Two land parcels at one-north's Slim Barracks Rise fetch 10 bids each

The two GLS sites at Slim Barracks Rise have fetched 10 bids each.

The top bidder for Slim Barracks Rise Land parcel A, which has an area of 85,648.4 square feet, was EL Development. The developer had put in a bid of $320.1 million, which translates to a land price of about $1,245.7 per square foot per plot ratio (psf ppr).

Gao Xiuhua, one of the owners of Kingsford Development, was the highest bidder for Slim Barracks Rise Land parcel B. Kingsford Development is the developer of the nearby 1862-unit Normanton Park. The winning bid by Gao Xiuhua for the smaller Land parcel B, which has an area of 63,901 square feet, was $162.4 million, or $1,210.1 psf ppr.

Gao Xiuhua had also bidded for Land parcel A. The bid price of S$316.1 million by Gao Xiuhua, which was the 2nd highest amongst 10 bids, was 1.27% lower than the winning bid by EL Development.




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