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The Urban Redevelopment Authority (URA) has awarded the tender for the site at Orchard Boulevard to the highest tenderer, United Venture Development (No. 7) Pte. Ltd.
The site at Orchard Boulevard was launched for tender on 17 October 2023. The tender for the site closed on 1 February 2024. The site was offered for sale on a 99-year lease term.
Details of the awarded sites and the successful tenderer is provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Orchard Boulevard | Residential with Commercial at 1st Storey | 7,031.4 m2 | 24,610 m2 | United Venture Development (No.7) Pte. Ltd. | $428,280,980.00 ($17,402.72) |