Month: January 2025

The Orie: New Launch in Toa Payoh by CDL, Frasers Property and Sekisui HouseSingapore’s top property developers, City Developments Limited (CDL), Frasers Property and Sekisui House, have come together to launch their latest residential project, The Orie. Situated in the heart of Toa Payoh, the private condo boasts 777 units and is set to be previewed on Friday, Jan 3, with its official launch scheduled for Jan 18.Spanning across two 40-storey towers, the units at The Orie range from one-bedroom plus study apartments of 517 sq ft to five-bedroom apartments of 1,453 sq ft. Prices of the units are as follows: $1.28 million ($2,476 psf) for a 517 sq ft one-bedroom plus study; $1.48 million ($2,500 psf) for a 592 sq ft two-bedroom; $2.09 million ($2,459 psf) for an 850 sq ft three-bedroom; $2.92 million ($2,401 psf) for a 1,216 sq ft four-bedroom; and $3.48 million ($2,395 psf) for a 1,453 sq ft five-bedroom with exclusive private lift.In order to find out the transaction prices and available units, potential buyers can search for the latest New Launches.AdvertisementAdvertisementThe Orie marks an exciting launch for the private residential market, as it is the first new launch in Toa Payoh since 2016, when Gem Residences was launched. The 578-unit Gem Residences was completed in 2020.The three major property developers came together to submit the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh, with a joint bid of $968 million, which translates to a land rate of $1,360 psf per plot ratio (ppr) for the site. CDL, Frasers Property and Sekisui House each hold a 50:25:25 split in the joint venture.”We are excited to kickstart the New Year with the launch of The Orie, the first new private condo launch in Toa Payoh in over eight years,” says Sherman Kwek, group CEO of CDL. “With its location in the vibrant and highly sought-after Toa Payoh estate, homebuyers will benefit tremendously from its central location and excellent connectivity.”The Orie is strategically located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh, and is only a five-minute walk to Braddell MRT Station on the North-South Line (NSL). The future owners of The Orie will also benefit from the upcoming Toa Payoh Integrated Transport Hub, which will connect Toa Payoh Bus Interchange to Toa Payoh MRT station. This new 12-ha integrated development and community hub is set to be completed in 2030. It will include a comprehensive sports centre with swimming pools, indoor sports halls and other sports facilities, a football stadium, a polyclinic, as well as a public library.Located within District 12 in the city fringe or Rest of Central Region (RCR), The Orie offers seamless access to the Central Business District (CBD) and Orchard Road shopping belt, remarks Soon Su Lin, CEO of Frasers Property Singapore.The Orie offers more than 40 condominium facilities, units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung.Sekisui House also expresses excitement over this “new partnership” with CDL, according to Takehisa Yanagi, managing officer and head of international development department at Sekisui House. However, he pointed out that this is not their first collaboration with Frasers Property, as the two developers have worked together on numerous projects in Singapore over the past 13 years.As for nearby amenities, residents can expect to find a variety to choose from, as The Orie is conveniently located near the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. Families with children will also find the development ideal as there are several renowned schools in the area, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.Meanwhile, for healthcare facilities, residents can look forward to being close to the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena Hospital and Thomson Medical Centre.Budding homebuyers who are keen on The Orie can utilise EdgeProp Landlens or search for listings on the latest New Launches to stay updated on the latest transaction prices and available units. They can also refer to EdgeProp Buddy for more options.See Also:8 must-ask questions about your home loanBuilding a great property portfolio in 2020

In Singapore, investing in condos is a significant consideration, but not without taking into account the government’s property cooling measures. Over the years, the Singaporean government has implemented several measures to control speculative buying in the real estate market and maintain its stability. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign buyers and those purchasing multiple properties. While they may impact short-term profitability, they also contribute to the long-term stability of the market, creating a safer investment environment. It is important to consider these measures when exploring condo investments, including new condo launches, in Singapore.

The Orie: New Launch in Toa Payoh by CDL, Frasers Property and Sekisui House

Singapore’s top property developers, City Developments Limited (CDL), Frasers Property and Sekisui House, have come together to launch their latest residential project, The Orie. Located in the heart of Toa Payoh, the private condo boasts 777 units and is set to be previewed on Friday, Jan 3, with its official launch scheduled for Jan 18.

