On the 21 June 2023, the government announced the Government Land Sales (GLS) Programme for the second half of 2023 (2H2023), which comprises eight Confirmed List sites and nine Reserve List sites. These sites can yield about 8,590 private residential units, 98,250 sqm gross floor area (GFA) of commercial space and 530 hotel rooms.
Of the sites announced, Orchard Boulevard was amongst the sites under the Confirmed List.
21 Feb 2024
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.
1 Feb 2024
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.
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.
LAND PARCEL AT ORCHARD BOULEVARD
ALLOWABLE DEVELOPMENT : RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY
SITE AREA : 7,031.4 m²
MAXIMUM PERMISSIBLE GFA : 24,610 m²
DATE OF LAUNCH : 17 OCTOBER 2023
DATE TENDER CLOSED : 1 FEBRUARY 2024
LEASE PERIOD : 99 YEARS
| RANKING | NAME OF TENDERER | TENDERED SALE PRICE ($) | TENDERED SALE PRICE IN $PSM OF GFA |
|---|---|---|---|
| 1 | United Venture Development (No.7) Pte. Ltd. | 428,280,980.00 | 17,402.72 |
| 2 | Valerian Residential Pte. Ltd. | 418,000,888.00 | 16,985.00 |
| 3 | Winchamp Investment Pte. Ltd. | 408,333,888.00 | 16,592.19 |
| 4 | SL Capital (8) Pte Ltd | 393,900,000.00 | 16,005.69 |
| Item | Details |
|---|---|
| Location | Orchard Boulevard |
| Planning Area | River Valley |
| Land Use | Residential (Non-Landed) |
| Est Site Area | 0.68 ha |
| Gross Plot Ratio | 3.5 |
| Est. Housing Units | 270 |
| Est Commercial Space | 500 sqm of GFA |
| Sales Agent | URA |
| Est Tender Launch Date | Oct 2023 |
| Est Public Sales | Q1 2025 |
17 Oct 2023
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.
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.
21 Jun 2023
Land supply for private housing has been further beefed up for the second half of 2023, taking the total confirmed supply for the year to its highest in a decade.
In all, the eight sites on the confirmed list of the Government Land Sales (GLS) programme announced on Wednesday will yield about 5,160 private residential units, including 560 executive condominium (EC) units, and 4,900 sq m gross floor area (GFA) of commercial space.
