The Orie in Toa Payoh: Key Insights, Pricing, and Rental Outlook
Key Takeaways
- First New Launch in 8 Years: The Orie stands out as the first new condominium in Toa Payoh since 2015.
- Prime Location: It is situated a short walk from Braddell MRT station, offering convenient travel options.
- Pricing Details: Units range from about $1.28M for a 1-Bedroom + Study to $3.48M for a 5-Bedroom.
- Rental Yields: Expected yields are about 3% for smaller units and around 2% for larger ones.
- Facilities: The development includes 45 facilities, with a focus on greenery and carefully planned spaces.
The Orie is a fresh condominium project in Toa Payoh, District 12.
It is an important development because it is the first new launch in this area in nearly a decade.
This project spans two 40-storey blocks and offers 777 residential units.
Many people have shown interest in this project.
During the first few days of its sales gallery opening, around 8,000 individuals visited the site.
This strong response suggests that the development has caught the attention of potential buyers who seek a home in a convenient part of Singapore.
Developer Background
The Orie is a joint venture involving three companies:
- City Developments Ltd: 50% stake
- Frasers Property: 25% stake
- Sekisui House: 25% stake
They acquired the land in November 2023 for $968 million.
That plot was previously used by the Police Security Command Building.
This joint project is the first collaboration among these three developers.
Project Details
Location
The Orie stands at 10 and 12 Lorong 1 Toa Payoh.
It occupies a land area of about 169,458 square feet.
Its tenure is 99 years, and the expected completion (TOP) date is in 2029.
Unit Mix
- 1-Bedroom + Study
- 2-Bedroom
- 3-Bedroom
- 4-Bedroom
- 5-Bedroom
There are 777 units in total.
The design suits families, singles, and those seeking convenient city-living.
Facilities
- 45 shared amenities spread over three floors
- Careful inclusion of conserved trees
- 627 parking lots for 777 units (about 81% ratio)
Expert Observation:
Several mature trees have been preserved, which adds to the greenery.
This choice might attract nature lovers who appreciate established landscapes within a modern residence.
In many mature estates, some buyers like seeing old trees integrated into a new site.
Market Position
Limited Private Supply in Toa Payoh
Toa Payoh has not seen many private condo launches for a while.
Excluding The Orie, there are only about 4,517 private units in the entire area.
Many people have been waiting for a new launch here.
Unit Mix Highlights
Close to 50% of the units are 1-Bedroom and 2-Bedroom types.
These layouts often appeal to singles, couples, or those wanting a smaller, more affordable home.
HDB Upgraders’ Interest
About 41% of condo buyers in Toa Payoh hold HDB addresses.
This means many families who live in HDB flats upgrade to private condos within the same area.
Gem Residences, another Toa Payoh project, had 58% of its buyers coming from HDB addresses.
Expert Reflection:
Families often prefer staying in the same area because they enjoy existing amenities, schools, and relatives nearby.
This pattern may repeat with The Orie, making it a significant choice for those looking to upgrade.
Project Highlights
Facilities and Convenience
- Three Floors of Facilities: Includes pools, gardens, and common lounges for residents.
- MRT Proximity: It is within a short walk to Braddell MRT station.
- Existing Shops and Malls: Toa Payoh has established food courts, supermarkets, and sports complexes.
Personal Anecdote (Expert View)
Many longtime property observers note that Toa Payoh was Singapore’s first satellite town in the 1960s.
Some older residents recall the original hawker stalls and the well-known town center.
This connection to heritage can make The Orie feel special compared to newer towns.
H2: Location Benefits
Mature Estate Advantages
The Orie sits in a district with many shops, clinics, and schools.
Because Toa Payoh is a mature neighborhood, residents have easy access to daily essentials.
Public Transport
- Braddell MRT is less than a five-minute walk.
- Buses are plentiful along Lorong 1 Toa Payoh.
Nearby Amenities
Many choices for food, medical care, and sports.
Toa Payoh Sports Hall and Swimming Complex are close by.
Pricing Overview
Prices at The Orie reflect current market conditions and the higher cost of land purchase.
Here are some indicative figures:
| Unit Type | Size (sqft) | Approx. Price (SGD) | PSF |
|---|---|---|---|
| 1-Bedroom + Study | 517 | $1.28M | $2,476 psf |
| 2-Bedroom | 592 | $1.48M | $2,500 psf |
| 3-Bedroom | 850 | $2.09M | $2,459 psf |
| 4-Bedroom | 1,216 | $2.92M | $2,401 psf |
| 5-Bedroom | 1,453 | $3.48M | $2,395 psf |
Most units fall between $2,300 and $2,600 per square foot.
Prices may change depending on promotional deals or specific floor levels.
Expert Note:
New launches in the Rest of Central Region (RCR) often have higher prices than Outskirts (OCR).
In recent months, projects with city fringe locations have shown stable demand from both owner-occupiers and investors.
