Gem Residences

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 80.2%, PR 13.6%, 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$ 2,059 psf at an average of S$ 1,856 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.