In a joint statement, CDL revealed that the venture will be split into equal shares of 50% for CDL, and 25% each for Frasers Property and Sekisui House. Property buyers have expressed great excitement about leading the bid for this exclusive District 12 location and embarking on their first-ever collaboration with Frasers Property and Sekisui House. The partnership has already started making plans to utilize their collective expertise in developing a remarkable project in the highly sought-after Toa Payoh area. Industry expert Leonard Tay, Knight Frank Singapore’s Head of Research, commented on the intense competition among bidders, noting a strong interest from developers in securing prime locations. Despite a lower turnout compared to previous GLS tenders in 2022, the bids for The Orie Condo remain fiercely competitive.
One of the main highlights of The Orie Condo is its prime location. Situated right in the heart of Toa Payoh, the development offers residents the convenience of being surrounded by a plethora of amenities. Within a 5-minute walk, residents can access the Toa Payoh MRT station, bus interchange, and the Toa Payoh Town Park. This makes commuting to other parts of the city a breeze.
Aside from its prime location, The Orie …