Spread across twin 40-storey towers, the units at The Orie range from one-bedroom plus study starting at 517 sq ft, to five-bedroom apartments of 1,453 sq ft. Prices of the units start from:$1.28 million ($2,476 psf) for a 517 sq ft one-bedroom plus study;$1.48 million ($2,500 psf) for a 592 sq ft two-bedroom;$2.09 million ($2,459 psf) for an 850 sq ft three-bedroom;$2.92 million ($2,401 psf) for a 1,216 sq ft four-bedroom; and$3.48 million ($2,395 psf) for a 1,453 sq ft five-bedroom with exclusive private lift.

To find out the transaction prices and available units, potential buyers can search for the latest New Launches.

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The Orie is a significant launch for the private residential market as it is the first new launch in Toa Payoh since 2016 when the 578-unit Gem Residences was launched, with the project being completed in 2020.

The three major property developers jointly submitted the highest bid for a Government Land Sales (GLS) site at Lorong 1 Toa Payoh. Their joint bid of $968 million translates to a land rate of $1,360 psf per plot ratio (ppr) for the site. The joint venture is split 50:25:25 between CDL, Frasers Property, and Sekisui House.

“We are excited to kickstart the New Year with the launch of The Orie, the first new private condo launch in Toa Payoh in over eight years,” says Sherman Kwek, group CEO of CDL. “With its location in the vibrant and highly sought-after Toa Payoh estate, homebuyers will benefit tremendously from its central location and excellent connectivity.”

The Orie is strategically located at Lorong 1 Toa Payoh, at the intersection with Lorong 4 Toa Payoh, and is only a five-minute walk to Braddell MRT Station on the North-South Line (NSL). Future owners of The Orie will also benefit from the upcoming Toa Payoh Integrated Transport Hub, which will connect Toa Payoh Bus Interchange to Toa Payoh MRT station. This new 12-ha integrated development and community hub is set to be completed in 2030. It will include a comprehensive sports centre with swimming pools, indoor sports halls and other sports facilities, a football stadium, a polyclinic, as well as a public library.

Located within District 12 in the city fringe, or Rest of Central Region (RCR), The Orie provides seamless access to the Central Business District (CBD) and Orchard Road shopping belt, remarks Soon Su Lin, CEO of Frasers Property Singapore.

The Orie offers more than 40 condominium facilities, units with efficient layouts, quality fittings by Hansgrohe, bathroom wares by Duravit, and premium home appliances by De Dietrich and Samsung.

Sekisui House is also excited for this “new partnership” with CDL, according to Takehisa Yanagi, managing officer and head of international development department at Sekisui House. However, he points out that this is not their first collaboration with Frasers Property, as the two developers have worked together on numerous projects in Singapore over the past 13 years.

As for nearby amenities, residents can expect to find a variety to choose from, as The Orie is conveniently located near the Toa Payoh Town Centre, HDB Hub, SAFRA Toa Payoh, Junction 8 shopping mall and MacRitchie Reservoir. Families with children will also find the development ideal as there are several renowned schools in the area, including Pei Chun Public School, CHIJ (Toa Payoh) Primary and Secondary Schools, and First Toa Payoh Primary School.

Meanwhile, for healthcare facilities, residents can look forward to being close to the Toa Payoh Polyclinic, Tan Tock Seng Hospital, Mount Alvernia Hospital, Mount Elizabeth Novena…

Starting January 1, ERA Singapore will no longer cover the annual CEA license renewal fees for its real estate agents. This practice, which has been in place for seven years including during the pandemic, has been an integral part of ERA’s support for its agents. The decision was made to focus resources on initiatives that will help the company’s salesforce achieve success and benefit consumers. However, ERA will continue to support new agents by covering their renewal fees for the first two years, a common industry practice to help them establish themselves.CEO of ERA Singapore, Marcus Chu, expects that 2025 will be a “boom year” for the private housing market in Singapore. The decision to discontinue renewal fee coverage also addresses concerns about inactive agents switching between agencies solely for this benefit. As a result, there has been a reduction of around 300 agents, primarily those who have not had any transactions in the past year. However, the company has attracted around 230 new agents who joined on Jan 1, highlighting its appeal to active and aspiring real estate agents. Furthermore, the CEA is reviewing the implementation of a minimum transaction requirement for real estate salespersons, which emphasizes the importance of active participation and continuous professional development in the industry. Chu states, “By reallocating resources towards technology, training, and marketing, we reaffirm our commitment to empowering our core team of results-driven salespersons to excel and deliver exceptional value to clients.”

