The Urban Redevelopment Authority (URA) closed the public tender for the land parcel at Orchard Boulevard on 29 October 2026. The site had been launched on 13 August 2026. Annex A to URA's media release lists a 99-year leasehold residential parcel of 3,438.0 square metres with a maximum permissible gross floor area of 9,627 square metres. URA states that the release is not an announcement of tender award and that a decision will be publicised after the bids are evaluated.

Five tenderers appear in the annex, ranked by tendered sale price. The top bid, from Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd., is S$181,861,924, equal to S$18,890.82 per square metre of gross floor area on URA's table. Dividing that per-square-metre figure by 10.7639 converts it to about S$1,755 per square foot per plot ratio, the unit Singapore land tenders are usually quoted in. The second bid, from GRC Development Pte. Ltd., is S$167,850,000, or S$17,435.34 per square metre of GFA. The fifth bid is S$139,900,000, or S$14,532.05 per square metre.

Business Times reports that Intrepid Investments is a Hong Leong Holdings unit, that the site sits in District 10 and can yield about 110 private homes, and that the top bid was 8.3% above the second offer. Those colour points are attributed to Business Times. The bid amounts and the per-square-metre column above come from URA Annex A. Until URA publishes an award, the top figure is a tender marker for residential land in that corridor, not a completed land sale price.

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Sources

Sources read 30 October 2026.