Summary
As of January 19, the 777-unit condo had 668 units sold, amounting to 86%, at an average of $2,704 psf. This 99-year leasehold project at Toa Payoh Lorong 1 is developed by CDL, Frasers Property, and Sekisui House.
Curious about what draws so many buyers to The Orie? Its setting in Toa Payoh, close to an upcoming integrated development, has captured the imagination of upgraders and first-timers alike.
Pent-up need for new homes in this popular neighborhood is cited as a key driver of sales. The last major launch in Toa Payoh—Gem Residences—dates back nearly a decade to 2016, so fresh condominiums here spark immediate interest.
Location and Timeline
Set to complete in 2030, The Orie coincides with the planned opening of the Toa Payoh Integrated Development. Positioned only five minutes on foot from Braddell MRT, it offers quick access to daily conveniences and transport links.
Developer Perspectives
The consortium remarks that nearly 93% of purchasers are Singaporeans, reflecting the local appetite for well-located condos. Another 7% are permanent residents from multiple nationalities, and a US citizen secured a unit as well.
Buyer Profile
Local upgraders and families from Toa Payoh form a big chunk of the buyers. Many first-timers were also lured by its proximity to transit and services, especially with the upcoming integrated facilities in the area.
Launch Demand and Sales Breakdown
Mark Yip, CEO of Huttons, shares that buyers viewed the condo’s pricing as fair for a mature estate like Toa Payoh, attracting both investors and those seeking a centrally located home.
Huttons points out that more than 60% of The Orie’s 78 one-bedroom plus study flats (517 sq ft) were claimed by launch weekend. These units, priced roughly from $1.28 million to $1.545 million, drew mostly investor interest.
These core unit types, two- and three-bedroom varieties, saw the fastest uptake. Buyers paid approximately $1.48 million at the lower end for a two-bedroom, with upper-range three-bedders passing $3 million.
Dual-key formats offer flexible living or rental income, explaining their popularity. Four-bedroom configurations, priced in the high $2 million to mid-$3 million range, likewise had strong acceptance.
More than half the four-bedroom premium plus study (1,367 sq ft) and close to 60% of the five-bedroom units (1,453 sq ft) were sold, priced from $3.28 million to $3.998 million. These larger units cater to multi-generation families or those wanting extra space.
Market Impact and Outlook
Ismail Gafoor, CEO of PropNex, notes that over the same weekend, Bagnall Haus and The Orie collectively sold about 740 new homes. This total surpasses the 304 private homes sold throughout January 2024.
PropNex projects an active first quarter in 2025, with momentum continuing after a busy November 2024. Nonetheless, Gafoor cautions that price-conscious buyers will remain selective, prioritizing well-located developments.
Natarajan also comments that robust market uptake often raises the likelihood of cooling measures if values spike too quickly, hinting that developers should remain alert over the next few months.
Conclusion
For potential homeowners or investors eyeing a mature estate with proven resale value, The Orie demonstrates how location and timing can spark overwhelming buyer response.
Lentor Central Residences Preview
Those seeking a property with close transport links and a trusted developer partnership may find The Orie’s success reassuring. Its quick sell-through underscores a thirst for new options in a well-loved district.