The cityscape of Singapore is characterized by towering skyscrapers and state-of-the-art facilities. Condominiums, situated in desirable locations, offer a fusion of opulence and convenience that appeals to local residents and foreigners alike. These residences come equipped with luxurious amenities like pools, fitness centers, and security services, elevating the standard of living and making them a sought-after option for potential renters and purchasers. For those looking to invest, these enticing features translate into greater rental returns and appreciation in property value in the long run. With Singapore Condo added to the mix, the appeal of these properties is only further enhanced.…

Real estate agency SRI made a major announcement on Jan 1, revealing that 111 agents from Knight Frank Singapore’s KF Property Network (KFPN) had joined their team, including KFPN’s head, Evan Chung. This move makes up 40.5% of KFPN’s 274 sales force as of Jan 1, 2024, when it was ranked as the sixth-largest property agency by the Council for Estate Agencies (CEA). SRI had 1,286 agents at the beginning of 2024, making it the fifth-largest property agency. With the addition of 111 agents from KFPN and new recruits from the four largest agencies – PropNex, ERA, Huttons, and OrangeTee & Tie (OTT) – SRI’s agency sales force has now grown to 1,501 at the start of 2025.

When considering purchasing a condo in Singapore, it is crucial to carefully analyze the government’s property cooling measures. To maintain a stable real estate market and discourage speculative buying, the Singaporean government has implemented several measures over the years. These measures, such as the Additional Buyer’s Stamp Duty (ABSD), impose higher taxes on foreign and multiple property buyers. While they may initially affect the profitability of condo investments, they ultimately contribute to the long-term stability of the market and create a secure investment environment. These measures also underscore the importance of thorough research and careful selection when investing in a condo in Singapore. Despite these measures, condo investments can still provide a reliable and secure opportunity. Therefore, it is essential to stay informed and consider all factors before making a condo investment in Singapore.

SRI was co-founded by managing partners Bruce Lye and Benson Koh in 2016 and is a spin-off from SRI5000, which they established as a division of SLP Realty six years earlier. Starting out with 120 agents in a 2,000 sq ft shop unit on Eng Watt Street in Tiong Bahru, SRI quickly outgrew its premises and moved to a 4,200 sq ft office space at Great World in 2021. Today, the firm has reached a major milestone with nearly 1,500 agents and aims to expand its team to 2,000 by the end of 2025, according to CEO Thomas Tan.

This growth in sales force is expected to strengthen SRI’s existing business lines, which include residential, capital markets, industrial, auctions and international projects. Tan also highlights that many of the new agents from KFPN are involved in large deals, which will complement their focus on the Good Class Bungalow (GCB) and luxury property segments. He envisions SRI as a boutique agency with a strong emphasis on the luxury residential market, positioning itself as a “thought leader in the industry, known for its high standards, niche expertise, and client-centric approach”.

Former KFPN head Chung, who is now joining SRI as a leader, explains that his decision to move was driven by the agency’s commitment to equipping its agents with effective tools, comprehensive support, and expert coaching. He adds, “The open and collaborative culture here makes us feel supported as professionals and as a team striving for excellence together. Hence, we believe this will be a great platform to grow our business and serve our valued clients through the offerings across the residential, commercial, and industrial market segments, auctions, and international properties.”

Following the departure of Chung and other agents, KFPN’s sales force has decreased to 145 agents and its ranking has dropped from sixth to eighth largest agency, based on Jan 1 figures from CEA’s public register. However, Knight Frank Singapore’s CEO, Galven Tan, assures that it’s business as usual at KFPN. “We are appointing a new head to lead KFPN, ensuring strong leadership to drive its growth and success,” he states. “We will evaluate the team’s strengths and expertise to strategically position KFPN for future opportunities.”…