URA closed the Orchard Boulevard tender at 12 noon on 29 Oct 2026 with five bids. The top bid is $181,861,924 from Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd., or $18,890.82 per square metre of gross floor area. URA says this is not an announcement of tender award and will publicise the award later.
What happened
| Rank | Tenderer (as named by URA) | Bid | $ per sq m of GFA |
|---|---|---|---|
| 1 | Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd. | $181,861,924 | $18,890.82 |
| 2 | GRC Development Pte. Ltd. | $167,850,000 | $17,435.34 |
| 3 | BBR Development Pte. Ltd., Mindarie Holding Pte. Ltd. and Quarz Capital Group Pte. Ltd. | $160,720,925 | $16,694.81 |
| 4 | Wincove Investment Pte. Ltd. | $152,388,888 | $15,829.32 |
| 5 | Macly Group Pte Ltd and four others | $139,900,000 | $14,532.05 |
- URA launched the Orchard Boulevard site for public tender on 13 Aug 2026 and closed it on 29 Oct 2026. URA listed five bids in Annex A to its notice.
- The site allows residential use. It covers 3,438.0 sq m, with a maximum permissible gross floor area of 9,627 sq m, on a 99-year lease. URA estimated about 110 homes when it launched the site.
- URA's notice says it is not an announcement of tender award. The decision comes after bid evaluation and URA will publicise it later.
- Our arithmetic, not URA's: dividing the top bid's $18,890.82 per sq m by 10.764 gives about $1,755 per sq ft of plot ratio (psf ppr). The top bid is about 8.3% above the second bid.
"Psf ppr" is the land price divided by the floor area the site is allowed to build. It is a land cost, not what a buyer pays.
What it means for buyers
Our reading: a tender close is not a result. Until URA names an award there is no land price settled, and no project name, launch date or selling price has been announced. For the earlier award, see Marina Gardens Lane. The sites still open are in our GLS tenders summary, and the launch tracker follows the projects.
Tender closing notice: URA
Frequently asked questions
How many bids did the Orchard Boulevard site get?
Five. URA's tender-closing notice of 29 Oct 2026 lists them in its Annex A. The top bid is $181,861,924 from Intrepid Investments Pte. Ltd. and TID Residential Pte. Ltd.
Has the Orchard Boulevard site been awarded?
Not as at 30 Oct 2026. URA's notice of 29 Oct 2026 says it is not an announcement of tender award, and the award will be publicised later.
What is the top bid per square foot per plot ratio?
URA gives $18,890.82 per square metre of gross floor area. Dividing by 10.764, we get about $1,755 psf ppr. That is a land cost, not the price a buyer pays.
How big is the Orchard Boulevard site?
URA's annex lists 3,438.0 sq m with a maximum gross floor area of 9,627 sq m, on a 99-year lease for residential use. URA estimated about 110 homes when it launched the site on 13 Aug 2026; a developer's final count may differ.
When could homes at Orchard Boulevard launch, and at what price?
Not announced. No government source has released a launch date or selling price for the site.