The Orchard Boulevard Government Land Sales (GLS) site, one of the few remaining plots in the prestigious Cuscaden enclave, is drawing significant attention from developers. Mark Yip, CEO of Huttons Asia, noted the site’s prime location amidst luxury developments and its potential for a prestigious Core Central Region (CCR) project. The Urban Redevelopment Authority (URA) has plans to enhance the nearby Paterson area with a mixed-use hub above Orchard MRT interchange station, boosting the lifestyle and retail appeal of Orchard Road.
Recent data indicates strong demand in the CCR, with unsold units dropping to 5,504 in Q2 2026, the lowest since Q1 2025’s peak of 8,419 units. The UpperHouse project at Orchard Boulevard, launched in 2025, has already sold over 80% of its units, underscoring the area’s appeal.
Yip anticipates up to five bidders for the site, with a top bid expected between $1,650 and $1,750 per square foot per plot ratio (psf ppr). This opportunity allows developers to enhance their portfolios with a high-profile CCR project at a manageable cost.