Market Comparison
Below is a table comparing The Orie with other recent launches:
| Project | Location | PSF Range |
|---|---|---|
| The Orie | Toa Payoh (RCR) | $2,300 – $2,600 |
| Hillock Green | OCR | $2,086 – $2,554 |
| The Continuum | RCR | $2,664 – $3,091 |
| Pinetree Hill | RCR | $2,394 – $2,607 |
The Orie’s price sits in a reasonable range for its location.
Its land acquisition cost was $1,360 psf, which affects final selling prices.
Value Points
- Strategic MRT Access: Less than five minutes to Braddell MRT.
- Rare New Launch: First project in the area after eight years.
- Mature Estate Perks: Easy access to shopping, schools, and clinics.
- Large Developer Team: Credible names like City Developments Ltd, Frasers Property, and Sekisui House.
Expert Advice:
Some buyers might pay a premium for the convenience of being near an MRT station.
Buyers who place importance on quick public transport links may lean toward this project.
Rental Yield Estimates
The rental yield refers to the annual rental income divided by the purchase price.
Below are the expected yields for The Orie:
| Unit Type | Expected Yield |
|---|---|
| 1 Bedroom + Study | ~3% |
| 2 Bedroom | ~3% |
| 3 Bedroom | ~2% |
| 4 Bedroom | ~2% |
| 5 Bedroom | ~2% |
These yields reflect typical new launch performance in the RCR.
In many cases, smaller units produce higher yields because of lower purchase prices.
Rental Market Context
Singapore’s rental market has been changing.
According to some data, new launch condominiums in the RCR achieve average yields of 3.0% to 3.5%.
Costs have risen due to higher land prices, and Toa Payoh is a mature town where prices are relatively stable.
Personal Expert Perspective:
Some investors look at smaller units to maximize rental yield.
In the past, one-bedroom units in city-fringe areas often commanded strong demand from single professionals.
Comparison with Nearby Condos
Here is how The Orie’s estimated yield (3.0%) compares with other properties in Toa Payoh:
| Project | Rental Yield |
|---|---|
| The Orie | ~3.0% |
| Gem Residences | 4.0% |
| Sky@Eleven | 2.4% |
| Oleander Towers | 3.85% |
| Tre Ver | 4.0% |
The average rental yield in Toa Payoh is about 3.56%.
The Orie’s projected yield is slightly below that level.
Why the Lower Yield?
- Higher land cost (about $1,360 psf)
- New launch premium prices
- Location near amenities, which can push up the purchase price
Observations on Yields
Average gross rental yield in Singapore was about 4.35% in Q2 2024.
Properties in prime areas, like Tanglin and Holland, often have yields around 3.85%.
In Outskirts (OCR), yields can top 5% because of lower purchase costs.
Toa Payoh stands in the middle range, leaning closer to the city.
Tips for Investors:
- Smaller units may yield closer to 3% or slightly higher.
- Larger family-oriented units might show 2-3% returns.
Investment Considerations
- MRT Proximity: Potential tenants often pick units near public transport.
- Heritage Factor: Toa Payoh’s status as a mature estate may appeal to long-time residents.
- Limited Supply: Fewer new launches could support future resale prices.
- Rental Market Trends: Softening rental market may require setting a competitive rent to attract tenants quickly.
Expert Insight:
Some buyers choose The Orie as a long-term family home.
Investors might hold it until the wider market sees an upswing in rents.
Final Thoughts
The Orie marks an important chapter in Toa Payoh’s development story.
With 777 units spread across two towers, it draws attention from families who want a central location and from investors who value connectivity.
Its pricing reflects the land cost and the mature estate charm.
Buyers who appreciate living near established amenities and MRT stations could find The Orie appealing.
Those seeking higher yields might consider smaller units or look at other areas, depending on their budget.
Frequently Asked Questions (FAQs)
Q1: When is the expected TOP for The Orie?
The expected TOP is in 2029.
Q2: How many units does The Orie have?
It offers 777 units across two 40-storey blocks.
Q3: Is The Orie close to public transport?
Yes, it is about a five-minute walk to Braddell MRT station.
Q4: Which developers are behind The Orie?
It is a joint project by City Developments Ltd (50%), Frasers Property (25%), and Sekisui House (25%).
Q5: What is the size range of the units?
Sizes range from around 517 sqft for a 1-Bedroom + Study to about 1,453 sqft for a 5-Bedroom.
Q6: Are there enough parking lots for all units?
There are 627 parking lots, which is roughly 81% of the total units.
Q7: How do The Orie’s rental yields compare with nearby condos?
The Orie’s expected yield is around 3.0%, which is slightly lower than the average of about 3.56% in Toa Payoh.
Q8: Are there any old trees or landscaping?
Yes, the developers have conserved several mature trees within the project’s grounds.
Q9: Is this project suitable for families or single buyers?
It can suit both groups. Smaller units might appeal to singles, while 3- to 5-Bedroom units serve families.
Q10: How does Toa Payoh’s mature estate status affect The Orie’s appeal?
It enhances convenience because the area already has shops, schools, and transportation options. This can improve both the living experience and potential resale value.
This article aims to provide a clear overview of The Orie’s features, pricing, and rental appeal.
Readers can use this information to decide if The Orie aligns with their lifestyle or investment goals.