There were 10 bids for each of the 2 Government Land Sales (GLS) sites at Slim Barracks Rise.
EL Development placed the highest bid of $320.1 million for 85,648.4 square feet site of Slim Barracks Rise Land parcel A. The land price of the bid works out to be about $1,245.7 per square foot per plot ratio (psf ppr).
The smaller site of Slim Barracks Rise Land parcel B was won by Gao Xiuhua, who is one of the owners of Kingsford Development. Gao Xiuhua bidded $162.4 million for the 63,901 square feet site of Land parcel B. The land price translated to $1,210.1 psf ppr.
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