce travel times. This will further enhance The Orie's appeal for both residents and property investors.

Amenities and Shopping Near The Orie

Residents of The Orie will benefit greatly from its proximity to a wide range of amenities and shopping destinations, making daily life more convenient and enjoyable.

Neighbourhood Market and Food Centre (Less than 150m away): A short walk from The Orie is the Blik 93 Lorong 4 Toa Payoh Market and Food Centre, offering residents easy access to fresh produce, local food stalls, and household essentials. This is ideal for quick grocery runs and casual meals. Such convenience means that residents can enjoy affordable dining options without travelling far.

Toa Payoh Central and Toa Payoh Hub (12-minute walk): A wide range of services, including supermarkets, fashion boutiques, banks, and healthcare services, is available at Toa Payoh Central and Toa Payoh Hub. The Toa Payoh Hub also hosts community spaces and facilities, providing opportunities for recreation and leisure close to home.

Proximity to Major Shopping Malls (1 to 4 MRT stations away): The Orie's proximity to the Braddell MRT station provides residents quick access to larger shopping malls in Bishan, Novena, and Orchard Road. As they are just one to four stops away, residents enjoy easy access to bustling retail centres like Junction 8, Novena Square, and luxury shopping along Orchard Road.

These malls offer everything from high-end fashion and technology stores to gourmet restaurants and entertainment options, providing endless choices for shopping and leisure activities.

Recreational Amenities Near The Orie

Toa Payoh offers a variety of recreational facilities and parks to enhance residents' living standards.

Some of the popular spots include Toa Payoh Town Park, known for its scenic pond and peaceful environment, and Toa Payoh Stadium, where you can jog and play football. The Toa Payoh Swimming Complex and Sports Hall also provide excellent spaces for swimming and indoor sports like badminton.

Additionally, the ActiveSG Gym supports fitness enthusiasts with modern equipment.

Family-friendly spots like the Sensory Park and Dragon Playground offer unique play and sensory experiences.

For those who prefer nature walks, the MacRitchie Reservoir and its scenic trails are just a 5-minute drive from The Orie, offering a peaceful retreat from the city’s hustle and bustle.

Schools Near The Orie

Families with children will find The Orie particularly appealing due to its proximity to educational institutions, with many primary schools within a 2km radius. This will offer priority admission for children entering Primary 1.

Moreover, according to a study by the NUS Institute of Real Estate Studies, properties near good schools command a premium price over those further away.

Secondary Schools and Junior

For older students, secondary schools and junior colleges such as Raffles Girls’ School, Catholic High School, Guangyang Secondary School, Raffles Institution, Nanyang Junior College, and Catholic Junior College are also easily accessible. This will provide enhanced educational opportunities for residents without having to travel far.

International Schools

The convenient access to reputable international schools, such as SJI International and Stamford American International School, makes The Orie an appealing housing option for expatriate families.

Expatriates often prioritise locations near reputable international schools to ensure their children receive a good education. For property investors, this will ensure steady rental income and good long-term investment potential.

Major Employment Centres Near The Orie

The Toa Payoh Hub and Toa Payoh Industrial Estate are significant employment centres that offer a wide range of job opportunities across various industries.

Outside of Toa Payoh estate, major employment centres such as Ang Mo Kio and Kallang Industrial Estates, and the Novena commercial and healthcare hub, are only an 8-minute drive or a short train ride from The Orie.

The convenient access to employment opportunities near The Orie offers residents the advantage of shorter commute times, allowing them to spend more quality time with their families and strike a better work-life balance.

This proximity to jobs makes The Orie a highly desirable housing option for those seeking a more convenient and fulfilling lifestyle.

Conclusion: Investment Potential of The Orie

The Orie Condo in Toa Payoh offers a compelling investment opportunity due to its excellent location in a mature housing estate.

This is evidenced by significant price growth in the area where several five-room HDB flats were sold for more than $1.5 million, with buyers attracted to the proximity of MRT stations, abundant amenities, retail options and educational institutions.

Moreover, given the limited supply of new condominium launches in Toa Payoh since Gem Residences in 2016, The Orie stands to benefit from pent-up demand and potential price appreciation.

Comparative Market Analysis

Nevertheless, to better understand the potential for capital appreciation in The Orie, let’s analyse the price performances of three condominiums in the vicinity.

These projects, like The Orie, are conveniently located within walking distance of Braddell or Toa Payoh MRT stations. Their average price gains (psf) since launch are as follows:

The Orie Condo Review - Comparative Market Analysis

From the chart, the following are observed:

• Gem Residences: +36.83% (launched in May 2016)
• Trevista: +99.26% (launched in August 2009)
• Oleander Towers: +81.10% (launched in November 1995)

The results underscore The Orie’s desirable attributes and its strong investment potential. If you wish to receive the latest updates for the project or attend the launch preview, please get in touch with me.