GEM Residences @ Toa Payoh

The GEM Residences . City Fringe . 6 Minutes Walk to Braddell MRT

The GEM Residences is a brand new condominium being built in the well-connected residential estate of Toa Payoh, at the city fringe. This gem of a condo will launch for sale around April / May 2016. About 6 minutes walk to Braddell MRT Station on the North South MRT Line, 10 minutes train ride to Orchard Road & 15 minutes to Raffles Place.

Artist’s Impression :: The GEM Residences by Evia Real Estate

The GEM Residences · About Toa Payoh

Toa Payoh is one of the oldest and most sought after residential estates. It is located right in the heart of Singapore, between the city centre and the reservoir parks. It has developed a character entirely its own, with a mix of old charm juxtaposed with all the new amenities that make for convenience.

Being a mature estate, it is almost completely built up, and new condominiums are rare. The last one, Trevista, launched about 7 years ago. Since then there have been no new launches. The GEM Residences is likely to reap the pent up demand from the past few years, especially among younger residents who want to set up home near their parents.

Come arrange to view the showflat if you would like to live or invest here.

The GEM Residences in Toa Payoh . 480m from Braddell MRT Station . Click to Enlarge

The GEM Residences · Key Points

Highlights of the GEM Residences:

A home conveniently on the city fringe, 10 minutes drive to Orchard Road and 15 minutes from the CBD.
Easy access to all the amenities like supermarkets, F&B, banks, shops, salons, childcare & child enrichment centres, that come with a mature estate.
6 minutes walk to Braddell MRT Station; just 10 minutes ride to Orchard Road.
Within quick reach of good schools and educational institutions.
One MRT train stop up from Toa Payoh Town Centre, and one stop down from Junction 8 at Bishan Town Centre, with a choice of food outlets, shops, supermarkets, life style outlets, etc.
An abundance of old hawker favourites, that are surprisingly cheap and good for such a central location.
Quick access to the PIE (Pan Island Expressway), joining to the KPE (Kallang Paya Lebar Expressway) and CTE (Central Expressway).

The GEM Residences is being developed by a JV headed by Evia Real Estate. They appear to have the happy knack of knowing what works. Two of their projects, the Lake Life EC in Jurong, and Heron Bay EC in Serangoon, sold out 90% of their units within their launch weekends.

The GEM Residences · Showflat Viewing · VIP Preview

Just register here if you would like to be kept updated on the GEM Residences launch.

The Gem Residences . VIP Preview

The Gems Residences . FAQ . Frequently Asked Questions

When does the Gems Residences open for booking?

Tentatively around April / May 2016. Currently being finalised and pending approval for sale.

To register for the Gems showflat viewing or VIP Preview, just contact us below.

What is the Gems Residences VIP Preview sales procedure like?

The procedure is as follows:

View the Gem showflat where you can see the show units and model of the project. You will get an idea of the facilities, block massing, room layouts & sizes, and fittings & finishes.

We will also show you the various unit types and floor plans, and estimated pricing range. (Note that before the actual balloting & sales take place, exact prices would not be available. But we can give you an idea of the indicative pricing.)

If you like the Gems condo, and indicative pricing is within your budget, we will give you a form to register your interest for the VIP Preview launch. Attach your cheque & copy of NRIC.
(This registration does not bind you in any way to eventually buying a unit. It is merely an indication of interest, and you can pull out at any time without cost or penalty. The cheque will not be used at all without your express consent, and will be returned to you without question if you do not actually purchase a unit.)

Upon submission of the form and cheque, you will be allocated a ticket by the developer, for the balloting on the Gem VIP Preview day. This is the day on which the Gems Residences first opens for booking and sale, so you will be among the first to select a unit. It also entitles you to any “Early Bird” discounts.

You might still want to register for the Gems Residences VIP Preview even if the estimated pricing is slightly above your budget. One can never tell – the actual prices at the Preview may come out below the indicative range! Without a ticket, you won’t be eligible to buy a unit then, even if you wanted to.

On the Gems condo preview launch day, just come for the balloting at the designated time. If you like the prices, join in the balloting. If not, simply opt out.

The balloting itself resembles a lucky draw. All the ballot tickets are placed in a box. When balloting starts, tickets are pulled out and the numbers called. When your number is called, you can proceed to buy a unit, if you like. So the balloting is to determine who gets to pick a unit 1st, who 2nd, and so on. All the numbers in the box are called; just a matter of when.

