NEWS

UOL Group and Singapore Land Group awarded Orchard Boulevard GLS site

On 21 February 2024, UOL Group and Singapore Land Group (SingLand) have been awarded the prime Orchard Boulevard site by the Urban Redevelopment Authority (URA), with a top bid of $428.3 million or about $1,617 psf ppr. The 99-year leasehold land spans 7,031.4 sqm and will be developed in an 80:20 joint venture between UOL Venture Investments, a wholly owned subsidiary of UOL Group, and SingLand Residential Development, a wholly owned subsidiary of SingLand.

UOL Group Chief Executive Liam Wee Sin said: “This is the first residential land parcel released in Orchard/Tanglin area since 2018. The site has very attractive locational attributes and direct MRT connection to the Orchard Boulevard station. This Orchard Road site is also a timely addition to our luxury collection in sought-after locations such as Nassim, Meyer and Watten. UOL and SingLand are planning to develop a high-rise luxury development, of 36 storeys or more, capitalising on the panoramic views.”