Slim Barracks Rise (Parcel A)
AwardedResidential with commercial at 1st storey. URA/JTC sale site.
S$320,100,000
S$13,409.01 psm GFA, about S$1,246 psf ppr (derived). Awarded 11 October 2021 to EL Development Pte Ltd.
| Location | Allowable development | Site area | Maximum permissible GFA | Successful tenderer | Tendered price (S$ 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 | S$320,100,000(S$13,409.01) |
As listed at the close of 28 September 2021 (ura-pr21-35), with the outcome the award of 11 October 2021 gave each.
| Rank | Tenderer | Tendered price | S$ psm GFA | S$ psf ppr (derived) | Outcome |
|---|---|---|---|---|---|
| 1 | EL Development Pte Ltd | S$320,100,000 | S$13,409.01 | S$1,246 | Awarded |
| 2 | Gao Xiuhua | S$316,100,000 | S$13,241.45 | S$1,230 | Unsuccessful |
| 3 | Garden Estates (Pte.) Limited, parent: Hong Realty (Private) Limited / Hong Leong Investment Holdings Pte. Ltd. and TID Residential Pte. Ltd., parent: Hong Leong Holdings Limited / Mitsui Fudosan Co., Ltd. (joint venture) | S$305,966,000 | S$12,816.94 | S$1,191 | Unsuccessful |
| 4 | Pine I Residential Pte. Ltd. and Pine I Commercial Pte. Ltd. | S$296,888,888 | S$12,436.70 | S$1,155 | Unsuccessful |
| 5 | SL Development 1 Pte. Ltd. | S$295,000,000 | S$12,357.57 | S$1,148 | Unsuccessful |
| 6 | UOL Development (No. 1) Pte. Ltd. | S$286,020,000 | S$11,981.40 | S$1,113 | Unsuccessful |
| 7 | CSC Land Group (Singapore) Pte. Ltd. | S$285,223,610.88 | S$11,948.04 | S$1,110 | Unsuccessful |
| 8 | Far East Civil Engineering (Pte.) Limited, parent: Far East Organization, Ho Bee Land Limited, Soilbuild Group Holdings Ltd and UED Alpha Pte. Ltd., parent: Yanlord Land Group Limited (through United Engineers Limited) | S$274,588,889 | S$11,502.55 | S$1,069 | Unsuccessful |
| 9 | Hoi Hup Realty Pte Ltd | S$271,000,000 | S$11,352.21 | S$1,055 | Unsuccessful |
| 10 | Winchamp Investment Pte. Ltd., parent: Wing Tai Holdings Limited | S$250,222,333 | S$10,481.83 | S$974 | Unsuccessful |
Press releases, latest first
Each card is one release on its own date, with its text folded beneath. The latest is first and open.
11 October 2021
AwardedAward of tender for URA sale sites at Slim Barracks Rise (Parcels A & B)
Awarded to
EL Development Pte Ltd, S$320,100,000 (S$13,409.01 psm GFA, about S$1,246 psf ppr).
Read the press releaseHide the press releaseura-pr21-42
The Urban Redevelopment Authority (URA) has awarded the tenders for the sites at Slim Barracks Rise (Parcels A & B) to EL Development Pte Ltd and Gao Xiuhua respectively.
They submitted the highest bids in the tenders for the two sites.
The sites at Slim Barracks Rise (Parcels A & B) were launched for tender on 15 June 2021. The tenders for these sites closed on 28 September 2021. The land parcels were offered for sale on 99-year lease terms.
Details of the awarded land parcels and the successful tenderers are provided below:
| LOCATION | ALLOWABLE DEVELOPMENT | SITE AREA | MAXIMUM PERMISSIBLE GROSS FLOOR AREA(GFA) | SUCCESSFUL TENDERER | TENDERED PRICE ($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) |
28 September 2021
Tender closedTender closing for URA sale sites at Slim Barracks Rise (Parcels A & B)
10 bids disclosed
Highest S$320,100,000 (S$13,409.01 psm GFA) from EL Development Pte Ltd.
Read the press releaseHide the press releaseura-pr21-35
The Urban Redevelopment Authority (URA) closed the tender for the two sites at Slim Barracks Rise (Parcels A & B) today.
The public tender for the two sites at Slim Barracks Rise (Parcels A & B) was launched on 15 June 2021.
Please see Annex A and Annex B for details of the sites and tender bids received.
This is not an announcement of tender award. A decision on the awards of the tender will be made after the bids have been evaluated. This will be publicised at a later date.
15 June 2021
Launched for tenderURA launches tenders for two residential with commercial at 1st storey sites at Slim Barracks Rise (Parcels A & B)
Read the press releaseHide the press releaseura-pr21-18
The Urban Redevelopment Authority (URA) released two residential with commercial at 1st storey sites at Slim Barracks Rise (Parcels A & B) for sale today under the Confirmed List of the first half 2021 (1H2021) Government Land Sales (GLS) Programme.
The land parcels are launched for sale as part of JTC Corporation (JTC)’s continued efforts to inject more residential spaces in the one-north estate to meet housing needs and enhance the area as a vibrant mixed use business park that serves as a fertile ground for research, innovation and entrepreneurship. Together, these two land parcels can potentially yield a total of about 405 residential units.
Details of the land parcels can be found in Annex 1 and the location plan is in Annex 2.
