Intrepid Investments, TID Residential JV tops five bids for Orchard Boulevard GLS site at $1,755 psf ppr

City & Country10-29 09:54

Intrepid Investments is a subsidiary firm of Hong Leong Holdings. TID is a joint venture between property developers Hong Leong Group and Mitsui Fudosan. An Intrepid Investments and TID Residential ...

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TID is a joint venture between property developers Hong Leong Group and Mitsui Fudosan.\nAn Intrepid Investments and TID Residential ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/gls-sites/intrepid-investments-tid-residential-jv-tops-five-bids-orchard-boulevard?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Intrepid Investments, TID Residential JV tops five bids for Orchard Boulevard GLS site at $1,755 psf ppr</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIntrepid Investments, TID Residential JV tops five bids for Orchard Boulevard GLS site at $1,755 psf ppr\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-29 09:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/cityandcountry/gls-sites/intrepid-investments-tid-residential-jv-tops-five-bids-orchard-boulevard?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>City & Country</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Intrepid Investments is a subsidiary firm of Hong Leong Holdings. TID is a joint venture between property developers Hong Leong Group and Mitsui Fudosan.\nAn Intrepid Investments and TID Residential ...</p>\n\n<a href=\"https://www.theedgesingapore.com/cityandcountry/gls-sites/intrepid-investments-tid-residential-jv-tops-five-bids-orchard-boulevard?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2275660780.HKD","symbol_name":"SCHRODER ISF GLOBAL CLIMATE CHANGE EQUITY \"A\" (HKD) ACC","start_time":0,"source_url":"https://www.theedgesingapore.com/cityandcountry/gls-sites/intrepid-investments-tid-residential-jv-tops-five-bids-orchard-boulevard?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2679237691","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/cityandcountry/gls-sites/intrepid-investments-tid-residential-jv-tops-five-bids-orchard-boulevard?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2679237691","pubTimestamp":1793238895,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Intrepid Investments is a subsidiary firm of Hong Leong Holdings. 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TID is a joint venture between property developers Hong Leong Group and Mitsui Fudosan.\nAn Intrepid Investments and TID Residential joint venture (JV) placed the top bid for the Orchard Boulevard government land sales (GLS) site - at $181.9 million - beating out four others. This translates to $1,755 psf per plot ratio (ppr).\nIntrepid Investments is a subsidiary firm of Hong Leong Holdings. TID is a joint venture between property developers Hong Leong Group and Mitsui Fudosan.\nThe top bid for the 99-year leasehold site is around 8.3% higher than the second bid put in by GRC Development. This bidder shares a name with Global Resource Construction (formerly GRC Limited, and OKH Global prior), the listed construction arm of property developer SingHaiyi Group.\n\nThe future private residential development on this site can potentially yield 110 units, according to the Urban Redevelopment Authority (URA). This is the \"smallest GLS site in the Core Central Region (CCR), resulting in a relatively small quantum below $200 million\", notes Mark Yip, CEO of Huttons Asia.\nThe highest bid of $1,755 psf ppr is \"broadly in line\" with the $1,730 psf ppr land rate for River Valley Green (Parcel C), awarded in June, notes ERA Singapore. \n\"This indicates continued developer confidence in well-located sites within Singapore's prime districts and suggests that the CCR continues to attract resilient demand,\" says Marcus Chu, CEO of ERA Singapore.\nThis is the third-highest land rate for a pure residential GLS plot in the CCR since 2018, notes PropNex, after the Peck Hay Road site that was awarded for $1,865 psf ppr in June and the Bukit Timah Road plot that fetched $1,820 psf ppr in November 2025.\nThe GLS site is within a 10-minute walk of Orchard Boulevard MRT Station on the Thomson-East Coast Line (TEL), one stop from Orchard MRT Station on the North-South (NSL) and TEL lines. The site is also a 15-minute drive from the Central Business District (CBD). \nYip says the Orchard Boulevard address is \"highly sought-after\" among buyers. The site belongs to the \"exclusive\" Cuscaden enclave and is surrounded by luxury developments, he adds.