Gem Residences is a residential development in District 12â€™s Toa Payoh. It is a 15 to 20 minutesâ€™ walk to its nearest MRT station â€“ Braddell on the North South Line, though the development is surrounded by a number of eateries. A number of arterial roads in the vicinity mean getting away by car is a fairly easy task. Gem Residences 578 units are made up of a good split of different configurations, and include dual key and triple key options. By far the biggest thing going for Gem Residences however is the hotel type concept that it has. The concierge will arrange food orders from a provided menu â€“ delivered to your door, the same service is also available for groceries. Fully trained medical staff are on site, and the development also provides such activities as fitness classes while there is a pet pool for dogs.Gem Residences is the first residential development by Venture capitalists Evia Capital Partners Pte Ltd. founded in 2004.
Gem Residences â€“ Unique Selling Points
While the location may be uninspiring, Gem Residences in itself is a unique development, and one that makes light of its immediate surroundings. Somewhere in the grey area between a hotel and a condominium, Gem Residences offers an array of features and services that would be impressive in an extremely high end development. These include the ability for residents to order from food menus from their concierge that are then delivered to their homes. The concierge also offers a service for grocery shopping. Gem Residences also provides housekeeping, pet pools and fitness classes. Fully trained medical staff are also on site.
Gem Residences â€“ Accessibility
Gem Residences is close to a wide variety of local eateries, and there are also places for grocery shopping. The concierge services available onsite however may well make those choices redundant. With regards to the MRT, Gem Residences is not quite as convenient, located where it is in between Braddell and Toa Payoh stations. Neither are particularly close, Braddell is slightly nearer to the development but it is still a 15 to 20 minute walk. Once on the train things improve. They are both on the North South Line, with Newton two stops away, and Orchard and City hall a few further on.
Gem Residences - Amenities & Attractions
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Gem Residences - Project information
Gem Residences is a residential development in a somewhat nondescript neighbourhood in Toa Payoh. Its 578 units are split between two 38 storey blocks, and are made up of 1, 2, 3, 4 and 5 bedders, as well as two penthouse units. The 2 bed units come with a dual key option, the 3 bed ones with a triple key option. One thing that sets Gem Residences apart from other developments, particularly at this price, is the amount of features and services that come with it. Residents can almost be forgiven for thinking they are living in a hotel. These services include housekeeping, pet pools, fitness classes and medical staff all on site, as well as residents being able to order food and groceries through their concierge.
Gem Residences - Historical Data
During its launch in May 2016 Gem Residences saw 300 caveated transactions. Of those sales, 252 units went for less than $1M with 47 going for between $1M and $1.5M. One of the two penthouses available was sold for $2.2M.Regarding the median prices for those sales, 1 bed units were at $1,446 psf. The three bed units saw median prices of $1,427 psf, $1423 psf and $1396 psf for the standard, premier and triple key units respectively. The median psf for the penthouse was $1,394.