Orchard Boulevard: Boutique Luxury Homes in the Heart of the City

Summary

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.

Opening paragraphs from the PropNex propnex picks, shared by Ng Li Lian as a PropNex salesperson. Ask Li Lian for the full report.

Li Lian focuses on District 14, 15 and 16. Ask her how this affects the East Coast.