Two residential-cum-commercial sites at Slim Barracks Rise in Buona Vista attracted 10 bids each, said the Urban Redevelopment Authority (URA) after the tenders closed on Tuesday.

Both are 99-year leasehold sites. Land parcel A (Blossoms By The Park), 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. It was 1.27 per cent higher than the second highest bid of S$316.1 million or about $1,230.2 psf ppr by Gao Xiuhua, one of the owners of Kingsford Development. In 2017, the property developer bought the Normanton Park site en bloc for $830.1 million.

Blossoms By The Park is a new development located right at the heart of Buona Vista MRT Station. The development sits in a prime location in District 05 which is right located next to Star Vista and near to Buona Vista Xchange. Blossoms By The Park Condo is situated at the heart of the innovation district where plenty of offices as well as start-ups thrive in location near to Buona Vista MRT Station Interchange. Residents of Blossoms By The Park Condo can take heed that the condo is a mix use development with commercial units located at the first floor of the development both plots of land can potentially yield around 400 units. Both sites are within walking distance to Buona Vista MRT Station and The Star Vista Shopping Mall.

With close proximity to two MRT stations, namely One-North MRT Station (Circle Line) and Buona Vista Interchange Station (Circle Line and East-West Line), residents get to enjoy access to other parts of Singapore with ease.

Situated near everal business parks, residents are within walking distance of Mediapolis, where Grab has its new headquarters. Another excellent location is Buona Vista, which is near ESSEC, INSEAD and MOE, the development’s proximity to the city makes it a potential investment opportunity.

Things you might want to know more about Blossoms By The Park at Slim Barracks Rise (Parcel A) District 05

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