Developers unveil showflats, release prices for Gem Residences

By Tan Chee Yuen / The Edge Property | May 20, 2016 9:40 AM SGT
The joint developers of Gem Residences, Gamuda Land, Evia Real Estate and Maxdin Pte Ltd, announced the pricing of the units located at Toa Payoh Lorong 5 and 6. This followed the opening of the showflats for public preview from today until Sunday.
The 99-year leasehold Gem Residences will be priced in the range of $1,279 to $1,551 psf or at an average of $1,426 psf, which is slightly lower than the initial indicative price of $1,480 psf. The VIP preview for the project will be held on May 27, with the public launch on May 28.
. Source: Gem Residences
One-bedroom units sized from 452 sq ft will be priced between $578,000 and $741,000, while two-bedroom units from 570 sq ft will be priced between $750,000 to $1.16 million. Three-bedroom units sized from 936 sq ft will cost around $1.2 million to $1.56 million. Four-bedroom units of 1,249 sq ft will be rolled out at prices from $1.66 million to $1.82 million, while five-bedroom units of 1,313 sq ft will be in the range of $1.75 million to $1.91 million.
As of May 19, about 1,500 people have registered interest in the development that will have a total of 578 units. The project is said to be located within 500m of Braddell MRT station on the North-South Line.