Landlord Gets Approval To Build Orchard Road Mega Project
SINGAPORE – The Urban Redevelopment Authority (URA) has greenlighted Hotel Properties Limited’s (HPL) proposal to redevelop HPL House, voco Orchard Singapore, and Forum The Shopping Mall into a large-scale integrated project, reported The Business Times on Monday noon (28 August, SGT).
The commercial property landlord revealed that the gargantuan development will have an overall area of around 1.23 million sq ft. It will consist of several buildings containing office space, retail premises, residential units, and a hotel.
In June, The Business Times reported that HPL submitted a development proposal involving its land plots on the at the intersection of Cuscaden Road and Orchard Road.
For the past 20 years, there had been rumours on the market that HPL would redevelop the aforementioned properties. And on Monday, the landlord disclosed that it had applied for provisional permission to identify its assets that could be improved and optimised for value.
Under HPL’s proposal, the mega development could feature three towers, with the tallest having 64 levels. The landlord is also considering to construct a six-storey podium with a basement car park, a performance theatre, and a rooftop garden.
“If and when it is implemented and completed, the proposed redevelopment will transform this part of Orchard Road into a vibrant, energetic, significant and prominent precinct,” remarked HPL.
The commercial property landlord envisions that the mega project would become a “gateway destination on Orchard Road and provide connectivity between the site and neighbouring developments”.
Notably, HPL’s proposal was applied under URA’s Strategic Development Incentive Scheme, which grants perks to owners of older buildings located in strategic areas if they redevelop the properties into something that will make the area more vibrant and bustling.
“The company and its professional advisers are working on further detailed plans and the timeline for the proposed redevelopment has not been determined at this stage,” added the landlord.
