Blossoms By The Park, the latest residential-cum-commercial development located at Slim Barracks Rise developed by EL Development, is a 99-year leasehold condo with site area of 85,652 sq ft and maximum gross floor area (GFA) of 256,958 sq ft.
As part of JTC Corporation’s efforts to inject more residential spaces in the one-north estate to meet housing needs and enhance the area as a vibrant mixed-use business park that serves as a fertile ground for research, innovation and entrepreneurship, the site is highly contested.
|Project Name||Blossoms By The Park|
|Developer||EL Development Pte Ltd|
|Address||Slim Barracks Rise|
|Site Area||7,957.3 sqm / 85,652.4 sqft|
|Expected T.O.P Date||2027|
|Total No. of Units||~265 Units|
|No of Storeys||Residential with Commercial
at 1st storey
|Showflat Interior Design||TBA|
Blossoms By The Park, located near the Buona Vista MRT station and surrounded by the one-north biomedical and technology hub is attractive due to their relatively palatable sizes, the growing catchment at the thriving one-north R&D business hub, and limited new housing supply in the vicinity.
Tech companies such as Grab and Razer have based their corporate headquarters in one-north, along with multinational firms such as British consumer goods company Unilever, whose Four Acres Singapore Campus is in Nepal Park. American consumer goods company Procter & Gamble’s P&G Innovation Centre is at Biopolis.
Blossoms By The Park location in one-north is close proximity to two MRT stations, namely One-North MRT Station on the Circle Line and Buona Vista Interchange Station for the Circle and East-West Lines. The nearby One North MRT station, located just a 3-minute walk from Slim Barracks Rise, improves public transport. The MRT, together with other MRT stations close by such as Holland Village and Buona Vista MRT stations, gives residents an easy time traveling around to where that matters to them.
Bounded by One-North Gateway and Slim Barracks Rise, Blossoms By The Park condo will provide its residents with easy access to F&B and retail amenities at The Star Vista, Rochester Mall, and the upcoming One Holland Village. EL Development intends to develop the site into a 27-storey condominium block with about 271 units. The development is likely to contain a good mix of one- to four-bedroom units and penthouses.
One-north is also connected to National University Hospital and National University of Singapore. Other educational institutions in the vicinity include the Insead business school, Essec Business School, Fairfield Methodist Primary and Secondary Schools, Anglo-Chinese School (Independent), Anglo-Chinese Junior College as well as United World College of South East Asia (Dover Campus). Even Nanyang Technological University’s (NTU’s) alumni club and executive centre is located in one-north. The Ministry of Education Building is located nearby in Buona Vista.
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. Analysts expect the Slim Barracks Rise project could sell for above S$2,100psf when launched.
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EL Development Pte Ltd first started as a business unit within one of Singapore’s leading builders, Evan Lim & Co. Pte Ltd, before its inception as a separate company in June 2007.
The company has developed more than 3,000 homes in Singapore, including Illuminaire on Devonshire, Parc Centennial in Kampong Java Road, Symphony Suites in Yishun and Parc Riviera in West Coast Vale.
Come late 2021, the company will usher in its first hotel development — the first Pullman Hotel in Singapore, managed by Accor. Located at Hill Street, this luxurious 10-storey business hotel comprises 350 rooms with outstanding facilities. In addition, the company is currently developing Pullman Residences Newton, a branded luxury residential development in prime district 11. Comprising of 340 1, 2, 3, 3 +Study & 4-Bedroom units, the 30-Storey development is a mere 2 minutes’ walk to Newton MRT Station.
In recognition of its emphasis on quality, design and sustainability, EL Development has won prestigious awards such as FIABCI Singapore Property Awards (2018 & 2019), Asia Pacific Property Awards (2018 – 2019), Asia Property Awards Singapore (2017), BCA Asia Top Ten Developers Award (2016 & 2017), BCA Green Mark Award (2016 & 2018), SME One Asia Awards (2013) and Enterprise 50 Awards (2012).