The Orie

The Orie: Condo of Dreams or a Property Mirage?

Find out why The Orie condo is making waves in Singapore's real estate market!

Singapore’s property market is off to a flying start for 2025 with the launch of The Orie condo in Toa Payoh. Now, here’s what’s buzzworthy: a whopping 668 out of 777 units were sold during the launch, which amounts to a jaw-dropping 86%! Forget about long queues and bidding wars – homebuyers swiftly snapped up these units at an average selling price of S$2,704 per square foot. The enthusiasm is infectious, with predominantly Singaporean buyers, making up 93% of the market amidst a few locals with a permanent resident (PR) status and 1 adventurous US citizen.

But why the frenzy? Industry experts like Yip and PropNex CEO Ismail Gafoor shed light on this phenomenon. Many buyers found The Orie well-priced, nestled in the matured estate of Toa Payoh, which blends the charm of vintage Singapore with the vibrancy of modern living. Its strategic location, alongside a strong community vibe, has clearly tugged at the heartstrings of homebuyers looking for both investment and lifestyle opportunities.

Amidst this successful launch is news of property mogul Kwek Leng Beng, associated with City Developments Limited (CDL), leading the charge with the launch. The collaboration of CDL and its consortium partners has created a sensational spotlight, showcasing their stellar sales figures in the competitive Singapore real estate landscape. It’s evident that momentum is building, and with the enthusiasm from the public and investors, we expect 2025 to be a truly remarkable year for property in Singapore.

Not to forget, apart from The Orie setting the bar high, the real estate scene in Singapore is constantly evolving. Did you know? Singapore’s property market continues to gain attention and investment interest, making it one of the most resilient and sought-after markets in Asia. Historically, even amidst economic fluctuations, there's an unwavering confidence in Singapore’s real estate, often viewed as a safe investment. As The Orie begins its journey this year, we can only expect more exciting developments and trends to unfold in the ever-dynamic Singapore property arena.