GEM RESIDENCES
LORONG 5 TOA PAYOH · District 12 · 99 yrs lease commencing from 2015
Median Price
S$1.4M
Price Range
S$795K - S$3.0M
Tenure
Leasehold
Avg Rent
S$6.02 psf
What is the price of GEM RESIDENCES?
The median transaction price at GEM RESIDENCES is S$1,388,000, based on 189 URA-recorded transactions. Prices range from S$795K to S$3.0M. GEM RESIDENCES is a leasehold development on LORONG 5 TOA PAYOH in District 12 (Balestier/Toa Payoh). High-floor units cost 32% more than low-floor units. Average rent is S$6.02 per square foot per month.
GEM RESIDENCES Price Analysis
GEM RESIDENCES is a leasehold development on LORONG 5 TOA PAYOH in District 12 (Balestier/Toa Payoh). According to URA transaction records, 189 private residential transactions have been recorded at this development, with a median price of S$1,388,000. Prices range from S$795K for the smallest units to S$3.0M for premium configurations.
The development offers units across 5 size categories. The most traded segment is studio (<50 sqm) at a median of S$853,500. Larger units (4-bed (130-170 sqm)) trade at S$2,988,888, reflecting the premium for additional space.
Floor level significantly impacts pricing at GEM RESIDENCES. High-floor units (11-15) command a median of S$1,688,000, while low-floor units (21-25) sell for S$1,282,000. That is a 32% premium for higher floors, worth S$406K in absolute terms. Buyers with flexibility on floor preference can save significantly by choosing mid-range levels.
On the rental side, GEM RESIDENCES commands an average of S$6.02 per square foot per month. At the median purchase price, this implies a gross rental yield of approximately 4.5%.
Price Trend
Median transaction price by contract month.
Source: URA Private Residential Property Transactions
Price by Floor Level
Price by Unit Size
| Size Band | Median Price | Avg Size | Transactions |
|---|---|---|---|
| Studio (<50 sqm) | S$854K | 44 sqm | 32 |
| 1-Bed (50-70 sqm) | S$1.1M | 58 sqm | 67 |
| 2-Bed (70-100 sqm) | S$1.7M | 88 sqm | 79 |
| 3-Bed (100-130 sqm) | S$2.4M | 119 sqm | 28 |
| 4-Bed (130-170 sqm) | S$3.0M | 152 sqm | 1 |
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What is the average price of GEM RESIDENCES?
The median transaction price at GEM RESIDENCES is S$1,388,000, based on 189 URA-recorded transactions. Prices range from S$795K to S$3.0M.
Does floor level affect prices at GEM RESIDENCES?
Yes. High-floor units (11-15) sell for a median of S$1,688,000, while low-floor units (21-25) sell for S$1,282,000. That is a 32% premium for higher floors.
What is the rental rate at GEM RESIDENCES?
The average rental rate at GEM RESIDENCES is approximately S$6.02 per square foot per month, based on URA median rental data.
Source: URA Private Residential Property Transactions. Analysis by FairComparisons.