Toivo Homes

Pre-marketing is the stage where we present Gemma's first draft images, preliminary prices, and floor plans before the official construction begins. At this stage, you can make a preliminary reservation for an apartment. This means we reserve a specific home just for you, and no one else can snatch it while you take your time to consider your decision. The reservation is not yet a binding purchase, and you can cancel it at no cost if you wish.

When the property moves to the sales phase, all official RS documents (such as the final articles of association, construction contracts, and financial plans) inspected by the authorities are ready. At this point, preliminary reservations are turned into binding apartment purchases and we sign the purchase agreements. Upon closing, you pay the first installment of the apartment price, and you officially become the owner of your new Gemma home.

In pricing a new development, three terms are used, which are easiest to understand as follows:
Housing company loan: A long-term bank loan taken out by Toivo Homes for the housing company, divided among each apartment according to square meters.
Sales price: The portion of the apartment price that you pay directly to us during construction.
Debt-free price: The total price of the apartment. It is formed by adding the sales price and the housing company loan portion together (Debt-free price = Sales price + Housing company loan). If you wish, you can pay off the housing company loan portion at the time of moving in, after which you only pay the regular maintenance fee monthly.

The type of plot directly affects your monthly housing costs:
Own plot: The housing company owns the land, and no separate rent is paid for the plot.

Rental plot: The plot is owned by an external party, and the housing company pays a fixed monthly rent for it, which never converts to ownership. Gemma's plot is owned by the City of Helsinki, which leases it to the housing company under a long-term ground lease agreement. The ground rent is divided among the apartment shares and collected monthly as a ground rent maintenance fee from the shareholders. The amount of ground rent fee for each apartment can be found in the apartment details or brochure.

Optional rental plot: You can buy out your apartment's share of the plot at the time of moving in (or once a year thereafter), freeing you from paying the monthly ground rent. If you prefer to keep the acquisition cost lower, you can leave the plot unredeemed and pay the monthly fee for it.

Indeed you can, and at Gemma we have made it very easy for you. We have pre-designed high-quality and modern interior styles from which you can choose the ensemble that best suits your taste (for example, a warm combination of sand tones and light oak). When you buy the apartment during the early sales phase, you can make your selections at no extra cost. Later, as construction progresses, the choices become locked as material orders need to be placed for the site.

Building a premium apartment building of Gemma's size typically takes about 1.5–2 years from the moment the shovel hits the ground. You can find the current schedule estimate and moving year directly on this page's process diagram. We keep you updated on the progress of construction with regular site newsletters and photos throughout the journey.

Since this is a brand new, still under construction development, before and at the start of the sales phase, viewing takes place via precise 3D models, floor plans, and material samples. When construction reaches a safe stage, we will arrange separate site visits for future residents. At that point, you can walk through your future living room and admire the sea view from the large windows even before moving day.

The sales price of a new apartment is not paid all at once; it is divided into several installments (usually 4–5 installments) according to the progress of construction. The first installment is paid immediately upon closing, and the final installment only just before moving in, when the apartment has been completed and inspected. The installments are always secured by statutory RS guarantees, making the purchase safe.