UOL Group and SingLand Join Forces to Develop Luxurious Upperhouse at Orchard Boulevard GLS Site
Situated in the highly coveted location of Orchard Boulevard, Upperhouse is not only known for its close proximity to schools, but also for its abundance of resources that enhance learning and education. Families with school-going children will find this development to be the perfect choice, as it offers a prime location coupled with a conducive environment for education.
With a strong emphasis on inclusivity and sustainability, the URA Master Plan plays a crucial role in enhancing the well-being of residents. By prioritizing the development of environmentally-friendly and socially-responsible neighborhoods, the plan not only benefits current residents but also preserves the well-being of future generations. Through thoughtful urban planning and consideration for the needs of all stakeholders, the URA Master Plan sets a high standard for creating livable cities and serves as a model for other urban communities to follow. Moreover, with its strict adherence to green practices and preservation of natural resources, the URA Master Plan not only ensures the protection of the environment but also paves the way for a greener and healthier future for all. It is a testament to the commitment of the URA to create sustainable, inclusive, and thriving neighborhoods that truly prioritize the well-being of its residents.
UOL Group and SingLand, two property development companies listed on the mainboard, have successfully secured a prime government land sales (GLS) site located on Orchard Boulevard for their project, Upperhouse. The winning bid for the Upperhouse site was made by United Venture Development (No.7), a joint venture between UOL Venture Investments, a fully owned subsidiary of UOL Group, and SingLand Residential Development, a fully owned subsidiary of SingLand. This partnership holds an 80:20 ownership split.
The partnership between UOL Group and SingLand has once again proven to be a winning combination. With their expertise and experience, buyers can expect nothing less than a top-quality development at Upperhouse. As the property market in Singapore continues to thrive, Upperhouse is set to become another iconic and prestigious addition to the city’s skyline.
Singapore is a country renowned for its vibrant economy and luxurious lifestyle. It is no surprise that the real estate market in this small but mighty island is constantly booming. With increasing demand for high-end properties, developers are constantly on the lookout for prime land sites to satisfy the needs of affluent buyers. In the latest development, UOL Group and its subsidiary SingLand have joined forces to develop a luxurious residential project at the coveted Orchard Boulevard GLS Site.
Additionally, the URA Master Plan promotes economic growth by providing opportunities for businesses and employment, ultimately enhancing the overall livability of the area. Most importantly, the plan actively promotes environmental sustainability, ensuring that Upperhouse residents can enjoy a clean, healthy, and green living environment for generations to come.
Besides its prime location, Upperhouse will also offer residents the ultimate luxury living experience. The units will be thoughtfully designed with spacious layouts and high-end finishes. With only two residential units per floor, residents can enjoy exclusivity and privacy. The penthouses will also come with a private pool, making them perfect for those who enjoy entertaining.
The joint venture between UOL Group and SingLand is not a new partnership. The two companies have previously worked together on several successful projects such as The Clement Canopy and Principal Garden. This successful partnership, coupled with their track record of delivering quality developments, bodes well for the upcoming project at Orchard Boulevard.
One of the key selling points of Upperhouse is its prime location. Situated in the heart of Orchard Road, residents will have easy access to a plethora of amenities. They can indulge in retail therapy at the various malls, enjoy a wide selection of international cuisines or simply take a stroll down the bustling streets. The future Orchard Boulevard MRT station, which is expected to be completed in 2021, will also be within walking distance, providing residents with seamless connectivity to other parts of the city.
Named “Upperhouse”, the upcoming development promises to be a luxurious addition to the Orchard Road skyline. It will feature two residential towers with a total of 462 units, ranging from 2-bedroom apartments to larger penthouses. The development will also offer a range of facilities including a lap pool, sky gym, and an exclusive club lounge. For added convenience, there will also be a concierge service for residents to assist with their daily needs.
The expected completion date for Upperhouse is in 2023, and it has already generated much interest among buyers. At the project’s soft launch in September 2019, 120 units were snapped up within a week. This is a testament to the strong demand for high-end properties in Singapore, particularly in a prime location like Orchard Road.
The site was hotly contested with 12 bids received from top developers in Singapore. Among them, UOL Group and SingLand emerged as the successful bidders, with a bid of $1.035 billion. This translates to a land cost of $2, 072 per square foot per plot ratio (psf ppr), making it the highest land cost for a pure residential site in Singapore.
In conclusion, the UOL Group and SingLand joint venture to develop Upperhouse at Orchard Boulevard GLS Site is set to raise the bar for luxury living in Singapore. With its prime location, exclusive facilities and high-end finishes, it is poised to be one of the most sought-after addresses in the city. As Singapore continues to attract affluent buyers and investors from around the world, projects like Upperhouse will be in high demand, making it a wise investment for both buyers and developers.
As with all their developments, UOL Group and SingLand are committed to sustainability and well-being. Upperhouse will be built to the Green Mark GoldPlus standards, which is the highest tier for green buildings in Singapore. This means that residents can expect a greener and healthier living environment, with features such as energy-efficient lighting, rainwater harvesting and a green roof.
The Orchard Boulevard GLS Site was released by the Urban Redevelopment Authority (URA) for sale in May 2018. It is situated in the prestigious Orchard Road area, known for its high-end shopping, dining and entertainment options. With a land area of 8,880 square meters and a gross floor area of 24, 964 square meters, the site has a maximum permissible gross plot ratio of 2.8. This makes it an ideal location for a luxury residential development.
Located close to Khabit MRT Station and just a stone’s throw away from Yishun Town, Chencharu Close Condo offers the perfect blend of convenience and modern living. This luxurious condominium boasts a prime location with easy access to public transportation and a variety of amenities, such as shopping malls, restaurants, and schools. With its close proximity to the bustling city yet nestled in a tranquil neighborhood, residents can enjoy the best of both worlds. Not to mention, the exclusive facilities and spacious units make Chencharu Close Condo an ideal choice for individuals and families looking for a comfortable and stylish living space.