Gem Residences - New Development by Gem Homes Pte Ltd

About Gem Residences

Gem Residences Comprising of 1 block of 37-Storey and 1 Block if 38-Storey residential buildings with a total of 578 units .Gem Residences Details

Gem Residences - Prime Location in the heart of Toa Payoh Central.

Gem Residences Location

Gem Residences is located at the junction of Toa Payoh Lorong 4 & Toa Payoh Lorong 6, District 12, Singapore. Gem Residences Location

Woodlands, Pasir Ris, Toa Payoh set for a facelift

A new rustic park and a nature promenade at the Woodlands Waterfront, as well as more family-oriented spaces and recreational options at Pasir Ris Park and Beach – these are part of the renewal plans for three housing towns.

These enhancements for Woodlands, Pasir Ris and Toa Payoh are the latest under the Remaking Our Heartland programme, the Housing and Development Board (HDB) said on Sunday (April 2).

And for the first time, residents and community stakeholders were invited to join the early stages of the planning and share ideas on the improvements they hoped to see. Some 400 residents, ranging between 17 and 81 years old, participated in 11 focus group discussions in 2015.

50 percent of Gem Residences sold in a day

Experts point to attractive location in Toa Payoh and pricing as reasons for strong sales

Around 50 per cent of new condo Gem Residences was sold in a day, ahead of its public launch today. Such a successful sales result has not been seen in over a year, but experts noted that this likely reflected the appeal of this particular project.

"It's in Toa Payoh, where a launch hasn't taken place for some time. Toa Payoh is a very established, mature Housing Board estate and there is strong demand for new projects there," said Mr Eugene Lim, ERA Realty key executive officer. "The attractive pricing also played a part."

At the VIP launch yesterday, queues started forming early in the morning and, by 6pm, about 300 of the 578 units had been sold at an average of $1,426 per sq ft (psf). Prices are from $578,000 for the smallest one-bedder of 452 sq ft. About 47 per cent of units are priced below $1 million and 73 per cent of units are priced below $1.4 million.

Mr Vincent Ong, managing partner of Evia Real Estate - joint developer together with Gamuda and Maxdin - said he was pleased with the response. Given the roughly 2,500 expressions of interest received so far, more sales should come through today, he added.

Prices at the project are lower than the over $1,600 psf for new Alexandra projects and over $1,500 psf for Bishan ones, said Mr Ong. "Today's market is a bit risky with Additional Buyers' Stamp Duty for developers and Qualifying Certificate issues. Some developers may wish to go for maximum margin, but it's a lot safer to price judiciously."

While one- and two-bedroom units were very popular, there was good interest as well for the larger units, with one of two penthouse units sold, the developers said. Prospective buyers were offered cash rebates of $7,500 to $10,000 during the VIP launch. The offer will be extended until tomorrow.

Interior designer Eugene Wu, 26, who bought a two-bedroom unit for $980,000, said the location was very convenient and the price was good. He had been looking for his first home for over a year.

Mr Lim of ERA Realty, which is jointly marketing the project with PropNex Realty, said: "From the sales performance, we can tell that buyers reserve their ammunition for something that would give them good value for money - in this case, the developer has put many features into the project and effort into marketing."

Another launch this weekend is Stars of Kovan by Cheung Kong Property. It sold about 60 of a total of 395 residential units at the VIP pre-sale last weekend.


Gem Residences saw an amazing strong interest !

A strong interest in Gem Residences in Toa Payoh

If the plentiful expressions of interest received were anything to go by, the 578-unit Gem Residences at Toa Payoh would have been sold more than twice over. The 99-year leasehold project, comprising two tower blocks, is within walking distance of the Braddell MRT station.

Evia Real Estate, one of the consortium partners behind the project, yesterday said property agents have already collected 1,449 cheques as expressions of interest from prospective buyers a week before the project is launched for sale.

The showflat opens for viewing from today till Sunday. And in a move that deviates from the norm, the developers of Gem Residences are unveiling the pricing of all units to the public before the launch. Typically, developers provide only an indicative price range, and home buyers do not learn the exact price of their preferred unit until the balloting exercise during the launch.

"Currently private condo buyers go into the ballot room not knowing whether he has the unit, what the price is and what alternatives he has besides the unit," Evia Real Estate managing partner Vincent Ong said at a media preview yesterday.

In a move to make the process more transparent and to give buyers more time to consider their options, Mr Ong said prices of every unit - except the two penthouses - will be put up via detailed coloured charts at the showflat.

The prices on display are what Mr Ong called "VIP pricing", and will be valid for only one day on May 27, when booking for units starts. After that, prices will be 2 per cent more. The special price works out to an average of $1,426 per square foot, lower than the indicative pricing of $1,480 psf announced previously.

