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Award of tender for URA sale sites at Slim Barracks Rise (Parcels A & B)

  Published: 11 October 2021
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)


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