One-North's Slim Barracks Rise GLS top bidders is out - PropertyFactSheet
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One-North’s Slim Barracks Rise GLS top bidders is out

Posted by alvintay on September 28, 2021
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NEWS UPDATE

Two residential with commercial at first storey land sites at Slim Barracks Rise were released for sale in June, under the confirmed list of the first half 2021 government land sales (GLS) programme.

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Slim Barracks Parcel A

Site Area : 7,957sqm
Estimated number of housing units : 265 Units
Lease Period : 99 Years
NOTE: Actual number of dwelling units provided by the developer may vary.

Slim Barracks Parcel B

Site Area : 5,937sqm
Estimated number of housing units : 140 Units
Lease Period : 99 Years
NOTE: Actual number of dwelling units provided by the developer may vary.

Know More : Mega Development Launch in 2021  – Normanton Park

 

The tender for the two government land sale (GLS) sites at Slim Barracks Rise Parcel A and Parcel B in the one-north precinct closed on Sept 28 with 10 bids each.
EL Development topped the bids for Slim Barracks Rise (Parcel A) with a bid price of $320.1 million or $1,246 psf per plot ratio (ppr). Meanwhile, Kingsford Development, which submitted its bid under director and shareholder’s name, Gao Xiuhua, emerged the highest bidder at $162.388 million ($1,210 psf ppr) for the adjacent site at Parcel B.
Bidder-PARCEL-A
Bidder Parcel B v2

The Land Parcel has Excellent location as it is Located in One North Area Precinct right beside the current NTU Alumni Club. It is master planned by JTC Corporation to be the icon of Singapore’s knowledge economy. The estate focuses on knowledge-intensive activities in sectors such as biomedical. info-communications and media industries.

It also come with good accessibility which is close proximity to One-North MRT Station and Buona Vista MRT Interchange Station with Parcel A been the closest one. With this, it provide easy connections to the National University of Singapore, as well as to various parts of Singapore including Jurong Lake District, Harbour Front, CBD or even Changi Airport.

Within Nearby Proximity, Home Owners can enjoyed retail therapy at Star Vista or even Vivo City towards the south and it also offers it owners to many good school nearby like Anglo-Chinese Junior College and Anglo-Chinese School (Independent), Fairfield Methodist School (Secondary), Fairfield Methodist School (Primary), INSEAD and Essec Business School.

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Bundle together with the successful launch of One-north Eden and the upbeat market with rising prices while declining unsold inventory is prompting developers to replenish their land banks and thus attracted numerous bidders.

Watch out for this Launch – Fully Integrated Development Pasir Ris 8

Land PRices One North

The top bids for Parcel A and B were 24.5% and 20.8% higher than the $1,001 psf ppr bid submitted by developer TID, a joint venture between Hong Leong Holdings and Mitsui Fudosan, for the neighbouring site at One-North Gateway in 2019. The project was launched as the 165-unit One-North Eden in April 2021. On the first weekend of launch, 85% of the units were sold at a median price of $2,009 psf.

Read About : Ki Residences at Sunset Way by Hoi Hup

Bidder of Parcel B – Gao, Kingsford Development continues to be committed to developing projects in Singapore. Its latest project, the 1,862-unit Normanton Park (Nearby), was launched in January this year, and it is about 66% sold. The Land Bid is Only @ $969psf with Average Sales Price @ $1,7xxpsf which offers an attractive good buy as compare to Land Parcel A & B.

Read Also Prime location Staying at Fourth Avenue Residences

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