URA announced on Monday (October 11th) that it has awarded two state land sale locations (GLS) in Slim Barracks Rise (lots A and B). Both are residential properties with commercial premises on the first floor.

Package A was awarded to EL Development while Package B was awarded to Gao Xiuhua who is one of the owners of Kingsford Development. Both made the highest bids for their respective locations, with EL Development having a bid price of $ 320.1 million for Package A and Gao Xiuhua a bid price of $ 162.388 million.

Notably, Gao Xiuhua had the second highest bid price for Package A at $ 316.1 million. In total, both websites received 10 bids each.

alt Location Slim Barracks Rise (Package A) Slim Barracks Rise (Package B) Site area 7,957.3 m² 5,936.6 m² Maximum gross floor area (GFA) 23,872 m² 12,467 m² Estimated number of residential units 265 140

Due to their northern location and proximity to Buona Vista MRT and One-North MRT, both locations offer more housing options for those working in the biomedical and technological center.

This article was first published in 99.co

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