The Hill @ One-North (D5, 99-year leasehold, Kingsford)

[Kuromi]

The Hill at One North will be launching soon in the 2nd half of 2023. At Slim Barracks Rise, there were 2 plots of government land that was open for tender. The Hill @ One North is the parcel B. Approximately having 140 residential units and commercial shops on its lower floors. Living life at your fingertips as many amenities are found nearby. Star Vista Mall is just 5mins walk away. There you can do your grocery run at the cold storage. There are also many cafes and eateries in the mall.

The Hill @ One North is a 99yr leasehold condominium and the completion date is estimated to be in the year 2026.

[New Reporter]

Kingsford to start previews for The Hill @ One-North, with prices from S$1.9 million

Apr 5, 2024

KINGSFORD Real Estate Development will start previews for its latest condominium project at Slim Barracks Rise, The Hill @ One-North, on Saturday (Apr 6). Prices start from S$1.9 million for a two-bedroom unit.

Located in District 5, the condominium sits on 63,901 square feet (sq ft) of land, and will house 142 units in a seven-storey block and two 11-storey towers.

Two-bedroom units ranging in size from 732 to 893 sq ft start from S$1.9 million, or S$2,596 per square foot (psf). Three-bedroom units between 947 and 1,227 sq ft start from S$2.3 million, or S$2,429 psf. Four-bedders, ranging from 1,227 to 1,410 sq ft in size, start from S$3 million, or S$2,445 psf.

This 99-year leasehold site was hotly contested in 2021 by 10 bidders, and was eventually awarded to Gao Xiuhua, one of the owners of Kingsford Development, for S$162.4 million or S$1,210 per square foot per plot ratio (psf ppr).

This site is part of JTC’s continued efforts to inject more residential spaces into the one-north estate, URA said at the site’s launch.

The project also comes with five commercial units which will be launched at a later date, a spokesperson for Kingsford Development said. Four of the commercial units will have street-level frontage while the remaining one, on the third floor, will face one-north Park.

Within the vicinity, Blossoms by the Park was launched in the range of S$2,200 to S$2,400 psf in April last year. The 275-unit project houses units ranging from one to four-bedders in a single 27-storey block.

The project sits on an 85,648 sq ft plot and was sold to EL Development for S$320.1 million, or S$1,245 psf ppr. As at Mar 26, the project has sold 241 units. Of these, 16 transactions were done in 2024 at an average price of S$2,562 psf, said PropNex.

Another project nearby is the 165-unit One-North Eden, which was fully sold in 2022 at an average price of S$1,988 psf.

Mark Yip, chief executive officer of Huttons Asia, said: “There is (a) limited supply of homes in one-north as Blossoms by the Park and The Hill @ One-North are the only two sites zoned for residential use.”

He added that 90.2 per cent of the units at Blossoms by the Park have been sold as at Apr 5. He also said that rents in the area are about 20 per cent higher than those in nearby non-landed projects – such as Dover Parkview and Heritage View – and “are likely to outperform, given the limited supply”.

Wong Siew Ying, PropNex Realty’s head of research and content, noted that there is “presently no upcoming new private residential supply in the immediate areas” of The Hill @ One-North. Two projects are slated to enter the market, but they are located farther away on sites at Media Circle and will not be launched this year.

The government awarded a site (residential with commercial at first storey) in February 2024, with another Government Land Sales plot due to be launched for tender in May this year.

Sales bookings for The Hill @ One-North will start on Apr 20, and the project is expected to be completed at the end of 2026.

https://www.businesstimes.com.sg/pro...-s-1-9-million