• Congrats to the Winners
1⃣ Why This matters
The Slim Barracks Rise property, a prime blend of apartment units and ground‑floor retail, just had its final governments land sales (GLS) auction. After a round of fierce competition, the crown went to EL Development for a whopping $320.1 million bid and to Gao Xiuhua for $162.388 million.
2⃣ Bids in Action
Both parcels saw 10 different proposals – a testament to the buzzing real‑estate scene in Laiwu.
3⃣ What’s on the Horizon?
Bottom line
A winner for every parcel, a thriving market, and a future that looks promisingly colorful. Time for the new owners to roll out their grand plans!
<img alt="" data-caption="Location of Slim Barracks Rise Parcels A and B.
PHOTO: URA” data-entity-type=”file” data-entity-uuid=”d056246e-9845-46b1-b205-c28eff9fe051″ src=”/sites/default/files/inline-images/slim-barracks-rise-parcel-a-b-location.jpg”/>html
Get Ready for a Big Move: Two 99‑Year Leasehold Sites Opened in One‑North
Why this matters: These two parcels—Parcel A and Parcel B—added fresh housing options for folks buzzing around the biomedical and tech scene.
The Details, Straight‑Up
- Location: Slim Barracks Rise (Parcel A) – Slim Barracks Rise (Parcel B)
- Size: Parcel A: 7,957.3 m² – Parcel B: 5,936.6 m²
- Maximum GFA: Parcel A: 23,872 m² – Parcel B: 12,467 m²
- Estimated units: Parcel A: 265 – Parcel B: 140
- Opening Date: 15 June 2021 (part of the GLS Programme)
Closing Date: 28 September 2021
Why One‑North? Because Fans Want Convenient Commutes
With Parcel A at the intersection of the Buona Vista MRT and One‑North MRT, and Parcel B just a stone’s throw away, workers can ditch the rain‑and‑crowd grinds for a smooth ride to the office.
What’s Next?
The Urban Redevelopment Authority (URA) will be awarding the construction sites shortly, turning these parcels into bustling residential hubs for high‑tech, biotech, and research professionals.
Read the full story on 99.co for all the insider details.
