Buyers looking for a home near the bustling Orchard Road will soon have one more option, as another government land sales (GLS) site in Orchard Boulevard is being tendered. It is the second GLS parcel in Orchard Boulevard to be launched for tender in about three years. With an estimated site area of 0.34 ha and a gross plot ratio of 2.8, the 99-year leasehold site could offer about 110 new homes.

The Orchard Boulevard GLS site received five bids when tender closed on 29 October 2026, with Intrepid Investments and TID Residential Pte. Ltd. placing the highest bid of about $181.9 million. This works out to a land rate of about $1,755 psf per plot ratio (ppr), which is 8.3% more than the second highest bid offered by GRC Development at $1,620 psf ppr.

The top bid land rate is also 8.5% higher than the $1,617 psf ppr paid for the first Orchard Boulevard plot (developed as UpperHouse at Orchard Boulevard) in February 2024. Developer confidence for the current Orchard Boulevard GLS site may have been supported by the strong sales at UpperHouse at Orchard Boulevard. The development has sold 250 of its 301 units (83%) as of 30 October 2026 since its launch in July 2025 at a median price of $3,332 psf, according to the latest URA Realis caveat data.

With its prime location near Orchard Road and easy access to plenty of amenities, the future development on the Orchard Boulevard plot could pique the interest of buyers and investors looking to own a luxury asset.

Well-connected to the rest of Singapore

The upcoming Orchard Boulevard project is located within walking distance from two MRT stations: Orchard Boulevard station on the Thomson-East Coast Line (TEL) and Orchard station on the TEL and North-South Line (NSL). Between them, the two MRT lines run direct to the central business district (CBD), Marina Bay, the Civic District, as well as northwards to Woodlands.

Amenities galore

Future residents will have no lack of retail amenities and entertainment options, with the Orchard Road shopping belt a short walk away. Popular with both locals and tourists alike, Orchard Road is a major lifestyle destination, with malls, hotels and event spaces lining the 2.2-km street.

For nature-lovers and joggers, the Singapore Botanic Gardens is one train stop away on the TEL. Home to thousands of plant species, the 82-ha UNESCO World Heritage Site offers city-dwellers a green retreat from city life.

Schools

Potential buyers with young children and couples planning to start a family should note that there are no local primary schools within 1km of the site. Meanwhile, those that are located 1-2km from the site include Alexandra Primary School, River Valley Primary, Anglo-Chinese School (Primary), Anglo-Chinese School (Junior), and Singapore Chinese Girls' Primary. There are also several international schools in the area, which could be of interest for expatriate families.

Enlivening Orchard Road

Exciting transformation plans are afoot for Orchard Road, and the nearby Orchard Boulevard GLS site may benefit from it. Some ongoing projects in the area include the redevelopment of Tanglin Shopping Centre and the upcoming completion of Grange House, a 3,000-capacity live music and entertainment venue in Grange Road slated to open by mid-2027. These come under the wider Orchard Road Rejuvenation Plan - first announced in 2019 and saw ongoing improvements over the years - which aims to revitalise the shopping street and enhance visitor experience. The various initiatives should add to the area's appeal as a place to live and play in.

About the Developer

Intrepid Investments

Intrepid Investments is a subsidiary firm of Hong Leong Holdings. Hong Leong Holdings was formed in 1968 as Hong Leong Group's privately held property investment and property holding vehicle. It has since established itself as a major player in the property market, making it one of the most sought-after providers of a comfortable home. The group manages a number of commercial projects and has developed over 100 residential properties to date, including a range of mid- to high-end residential projects such as Lentor Central Residences, Lentoria, Kassia, and Union Square Residences.

TID Residential

TID Residential is a long-time partnership between Hong Leong Group and Mitsui Fudosan. Hong Leong Group is a Singapore MNC while Mitsui Fudosan is a one of Japan's leading real estate companies. The partnership has successfully developed and launched several residential projects in Singapore. Among them, The St. Regis Singapore Hotel & Residences, The Oceanfront @ Sentosa and the Optima @ Tanah Merah, One North Eden, Forest Woods, The Brownstone EC.