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Gem Residences: Contemporary Multi-Gen Family Home in District 12

Ohmyhome

Ohmyhome

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Imagine having the best of both worlds; living in the home of your dreams and at the same time being in the neighbourhood you love. Well, it’s possible at Gem Residences! Located in Toa Payoh, this condominium encompasses everything a family home should be – facilities that help create unforgettable memories to cherish forever. It’s about catching that sunset with your loved ones while Sky Dining and watching your children laughing and playing with your beloved dog at the Pet Pool.

It comes as no surprise that around 50% of its units were sold in a day, ahead of its public launch. Based on a sample of 1,000 expressions-of-interest tracked by the developers, 73% of them are existing HDB homeowners. The majority are keen on the one-, two- or three-room apartments. Close to 60% of units are one and two bedders, from 452sqft to 775sqft. Let’s dive in deeper as to why you should invest in Gem Residences.

Here’s Why Gem Residences Is the Perfect Multi-Gen Family Home:

1. Specifications

Project Name Tenure Expected TOP Unit Type (up to) Size in sqft (up to) Average Price PSF (up to)
Gem Residences 99-year leasehold December 2020 1-bedder
2-bedder
3-bedder
4-bedder
5-bedder
484
775
1055
1249
1313
$1,480

Gem Residences’ units range from one to five bedrooms. Whether you’re a bachelor, newlywed, mature couple, cosy family of three or a multi-generational family, there’s definitely a unit that will perfectly suit your needs.

2. Monthly Rental Price

Assuming you’re planning to invest in this property and rent it out later, we ought to gauge Gem Residences’ monthly rental by exploring the neighbouring condominiums.

A three-bedder in Trevista and Vista Residences can go up to $4,555 and $5,000 respectively. This is good news for future landlords, considering the upcoming developments within close proximity mentioned in URA’s 2019 Draft Master Plan like new commercial, recreational and community facilities alongside improved connectivity with new MRT lines, cycling paths and park connectors – giving you confidence that your property will keep its value well.

3. Perks for Own Stay

Gem Residences has facilities and services designed for you and your family. There’s a concierge service where you can engage in services for laundry, housekeeping, event planning, premium shopping goods, live events booking, on-demand furniture mover, car rental, taxi and limo booking, hotel and airline service, dining and restaurant reservations, food delivery, on-demand private chef, grocery shopping and delivery and much more. There’s even a licensed clinic right at condominium for your regular health assessments and medical consultations!

Facilities found at the property are just as impressive. We can safely put forth that Gem Residences is every host’s fantasy. There are eight outdoor cooking facilities which come fully equipped with taps and sinks – you only need to make two decisions; location to set the vibe (going for the rooftop view, poolside facilities or lush greenery?) and cuisine (what are your tastebuds craving for? Japanese teppanyaki, Australian-style grill or a good old-fashioned BBQ?).

Aside from that, there’s a 50m lap pool (free swimming and aqua zumba lessons!), kid’s water play and pool area, salt water jacuzzi rooftop sports bar, electrical car charging point, bicycle parking and maintenance bay, sheltered pavilions (for yoga and dance lessons), gymnasium, tennis court, urban farming and edible garden, clubhouse (baking classes available!), parcel locker system and the list goes on. Oh, there’s even designated areas for your pets – let them roam and run freely at the Pet Pool and Pet Run!

Blown away yet? You must be curious about what your home would be like at Gem Residences. Each unit comes with full-height windows, high ceiling in most bedrooms and living/dining areas. Equipped with nothing but the best flooring and fittings – resilient vinyl flooring, SMEG fridge, oven, washer and dryers, kitchen tap with pull-out spray and handheld bidet spray.

4. Transportation and Accessibility

When it comes to the topic of how strategically located this property is, there’s hardly any convincing to do. Gem Residences is a 15 to 20 minutes’ walk to Braddell MRT Station, that’s one station away from Bishan (where the Circle Line is) and four stations away from Orchard MRT Station. With the upcoming Thomson East-Coast Line (TEL) where Caldecott Station will become an interchange, it would take 20 minutes to reach Shenton Way.

The condominium is also connected by three major expressways – North-South Expressway (14 minutes to Shenton Way), Pan Island Expressway (18 minutes to Changi Airport) and Central Expressway (20 minutes to Shenton Way).

5. Amenities and Healthcare

You can find an array of amenities within Gem’s Residences vicinity. Get to these places via car in less than 10 minutes – HDB Hub’s NTUC Fairprice (four-minute drive), Balestier Hill Shopping Centre (seven-minute drive), Serangoon Central’s Cold Storage (seven-minute drive), Shaw Plaza (nine-minute drive). Recreational areas are right in your backyard too like SAFRA Toa Payoh (four-minute drive), MacRitchie Reservoir (seven-minute drive) and Bishan Park (seven-minute drive).

You don’t need to look any further for tasty local favourites because a good number of Singapore’s top hawkers are within walking distance from the condominium – some only a few metres apart. These stalls have drawn people from all over the island and even overseas for famous dishes such as carrot cake, chicken rice, hokkien mee and laksa. Of course your meal wouldn’t be complete if it’s not finished off with nostalgic dessert such as ice kacang and hot cheng teng.

On the other hand, you can also find popular cafes namely The Daily Press (where you can get your gourmet coffee fix), JQ Chef Cafe (for comforting and hearty meals), Creamier (where handcrafted ice-cream is served) and many others (Frozen By A Thousand Blessings, Niche Savoureuse, Little Prince Cafe, Fix, Cafe, Shrove Tuesday, The Dream Cafe, etc.) where it’s always full house on the weekends.

