Slim Barracks Rise Residences has a 99-year leasehold site area of 63,902 sqft, and maximum GFA of 134,195 sqft. 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||Slim Barracks Rise Residences|
|Address||Slim Barracks Rise|
|Site Area||5,936.6 sqm / 63,901.6 sqft|
|Expected T.O.P Date||2027|
|Total No. of Units||~140 Units|
|No of Storeys||Residential with Commercial
at 1st storey
|Showflat Interior Design||TBA|
Slim Barracks Rise Residences, 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.
The site 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, Slim Barracks Rise Residences 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.
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.
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.
Slim Barracks Rise Residences, which spans 5,936.6 square metres (sq m) or 63,901 square feet (sq ft) fetched a top bid of $162.4 million or about $1,210.1 per square foot per plot ratio (psf ppr), exceeding the forecasts of most property consultants. Analysts expect the Slim Barracks Rise projects could sell for above S$2,100psf when launched.
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Kingsford Development Pte Ltd (“Kingsford Development”), incorporated in Singapore in 2011, is a subsidiary of the Kingsford Group which is involved in various businesses including real estate development, property management and manufacturing. The Kingsford Group’s real estate operations span China and Australia, focusing on commercial and residential properties.
Recognising the potential in Singapore’s property market, Kingsford Development commenced property development in 2012 with Kingsford Hillview Peak, a 512-unit condominium at Hillview Avenue. It then went on to develop Kingsford Waterbay, a residential development at Upper Serangoon View comprising a 1,165-unit condominium, retail shops and a childcare centre. Kingsford Development is currently developing Normanton Park, a residential development comprising a 1,862-unit condominium with retail shops.
Kingsford Development won the Singapore Prestige Brand Award – Global Brands in 2019 organised by Association of Small & Medium Enterprises.