GLOPRAGlobal Property Radar

Singapore land price tops S$18,890.82 per sqm in October 2026

Singapore's Orchard Boulevard residential site drew 5 bids, the highest at S$18,890.82 per square metre of gross floor area, or S$181,861,924 in total.

The facts

  • The top bid for the Orchard Boulevard residential site came in at S$18,890.82 per square metre of gross floor area, or S$181,861,924, from Intrepid Investments and TID Residential, the Urban Redevelopment Authority reported on 29 October 2026.
  • Five bids were submitted. The lowest, from a Macly Group-led group of five parties, was S$139,900,000, or S$14,532.05 per square metre of gross floor area.
  • GRC Development bid S$167,850,000 (S$17,435.34), a BBR Development group S$160,720,925 (S$16,694.81) and Wincove Investment S$152,388,888 (S$15,829.32).
  • The parcel covers 3,438.0 square metres with a maximum gross floor area of 9,627 square metres on a 99-year lease.
  • Launched for public tender on 13 August 2026, the site closed on 29 October 2026. The authority states this is not an announcement of tender award.

What it means for your money

  • Land at this price sets the floor for the next launch nearby. Entry costs rise before a single unit is built.
  • Glopra data puts prime Singapore housing at 22,446.4 USD per square metre, up 2.9% over a year, with a purchase tax of 60% for foreign buyers, and the land price lands on top of both.
  • Five bids spread from S$14,532.05 to S$18,890.82 per square metre of gross floor area, a gap that shows developers disagree on what a prime address will fetch by completion.
  • For an owner already holding nearby stock, a 9,627 square metre cap on gross floor area limits how many competing units can arrive from this parcel.

What to watch

  • The tender award, which the authority publishes after it evaluates the bids, and the launch price that follows.
  • The fourth-quarter private residential property price index, due in January, against a gross yield Glopra records at 3.13%.
  • One site does not set a city-wide price, and the land cost is not the launch price.

Sources: Urban Redevelopment Authority https://www.ura.gov.sg/news/media/pr26-76/

Market data: Singapore