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).
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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.