Two land parcels at one-north's Slim Barracks Rise fetch 10 bids each
URA launched the tender for the land Parcel A @ Slim Barracks Rise on 15/6/2021. The tender was closed on 28 September 2021, with 10 competitive bids. This 7,957.3 Sqm of land attracted a total of 10 bids due to the excellent locality. The enthusiastic bidding in today’s tender is due to an upbeat market with rising prices while declining unsold inventory is prompting developers to replenish their land banks.
EL Development won the tender at the top bid of $320,100,000 or $1,246 per sqft per plot ratio. Gems Ville will be the next most sought-after condominium in the One-North precinct.
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