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Orchard Boulevard land sale article.
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There have been several notable land sales and tenders related to Orchard Boulevard in recent times:
Government Land Sales (GLS) Site
A site at Orchard Boulevard was released for sale under the 2H2023 Government Land Sales (GLS) Programme. The tender for this site closed on February 1, 2024, with UOL Group and Singapore Land Group submitting the highest bid of $428.28 million, which translates to $1,617 per plot ratio. This site is highly valued due to its prime location in one of Singapore’s most prestigious districts.
Crystal Court and Adjoining Land
Crystal Court, a mixed-use development located near the Orchard Road area, along with an adjoining land plot, was put up for sale by tender. The development spans 16,729 square feet and includes a commercial unit, 16 apartment units, and a basement car park. The adjoining land plot of 4,058 square feet serves as a private service road with surface car park lots. The guide price for these properties was $115 million, with an estimated land rate of $2,456 per square foot per plot ratio. The properties are zoned for commercial and residential use under the Master Plan 2019.
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