Gem Residences

Overview

Unit Info

Sales

Rental

Surrounding

More

Overview

Unit Info

Sales

Rental

Surrounding

More

Note: This project has high transaction volume. For performance reasons, a default 5-year time frame has been selected. You may change this in the Report Options above
  5
 3
 0

Sale Price *

Average
S$ 1,848 psf
Range
S$ 1,654 - 2,067 psf

Rental Price **

Average
S$ 6.3 psf pm
Range
S$ 2.4 - 10.0 psf pm

Rental Yield **

4.1%

Rental income expressed as a percentage of the property's value.

Amenities

3.1
3.1

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Gem Residences is a leasehold (99 yrs from 2015, 99 years leasehold) condominium completed in 2019. It is developed by GEM HOMES PTE LTD. The development occupies a land area of 12,155 sqm and a Gross Floor Area of 42,541 sqm. It consists of 578 units. According to records, buyers of this development are Singaporean 80.3%, PR 13.5%, Foreigner 5.6%, Company 0.6%.

GEM RESIDENCES is located along Lorong 5 Toa Payoh in Toa Payoh, in District 12. It is accessible through the nearest MRTs including Braddell NS18 and Toa Payoh NS19.

Based on transaction data in the last 12 months, sale prices range from S$ 1,654 psf to S$ 2,067 psf at an average of S$ 1,848 psf. Its highest recorded transaction was S$ 2,067 psf in Mar 2023 for a 1,055-sqft unit. Its lowest recorded transaction was S$ 1,262 psf in May 2016 for a 452-sqft unit. Its current rental yield is at 4.1%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, LIN POH LING, SHENG SIONG SUPERMARKET PTE LTD, and 1 Shopping Mall: COURTS TOA PAYOH.

Buyers and tenants are attracted to District 12, which is comprised of Serangoon, Toa Payoh and Balestier, a combination of areas that has historically quaint townships. Toa Payoh New Town, built by the Housing Development Board (HDB), represents Singapore’s second satellite city after Queenstown. Serangoon is well-served by two MRT lines, including the Circle Line station completed in 2010. Serangoon is also home to Nex, one of the largest shopping malls in the North-East Region of Singapore. Nex is integrated with a bus interchange, and houses a cinema and a public library. As one of Singapore's oldest housing estates, Toa Payoh has benefitted from the government's rejuvenation efforts. It has evolved into a vibrant neighbourhood centreed around HDB Hub, which has both shopping and dining facilities, as well as an air-conditioned bus interchange. Other amenities are Toa Payoh Stadium, Toa Payoh Sports Hall and Toa Payoh Swimming Complex. The Toa Payoh Stadium can sit 3,500 people, and has hosted S.League club games.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
Live Here? Tell us more
Write a review
5
"Newest development in Toa Payoh Full condo facilities Near amenities and schools Bus stops and mrt nearby Very good development "
D* D*
Others     |   18 Mar 2023
5
"High potential project Likely new development (either at the police school site or other Toa Payoh site) will likely pull up price. Given RCR new launch is now 2600 psf, gem, the newest development in Toa Payoh now will likely see prices 2xxx psf"
D* D*
Others     |   18 Mar 2023
3.6
"Wah lao, this property damn siao eh, like so out of place and also damn hard to go from MRT. Can die man, like need to climb mountain or swim across river to get there."
R***
Viewer     |   08 Mar 2023
4.8
" Wet central and accessible, Newest in Toa payoh"
X
Others     |   30 Jan 2023
1
" Very out of place and inaccessible Many equally new and better development right next to MRT and amenities "
X
Viewer     |   26 Jan 2023
5
"The newest condo in Toa Payoh/ Bishan The others around Toa Payoh are just so so Old. Good facilities and nice pools. Rooftop views very spectacular. Near mrt and amenities all around."
S**x@hotmail.com
Viewer     |   30 Oct 2022
5
"6mins walk from Braddell MRT. Loving the pool and chilling along it at night"
C*********
Google Review     |   12 Jun 2022
1
"I think this Condo attitude towards Management Office is very poor I regret moving in this condo just coz Im new moving here I I dont understand this Condos regulations. Ill ask them the office girl gave me a very bad attitude "
A** G***
Google Review     |   18 Dec 2021
5
"Very nice and windy residence.. a good place to stay in"
E***** M******
Google Review     |   15 Dec 2021
1
"Arrogant security guards.too many security measures makes it cumbersome to enter and exit. Besides that the units are way too small for the exorbitant price this condo units command in the open market. It's a 10 min walk to braddell mrt. There are better condos out there for this price for sure. Be smart and make an informed decision."
S**** J****
Google Review     |   12 Sep 2021
4
"Nice place. Able to see the big blue sky and the 3 National Day Fireworks :)"
D****** Y***
Google Review     |   02 Sep 2021
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

