URA has announced on Monday 11 October that it has awarded two government land sales (GLS) sites at Slim Barracks Rise (Parcels A and B). Both are residential sites with commercial on the first storey.
Parcel A was awarded to EL Development, while Parcel B was awarded to Gao Xiuhua, who is one of the owners of Kingsford Development. Both have submitted the top bids for the respective sites, with EL Development submitting a bidding price of S$320.1 million for Parcel A and Gao Xiuhua submitting a bidding price of S$162.388 million for Parcel B.
Notably, Gao Xiuhua had the second-highest bidding price for Parcel A at S$316.1 million. Overall, both sites garnered 10 bids each.
The 99-year leasehold sites were first launched on 15 June as part of the H1 2021 GLS Programme, and closed on 28 September.
| Location | Slim Barracks Rise (Parcel A) | Slim Barracks Rise (Parcel B) |
| Site area | 7,957.3 sqm | 5,936.6 sqm |
| Maximum gross floor area (GFA) | 23,872 sqm | 12,467 sqm |
| Estimated number of housing units | 265 | 140 |
Given their location in one-north and proximity to Buona Vista MRT and one-north MRT, both sites will provide more housing options for those working in the biomedical and technology hub.
Would you buy a unit at one of these sites? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, 99.co recommends URA unveils red-hot condo sites at Buona Vista for 2021 and URA launches three sites under the H2 2021 Government Land Sales (GLS).
Looking for a property? Find the home of your dreams today on Singapore’s fastest-growing property portal 99.co! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
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About Virginia Tanggono
Virginia covers the property news in Singapore, from record sales to profile stories on home ownership. In her free time, she occasionally searches for spoilers of movies and TV shows.
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