URA awards two GLS sites at Slim Barracks Rise

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).

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The post URA awards two GLS sites at Slim Barracks Rise appeared first on 99.co.

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