What is the breakeven cost for UOL bid GLS site at Orchard Boulevard

The breakeven cost for the UOL and Singapore Land joint venture's project at the Orchard Boulevard GLS site is projected to be in the range of $2,500 to $2,900 per square foot. This estimate takes into account the various costs associated with developing the site, including construction, marketing, and other expenses. The lower bid price of $1,617 per square foot per plot ratio (psf ppr) for the land parcel is expected to help in managing these costs and enhancing the project's profitability.