PROJECT DETAILS
The Housing and Development Board (HDB) has sold a residential site in Toa Payoh as part of Government Land Sales (GLS) HDB, in 2nd quarter of 2015. This land parcel, standing next to Braddell MRT Station, bounded by Toa Payoh Lorong 4, Lorong 5 and Lorong 6, is located within the Central Region of Singapore, under Toa Payoh Planning Area, is listed under the confirmed list of sites and is allocated to be developed into residential development. With a lot land size of 130,832 square feet, this site is expected to house 565 apartment units.
Evia Real Estate, Great Earth Pte Ltd and Gamuda Berhad won top price of S$345.86 million, which translates into S$750 per square feet per plot ratio.
Other condo developments in its vicinity include Trevista, Oleander Towers, Trellis Tower, Sky@Eleven, Neem Tree, Sky Habitat, Sky Vue, Bishan Loft and Gardens at Bishan.
New and Upcoming condo launch in Toa Payoh Lorong 4/ Lorong 6 is a walking distance to Braddell MRT Station which serves the North-South Line, and links seamlessly to Toa Payoh Town Central where the Toa Payoh MRT Station and Bus Interchange are located. There are several bus services to bring residents to various parts of Singapore. It will take approximately 6 minutes drive to Orchard Shopping Belt and 8 minutes to Central Business District (CBD) and the City Centre, via Central Expressway (CTE) and Pan Island Expressway (PIE).
There are many established and reputable local institutions that are within a short radius from New Condo in Toa Payoh Lorong 4/ Lorong 6 and they include Pei Chun Public School, First Toa Payoh Primary School, Guangyang Primary School, CHIJ Primary School (Toa Payoh), Marymount Convent School, Kuo Chuan Presbyterian, St Gabriel’s Primary School,St Andrew’s Junior School, Catholic High School (Primary), Raffles Institution, First Toa Payoh Secondary School, CHIJ Secondary School (Toa Payoh), Raffles Junior College and St. Andrew’s Junior College. New launch condo in Toa Payoh Lorong 4/ Lorong 6 is near to Global Indian International School, SJI International School, Australian International School and the nearby Curtin University of Technology and they will make up the rental demand.
Being a matured estate, there are many commercial facilities and food centres available in Toa Payoh town. It has 6 neighbourhood centres and these amenities give conveniences to residents here. Residents are able to get their daily neccessities easily as these amenties serve 20 to 30 blocks and these include groceries shop, coffee shops, retail shops, restaurants, banking services.
A neighbourhood precinct is just located diagonal to upcoming new condo in Toa Payoh Lorong 4/ Lorong 6 which hosts many shops, eating houses, a food centre and a wet market. Future residents who like to indulge in local food, they will be spoilt for choices as the site is close proximity to many wet markets and food centres such as Lorong 4 Toa Payoh Block 93 Market and Food Centre, Lorong 5 Toa Payoh Block 75 Food Centre, Lorong 8 Toa Payoh Block 210 Market And Food Centre, Toa Payoh Vista Market, Kim Keat Palm Market & Food Centre, Toa Payoh West Market & Food Court and also Whampoa Makan Place & Market.
Besides the HDB Hub in Toa Payoh Central, other shopping malls that are near to New Condo in Toa Payoh Lorong 4/ Lorong 6 to cater to future residents include Junction 8 Shopping Centre, Balestier Plaza, Shaw Plaza and Balestier Hill Shopping Centre.
New and Upcoming condo launch in Toa Payoh Lorong 4/ Lorong 6 is near to Balestier and Novena. It offers good accessibility and ultimate conveniences. Enjoy a city fringe living here.
