URA awards two GLS sites at Slim Barracks Rise

2 min read

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.

Slim Barracks Rise Parcels A and B location
Location of Slim Barracks Rise Parcels A and B. Source: URA

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.

Looking to sell your property?

Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.

One easy way is to send us a request for a credible and trusted property consultant to reach out to you.

Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.

If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.

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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