Mr Liam Wee Sin (Group Chief Executive, UOL Group) today announced  “This is the first residential land parcel released in Orchard/Tanglin area since 2018. The site has very attractive locational attributes and direct MRT connection to the Orchard Boulevard station. This Orchard Rd site is also a timely addition to our luxury collection in sought-after locations such as Nassim, Meyer and Watten. UOL and SingLand are planning to develop a high-rise luxury development, of 36 storeys or more, capitalising on the panoramic views.”

The Urban Redevelopment Authority (URA) released a Residential with Commercial at 1st Storey site at Orchard Boulevard for sale on 17 October 2023 under the 2nd half 2023 (2H2023) Government Land Sales (GLS) Programme. 

The site at Orchard Boulevard is launched for sale under the Confirmed List and can potentially yield about 280 residential units. These form part of the 5,160 residential units to be made available via the Confirmed List of the 2H2023 GLS programme. To cater to demand, the Government has ramped up the Confirmed List supply of private housing in the GLS programme, by 26% in 2H2023 compared to the preceding half year. With the 2H2023 supply, the Confirmed List supply of around 9,250 units for the whole of 2023 will be at its highest level in a decade. The tender for the Orchard Boulevard site closed at 12 noon on 1 February 2024.

Back on 18 November 2023, UOL and SingLand sold 102 units (or 57%) out of 180 units at an average price of around $3,230 psf on the first day of Watten House’s private preview (Saturday, 18 Nov 2023).

At the time UOL Group Chief Executive Liam Wee Sin said, “Watten House has ended the year well for UOL and SingLand. This luxury development is an exceptional freehold project with a prestigious address and we have developed this sprawling 5-acre site into a low density 180-unit development with high- density greenery. Our design concept is of a palatial home characterised by an Asian touch, with vernacular roofs and elegant proportionality. The combination of classic architectural elements and modern design features creates a home that is timeless and poised and this resonated with our buyers.”

Anson Lim, General Manager (Residential Marketing) highlighted that the high take-up rate including three penthouses, demonstrates the attractiveness of the development in terms of its locational attributes and product offering. Of the 102 buyers, approximately 96% are Singaporeans and Singapore PRs looking for both owner occupation and investment in view of its rarity and potential upside due to Watten House’s location in a predominantly GCB locale with nearby renowned schools and lifestyle amenities.

Below: Artist’s impression of Watten House, a low-density 180-unit development.

Artist’s impression of Watten House, a low-density 180-unit development.