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