2 GLS sites at Slim Barracks Rise have fetched 10 bids each.
EL Development was the top bidder for Slim Barracks Rise Land parcel A. The developer had put in a bid of $320.1 million for the 85,648.4 square feet GLS site, which translates to a land price of about $1,245.7 per square foot per plot ratio (psf ppr).
Gao Xiuhua, one of the owners of Kingsford Development, was the highest bidder for Slim Barracks Rise Land parcel B. The winning bid by Gao Xiuhua for Land parcel B, which has an smaller area of 63,901 square feet, was $162.4 million. The land rate of thebid works out to $1,210.1 psf ppr.
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