Orchard Boulevard
AwardedResidential with commercial at 1st storey. URA sale site, built as Upperhouse at Orchard Boulevard.
S$428,280,980
S$17,402.72 psm GFA, about S$1,617 psf ppr (derived). Awarded 21 February 2024 to United Venture Development (No.7) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture)
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ 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., parent: UOL Group Limited / Singapore Land Group Limited (joint venture) | S$428,280,980(S$17,402.72) |
As listed at the close of 1 February 2024 (ura-pr24-04), with the outcome the award of 21 February 2024 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | United Venture Development (No.7) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture) | S$428,280,980 | S$17,402.72 | S$1,617 | Awarded |
| 2 | Valerian Residential Pte. Ltd. | S$418,000,888 | S$16,985.00 | S$1,578 | Unsuccessful |
| 3 | Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited | S$408,333,888 | S$16,592.19 | S$1,541 | Unsuccessful |
| 4 | SL Capital (8) Pte Ltd | S$393,900,000 | S$16,005.69 | S$1,487 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
21 February 2024
AwardedTender award for URA sale site at Orchard Boulevard
Awarded to
United Venture Development (No.7) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture), S$428,280,980 (S$17,402.72 psm GFA, about S$1,617 psf ppr).
Read the press releaseHide the press releaseura-pr24-07
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) has awarded the tender for the site at Orchard Boulevard to the highest tenderer, United Venture Development (No. 7) Pte. Ltd.
The site at Orchard Boulevard was launched for tender on 17 October 2023. The tender for the site closed on 1 February 2024. The site was offered for sale on a 99-year lease term.
Details of the awarded sites and the successful tenderer is provided below:
Table caption
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA (GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($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) |
1 February 2024
Tender closedTender closing for URA sale site at Orchard Boulevard
4 bids disclosed
Highest S$428,280,980 (S$17,402.72 psm GFA) from United Venture Development (No.7) Pte. Ltd., parent: UOL Group Limited / Singapore Land Group Limited (joint venture)
Read the press releaseHide the press releaseura-pr24-04
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) closed the tender for the site at Orchard Boulevard today.
The site at Orchard Boulevard was launched for public tender on 17 October 2023.
Please see Annex A for details of the site and tender bids received.
This is not an announcement of tender award. A decision on the award of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
17 October 2023
Launched for tenderURA launches tender for Residential with Commercial at 1st Storey site at Orchard Boulevard
Read the press releaseHide the press releaseura-pr23-37
This article has been migrated from an earlier version of the site and may display formatting inconsistencies.
The Urban Redevelopment Authority (URA) has released a Residential with Commercial at 1st Storey site at Orchard Boulevard for sale today under the 2nd half 2023 (2H2023) Government Land Sales (GLS) Programme.
The site at Orchard Boulevard is launched for sale under the Confirmed List and can potentially yield about 280 residential units. These form part of the 5,160 residential units to be made available via the Confirmed List of the 2H2023 GLS programme. To cater to demand, the Government has ramped up the Confirmed List supply of private housing in the GLS programme, by 26% in 2H2023 compared to the preceding half year. With the 2H2023 supply, the Confirmed List supply of around 9,250 units for the whole of 2023 will be at its highest level in a decade.
Details on the land parcel can be found in Annex 1.
Other Details The tender for the Orchard Boulevard site will close at 12 noon on 1 February 2024.
The tender closing for this site will be batched with an Executive Condominium site at Plantation Close, which will be launched in November 2023 under the Confirmed List of the 2H2023 GLS Programme.
Site facts
- Selling authority
- URA
- Allowable development
- Residential with commercial at 1st storey
- Tenure
- 99 years
- Programme list
- Confirmed List, tender closed[ura-pr24-04/pr24-04a.pdf]
- Site area
- 7,031.4 sqm[ura-pr24-04/pr24-04a.pdf]
- Maximum GFA
- 24,610 sqm[ura-pr24-04/pr24-04a.pdf]
- Estimated housing units
- 280[ura-pr24-04/pr24-04a.pdf]
- Height control
- 164m SHD[ura-pr24-04/pr24-04a.pdf]
- Facts as stated on
- 1 February 20242 versions on record: 17 October 2023, 1 February 2024. Each is kept; the one in force on the reading date is shown.