A one-bedroom apartment would cost $578,000 to $741,000, for a two-bedder $750,000 to about $1.16 million, and $1.22 million to $1.56 million for a three-bedder. Prices for larger apartments such as the four-bedders go from $1.66 million to $1.82 million, while the five-room units cost between $1.75 million and $1.91 million.

Mr Ong said the profit margin is about 9 per cent, and it is hoped the competitive pricing will drive sales. "Our plan is to sell it deep enough for the first day... Today, with the various cooling measures, if you don't sell enough, it takes a long time to move the balance of units."

Based on a sample of 1,000 expressions-of-interest tracked by the developers, 73 per cent of them have HDB addresses. And of the 1,000 prospective buyers, the majority are keen on the one-, two- or three-room apartments. Close to 60 per cent of units are one and two bedders, from 452 sqft to 775 sqft. The three to five bedders are 936 sqft to 1,313 sqft.

Apart from Evia Real Estate, the other two firms which are jointly developing Gem Residences are Gamuda Berhad and Maxdin.

Gem Residences Price

Gem Residences- the 38 storey residential buildings in Toa Payoh will boast unrivaled privileges: Rare and Exclusive Site in a mature real estate area, easily connect to places, the first One of a kind development in area with “Club Med” like services and lifestyle. The indicative price of GEM RESIDENCES given by the developer is $1,480 psf.

Gem Residences Price


1 Bedroom $578k - $741k
2 Bedroom $750k - $1156k
3 Bedroom $1215k - $1560k
4 Bedroom $1656k - $1822k
5 Bedroom $1750k - $1912k

Achieved Prices Along NS Line

Achieved Prices Along NS Line

CMA – Sky Vue

CMA – Trevista

CMA – Thomson Impressions

CMA of Thomson Impressions and gem residences price

Recent Land Tenders for Gem Residences

Gem Residences Actual Site

S$760.56 per square feet per plot ratio is the top bid by Chip Eng Leong's CEL Residential Development for Gem Residences. "The estimated breakeven prices for the residential space in the new condominium to be developed on this site range from S$1,250 psf to S$1,300 psf. The developer of this condominium project could be aiming to launch the project at above S$1,500 psf in 2017," Mr Mak said.

The top bid for Gem Residences by UOL Venture / Investments translates to nearly S$710 per sq foot per plot ratio, Singland Homes of S$692 psfppr by just 2.6 per cent. "There is no other major condominium project in the area IP that is not launched for sale yet. It is very likely that the Government will award this tender to the top bidder. Therefore at this land price of S$709.97 psf ppr, the estimated breakeven price is about S$1,100 psf to S$1,150 psf," Mr Mak added.

The top bid, coming from a consortium comprising Fraser Centrepoint's FCL Topaz, Sekisui House and KH Capital, translated to S$858.02 per sqf per plot ratio. "Furthermore, there is almost no new private condo development in the vicinity. Hence. the project at this site will not have to face keen competition." He estimated the breakeven at S$1.370 per sqf to S$1,480 per sqf, with selling prices above SS1.650 per sqf.

Tentative Launch Timeline Gem Residences

  • Co-broke Briefing by Project DDs: 12th April (Tues) MBSQ @11am
  • Targeted Tentage Start Date: 15th April 2016
  • Targeted Sales Gallery Start Date: 29th April 2016
  • Targeted Showflat Opening Date*: 20th May 2016
  • Targeted Price Release*: 20th May 2016
  • Showflat Closure: 23rd to 26th May 2016
  • Booking Day*: 27th May 2016

Gem Residences is A wonderful development at such a great indicative price! Do you want to book a unit? Register for Gem Residences here !

Gem Residences by Gem Homes Pte Ltd

Gem Residences- First New Condominium Launch in Toa Payoh for Almost 7 Years- the first Club- Condo in this area is developed by Gem Homes Pte, Ltd- a joint venture of Evia Capital Partners Pte Ltd (Evia), Maxdin Pte Ltd, Gamuda Berhad.

Gem Residences by Gem Homes Pte Ltd

Gem Reisences by Gem Homes Pte Ltd

Evia Capital Partners Pte Ltd (Evia)

gem residences by Evia Real Estate
Evia Capital Partners Pte Ltd (Evia) is a private equity firm. The Developer has manages a portfolio worth in excess of $150 million. Evia Real Estate is also a property fund manager in South Korea. With a portfolio of over 2.3 million sq ft of industrial and commercial space, its assets under management have a combined value of more than $1.5 billion. Track record includes Watercolours, Heron Bay and Lakelife