TransportTransport
SchoolSchool
Eat & ShopEat & Shop
OthersOthers
Floor Plans
1
1
1

GEM RESIDENCES - 1 - 1 - 1

Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of GEM RESIDENCES (Limited to 10)

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Date
Area(sqft)
Bedrooms
Price(S$ psf)
Price (S$)
Type of Sale
Address
Type of Area
Purchaser Address
Source

Asking Price of GEM RESIDENCES

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of GEM RESIDENCES

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

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thumb-images
10
$2,350,000

    • 4 beds
    • 3 baths
    • Condominium
    • D12
    • 2019
    • 99 years
    • S$ 1,880 psf
    • Lorong 5 Toa Payoh
    Debra Teoh
    send_enquiry
    thumb-images
    10
    $1,150,000

      • 2 beds
      • 1 bath
      • Condominium
      • D12
      • 2019
      • 99 years
      • S$ 2,020 psf
      • Lorong 5 Toa Payoh
      Wei Qiong
      send_enquiry
      thumb-images
      8
      $937,999

        • 1 bed
        • 1 bath
        • Condominium
        • D12
        • 2019
        • 99 years
        • S$ 1,940 psf
        • Lorong 5 Toa Payoh
        RAVI KUMAR NEERUDU
        send_enquiry
        thumb-images
        9
        $1,388,888

          • 2 beds
          • 2 baths
          • Condominium
          • D12
          • 99 years
          • S$ 2,050 psf
          • Lorong 5 Toa Payoh
          Alex Lee
          send_enquiry
          thumb-images
          10
          $1,160,000

            • 2 beds
            • 1 bath
            • Condominium
            • D12
            • 2019
            • 99 years
            • S$ 1,960 psf
            • Lorong 5 Toa Payoh
            Benedict Lim Kim Heng
            send_enquiry
            thumb-images
            10
            $888,000

              • 1 bed
              • 1 bath
              • Condominium
              • D12
              • 2019
              • 99 years
              • S$ 1,970 psf
              • Lorong 5 Toa Payoh
              Eric Goh
              send_enquiry
              thumb-images
              14
              $1,499,999

                • 2 beds
                • 2 baths
                • Condominium
                • D12
                • 99 years
                • S$ 2,210 psf
                • Lorong 5 Toa Payoh
                VERONICA LEE
                send_enquiry
                thumb-images
                10
                $1,100,000

                  • 2 beds
                  • 1 bath
                  • Condominium
                  • D12
                  • 2019
                  • 99 years
                  • S$ 1,930 psf
                  • Lorong 5 Toa Payoh
                  Dennis Mah
                  send_enquiry
                  thumb-images
                  10
                  $988,000

                    • 1 bed
                    • 1 bath
                    • Condominium
                    • D12
                    • 2019
                    • 99 years
                    • S$ 2,040 psf
                    • Lorong 5 Toa Payoh
                    Jeremy Liew
                    send_enquiry
                    thumb-images
                    10
                    $1,950,000

                      • 3 beds
                      • 3 baths
                      • Condominium
                      • D12
                      • 2019
                      • 99 years
                      • S$ 1,990 psf
                      • Lorong 5 Toa Payoh
                      Clinton Yew
                      send_enquiry

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                      FAQs about GEM RESIDENCES

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