The Gem Toa Payoh Condo

The Gem Toa Payoh Condo . Fact Sheet

Name Gem Residences
Developer GEM Homes Pte Ltd
JV of Evia Real Estate, Maxdin Pte Ltd & Gamuda Berhad
Status Condominium (Foreigners eligible to purchase)
Location Corner of Toa Payoh Lorong 4 / Toa Payoh Lorong 6, Singapore
District 12
Tenure 99 years leasehold w.e.f. 21 September 2015
Site Area 12,154.6 sq m (130,832 sq ft)
Gross Floor Area 42,541.10 sq m (457,912 sq ft)
Plot Ratio 3.5
Official T.O.P. April 2020
No. of Blocks 2 (Towers A & B)
No. of Storeys 37 | 38
No. of Lifts 3 per block
Total Units 578
Car Spaces 578 car spaces + 6 spaces for handicap parking
Description Proposed condominium project comprising 1 block of 37-storey and 1 block of 38-storey residential buildings with a total of 578 apartments and 1 block of multi-storey carpark with a total of 578 car spaces, with communal / ancillary facilities.

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The Gem Toa Payoh Condo . Developer

The Gem Toa Payoh CondoArtist’s Impression :: The Gem Toa Payoh Condo

The Gem Toa Payoh condo land sale was won by a JV of Evia Real Estate Pte Ltd, Maxdin Pte Ltd and Gamuda Berhad. Their winning bid was a bare 1.1% over the 2nd highest bidder, in a tightly fought contest that drew a strong field of 14 bidders. The number of bids is considered a pretty good indication of the desirability of this location.

See this link for the report (opens in new window).

EVIA REAL ESTATE

Evia has gained quite a strong reputation in the EC (executive condominium) market in recent years, with sell out launches at Heron Bay EC in Serangoon, and especially more recently at Lake Life EC in Jurong.

This can be partly attributed to their attention to detail, and emphasis on quality, that is evident in their designs. Evia does not have many projects, but it focuses attention on what it has, and puts a lot of energy and effort to create beautiful and thoughtfully designed products.

What is not widely known, is that Evia Real Estate is also a property fund manager in South Korea. It owns a portfolio of over 2.3 million sq ft of commercial and industrial space, with assets under management of a total value of over $1.5 billion.

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The Gem Toa Payoh Condo . Consultants

Architect Surbana Jurong Private Limited
Landscape Consultant Surbana Jurong Private Limited
Main Contractor Greatearth Corporation Pte Ltd
Show Gallery ID FARM
Developer’s Solicitor Rodyk & Davidson LLP

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