The Orie, a new condominium development in Toa Payoh, has achieved remarkable sales figures with 86% of its 777 units sold during the launch weekend. While the project's success is undeniable, the average price per square foot of $2,705 psf has raised eyebrows among market observers, especially given the location's non-prime status. This article delves into the factors driving The Orie's popularity, including its location, design features, and the influence of post-GFA harmonisation rules.
The Orie at Toa Payoh has set the tone for 2025 with its rapid sales — it moved 86 percent of its 777 units during the launch weekend. This has prompted some eye-rolling among market watchers, as it achieved a particularly high average price per square foot of $2,705 psf. However, the market has spoken: buyers are interested, and the Toa Payoh location is proving to be a massive draw. The Orie is a leasehold, 777-unit project at the junction of Lorong 1/Lorong 4 Toa Payoh .
It's jointly developed by CDL, Frasers Property and Sekisui House. The Orie is within walking distance to Caldecott MRT station (CCL, TEL), and Toa Payoh MRT station (NSL). The average selling price during the launch weekend was $2,705 psf, which is quite striking; this pricing level is typically associated with prime region luxury properties rather than an area like Toa Payoh. In terms of overall quantum, most of the smaller one-bedroom units started at $1.28 million, while three-bedroom units (850 sq ft) reached around $2.09 million. The larger four- and five-bedroom units (approximately 1,216 sq ft and 1,453 sq ft, respectively) were priced at around $2.92 million and $3.48 million. The nearby HDB enclave is well-developed, with the Toa Payoh West Market Centre located close by. One of the other major attractions is the proximity to the HDB Hub, which offers a variety of restaurants, retail outlets, banking services, and more. Another notable feature is that the property appears to be within approximately one kilometre of Raffles Institution; however, this will need to be confirmed later once it is listed on OneMap. The upcoming Toa Payoh Integrated Development may also be a lure, but this is much further down the road in 2030. The Orie sold 668 of its 777 units over the launch weekend, or about 86 percent of units. There are reasons why The Orie can command its price tag:The Orie has seen a lot of pent-up demand. The last notable project in the area was Gem Residences, which was back in 2016 (and Gem Residences can't compare in quality of layout, being older and much less efficient.) Some other projects nearby include Trevista, Trellis Towers, and Oleander Tower; but The Orie is notably newer than them. This also means that Orie has layouts which are more space-efficient, such as two and three-bedders with a dumbbell layout. This makes for a positive contrast against its 2010-era counterparts, which are more likely to have wasteful features like big air-con ledges, planter boxes, bay windows, and so forth. However, we should point out that the dumbbell layout is prominent in the smaller units. The larger units (four and five-bedders) have some long corridors, which are less efficient. That said, we've made a price comparison between The Orie and the surrounding options here. None of the older counterparts besides Trevista seem to even reach the $2,000 psf mark on account of the age gap.By the end of the launch weekend, if you looked at the sales board, you'd see that most of the units sold were two and three-bedders. Sales of the larger units, as well as the dual-key units, saw smaller numbers. As with most properties, a smaller unit tends to have a higher price per square foot, but a lower quantum (and the reverse is true for bigger units.) There are, for instance, one-bedders at The Orie that reached $3,000 psf or more. So it's in part the small sizes of units sold, which are contributing to the high average of $2,700 psf. On that note, realtors also pointed out a surprising turn here: the 850 sq ft three-bedders were highly contested. This is undoubtedly compact for a three-bedder, and it was uncertain if the buyers would accept it; many family buyers tend to look for at least 1,000 sq ft. But in reality, these compact three-bedders sold faster than the two-bedders. In fact, when one of the buyers for the three-bedders dropped out, we heard that a further 77 people balloted for it. This may be due to buyers' better understanding of post-GFA harmonisation rules. Under the new rules, unlivable spaces such as air-con ledges, strata void spaces, etc. no longer count toward the total square footage. For this reason, The Orie's three-bedders may have just as much living space as an older, pre-GFA harmonisation cond
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86% of The Orie condo units in Toa Payoh sold at launchLeasehold condominium The Orie kick-started 2025’s new launches by selling 668 units – around 86 per cent of the 777 available – over its launch weekend. Units were sold at an average price of $2,704 per square foot (psf). About 93 per cent of the buyers were...
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