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| Project | Toa Payoh Condo- Club Gemini Residences |
| Developer | Evia Real Estate/ Great Earth Pte Ltd, Garmuda Berhad |
| Location | Toa Payoh Lorong 4/ Lorong 6 |
| District | 12 |
| Tenure | 99 years lease |
| Site Area | 130,832sqft/ 12,154.6 sqm |
| GFA: | 457,741 sqft/ 42,541 sqm |
| Plot Ratio | 3.5 |
| Expected TOP: | |
| Total Units | 565 |
| Total Carpark | |
| Development | Condo comprising of |
| Unit Type: | 1 Br/ 2 Br/ 2 Br Dual Key/ 3 Br Tri Keys/ 4 Br/ 5 Br/ Penthouse |
| Architect | |
| Eligibility | SC/ SC, SC/SPR and Foreigner |
LOCATION AND AMENITIES
This coming new condo launch development in Toa Payoh Lorong 4/ Lorong 6 is a short distance walk, next to Braddell MRT Station.
Amenities Near New Condo in Toa Payoh Lorong 4/ Lorong 6
| Category | Important Amenities Near New Condo | Approximate Distance |
| Train Stations | Braddell (NS18) | 0.5km |
| Bus Stop | Blk 52 (Bus: 232) Toa Payoh Police Stn (Bus: 59, 231, 232) Blk 237 (Bus: 28, 56, 57, 59, 73, 88, 105, 153, 155, 157, 159, 163, 535, NR1) |
0.2km 0.2km 0.2km |
| Supermarkets | Sheng Siong NTUC Giant Cold Storage |
0.5km 0.5km 0.6km 2.2km |
| Shopping Malls | HDB Hub Junction 8 Shopping Centre Balestier Plaza Shaw Plaza Balestier Hill Shopping Centre |
0.8km 1.3km 1.4km 1.5km 1.7km |
| Education Institutions | Preschool | |
| PCF Toa Payoh Central Blk 97 Jessin Kindergarten PCF Toa Payoh East Blk 45 PCF Thomson-Toa Payoh Blk 205 PCF Toa Payoh East Blk 6-231-232 Toa Payoh Methodist Church Kindergarten PCF Toa Payoh Central Blk 157 PCF Toa Payoh East Blk 247 Saraswathy Kindergarten Ecokidd Kindergarten @ Toa Payoh |
0.4km 0.4km 0.5km 0.5km 0.7km 0.7km 0.9km 1.0km 1.1km 1.3km |
|
| Primary | ||
| Kheng Cheng School Pei Chun Public School First Toa Payoh Primary School Guangyang Primary School CHIJ Primary School (Toa Payoh) Marymount Convent School Kuo Chuan Presbyterian Primary School Balestier Hill Primary School St Gabriel’s Primary School St Andrew’s Junior School Catholic High School (Primary) |
0.4km 0.6km 0.6km 0.8km 1.1km 1.2km 1.3km 1.6km 1.8km 1.8km 1.9km |
|
| Secondary | ||
| Beatty Secondary School Guangyang Secondary School Raffles Institution First Toa Payoh Secondary School CHIJ Secondary School (Toa Payoh) Kuo Chuan Presbyterian Secondary School Balestier Hill Secondary School Bendemeer Secondary School St Andrew’s Secondary School |
0.4km 0.6km 1.1km 1.1km 1.2km 1.4km 1.7km 1.9km 1.9km |
|
| Junior College | ||
| Raffles Junior College St. Andrew’s Junior College |
1.3km 1.6km |
|
| Tertiary | ||
| Curtin University of Technology | 1.3km | |
| International | ||
| Global Indian International School SJI International School Australian International School |
1.2km 1.2km 1.5km |
|
| Food Centre | Lorong 4 Toa Payoh Block 93 Market and Food Centre Lorong 5 Toa Payoh Block 75 Food Centre Lorong 8 Toa Payoh Block 210 Market And Food Centre Toa Payoh Vista Market Kim Keat Palm Market & Food Centre Toa Payoh West Market & Food Court Whampoa Makan Place & Market |
0.1km 0.4km 0.4km 0.5km 0.7km 0.7km 1.8km |
| Lifestyle | Toa Payoh Stadium SAFRA Toa Payoh Toa Payoh Town Park HomeTeamNS-JOM @ Balestier Volkswagen Golf Centre Bishan Stadium MacRitchie Reservoir Park MRT Sports & Recreation Club Pub Recreation Club St Wilfred Sports Complex |
0.9km 1.0km 1.0km 1.1km 1.3km 1.7km 1.8km 1.8km 1.9km 1.9km |
FACILITIES and SITE PLAN
The Facilities and Site plan of new condo launch in Toa Payoh Lorong 4/ Lorong 6 are currently seeking approval from relevant authorities. If you would like to be updated on first hand information for new condo launch in Toa Payoh, Please
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HOTLY LAND BID CONTESTED, TENDERER FOR TOA PAYOH LAND PARCEL SITE AWARDED
SINGAPORE: Despite sluggish sales of new private homes, a residential site in Toa Payoh near Braddell MRT Staiton drew a massive 14 bids at the close of the auction on Thursday (Jun 18), indicating strong demand from developers for sites in mature housing estates.
