The Orie Preview: 3 - 14 January 2025
- Why Invest in The Orie?
- The Orie Fact Sheet
- Unit Mix & Distribution
- Who are the Developers of The Orie Condo?
- What are the Prices for The Orie?
- Where is The Orie Condo Located?
- Transport Connectivity
- Amenities and Shopping Near The Orie
- Recreational Amenities Near The Orie
- Schools Near The Orie
- Major Employment Centres Near The Orie
- Conclusion: Investment Potential of The Orie
- Other Property Reviews
This is a property review of The Orie, a 99-year leasehold condo at Lorong 1 Toa Payoh, Singapore’s District 12, a matured and highly sought-after housing estate.
It will be jointly developed by a consortium comprising City Developments Ltd (CDL), Frasers Property, and Sekisui House. It will be located about a 5-minute walk from the Braddell MRT station and offer 777 units ranging from 1-bedroom+study to 5-bedroom (with private lift), housed within two 40-storey tower blocks.
Since it will be the first condo launch in Toa Payoh since the 578-unit Gem Residences in May 2016, pent-up demand can be expected.
This property review of The Orie will provide an evaluation of the following (scroll to each section by clicking on the links below):
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
Description | Details |
Project Name | The Orie |
Developer | Transcend Residential (Toa Payoh) Pte. Ltd. (Joint Venture among CDL, Frasers Property and Sekisui House) |
Description | 2 blocks of 40-storey apartments with landscaped deck, basement carparks and communal facilities |
Region | RCR – District 12 |
Address | 10 Lorong 1 Toa Payoh S319974 12 Lorong 1 Toa Payoh S319975 |
Tenure | 99 years leasehold |
Est. Land Area | 15,743 sqm / 169,458 sq ft |
Number of units | 777 |
Expected Date of Vacant Possession | 31 May 2030 |
Est. Number of Carpark Lots | Estimated 627 lots including 19 electrical lots and 5 accessible lots |
Architect | ADDP Architects LLP |
Landscape Consultant | Tinderbox Pte Ltd |
Builder | Woh Hup Pte Ltd |
Project Interior Designer | 2nd Edition Pte Ltd |
Unit Mix & Distribution
Unit Type | Estimated Size (Sq ft) | No. of Units | % Unit Mix |
1-Bedroom + Study | 517 | 78 | 60% |
2-Bedroom (1 Bath) | 592 | 78 | |
2-Bedroom (2 Bath) | 646 | 77 | |
2-Bedroom Premium | 678 | 77 | |
2-Bedroom Premium + Study | 700 | 78 | |
3-Bedroom | 850 | 78 | 40% |
3-Bedroom Premium | 1,023 – 1,044 | 78 | |
3-Bedroom Dual Key | 1,130 | 39 | |
4-Bedroom | 1,216 | 78 | |
4-Bedroom Premium + Study | 1,367 | 39 | |
5-Bedroom (with Private Lift) | 1,453 | 77 | |
Total | 777 |
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
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.
Primary Schools within a 1km Radius
- Kheng Cheng School
- First Toa Payoh Primary School
- Marymount Convent School
- Pei Chun Public School
Primary Schools within a 1- 2km Radius
- Kuo Chuan Presbyterian Primary School
- St Andrew’s Junior School
- St Gabriel’s Primary School
- CHIJ Primary (Toa Payoh)
- St. Andrew’s Junior School
- Marymount Convent School
- Catholic High School
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:
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.
Other Property Reviews
Besides The Orie, you may also be interested in the following new launches:
- Union Square Residence, a mixed development near Clarke Quay.
- One Sophia, a mixed-development along Selegie Road.
- W Residences - Marina View, a mixed-development near Shenton MRT
- Newport Residences, a mixed-development overlooking the Greater Southern Waterfront
- Emerald of Katong, a District 15 condo at Jalan Tembusu.
- Nava Grove, an exclusive condo development at Ulu Pandan.
- Aurea Condo, a mixed-use redevelopment at Beach Road.
- Arina East Residences, a freehold condo development at Tanjong Rhu.
- Parktown Residence, a mixed-development linked to Tampines North MRT.
- Bagnall Haus, a freehold development at Upper East Coast Road.
- Aurelle of Tampines, an EC near Tampines North MRT.
- Novo Place, an executive condo near Tengah Park MRT.