Two sites at Slim Barracks Rise awarded to EL Development, Gao Xiuhua
Parcel A at Slim Barracks Rise was awarded to EL Development for $320.1 million, while Parcel B was awarded to Gao Xiuhua for $162.4 million. Source: URA
The tenders for the two sites at Slim Barracks Rise have been awarded to EL Development and Gao Xiuhua, after they submitted the highest bids for the sites, announced the Urban Redevelopment Authority (URA) on Monday (11 October).
El Development submitted the top bid for Parcel A at $320.1 million or $1,246 per square foot per plot ratio (psf ppr).
Spanning 7,957.3 sq m, the 99-year leasehold site has a maximum gross floor area (GFA) of 23,872 sq m. It is expected to yield 265 housing units with a retail cap of 800 sq m in GFA.
Gao Xiu Hua, who is said to be the wife of the Chairman of Kingsford Development, tendered the top bid of $162.4 million or $1,210 psf ppr for Parcel B.
The 5,936.6 sq m site comes with a maximum GFA of 12,467 sq m and 99-year leasehold tenure. It is expected to yield 140 private homes with a retail cap of 400 sq m in GFA.
Launched on 15 June, the two sites received robust interest during the close of their tender on 28 September, with ten bids each.
Looking for a property in Singapore? Visit PropertyGuru’s Listings, Project Reviews and Guides.
Cheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email: cheryl@propertyguru.com.sg.
Apex Asia Management Group Unveils Artisan 8 – A Rare Freehold Mixed-Use Development in Prime Upper Thomson
Apex Asia Management Group (AAMG) is proud to announce the official preview of Artisan 8, a rare freehold mixed-use development located at 8 Sin Ming Road, in the well-established Bishan–Thomson neighbourhood. This marks the first freehold mixed-use launch in District 20 since 2019, offering a unique opportunity for both homebuyers and investors looking for quality homes in a mature, city-fringe location.
Artisan 8 is a boutique development that comprises 34 residential units and 8 ground-floor commercial shops, all thoughtfully designed to provide a seamless blend of private living and everyday convenience. The residential units range from one- to four-bedroom layouts, with a limited collection of penthouses catering to a diverse range of lifestyle needs. Indicative prices start from $998,000 for a one-bedroom unit, $1.598 million for a two-bedroom, $1.989 million for a three-bedroom, and $2.7 million for penthouses. The commercial units, priced from approximately $3,400 per square foot, are suitable for a wide range of uses including food and beverage, convenience retail, and lifestyle services. These shops are expected to enhance daily living for residents while also offering strong rental and capital appreciation potential for investors.
Located in a prime city-fringe enclave, Artisan 8 enjoys excellent transport connectivity. It is situated just 200 metres, or a three-minute walk, from Upper Thomson MRT station on the Thomson–East Coast Line, and a ten-minute walk from Marymount MRT station on the Circle Line. The development is also well connected to major expressways, including the Central Expressway (CTE) and the Pan-Island Expressway (PIE), offering convenient access to the rest of the island.
Families will find Artisan 8 especially attractive, as it is located within 1 kilometre of two of Singapore’s most established schools—Ai Tong School and Catholic High School. This close proximity to reputable educational institutions, combined with the project’s freehold status, adds long-term value for owner-occupiers and investors alike.
In addition to its strong transport and education credentials, Artisan 8 is surrounded by a vibrant lifestyle environment. Residents can enjoy an array of popular cafés, eateries, and daily amenities in the Upper Thomson area, as well as green escapes such as MacRitchie Reservoir. This unique blend of urban convenience and tranquil greenery is a key highlight of the development’s appeal.
Artisan 8 was developed following AAMG’s acquisition of the former Sin Ming Centre in April 2024. Designed with a vision to integrate artistry and function, the project is a tribute to timeless craftsmanship and intentional design. The name “Artisan” reflects this design philosophy, while the number “8” symbolises prosperity and harmony, rooted in both the address and cultural tradition.
The on-site showflat, located at 8 Sin Ming Road, is now open for public preview. Visitors can view a fully fitted 721 square foot two-bedroom unit. Interested parties are welcome to contact any of the appointed agencies—ERA, Huttons, PropNex, or SRI—for enquiries and viewing appointments.
The Future of Singapore Homes An education seminar by Property Club Singapore The seminar will highlight the main initiatives in Draft Master Plan 2025 as a guide for Singapore’s land use plan in next 10 to 15 years. It will cover development areas with potential and the newly announced estate upgrading programme. The impacts of... [read more]
On August 5, during an interview with the media, National Development Minister Chee Hong Tat revealed several upcoming changes. While there has been much attention on housing policies such as the Voluntary Early Redevelopment Scheme (VERS) as a possible replacement for the Selective En bloc Redevelopment Scheme (SERS), and potential adjustments to eligibility criteria and…