The Housing and Development Board (HDB) said the 12,154.6 square metre, 99-year leasehold site at the junction of Toa Payoh Lorong 6, Lorong 5 and Lorong 4 Toa Payoh attracted a top bid of S$345.86 million from a group that includes Evia Real Estate and Malaysia's Gamuda Bhd.
This works out to around S$8,130 per square metre of gross floor area, or about S$755 per square foot.
This Toa Payoh launch site is expected to yield an estimated 535 private residential units. Alternatively, developers may, with prior written approval, build a mix of flats and strata landed houses.
HDB, as the Government’s land sales agent, launched the site for public tender on Apr 29. A decision on the award of the tender will be made at a later date after the bids have been evaluated, HDB said.
STRONG DEMAND “UNSURPRISING”
Desmond Sim, Head, CBRE Research, Singapore and South East Asia, said the strong demand in Toa Payoh was "unsurprising" given the site's location at Lorong 4/ Lorong 6, within a well-established mature estate with very few private residential projects. The site is also within walking distance of the Braddell MRT Station.
The top bid was only 1.1 per cent higher than the second-highest bid of S$342.1 million, or around S$747 per sq ft per plot ratio (psf ppr) — the closest gap seen since the second quarter of last year, when a site in Choa Chu Kang Drive was awarded to Sim Lian Land at a margin of 2.2 per cent over the next bidder, noted Dr Chua Yang Liang, head of research and consultancy at JLL Singapore.
“The tightness of these recent bids could reflect a more consistent view among the developers regarding market conditions going forward, coupled with the fact that the area is more mature and there is possibly more transactional data to help developers assess market demand more consistently,” said Dr Chua.
Ms Christine Li, director of research at property firm Cushman & Wakefield, said the top bid also showed that land prices in the area had held up despite tepid sales in the primary market. She noted that the bidding was in line with the S$731 psf ppr for a parcel in Lorong Puntong in the Upper Thomson area.
PROJECT LIKELY TO BE WELL-RECEIVED
Ms Li expects thenew project, break-even price of the Toa Payoh new launch project to be at around S$1,250 psf and the selling price to start at S$1,450 psf to S$1,500 psf. “Given that there have not been new private-home launches since 2009, this project should be well received by upgraders and first-time buyers if it is priced realistically,” she said.
Evia has launched three executive condominium developments since its founding in 2010. It has sold 98 per cent of the 546 units for its latest project, Lake Life in the Jurong Lake District, since the launch in November.
Following the release of the provisional tender results for the Toa Payoh launch site, Evia’s managing partner Vincent Ong said: “Similar to Jurong, we believe there is a pent-up demand for private housing in this area, as Toa Payoh is one of the most populated public housing estates in Singapore and is the closest estate to the city.”
Source: ChannelNews Asia
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