The Urban Redevelopment Authority (URA) of Singapore has a thorough and careful approach in planning and overseeing the city-state’s urban landscape through its master planning framework. Specifically, the URA Master Plan for Toa Payoh, one of Singapore’s oldest and most established residential areas, lays out strategic development plans that aim to improve livability, connectivity, and sustainability within the community. For residents of The Orie Condo, these ongoing and future developments bring about numerous benefits, further enhancing the value of their investment and enriching their overall living experience.
The first Toa Payoh tender, which closed on 18 September 2018, attracted a total of eight bids from various developers. The four highest bids were within a close range, with the top bid by Orie Condo Consortium at $265 million, followed by the second highest bid at $225 million. This intense bidding war proves that Toa Payoh is still a highly sought-after location for property development despite being an established mature estate.
But what exactly is Orie Condo Consortium and who are the developers behind it? The consortium is led by well-known developer Evia Real Estate, together with its joint venture partner, Gamuda Land. With a wealth of experience in developing …