Other Details The tenders for the two land parcels will close at 12 noon on 28 September 2021.
Site facts
- Selling authority
- URA/JTC
- Allowable development
- Residential with commercial at 1st storey
- Tenure
- 99 years
- Programme list
- Confirmed List, launched for tender[ura-pr21-18/pr21-18a.pdf]
- Site area
- 7,957.3 sqm[ura-pr21-18/pr21-18a.pdf]
- Maximum GFA
- 23,872 sqm[ura-pr21-18/pr21-18a.pdf]
- Estimated housing units
- 265[ura-pr21-18/pr21-18a.pdf]
- Height control
- Podium 18m SHD; overall 66-112m SHD[ura-pr21-18/pr21-18a.pdf]
- Facts as stated on
- 15 June 2021
The market when bids closed
When bids closed on 28 September 2021, URA's latest quarterly figures were for 2Q2021, published 23 July 2021, 67 days earlier. The next release, 3Q2021, came on 22 October 2021. The table carries on through four releases after it.
| Private residential | 4Q2020Jan 2021 | 1Q2021Apr 2021 | On the day2Q2021Jul 2021 | 3Q2021Oct 2021 | 4Q2021Jan 2022 | 1Q2022Apr 2022 | 2Q2022Jul 2022 | Trend | Change2Q2021 to 2Q2022 |
|---|---|---|---|---|---|---|---|---|---|
| Prices | |||||||||
| Private home price index | 157.0 | 162.2 | 163.5 | 165.3 | 173.6 | 174.8 | 180.9 | +10.6% | |
| Non-landed, core central region | 133.6 | 134.3 | 135.8 | 135.1 | 138.7 | 138.6 | 141.2 | +4.0% | |
| Private rental index | 103.9 | 106.2 | 109.3 | 111.3 | 114.2 | 119.0 | 127.0 | +16.2% | |
| Sales | |||||||||
| New homes sold by developers | 2,603 | 3,493 | 2,966 | 3,550 | 3,018 | 1,825 | 2,397 | −19.2% | |
| Resales | 4,249 | 4,519 | 5,333 | 5,362 | 4,748 | 3,377 | 4,236 | −20.6% | |
| Sub-sales | 77 | 88 | 150 | 171 | 159 | 141 | 178 | +18.7% | |
| Units launched | 3,147 | 3,716 | 2,356 | 2,149 | 2,275 | 613 | 1,956 | −17.0% | |
| Supply | |||||||||
| Unsold, uncompleted, with planning approval | 24,296 | 21,602 | 19,384 | 17,140 | 14,154 | 14,087 | 15,805 | −18.5% | |
| Pipeline with planning approval | 49,307 | 48,139 | 47,097 | 47,715 | 46,276 | 47,415 | 48,836 | +3.7% | |
| Vacancy rate | 7.0% | 6.4% | 6.3% | 6.4% | 6.0% | 5.3% | 5.4% | −0.9 pts | |
Each figure is the quarter's own value as URA printed it in that quarter's release, not as later revised. Select a figure to see the annex and page it comes from.
Held back: URA prints the number in more than one place and the table's labels do not settle which one it is, so the archive stores it but does not show it.
Sources
- Press releasePublished 15 June 2021
URA launches tenders for two residential with commercial at 1st storey sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- cdec71458d8a89ba4f68072a1aade8c23830a11f2bbc8b6ccb5dbacf00d86489
- Size
- 432,038 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-18
- AnnexPublished 15 June 2021
Annex 1 to URA launches tenders for two residential with commercial at 1st storey sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- b36967a415e8ea48baf497ce3b6d4cce4fdab122ae32a6bf9d3b9d95fc86abda
- Size
- 55,652 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-18/pr21-18a.pdf
- AnnexPublished 15 June 2021
Annex 2 to URA launches tenders for two residential with commercial at 1st storey sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 008c070601678c47f74295c8be3314acdace46bc4329bda61f27241c57a17d49
- Size
- 68,930 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:49 UTC
- Prevo reference
- ura-pr21-18/pr21-18b.pdf
- Press releasePublished 28 September 2021
Tender closing for URA sale sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- e67763c805f658e528e414f8908e369ce4822c2e698260c259d0fb7140ff517d
- Size
- 425,884 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-35
- AnnexPublished 28 September 2021
Annex A to Tender closing for URA sale sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 93c2bc3494cadeaf90aa2ea8b8116555450bd067aec5df97f50de440e52bff57
- Size
- 27,624 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-35/pr21-35a.pdf
- AnnexPublished 28 September 2021
Annex B to Tender closing for URA sale sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 71227da4eacb3f768b03f4d63bd4346280183ee63d16332f248d9f1997024993
- Size
- 27,480 bytes
- Format
- application/pdf
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-35/pr21-35b.pdf
- Press releasePublished 11 October 2021
Award of tender for URA sale sites at Slim Barracks Rise (Parcels A & B)
Urban Redevelopment Authority · Retrieved 18 September 2026
Source fact · Source-backedTechnical details
- SHA-256
- 81c287ff0e0e908007dfbaa57d471d912f6ad08cc0a61e40781df9c2b2a719ae
- Size
- 458,816 bytes
- Format
- text/html
- Retrieved at
- 2026-09-18 09:29:50 UTC
- Prevo reference
- ura-pr21-42