Gem Residences- the first new condo in Toa Payoh since 2009 go on sales with the official average price at $1,426 psf that is revised from its indicative pricing of $1,480 psf. In comparison to the average selling prices ranging from $1,457 psf to $1,753 psf of other private condos in The Rest of Central Region (RCR), the starting price from $578k of Gem Residences is lower clearly.
“We have priced all our units competitively,” said Vincent Ong, Managing Partner of Evia Real Estate, whose firm is jointly developing the project with Gamuda Berhad and Maxdin.
Gem Residences will include 1-5 bedroom units and two penthouses, one- bedroom units are transacted at the price ranging from $578,000 to $741,000, two bedder $750,000- $1.16 milliona and $1.22 million to $1.56 million for a three-bedder, while four-bedders will be sold from $1.66 million to $1.82 million, the largest units- five bedroom units will cost between $1.75 million and $1.91 million.
The release of the full price list one week ahead of launch instead of setting price according to interest at booking will allow potential buyers to compare prices across the development and get their finances in order. The VIP preview for the project will be held on May 27, with its public launch on May 28.
Gem Residences draw a strong attention with more than 2,500 registered visitors at its Showlfat and 1449 Expression of Interest collected till date and ballot booking would be conducted for buyers. The Unbeatable Vvip price of The first Club- Condo in Toa Payoh will be applied ONLY 1 DAY- 27 May ballot booking date and after that price would increase 2%. This is the best entry price for a new launch City Fringe Condo with contemporary design, JUST FOR ONLY ONE DAY !
“We have received strong interest from prospective buyers since the show gallery was opened to the public in end-April,” shared Ong'
Gem Residences is brought into life by is Evia Real Estate Pte Ltd and Malaysian developer Gamuda Land with only 578 exclusive units of 1-5 bedroom, especially Unique Multi-Generation Unit and is expected to obtain its TOP in 2020. The 99 years condo owns an unrivaled location in Toa Payoh- a vibrant Central Mature Estate in Singapore and is well-served by Toa Payoh and Braddell MRT, excellent connectivity to PIE and CTE and only 4 MRT Stops to Orchard. All pair the lower selling prices, which makes Gem Residences stand out as "a valuable and lasting investment choice,”
Take an overlook on our website Gem Residences for more information
Gem Residences in Toa Payoh sold out 300 of 500 units launched in 1 day with average price at $1,426