To purchase a unit, you need to pay a 5% deposit for the Option. This is where the cheque you submitted earlier, comes in. Then the unit is yours. Subject of course, to your paying for the rest of it with a combination of bank loan +/or CPF funds +/or cash. See Payment Schedule here.

Must I book a unit at the Gems Residences if I register? Any penalties or costs if I don’t proceed?

No. Until you actually purchase your unit, you are under no obligation to proceed. You can choose to not come for the balloting, or not to buy a unit even if you come.

No fees or penalties. We will return your cheque, no questions asked.

But once you have actually purchased a unit and paid your 5% Option fee, if you later decide not to proceed, the developer will forfeit 25% of your 5% Option Fee (ie. 1.25% of the total purchase price).

Am I eligible to purchase a unit at the Gems Residences?

Are at least 21 years old.
Have completed your MOP (Minimum Occupation Period) if you are an owner or essential occupier of a HDB flat or DBSS or EC unit.

No citizenship restrictions. So no restrictions on foreign ownership.

(But note that Additional Buyers Stamp Duty is payable in certain cases. Contact us for details here.)

When can I sell or rent out my Gems Residences unit?

To rent, anytime after you collect the keys upon TOP (completion) of the Gems Residences.

To sell, anytime. But note that sales within the first 4 years from the date of purchase are subject to Sellers Stamp Duty (SSD). See the details here (opens in new window).

::

What is the payment schedule like? How much cash do I need?

The Gems Residences is a BUC (Building Under Construction) private condominium. Only payable under the Normal Payment Scheme. (Deferred Payment Scheme is only allowed for Executive Condominiums.)

For the Normal Payment Scheme (NPS):

First 5% is from cash (via a cheque) at the time of booking the unit.

Next 15% is within 8 weeks of booking the unit. This 15% can be from your CPF OA funds, and/or from your cash savings. (Bank loan cannot be used here.)

You will need to pay your stamp duty to IRAS within 4 – 5 weeks of booking your unit.
Basic Stamp Duty = (3% of purchase price) minus SGD$5,400
+
Additional Buyer’s Stamp Duty (ABSD) :: See rates applicable here (opens in new window)

The remaining 80% may be via a bank loan, CPF funds, and/or cash. Whether you can get 80% loan, or 70% loan, or less, depends on your age, income and credit worthiness. If you would like help to ascertain this, drop us a note here.

This 80% is payable progressively, meaning you (or the bank on your behalf, if you take a loan) pays he developer as and when construction work reaches prescribed stages. So if you take a loan, your monthly instalments would start small and slowly increase.

Do I have to pay any admin charges or commissions or agent fees?

No, not at all. We are here to provide you all the information, and help you book your unit directly from the Gems Residences developer, at no charge. No obligation either.

The Gems Residences VIP Preview · Showflat Viewing

Just register here if you would like to be kept updated or register for Gem showflat viewing.

Toa Payoh New Condo . The Gem Condo

The Gem Condo . About the Toa Payoh New Condo Launch

The Gem Residences is the first new condominium project to launch in Toa Payoh in more than 6 years. It is likely to tap a well of pent up demand, especially from the pool of long time residents of this estate. Many residents who grew up here could wish to stay close to their parents, in a familiar and comfortable environment.

The Gem Condo . Toa Payoh New Condo . Toa Payoh by Night

There is also likely to be interest from investors, as Toa Payoh has limited land available and is unlikely to have much new supply in future.

The Gem Condo · About Toa Payoh

Toa Payoh is one of the pioneer satellite towns, and one of the closest to the city centre. It is classed as an Urban Planning Zone by URA.

The township design follows the urban planning principles of the time, to be essentially self-sufficient, with all the necessary amenities in place.

The town centre is its focal point. It buzzes with activity all day long, and has an unmistakable character of its own. Old shops and hawker stalls jostle with new entrants like Starbucks, Ya Kun, Jollibean, and the ubiquitous food court. There is a Fairprice supermarket at one end of the pedestrian mall, and a community library at the other, with a wide variety of shops lining it.

And of course, Toa Payoh centre is home to HDB Hub where the HDB Headquarters are, and is well served by several law firms and banks.

