Ong Beng Seng’s HPL wins go-ahead to redevelop Orchard Road properties

HPL Properties Limited, whose managing director Ong Beng Seng is currently being probed for possible graft charges, recently received provisional permission to redevelop a set of its Orchard properties. The announcement led to a surge in the prices of HPL’s shares, closing at $3.90 on Aug 28, an increase of 10.8%.

The three properties due to be redeveloped are the Forum, voco Orchard Singapore, and HPL House. They have a collective land area of 14,027.12 sqm, or 150,986.66 sq ft. The Urban Redevelopment Authority granted this permission under the Strategic Development Incentive Scheme.

The proposed redevelopment involves two 64-storey and 43-storey tower buildings, set on top of a 6-storey podium with a rooftop garden, a performance theatre and basement carpark. Additionally, a standalone 29-storey tower will be built on the contiguous basement carpark.

These future developments are expected to create a thriving area, providing a connection between the property and neighbouring developments.

With luxurious amenities, convenient location and close proximity to nature, Zion Road Condo offers a great living experience. With its easy access to public transportation, close proximity to shopping malls, its scenic nature settings, it is no wonder that Zion Road Condo has become a sought after residence in Singapore. Whetherbe it for its peaceful and serene environment, or its modern lifestyle amenities, Zion Road Condo has something for every individual.

HPL has not yet determined the timeline for these future developments, and is currently working on detailed plans with the help of professional advisers. If and when the proposed redevelopment is completed, it will bring a vibrant feel to the Orchard Road area.

A comprehensive mixed-use development comprising of hotels, retail, office space, and residential components, the project is expected to be one of the largest of its kind along the renowned shopping strip. It will be a significant focal point in the north-west end of Orchard Road, bringing a new dynamic light to the area.