The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Slim Barracks Rise (Parcels A & B) to EL Development Pte Ltd and Gao Xiuhua respectively.
They submitted the highest bids in the tenders for the two sites.
The sites at Slim Barracks Rise (Parcels A & B) were launched for tender on 15 June 2021. The tenders for these sites closed on 28 September 2021. The land parcels were offered for sale on 99-year lease terms.
Details of the awarded land parcels and the successful tenderers are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA(GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($PSM of GFA) |
|---|---|---|---|---|---|
| Slim Barracks Rise (Parcel A) | Residential with commercial at 1st storey | 7,957.3 m2 | 23,872 m2 | EL Development Pte Ltd | $320,100,000.00 ($13,409.01) |
| Slim Barracks Rise (Parcel B) | 5,936.6 m2 | 12,467 m2 | Gao Xiuhua | $162,388,000.00 ($13,025.43) |