Hong Leong-TID Joint Venture Wins Orchard Boulevard Site Tender

In a competitive tender that closed on October 29, 2026, a joint venture between Intrepid Investments, a subsidiary of Hong Leong Holdings, and TID Residential, a collaboration between Hong Leong and Mitsui Fudosan, emerged victorious by placing the highest bid for a residential plot at Orchard Boulevard. Their offer, amounting to S$181.86 million, equates to S$1,755 per square foot per plot ratio (psf ppr). This site, located in one of Singapore’s most coveted areas, is expected to enhance the vibrant residential landscape and further elevate the appeal of Orchard Road as a lifestyle destination. The Orchard Boulevard area is known for its proximity to luxury shopping, dining, and entertainment options, making it a prime location for potential homebuyers and investors alike. The successful bid reflects the ongoing demand for high-quality residential spaces in Singapore, particularly in premium locations.