While at first glance The Orie looks like any other new condominium for sale, its unique location and surroundings are often overlooked by home owners because Toa Payoh is a mature housing estate.
There are 3 important factors that make The Orie attractive for families, so much so that home buyers do not want others to know, less there is more competition for the same unit. But we have revealed them here!
The Orie location is known for its good primary and secondary schools. Just a short walk away are Pei Chun Primary School, which is a highly sought after primary school in Singapore, Kheng Cheng Primary School and Beatty Secondary School. The presence of Raffles Institution nearby also induces buyers with children across all age groups to really take notice of this development’s attractiveness.
The Orie is within a one-kilometer radius of Pei Chun Primary School, Kheng Cheng School, CHIJ Primary (Toa Payoh) and First Toa Payoh Primary School. This gives parents with children registering for Primary 1 a good buffer of schools to choose from in the event they do not get the first priority ballot for the school they want.
With such a premium built into this condominium, buyers need to be aware that this residential development will be fiercely competitive. This is especially true for the nearby HDB upgraders who desire better amenities and privacy that a condominium provides, without sacrificing the benefits of their current location. This implies that the neighbourhood would already have facilities, such as daycare and after-school care centers, to accommodate the large number of primary school students.
For parents preparing to enroll their kids in a good Singapore primary school, this is a perfect fit.
With the shortage of bare land in Toa Payoh, any future development in Toa Payoh will likely be to En Bloc existing developments. There are also a limited number of private residences that are near a MRT station within Toa Payoh. Therefore, HDB upgraders who want to move into a condominium without leaving Toa Payoh have limited options. As more HDB flats transact near the $1 milliom mark and the owners receive large cash proceeds, these owners may compete for the current condominiums to upgrade to since there is such a low supply.
The Orie is the 5th condominium in Toa Payoh, and from the time of the first condo to The Orie is about 30 years, a 6 year average waiting time between developments. So it’s highly likely that a buyer will have to wait another 6 years for the next condo to be available!
With this shortage of private housing in the area, pent up demand will only increase in the future as more HDB owners choose to upgrade. This has the potential of driving up prices at The Orie, benefitting current owners.
Geographically, Toa Payoh can be considered as the centre of Singapore. The Orie is sited about 5 minutes walk to Braddell MRT Station, where commuters can quickly traverse to the financial district via the North-South Line in about 20 minutes. Commuters can also transfer to the Circle line at Bishan and reach most of the Singapore towns within 20 minutes.
This convenience to the Central Business District and key zones of employment adds a premium to The Orie, as working professionals face less impact on travelling times if they change job locations within the country. You do not need to move house because it is far from the work place again!
With these 3 important and unique benefits, The Orie has many good points to merit consideration for families both big and small on a lookout for new homes in Toa Payoh. It’s no wonder that other home owners want to keep mum on the benefits so there is less competition for units at The Orie!
Curious what does the condominium and interior of the apartments look like? Make an appointment using the form below to visit the showflat today!
Developer: CDL, Frasers Property, Sekisui House
Tenure: 99 Years Leasehold
Site Area: 169,458 square feet
Total Units: 777
Expected TOP: May 2030
Expected CSC: May 2033
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