Despite increasingly cautious market sentiment in Singapore’s high-end residential sector, Upperhouse at Orchard Boulevard has achieved extraordinary first-day sales performance, with over 50% of its 301 exclusive residential units transacted at an average price of approximately S$3,350 per square foot (psf).
The 99-year leasehold development, strategically positioned in the prestigious District 10, attracted a diverse mix of owner-occupiers and investors seeking prime assets in Singapore’s core central region.
Developed through a joint venture between UOL Group Limited and Singapore Land Limited, with UOL holding an 80% stake and SingLand subsidiary accounting for the remaining 20%, Upperhouse represents the continuation of both developers’ successful track record in luxury residential developments.
Upperhouse continues UOL and SingLand’s legacy of excellence in luxury residential development through their strategic 80-20 partnership.
The land parcel was acquired at S$428.28 million, translating to S$1,617 psf per plot ratio, establishing a solid foundation for the project’s current pricing structure.
Launch pricing for the development ranged between S$2,500 and S$4,051 psf, with particularly strong uptake observed for compact configurations, especially the 915-square-foot two-bedroom-plus-study units. The project’s unique offering of thoughtfully designed units with spaciousness and openness has been a key selling point for buyers seeking luxury living spaces.
Corner stacks and units with southeast-facing orientations commanded premium interest, reflecting buyers’ preference for ideal views and positioning within the development.
The mixed-use project’s direct integration with Orchard Boulevard MRT station, combined with proximity to premier retail destinations including ION Orchard, Paragon, and Wisma Atria, greatly enhanced its appeal among prospective purchasers. This aligns with current market trends showing strong preference for properties with excellent MRT connectivity.
Additionally, the development’s location near the UNESCO-listed Singapore Botanic Gardens and Camden Medical Centre proved attractive to older buyers seeking walkable lifestyle amenities and healthcare facilities.
Upperhouse’s extensive suite of luxury amenities, including an infinity pool, sky gardens, wellness spa, private dining pavilions, and clubhouse, further distinguished the development in Singapore’s competitive high-end residential market.
The inclusion of commercial space on the first storey, designated for retail and food and beverage offerings, provides additional convenience for residents while potentially enhancing the development’s overall investment proposition in the long term.
The project offers a variety of unit types ranging from 1 to 5-bedroom options to accommodate different lifestyle needs, making it attractive to both singles and families seeking upscale urban living.
Check out the developer agent web site at : https://upperhouse-orchard.com
