Business Magnate Ong Beng Seng's HPL and Prospective Collaborators Engaging in Discussions for Property Redevelopment Projects in Singapore
Hotel Properties Ltd. Plans Major Orchard Road Redevelopment
Hotel Properties Ltd. (HPL) is set to undertake a significant property redevelopment project on Singapore's iconic shopping strip, Orchard Road. The ambitious plan, unveiled two years ago, includes the construction of multiple towers, a performance theater, and a mix of hotel, retail, office, and residential components.
HPL won provisional permission for the redevelopment of three adjoining prime properties, including its company headquarters, HPL House, in August 2023. However, as of mid-2025, the specific potential partners for this project have not been identified in available information.
The government aims to transform Orchard Road into a pedestrian-friendly and green urban destination, aligning with HPL's vision for its redevelopment. The entire project, estimated to cost up to S$2 billion, will have a built-up space of 114,153 square meters when completed.
The redeveloped properties will span a combined land area of 14,027 square meters and will include a 64-story skyscraper, a 43-story tower, a separate 29-story block, a rooftop garden, and a performance theater.
Meanwhile, Ong Beng Seng, the former managing director of HPL, stepped down in April. Despite his departure, Ong, along with his wife Christina, remains among the biggest shareholders of the company. Ong, who also owns the Formula One Singapore Grand Prix franchise and resorts in the Maldives, is set to plead guilty next week to charges of abetting former Transport Minister S. Iswaran over flights and a hotel stay in Doha.
Other notable redevelopment projects in the area include Tycoon Asok Kumar Hiranandani's Royal Group's transformation of the former Ming Arcade shopping center into a boutique hotel, and Pacific Eagle Real Estate's redevelopment of the Tanglin Shopping Centre, led by Indonesian billionaire Sukanto Tanoto.
HPL's portfolio of assets spans across 15 countries, reflecting its global reach and ambition. Despite the lack of clear information about potential partners for the Orchard Road redevelopment, it is evident that HPL is seeking to divest or bring in partners to execute this major project.
Sources:
- Hotel Properties Ltd. wins provisional permission for Orchard Road redevelopment
- Frasers Property and Sekisui House collaborate on The Robertson Opus project
- Government aims to rejuvenate Orchard Road
- The Robertson Opus: A mixed-use development near Orchard Road
- Multiple parties express interest in joint venture with Hotel Properties Ltd.
- Ong Beng Seng steps down as managing director of Hotel Properties Ltd.
- Ong Beng Seng's net worth
- Ong Beng Seng owns the Formula One Singapore Grand Prix franchise
- Ong Beng Seng and wife Christina are among the biggest shareholders of Hotel Properties Ltd.
- Pacific Eagle Real Estate redeveloping Tanglin Shopping Centre
- Royal Group redeveloping former Ming Arcade shopping center
- Hotel Properties Ltd. wins regulatory approval for redevelopment of Forum shopping center, Voco hotel, and HPL House
- Hotel Properties Ltd. has a portfolio of assets across 15 countries
Investing in the real estate market of Singapore offers an opportunity to partner with Hotel Properties Ltd. (HPL) for the redevelopment of prime properties along Orchard Road, which includes the Forum shopping center, Voco Orchard Singapore, and HPL House. This major project, estimated to cost up to S$2 billion, involves the construction of multiple towers, a performance theater, and a mix of hotel, retail, office, and residential components, aligning with the government's aim to transform Orchard Road into a pedestrian-friendly and green urban destination. Businesses looking to venture into this exciting project may find it profitable to explore their options in the realm of finance and investing.
