The Orie at Toa Payoh has set the tone for 2025 due to its rapid sales — it moved 86 per cent 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,...
January 25, 2025 5:30 AMThe Orie at Toa Payoh has set the tone for 2025 due to its rapid sales — it moved 86 per cent of its 777 units during the launch weekend.
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. The upcoming Toa Payoh Integrated Development may also be a lure, but this is much further down the road in 2030.
That said, the real issue in 2025 is that comparing properties based on psf alone no longer provides a meaningful picture, given the evolving priorities of buyers and GFA harmonisation changes. Nonetheless, 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
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.
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. There's also an expectation that 3-room flats in Caldecott could even reach $1 million, while 5-room flats here could reach $1.5 million and above, mirroring what has happened over at the Dawson area.
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