The latest tender by Evia Real Estate at Toa Payoh Lorong 4 development shows that The Gems Condo at the junction of Toa Payoh Lorong 4 and Toa Payoh Lorong 6 is highly anticipated as there is no new condo at the area for a long time and buyers are looking for a unit in the mature Toa Payoh town area where there are plenty of amenities as well as shophouses available at the disposal of the residents of The Gems Condo.
Toa Payoh Lorong 4 Condo
It is noted that being a mature town, there are many commercial facilities such as hawker centres as well as food centres in Toa Payoh Lorong 4. There are also plenty of mama shops and other small convenience stores scattered around Toa Payoh Town and Toa Payoh Lorong 4. In fact, right across Toa Payoh Lorong 4 which is just a short distance from The Gems Condo, there is a convenience store as well as a coffee shop at the resident’s disposal.
Toa Payoh Lorong 6 The Gems
The demand for land from the developers is reflected in this land parcel located at Toa Payoh Lorong 4 Toa Payoh Lorong 6 as there are a total of 18 bids for The Gems at Toa Payoh. The narrow difference as well as the number of bids shows that Toa Payoh Town as well as Braddell is in demand and that buyers are optimistic about the location of the land. Recently, there has been calls to reduce the buyer’s stamp duty on private properties in Singapore and hence Gems at Toa Payoh and Lorong 6 could be in demand in anticipation that the government will reduce stamp duties for foreigners thereby bringing up the prices of Toa Payoh.