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On 21 February 2024, UOL was 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 has a total site area of 7031.5 sqm, and will be developed in an 80:20 joint venture with subsidiary SingLand.

Four bidders vied for the state land tender, with UOL placing a bid just 2.5% higher than the second-highest bid of $1,578 psf ppr.

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.”