Upper House At Orchard Boulevard
On 21 February 2024, a prestigious residential land parcel at Orchard Boulevard was successfully awarded to a joint venture between UOL Group Limited and Singapore Land Group Limited (SingLand). The tender, launched by the Urban Redevelopment Authority (URA), attracted significant interest from top-tier developers given the site’s rare location and exceptional potential.
UOL Group and SingLand emerged as the top bidders, submitting a compelling offer of $428.3 million, translating to approximately $1,617 per square foot per plot ratio (psf ppr). The successful bid reflects the consortium’s confidence in the continued demand for high-end residential properties within Singapore’s coveted District 10 and the long-term appeal of the Orchard/Tanglin enclave.
Spanning 7,031.4 square metres (approximately 75,687 square feet), the 99-year leasehold site is zoned for Residential with Commercial at 1st Storey use under the URA’s Master Plan. With a maximum permissible gross floor area (GFA) of 24,611 square metres, the site is poised to accommodate a luxurious high-rise residential development. Plans for the site include approximately 301 elegant homes and 400 square metres of commercial space, offering residents a blend of exclusivity and urban convenience.
The development will be undertaken by an 80:20 joint venture between UOL Venture Investments Pte. Ltd., a wholly owned subsidiary of UOL Group, and SingLand Residential Development Pte. Ltd., a wholly owned subsidiary of Singapore Land Group. The partnership continues the longstanding collaboration between the two developers, known for delivering award-winning residential and commercial projects across Singapore.
The Orchard Boulevard GLS site represents the first residential land release in the Orchard/Tanglin precinct since 2018, highlighting its rarity and strategic significance. Notably, the site enjoys direct access to Orchard Boulevard MRT Station (TE13) on the Thomson-East Coast Line, enhancing its connectivity to key city nodes including Marina Bay, Shenton Way, and the Greater Southern Waterfront.
This upcoming development, Upperhouse at Orchard Boulevard, is expected to become a premier residential address in the heart of Orchard Road, contributing to the district’s evolution as a world-class lifestyle and residential destination.
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