The market when bids closed
When bids closed on 1 February 2024, URA's latest quarterly figures were for 4Q2023, published 26 January 2024, 6 days earlier. The next release, 1Q2024, came on 26 April 2024. The table carries on through four releases after it.
| Private residential | 2Q2023Jul 2023 | 3Q2023Oct 2023 | On the day4Q2023Jan 2024 | 1Q2024Apr 2024 | 2Q2024Jul 2024 | 3Q2024Oct 2024 | 4Q2024Jan 2025 | Trend | Change4Q2023 to 4Q2024 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 194.4 | 196.0 | 201.5 | 204.3 | 206.1 | 204.7 | 209.4 | +3.9% | |
| Non-landed, core central region | 146.5 | 142.5 | 148.1 | 153.1 | 152.6 | 150.9 | 154.8 | +4.5% | |
| Private rental index | 163.2 | 164.5 | 161.0 | 157.9 | 156.6 | 157.9 | 157.9 | −1.9% | |
| Sales | |||||||||
| New homes sold by developers | 2,127 | 1,946 | 1,092 | 1,164 | 725 | 1,160 | 3,420 | +213.2% | |
| Resales | 2,976 | 2,900 | 2,831 | 2,689 | 3,802 | 3,860 | 3,702 | +30.8% | |
| Sub-sales | 285 | 355 | 411 | 377 | 388 | 352 | 311 | −24.3% | |
| Units launched | 2,374 | 2,805 | 1,060 | 1,304 | 634 | 1,284 | 3,425 | +223.1% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 17,484 | 16,747 | 16,929 | 19,936 | 19,940 | 19,405 | +14.6% | ||
| Pipeline with planning approval | 44,157 | 36,949 | 34,251 | 38,167 | 37,768 | 35,475 | 35,305 | +3.1% | |
| Vacancy rate | 6.3% | 8.4% | 8.1% | 6.8% | 6.1% | held | 6.6% | −1.5 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 17 October 2023
URA launches tender for Residential with Commercial at 1st Storey site at Orchard Boulevard
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 82ea8b584334c83aa51372377a336a7243a97cfba6f9aa2777480b3802d4aa3e
- Size
- 433,919 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 14:52:12 UTC
- Prevo reference
- ura-pr23-37
- AnnexPublished 17 October 2023
Annex 1 to URA launches tender for Residential with Commercial at 1st Storey site at Orchard BoulevardVersion v3
Version v3 of the annex as linked from the release page; the authoritative version. Earlier versions were not supplied and are not in the capture, so supersedes_doc_key is null.
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 07e10eac9f9ea369b80a1e86165d507c04bd796bcf90da8117cf73c18b7a8f3b
- Size
- 35,203 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 14:52:12 UTC
- Source version
- v3
- Prevo reference
- ura-pr23-37/pr23-37a_v3.pdf
- Press releasePublished 1 February 2024
Tender closing for URA sale site at Orchard Boulevard
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 6dbba35c9f2eedc272773871fc3cfe44d6c677628b81eaaa764cf8596e2581d7
- Size
- 425,131 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-04
- AnnexPublished 1 February 2024
Annex A to Tender closing for URA sale site at Orchard Boulevard
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 435d720b612d6067d9c6a0d5cc3f61c318b6c3cd381f6d860ce6b31b27250e27
- Size
- 18,438 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-04/pr24-04a.pdf
- Press releasePublished 21 February 2024
Tender award for URA sale site at Orchard Boulevard
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- c9bd991dbb4c4d72d0bc67a90b5ee9631ec06e8f31d5a0f3e343e858618cd97e
- Size
- 449,153 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 15:39:35 UTC
- Prevo reference
- ura-pr24-07