Gem Residences is poised to be the next condominium under the real estate market spotlight. After a long wait of seven years, HDB finally released a private residential site in the matured Toa Payoh estate. Competitively bided by 14 hopeful developers, the new Toa Payoh condo attracted a top bid of S$345.86 million from Evia Real Estate and Malaysia’s Gamuda Bhd. This works out to be approximately $747 per square foot per plot ratio and a break even of $1250 psf factoring in construction and other miscellaneous costs. Property expert forecast the Gem Residences psf to be in the range of $1450psf to $1550 psf during launch.
Gem Residences Toa Payoh residents has plenty of good schools nearby to choose from. 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 Condo in Toa Payoh Lorong 4/ Lorong 6 is near to Global Indian International School, SJI International School, Australian International School and Curtin University of Technology are all within close proximity to Gem Residences Singapore.
- Branded Fittings and Appliances – Gem Residences condo is to be fitted with one of the best furnishings in the market. Kitchen appliances such as the washing machine, cooker hood and hob, refrigerator and the limited edition Victorian styled oven are from renowned Italian high-end appliances manufacturer, SMEG. As for sanitary wares such as overhead showers, bathroom and kitchen mixers are from well known German sanitary fittings manufacturer, Hansgrohe.
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