Urban Redevelopment Authority

UOL-SingLand JV tops bidding for Orchard Boulevard site

It proposed a bid price of $428m.

The Urban Redevelopment Authority (URA) closed the tender for the Orchard Boulevard site with four bids led by United Venture Development, a joint venture by UOL and SingLand.

United Venture Development proposed a bid price of $428m for the 99-year leasehold property.

“This is the first residential land parcel released in the Orchard/Tanglin area since 2018. UOL and SingLand are planning to develop a high-rise luxury development of 36 storeys or more, capitalising on the panoramic views,” UOL Group Chief Executive Liam Wee Sin said.

The other three bidders were Valerian Residential ($418); Winchamp Investment ($408m), and SL Capital ($394m).

URA launched the tender on 17 October 2023.

The land parcel on Orchard Boulevard has a total site area of 7,031.4 m², with a maximum GFA of 24,610 m².

The site is slated to be developed into a residential building with commercial space on the first floor.

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!


Singapore’s new law weaves safety net for gig workers
Gig workers will be enabled to secure their retirement, benefit from improved workplace safety, and gain greater visibility within the industry.
HR & Education
Here’s how Gen Z consumer preference reshapes APAC’s marketing landscape
Gen Z consumers are observed to purchase based on pleasure and purpose, whilst being conscious of cost and convenience.