Blossoms By The Park is a mix of homes and businesses on the first floor, and homes on the second floor. This development is close to the Bukit Timah Nature Reserve, Holland Village, and a number of good tertiary and international schools, such as Singapore University of Social Sciences, Ngee Ann Polytechnic, National University of Singapore, Singapore Polytechnic, and the Canadian International School.
Blossoms By The Park Condo can be reached by train from One North MRT, Buona Vista MRT, and Commonwealth MRT, which are all close by. New Town Primary School, Fairfield Methodist School (Primary), and Henry Park Primary School are the closest primary schools.
Cold Storage is near Blossom By The Park Condo, which is a plus. The Giant, The Star Vista, and Market Place @ One-North (Ghim Moh Road). The Rochester Mall, The Star Vista, and Holland Road Shopping Centre are the closest malls.
Blossoms By The Park Location Singapore
Blossoms By The Park is a plot of land that will open in June 2021. It is on Slim Barracks Rise in Singapore’s District 5 and is right next to the current NTU Alumni Club. The land is in the one-north precinct, which JTC Corporation designed to be the symbol of Singapore’s knowledge economy. The estate focuses on activities that require a lot of knowledge, like those in the biomedical, information technology, and media industries.
Good Connectivity
The land is close to one-north MRT Station and Buona Vista MRT Interchange Station, which make it easy to get to the National University of Singapore and other parts of Singapore, such as Harbour Front, the Central Business District, Jurong Lake District, Changi Airport, and other key commercial nodes.
Closeness to conveniences, park, and schools
Since it is next to one-north Park, future residents will have easy access to the park’s activities. The site is also close to a lot of conveniences, like shopping at the Star Vista, which is just a short bus ride away.
Nearby are schools and business schools like Fairfield Methodist School (Primary), INSEAD, Anglo-Chinese Junior College, Fairfield Methodist School (Secondary), Anglo-Chinese School, and Essec Business School.
About the Land Sales by the Government at Slim Barracks Rise
The Urban Redevelopment Authority (URA) said that each of the two residential-commercial sites on Slim Barracks Rise in Buona Vista got 10 bids after the bids closed on Tuesday.
Both are leased for 99 years. The highest bid for land parcel A, which is 7,957 square meters (sq m) or 85,648.4 square feet (sq ft), was $320,1 million, which is about $1,245.7 per square foot per plot ratio (psf ppr). This was more than what most real estate experts had expected.
EL Development’s bid was the best. It was 1.27 percent more than the second highest bid, which was S$316.1 million, or about $1,230.2 psf ppr, from Gao Xiuhua, one of the owners of Kingsford Development. In 2017, the property developer paid $830,1 million for the Normanton Park site as a whole.
Gao Xiuhua’s bid of $162.4 million or $1,210.1 psf ppr was the highest for land parcel B, which is 5,936.6 sq m or 63,901 sq ft.
The two sites were on the list of confirmed government land sales (GLS) for the first half of 2021. The URA says that the properties are part of JTC Corporation’s ongoing plans to add more living spaces to the one-north estate.
When the land parcels went on sale on June 15, analysts said that they would get a lot of bids because they were small compared to other GLS sites.
Ong Teck Hui, senior director of research and consultancy at JLL, said that the two did better than a residential site at Slim Barracks Rise that was put up for sale by GLS in 2019. The site got bids and the highest price was $1,001 psf ppr.
The land was later used to build one-north Eden, whose units sell for about $2,000 per square foot on average, said Nicholas Mak, head of ERA’s research and consultancy department, in June.
Edmund Tie’s head of research and consulting, Mr. Lam Chern Woon, said that the high bid prices and large number of bids for both sites show that people are optimistic about residential developments in the one-north precinct.
Ms. Tricia Song, who is in charge of research for Southeast Asia at CBRE, said that when the Slim Barracks Rise projects come out, they could sell for more than $2,100 psf.
Blossoms By The Park Singapore Project Details
Project Name: Blossoms By The Park
District: 05
Address: Slim Barracks Rise
Developer: EL Development
Tenure: 99 Years
Total Units: TBA
TOP: 2027
Unit Type: TBA
