The offer of $1,360 per square foot per plot ratio (psf ppr) from the consortium notably exceeded the second-highest bid by 18%. The bid, which amounted to $819.99 million (equivalent to $1,153 psf ppr), was made by Tanglin Land, a subsidiary of CapitaLand. This is a noteworthy achievement as it marks the first Toa Payoh tender since the development of Gem Residences, a neighboring project, eight years ago. Additionally, The Orie Showflat naturally played a role in this success.
The Orie, situated in Toa Payoh, boasts an enviable location that offers easy accessibility to the rest of Singapore via multiple modes of transportation and major roads. This desirable feature makes it a highly sought-after residential address. Whether one needs to commute to the Central Business District for work, explore the cultural hubs of the city, or access local facilities, living at The Orie provides a seamless and convenient experience. It’s …