Besides feasting on the scrumptious stuff, you can also fit in some time for exercise at the great outdoors like Toa Payoh Town Park, Toa Payoh Sensory Park, Bishan Harmony Park, Macritchie Reservoir and Bishan-Ang Mo Kio Park. Alternatively, you can take a trip down memory lane at Toa Payoh Sports Centre, home for many national sports players. This landmark has also hosted many historic sporting events, one of them being the 1973 Southeast Asian Peninsular (SEAP) Games (now known as SEA Games). You can have a friendly badminton match over there too!

If you have a medical emergency that requires immediate attention, fret not. Good clinics and hospitals such as NHGP Toa Payoh Polyclinic, Mount Alvernia Hospital, Mount Elizabeth Hospital and Thomson Medical Centre are less than 15 minutes away by car.

6. Education

Sometimes we tend to stress unnecessarily over our children’s education matters. At Gem Residences, you can rest easy knowing there’s a number of schools within close proximity. There are educational institutions such as First Toa Payoh Primary School, Catholic High School, CHIJ Secondary School, Raffles Institution, Curtin Singapore and Global Indian International School.

7. Future Developments within and near District 12

According to Urban Redevelopment Authority (URA), there will be:

  • New MRT stations – Bright Hill Station, a future interchange station for the new Thomson East-Coast Line (TEL) and Cross Island Line (CRL) will be open in 2020 and 2029 respectively.
  • Enhanced inter and intra town connectivity – by 2022, there will be a seamless walking and cycling route from Bishan and other towns along the Kallang River to the city centres. There will be an upgraded underpass below Central Expressway and a new cycling bridge across Braddell Road and Pan Island Expressway.
  • Opening of Toa Payoh Town Centre, a one-stop convenience – look forward to a vibrant sports and community hub. Nearby, Toa Payoh Town Park will have new sports and community facilities.
  • New employment node – Bishan Sub-regional Centre (SRC) will be integrated with community facilities and workers.
  • New and upgraded community clubs – recently upgraded Bishan Community Club and upcoming ones such as Thomson Community Club, Bishan North Community Club (co-located with Eunoia Junior College) and Toa Payoh West Community Club (co-located with a new NKF dialysis centre) will comprise new facilities to better serve the public.
  • New healthcare institutions – there will be new nursing homes at Potong Pasir Ave 1 (co-located with a senior care centre) and Venus Drive. The closest hospital to Gem Residences, Mount Alvernia Hospital, will have a new wing for family-centric healthcare services (slated for completion in 2021).

Gem Residences makes a perfect home for anyone; whether you’re a working professional, a family of five or a retiree. It’s about living your best life every day in a place that makes you feel at ease, in a mature housing estate filled with nostalgic charm. Many factors have been laid out above on why it’s a desirable property that’s worth every penny. Are you impressed by this development? Can’t wait to make it yours? We’re ready to make that happen for you.

Talk to our real estate consultants and get VIP agent service. Call 6886 9009 now!


Best Mortgage Rate Across All Banks for Gem Residences

Talk to our mortgage brokers with over 30 years of experience and get the lowest mortgage rate at 1.95%. Our home loan specialists will assist you with everything you need to know from Total Debt Servicing Ratio (TDSR), Loan to Value (LTV) Limits and Legal Conveyancing.

Buyer’s Stamp Duty for Gem Residences

Buyer’s Stamp Duty (BSD) is tax paid on documents signed when you buy or acquire property located in Singapore.

If you opt to buy a three-bedroom unit at Gem Residences the price is at $1,560,000 which is reflective of the market value, your Buyer’s Stamp Duty (BSD) is $47,000.

Market Value of the Property BSD Rate Calculation
On the first $180k 1% $1,800
On the second $180k 2% $3,600
Next $640,000 3% $19,200
Remaining $560,000 4% $22,400
BSD Payable $47,000

Source: IRAS

Looking at another unit size? Use Ohmyhome’s In-app BSD calculator for faster calculation! Download Ohmyhome from the Play Store or App Store now!

Additional Buyer’s Stamp Duty for Gem Residences

Liable property buyers in Singapore are required to pay Additional Buyer’s Stamp Duty (ABSD) on top of the existing BSD. ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).

Who is liable to pay ABSD:

  • Singapore Citizen (SC) buying second, third and subsequent residential property
  • Singapore Permanent Resident (SPR) buying first, second and subsequent residential property
  • Foreigners or entities buying any residential property

ABSD for Singapore Citizens when Buying Gem Residences

Here’s the ABSD amount you are required to pay if you are an SC:

Property Ownership ABSD Rate ABSD Amount from Price $1,560,000
If Gem Residences is your second residential property 12% $187,200
If Gem Residences is your third or subsequent residential property 15% $234,000

ABSD for Singapore Permanent Resident when Buying Gem Residences

Here’s the ABSD amount you are required to pay if you are an SPR:

Property Ownership ABSD Rate ABSD Amount from Price $1,560,000
If Gem Residences is your first property 5% $78,000
If Gem Residences is your second or subsequent residential property 15% $234,000

ABSD for Foreigners when Buying Gem Residences

Here’s the ABSD amount you are required to pay if you are a foreigner:

Property Ownership ABSD Rate ABSD Amount from Price $1,560,000
Foreigners buying any property 20% $312,000

Agent Service for Home Buyers at $0 Agent Fee

Our real estate consultants will provide you insights about this new launch project and assist you with everything you need to know from Buyer’s Stamp Duty, Additional Buyer’s Stamp Duty, exercising the OTP to sealing the deal.

You can buy your new home with Ohmyhome’s VIP agent service at $0 agent fees!

Call 6886 9009 now!

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