The Orie Condo consortium offered an impressive bid of $1,360 per square foot per plot ratio, which exceeded the second-highest bid by 18%. The latter was from Tanglin Land, a subsidiary of CapitaLand, for $819.99 million or $1,153 per square foot per plot ratio. This is a noteworthy achievement as it marks the first tender for a development in Toa Payoh since the neighboring parcel was transformed into Gem Residences eight years ago. With the addition of The Orie Condo, the area is set to experience another wave of development.
Besides its impressive facilities, The Orie Condo’s location in …