\nThe future project built on the GLS site is likely to draw demand from Singaporeans or newly minted permanent residents (PRs) seeking a home in a prestigious neighbourhood, though much of the pent-up demand has been absorbed by successive launches in the CCR, notes Wong Shanting, head of research at Newmark. \nMeanwhile, foreign buyers, who tend to account for a larger proportion of homebuyers in the CCR, may be more inclined towards freehold developments in the vicinity, Wong adds. \nUpperHouse at Orchard Boulevard sits on the site awarded in February 2024. Since then, no GLS sites in the vicinity have been launched for tender until the subject site.\nIn February 2024, the tender for UpperHouse at Orchard Boulevard site closed with four bids. The winning bid of $428.3 million ($1,617 psf ppr) was submitted by UOL Group and Singapore Land Group.\nSince its launch in July 2025, the 301-unit UpperHouse at Orchard Boulevard has achieved an 83.1% take-up rate, indicating continued healthy demand for CCR condominiums, notes ERA Singapore. \nUpperHouse at Orchard Boulevard achieved a median selling price of $3,668 psf as at the end of 3Q2026, which provides \"key pricing support\" for future projects in the Orchard Boulevard precinct, notes Yip. \nThe Orchard Boulevard site is located near Orchard Road's commercial and retail area, which is a \"principal factor driving demand for [the Orchard Boulevard] GLS site\", adds Chu. \nFrom a developer's perspective, the smaller number of units \"could potentially reduce the amount of inventory that needs to be absorbed\" and provide \"greater flexibility\" in positioning the eventual project as a \"more boutique luxury residential offering\", says Mohan Sandrasegeran, head of research and data analytics at Singapore Realtors Inc (SRI).\nAt a top bid land rate of $1,755 psf ppr, PropNex's head of research and content Wong Siew Ying anticipates that the average selling price of the project at the subject site \"may hover at above $3,400 psf\".\nNewmark's Wong thinks the future development could potentially be launched from $3,500 psf, while Knight Frank Singapore thinks the future development could launch with average selling prices \"in the region of $3,600 psf\".\nRead about this year's GLS tenders:\nMarina Gardens Lane GLS site draws sole bid from EL Development at $1,243 psf ppr (October)\nCanberra Drive EC GLS site draws 13 bids, with top bid of $825 psf ppr setting new EC site record (October)\nURA releases East Coast Road, Serangoon North View GLS sites (September)\nBursa-listed EcoWorld expands into Singapore with award of Lorong Puntong/Sin Ming Avenue GLS site (September)\nBursa-listed EcoWorld beats out six others with $1,612 psf ppr bid for Lorong Puntong/Sin Ming Avenue GLS site (September)\nUOL-CapitaLand JV tops bids for New Upper Changi Road GLS site at $1,537 psf ppr (September)\nURA releases Marina Gardens Lane, Orchard Boulevard GLS sites, potentially yielding 500 units (August)\nIntrepid Investments, GuocoLand JV places sole bid for Berlayar Drive GLS site at $1,515 psf ppr (August)\nFrasers Property, FCT, Sunway MCL, Sekisui House, Lum Chang consortium tops three bids for Bayshore Drive mixed-use GLS (July)\nURA launches Lorong Puntong GLS site, first ThomsonBishan plot in a decade (June)\nSunway MCL, CSC Land JV tops four bids for River Valley Green (Parcel C) GLS site at $1,730 psf ppr (June)\nCDL, Hong Leong JV tops bids for Peck Hay Road GLS site with second-highest residential bid on record (June)\nURA announces nine new sites under Confirmed List in 2H2026 GLS programme, including white site at Jurong Lake District (June)\nURA launches Berlayar Drive and New Upper Changi Road GLS sites (May)\nHolland Plain GLS site in D10 draws sole bid from Sim Lian (May)\nHoi Hup Realty tops three bids for Miltonia Close EC site next to Orchid Country Club (April)\nDunearn Road GLS site draws six bids; Wing Tai-Metro consortium on top with $1,625 psf ppr bid (April)\nRiver Valley Green (Parcel C) GLS site in popular Great World area could 'pique developer interest' (April)\nPeck Hay Road GLS site in Newton could draw up to eight bids: analysts (April)\nFrasers Property-Mitsubishi Estate JV tops four bids for Kallang Close GLS site at $1,415 psf ppr (April)\nLarge 5.74ha Bayshore Drive mixed-use GLS site could draw $2 bil top bid: analysts (March)\nQingjian Realty, joint venture partners top Dover Drive GLS bid with $1,556 psf ppr (March)\nGuocoLand, Intrepid Investments, TID consortium tops Lentor Central GLS bid with record $1,278 psf ppr (March)\nURA launches GLS site at Holland Plain, with up to six bidders expected (February)\nCDL-Woh Hup JV places top bid for Tanjong Rhu GLS site, beating out four others (February)\nSim Lian Group's top bid for Woodlands Drive 17 EC site breaks CDL's record (January)\nDairy Farm Walk GLS site draws five bidders with 'measured' top bid of $962 psf ppr, 5.7% below Narra Residences site (January)\nFor more property trends and breaking news, visit City & Country's microsite at theedgesingapore.com/cityandcountry","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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