Nowadays Toa Payoh is one of the most popular housing estates. As a mature estate, new HDB BTO flats are rarely available for sale, and the few that are, are several times over-subscribed.

The Gem Condo · Toa Payoh New Condo · The Town Park

A large site in Toa Payoh has been set aside as a landscaped garden, providing a very welcome green oasis here.

The Gem Condo . Toa Payoh New Condo . Toa Payoh Town Park

Toa Payoh garden is noted for its plantings of willows, bamboos, and the vivid reds and yellows of the Delonix regia tree, forming colourful pathways that meander around. Right in the heart of the park is a 0.8 ha carp pond with a mini-waterfall and a cluster of linked islands.

These islands are arranged to offer a sequence of delightful vistas that open upon each other. There are also a children’s playground, a tea kiosk, garden shelters, and an open concept washroom.

The Gem Condo · Toa Payoh New Condo · Sports & Recreation

There are ample sports facilities, mainly next to Toa Payoh town centre itself. Like the Toa Payoh Sports Hall, the 3,500 seat Toa Payoh Stadium next to it, and a Swimming Complex, where national swimmers train.

The Gem . Toa Payoh Sports & Swimming Complex

SAFRA clubhouse is located beside the Toa Payoh Stadium.

The Gem Residences Launch · Showflat Viewing · VIP Preview

Just register here if you would like to be kept updated on the Toa Payoh new condo launch.

GEM Condo Developer

The GEM Condo . Developed by Evia Real Estate

A partnership of Evia Real Estate Pte Ltd (Evia), Gamuda Berhad and Maxdin Pte Ltd, won the land sale for the GEM condo with a top bid of S$345.86 million which works out to S$755.30 per square foot per plot ratio (psf ppr), in a hotly contested tender.

The Evia Group is a conglomerate jointly owned by Evia Real Estate Management, and the Ho Lee Group. Their stated aim is to develop quality properties, that are yet reasonably priced for home owners and investors.

They have garnered a strong track record in recent years in the EC (executive condominium) market. Their first EC, the 416-unit Watercolours in Pasir Ris, sold out in 6 months. That foray was followed by the 546-unit Heron Bay EC in Upper Serangoon, that launched to overwhelming response and sold over 90 percent of its units on its first weekend.

Lake Life EC by Evia Real Estate | Developer for the GEM Residences Artist’s Impression . Lake Life by Evia Real Estate . Developer for the GEM Condo

Evia Real Estate’s most recent accomplishment was the Lake Life EC in Jurong, that launched to an even more enthusiastic market. They sold 98 percent of Lake Life’s 546 units within the 1st weekend of its launch.

That broke the record for the fastest-selling condominium on the first weekend of sale for both private condominiums and ECs, since the TDSR (Total Debt Servicing Ratio) measure was implemented in June 2013.

For the GEM condo, Evia is all set to continue its track record of attractive projects, that is also generating a lot of interest.

The GEM Condo by Evia Real Estate . Regional Operations

While it is not widely known, Evia is also a property fund manager in South Korea. It has a total value of over $1.5 billion assets under its management, covering a portfolio of over 2.3 million sq ft of commercial & industrial space.

It currently oversees a mixed-use property and 3 logistics warehouses: the Suwon Ice Logistics Centre at Suwon City, the AMB Incheon DC1 Warehouse at Gyeonggi-do, the AMB Incheon Logistics’ facility at Incheon Airport Free Trade Zone, and the Apple Plaza in Bundang-gu, Gyeonggi.

The GEM Residences · Showflat Viewing · VIP Preview

Just register here if you would like to be kept updated on the GEM condo launch.

Name *
Email *
Phone *
You want to	Register for VIP Preview View showflat Request full set of floor plans Just want information to explore options
	Keep you posted on other new launches as well

	After clicking, please see below for status

Name *
Email *
Phone *
You want to	Register for VIP Preview View showflat Request full set of floor plans Just want information to explore options
	Keep you posted on other new launches as well

	After clicking, please see below for status

Name *
Email *
Phone *
You want to	Register for VIP Preview View showflat Request full set of floor plans Just want information to explore options
	Keep you posted on other new launches as well

	After clicking, please see below for status

Name *
Email *
Phone *
You want to	Request Floor Plans View showflat Register for VIP Preview Get Information
Keep you posted on new launches