Maxdin Pte Ltd

gem residences by Maxdin Pte Ltd
Maxdin Pte Ltd is a wholly-owned subsidiary of Greatearth- Greatearth is one of Singapore’s most established integrated building services companies with over 100 years of engineering and construction heritage together with its predecessors. Track record includes Marina Bay Sands (hotel), Orchardgateway, Fusionopolis, National Library (Bras Basah), Ngee Ann City, Raffles Town Club, NTU and NUS among others. Some residential projects include Ascentia Sky, Kovan Melody, Austville Residences, Watercolours and Waterwoods; as well as DBSS housing Park Central @ AMK

Gamuda Berhad

gem residences by gamuda berhard
Gamuda Berhad is an engineering, property and infrastructure company based in Malaysia. One of the largest Malaysian infrastructure companies. Projects include construction of Klang Valley MRT lines, highways, airport runways, railways, tunnels, water treatment plants, dams, infrastructure concessions and the development of new townships.

Under construction of reputable developers, Gem Residences will be a perfect place for you to invest, to stay as well as to grow. Just a good buy.... But how much will the selling price be? Take an overlook on Price of Gem Residences.

Welcome To Gem Residences in Toa Payoh

GEM Residences: Project Name Confirmed for Upcoming Condominium Development at Lorong 6 / Lorong 4 Toa Payoh: First New Condo Launch in Almost 7 Years at Toa Payoh!

Gem Residences club condo

Welcome to Gem Residences. Welcome to exclusivity.

A HOT NEW CONDOMINIUM OPENING FOR SALES IN TOA PAYOH. This project call "Gem Residences" with 578 luxury apartments for your family. Gem Residences is located at the junction of Toa Payoh Lorong 4 & Toa Payoh Lorong 6, District 12, Singapore. Gem Residences is developed by Gem Homes Pte. Ltd.

Gem Residences Facade

Located in Toa Payoh Centrel, GEM RESIDENCES is a 99-years leasehold with effect from 21 Sep 2015. Comprising of 1 block of 37-Storey and 1 Block if 38-Storey residential buildings with a total of 578 units and 1 block of Multi-Storey carparks with a total of 578 lots with communal / ancillary facilities, it offers countless amenities and the best of urban conveniences.

Truly a mixed development surrounded by old icons and new experiences to please any palate. Learn more Gem Residences's Location !

Gem Residences Project Details:

Project Name Gem Residences
Address at the junction of TPY Lor 4 & TPY Lor 6, District 12, Singapore
Type of Development Residential
Developer Gem Homes Pte Ltd
Tenure 99-years leasehold with effect from 21 Sep 2015
Site Area 12,154.6 sqm / 130,832 sqft
No of Units 578 units with full condo facilities
No of Storey 37 / 38
No of Block 2
No of Carparks 578 lots excluding of 6 handicapped car park lots
No of Lifts per core 3 (For Tower Block A and B)
Architect Surbana Jurong Private Limited
Landscape Consultant Surbana Jurong Private Limited
Main Contractor Greatearth Corporation Pte Ltd
Show Gallery Interior Designer FARM
Expected Date of TOP April 2020

Gem Residences - Right in the heart of it all

Conveniently located next to Braddell MRT Station and Toa Payoh MRT Station and major expressways, Toa Payoh Lorong is just a stone's throw away. In addition, Gem Residences ia also close to reowmned schools and a array of dining and entertainment options at the biggest heartland shopping-mall - Toa Payoh Hub. At Gem Residence, convenience comes closer

Within two kilometres, good schools abound. You will find 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 and more.

Gem residences Pool

Why to invest to Gem Residences

  • First new condominium in Toa Payoh in almost 7 years
  • Only 578 exclusive units
  • Well-served by Toa Payoh and Braddell MRT
  • Only 4 MRT Stops to Orchard
  • Excellent connectivity to PIE and CTE
  • 1BR to 5BR units available
  • Unique Triple-key unit

Let me share with you a secret. It’s a place where I go to when I need respite from the mundane. It’s a place inspired by resort living. And where every day radiates with fun surprises for all. Because this is where fond memories will be made. And they will keep growing fonder through the years. Welcome, everyone, to my secret place: my home, here at Gem Residences.

Gem Residences Register for Preview

Gem Residences by Gem Homes Pte, Ltd is brought into life with iconic design, fine floor plans to become the landmark transforming the growth of Toa Payoh area. Showflat of Gem Residences will open for viewing from April 2016. The invitation to this event is by appointment only.

Gem Residences Showflat Site

Gem Residences Showflat Site

The indicative price of GEM RESIDENCES given by the developer is $1,480 psf

Don't hesitate to contact us by CALL HOTLINES : (65) 6303-0574 or drop a message in the form to get THE INVITATION FROM DEVELOPER, PRIOR PRICE, PAYMENTS SCHEDULES, EARLY BIRD DISCOUNT, NEWS & UPDATES for the Unique Club Condo in Toa Payoh.