Delfi Orchard for Collective Sale: A Freehold Commercial Redevelopment Site at Orchard

Enjoying a prominent frontage of approximately 80 metres along Orchard Road, Delfi Orchard is situated on a freehold site of approximately, 20,264 sq ft and is zoned “Commercial” with a height control up to 20-storeys. Delfi Orchard has a development baseline verified by Singapore Land Authority (SLA) at 131,186 sq ft which is equivalent to a plot ratio of 6.474. This compares with the Master Plan plot ratio of 4.9.

With exciting plans to link the arts, entertainment and shopping experience of Orchard Road as a lush urban corridor, Delfi Orchard is strategically placed to benefit from a major transformation. Enjoying dual road access from Orchard Road and Claymore Road, the development situated along prime Orchard Road commands attention with its prominent frontage and visibility throughout the day. Delfi Orchard is within a stone’s throw to Singapore’s most prestigious residential neighbourhood, Ardmore Park / Nassim Park, predominantly low-rise developments with access to luscious green landscapes. The regularly shaped site allows developers the flexibility of multiple development options ranging from office, luxury retail, residential to hotel.

Well served by the public transport network merely 7 minutes’ walk from Orchard MRT station, the freehold site offers unrivalled access to the Central Business District and Marina Bay. The site is also seamlessly connected to a plethora of amenities including the famed Orchard Road shopping belt, renowned medical establishments like Camden Medical Centre and Gleneagles Hospital, exclusive private clubs such as Tanglin Club and The American Club, and Singapore Botanic Gardens, an 82 hectare of tropical paradise.

A magnet for travellers, the Delfi Orchard site is also situated amongst a cluster of highly acclaimed hotels such as its next-door neighbour Orchard Hotel Singapore and opposite Orchard Rendezvous Hotel. New hotels in the nearby vicinity include the 142-room Artyzen Singapore and 204-room Edition Hotel Singapore. Given the vast provision for hospitality and retail in the area, the future development on the site is bound to be a key attraction for international travellers.

The guide price is $438M which works out to approx. $3,397 per plot ratio assuming full commercial, inclusive of a Land Betterment Charge of $7.63M and based upon the development baseline of 131,186 sq ft. The buyer may consider applying under the Strategic Development Incentive (SDI) scheme introduced by the URA.

Jeremy Lake, Managing Director, Investment Sales & Capital Markets, says, “The successful collective sales of Tanglin Shopping Centre ($868M / $2,769 ppr) and Ming Arcade ($172M / $3,125 ppr) brokered by Savills, are a testament to the strong attributes of the Orchard Road locale. Being a freehold commercial site, Delfi Orchard is another rare opportunity for developers looking to acquire a prime redevelopment site at the gateway of Orchard Road.”

Currently the only commercial redevelopment site for sale in Orchard, Delfi Orchard is a compelling opportunity for prospective purchasers to curate an iconic mixed-use development in the heart of Orchard. While the zoning is commercial, hotel and or residential uses may be possible subject to the approval by the URA.

As the site is zoned Commercial, there are no restrictions on foreign ownership.

The public tender closes on Monday, 27 May 2024, at 3pm.