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
HOT FROM THE OVEN- GET PREMIUM PRICE, PRIOR DISCOUNTS !!!
| TYPE | 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
CMA – Sky Vue
CMA – Trevista
CMA – Thomson Impressions
Recent Land Tenders for Gem Residences
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 !