Hot Property Pick: Slim Barracks Rise
In September 2021, the Business Times wrote an article on the government land sales (GLS) of two land parcels at one-north’s Slim Barracks Rise fetching 10 bids each, with prices exceeding property consultants’ forecasts.
Land parcel A, which spans 7,957 square metres (sq m) or 85,648.4 square feet (sq ft) fetched a top bid of $320.1 million or about $1,245.7 per square foot per plot ratio (psf ppr), exceeding the forecasts of most property consultants. The top bid came from EL Development.
Meanwhile, the 5,936.6 sq m or 63,901 sq ft land parcel B, fetched a top bid of $162.4 million or $1,210.1 psf ppr from Gao Xiuhua.
Table of Contents
Slim Barracks Rise Residences – by EL Development
We now know that Slim Barracks Rise (Parcel A) will be developed by EL Development. Why do we need to look out for the launch of Slim Barracks Rise Residences?
| District | D05 – Buona Vista / West Coast / Clementi |
| Tenure | 99 years |
| Size | 265 units |
| Launch Date | TBC – Launching Soon |
| Expected TOP | TBC |
| E-Brouchure & Floor Plans | Not yet released – Send me when available! |
One-North Eden Residences, which is on the plot of land right next to this one, was launched in April 2021 via virtual launch and an astounding 85% of the units were sold on launch weekend, with one and two bedroom units sold out on the very first day of launch – Read the article here on the Straits Times.
About The Developer
EL Development Pte Ltd is a real estate development and investment company based in Singapore. It first started as a small business unit within one of Singapore’s leading builders,
Evan Lim & Co. Pte Ltd and was incorporated as a separate company in 2007. Notable projects by EL Development include Pullman Residences, Parc Riviera and Symphony Suites.
Slim Barracks Rise Residences Predicted Price
Launched last April, One-North Eden saw 141 of the total 165 units sold at a median price of S$2,009 psf within its launch month. Comparing One-north Eden to Slim Barracks Rise Residences:
Since the price of the land was $245psf higher, and the breakeven psf looks like its approx $300psf higher, our sources predict that the price range of the new launch would be in the region of $2,000 to $2,380 psf or higher.
Location
Work, Live, Play and Learn – One North Business Park
One-North Business Park was created to encourage the possibility of technology collaborations amongst public research institutions, global multinational corporations, small and medium enterprises and start-ups. Spread over 200 hectares, it is a vibrant research and business park that is home to leading players and rising stars from knowledge sectors like info-communications technology and media, biomedical sciences and engineering.
Accessibility & Connectivity
Slim Barracks Rise will be extremely accessible via public transport as it is only a 6-minute walk from to 2 MRT lines – Buona Vista MRT and One-North MRT. It is also only a 10-minute drive away from the Central Business District (CBD) in Singapore.
There are ample cafes, supermarkets, gyms and other amenities to cater to both the working population and residents. In addition, located within close proximity include public research institutions such as the Agency for Science, Technology and Research, business schools like INSEAD, government agencies Ministry of Education, Media Development Authority, SPRING Singapore etc.
One-north also has a 16-ha park consisting of 13 land parcels spanning across its entire length to create a work-live-play-learn environment. The park serves as an integrated green link connecting key developments such as Biopolis (bio-medical & life science companies), Mediapolis (media companies) and Fusionopolis (information & communications technology or ICT companies) to the one-north MRT station.
The Rail Corridor
One of the perks of One-north is its connectivity to nature and greenery. Buona Vista also happens to be one of the access points to a 24km Rail Corridor that spans from north to south of Singapore.
Formerly a railway line, it is now a continuous green corridor that allows residents in Singapore to relax and appreciate nature and heritage left from the past.
Major Transformation Near Slim Barracks Rise Residences
There are several major transformations taking place which will help to boost property values in one-north. These include:
- The Greater Southern Waterfront
- Jurong Lake District
- Jurong Innovation District
- Tuas Mega Port
Educational Institutions near Slim Barracks Rise
Slim Barracks Rise enjoys close proximity to various schools and world class tertiary institutions.
Tertiary Institutions (Local and International)
- ESSEC Business School
- INSEAD
- United World College (UWC) of South East Asia
- Singapore Institute of Technology (SIT)
- National University of Singapore (NUS)
- Singapore Polytechnic
- Ngee Ann Polytechnic
Primary Schools
- Anglo Chinese School (Independent)
- Fairfield Methodist School (Primary)
- Henry Park Primary
- Nan Hua Primary School
Secondary Schools/ Junior College
- Anglo Chinese Junior College
- Anglo Chinese School (Independent)
What this means for you.
Liveable
With the live-work-play-learn concept, everything is right at your doorstep. There is something for everyone within walking distance. For families with children, tertiary education and schools are also close by.
Rentable
Location wise, Slim Barracks Rise Residences will be sought after for its convenience and accessibility. There is a large potential tenant pool, as it will be an attractive place to live for people working in the one-north area, Kent Ridge (where NUH is), as well as the Science Park area.
If you are looking to invest in a property that you can either live in or rent out, Slim Barracks Rise Residence will be an excellent option!
Register Your Interest
Leave your name and contact to receive firsthand information when the Slim Barracks Rise Residences e-brochure and floor plans are released! Also be the first to find out about the VVIP previews & discounts!