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Orchard Road Reaches New Milestone: CDL Acquires Delfi Orchard, Boosting Regional Development
Orchard Road Reaches New Milestone: CDL Acquires Delfi Orchard, Boosting Regional Development 新加坡
By   Internet
  • 都市报
  • High-end homes
  • redevelopment plans
  • luxury projects
Abstract: City Developments Limited (CDL) has acquired Delfi Orchard on Orchard Road, Singapore, for S$439 million. Delfi Orchard is a mixed-use commercial and residential building with a freehold tenure, located at 402 Orchard Road.

The building comprises 150 strata-titled units, of which CDL already owns 126. This acquisition represents a significant strategic move for CDL in the Orchard Road area.


Delfi Orchard's prime location is complemented by nearby amenities, including Orchard Hotel and Claymore Connect shopping mall, with Palais Renaissance directly across the street. CDL plans to leverage the Urban Redevelopment Authority’s (URA) Strategic Development Incentive Scheme (SDI) to unlock further potential of this prime location.


CDL President Sherman Kwek commented, “We are honored to acquire this strategically important asset. With CDL now owning 84% of Delfi Orchard’s units, this acquisition will enhance our ability to maximize the value of this freehold project. Orchard Road’s redevelopment has already initiated multiple reconstruction projects, and our involvement presents an exciting opportunity.”


Orchard Road Reaches New Milestone: CDL Acquires Delfi Orchard, Boosting Regional Development

shicheng.news


According to URA's master plan, Orchard Road will undergo a comprehensive transformation. The area will evolve from a traditional shopping district into a vibrant mixed-use hub, connecting key precincts such as Tanglin, Orchard, Somerset, and Dhoby Ghaut. Future developments on Orchard Road and surrounding streets will introduce new retail concepts, lifestyle destinations, and engaging activities, attracting more residents and visitors.


The Tanglin area will offer a fresh living experience, with the historic Tudor Court being redeveloped into a multifunctional cultural venue for art exhibitions and cultural events. The commercial and residential projects surrounding Tudor Court, including Delfi Orchard and Palais Renaissance, will continue to serve as premier shopping destinations. Boulevard 88, Cliveden At Grange, and St. Regis Residences will stand as benchmarks for high-end residential living, offering residents a luxurious lifestyle.


Notably, the closed canal behind Tudor Court will be transformed into an enchanting courtyard space featuring public art and outdoor dining. This new space will blend natural beauty with cultural ambiance, providing a relaxing and enjoyable environment for the community.


Orchard Road Reaches New Milestone: CDL Acquires Delfi Orchard, Boosting Regional Development

shicheng.news


As the redevelopment of Orchard Road and its surrounding areas progresses, CDL’s property projects in this prime location exhibit substantial investment potential. These projects are well-positioned, close to Orchard Boulevard MRT station, allowing for quick access to the Central Business District and East Coast leisure areas via the Thomson-East Coast MRT Line.


Boulevard 88, located at the heart of Orchard Road, features two 28-story towers with 154 residential units. Designed by renowned architect Moshe Safdie, this freehold project represents Singapore’s high-end luxury real estate.


Cliveden At Grange, situated in the luxurious 10th postal district of Singapore, offers exceptional privacy and a comfortable living environment with its unique “one apartment per floor” design, making it ideal for families. This project not only boasts a prime location but is also a rare freehold development.


St. Regis Residences, designed by the award-winning firm Wimberly Allison, Tong & Goo (WATG), is Singapore’s first branded residence offering world-renowned concierge services. The project includes 173 luxury units with high-end finishes and branded furnishings, providing an unparalleled luxury living experience for its residents.

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Orchard Road Reaches New Milestone: CDL Acquires Delfi Orchard, Boosting Regional Development
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