Blossoms By The Park Condo: New Launch Prices & Investment Analysis

In this article, we will evaluate an upcoming mixed-use development, Blossoms By The Park, a condominium located at Slim Barracks Rise with some commercial units on the ground floor. This project is situated in One-North, Singapore’s District 5, a vibrant and dynamic area also known as Singapore’s Silicon Valley.

Blossoms By The Park occupies a site of 7,957 square meters (85,648.4 square feet) with a plot ratio of 3.0, comprising a total of 275 units ranging from 1-bedroom to 4-bedroom apartments. Local company EL Development will develop the project after winning the government land tender in September 2021 with the highest bid of S$320.1 million, which translates to a land price of approximately S$1,245.70 per square foot.

The Gurkha Regiment was once stationed at Slim Barracks from 1949 to 1971. Subsequently, from 1971 to 1990, the 5 SIR (Singapore Infantry Regiment) took over the site. Since then, Slim Barracks Rise has transformed into an innovative hub with thriving biomedical and media industries.

This article aims to provide an impartial assessment of whether Blossoms By The Park is a suitable investment, helping you make an informed decision by looking at its:

• Location attributes.
• Design features.
• Investment potential.

Therefore, if you need the following information, please feel free to contact us via WhatsApp or WeChat:

1. More information about the development
2. A visit to the showflat to learn more about the project in detail
3. In-depth analysis of the investment potential and the latest updates on the Singapore property market

To directly browse the relevant content on this page, please click the “Table of Contents” button below and select the relevant navigation link from the drop-down box.

13 Unique Selling Points of Blossoms By The Park Condo

The highlights of Blossoms By The Park condo and its investment potential are as follows:

• One-North is known as Singapore’s Silicon Valley, attracting a concentration of knowledge-intensive industries and high-net-worth individuals.
• Singapore is ranked as a top alternative tech hub outside of Silicon Valley.
• Due to Singapore’s neutral stance amid US-China tensions, many Chinese tech companies have flocked to the region, increasing job opportunities.
• Home to 50,000 knowledge workers, researchers, entrepreneurs, and students.
• Singapore will invest S$25 billion, equivalent to 1% of its GDP, under its “Research, Innovation and Enterprise 2025 Plan” (RIE2025).
• Residential supply in One-North is limited, offering excellent investment potential.
• High rental demand and yields.
• In close proximity to major transformation areas: the Greater Southern Waterfront and the Western region [Jurong Lake District, Jurong Innovation District, and Tuas Mega Port].
• Convenient transportation network.
• Easy access to a wide range of amenities.
• The Rail Corridor provides seamless connectivity, allowing you to enjoy nature and various recreational activities.
• Adjacent to the “Clementi education hub”.
• A selection of international schools, attracting expatriate homebuyers.

Blossoms By The Park at a Glance

Blossoms By The Park Unit Mix

The project has a total of 275 units, with the majority being two- and three-bedroom units, each with 100 units. This is followed by 50 four-bedroom units and 25 one-bedroom units. Therefore, it caters to various needs, whether for own-stay or investment.

Regular residential units are from the 3rd to the 26th floor, while the 27th floor consists of penthouses. The ceiling heights are 2.8 meters and 4.65 meters respectively, which is consistent with most new launches.

The commercial units will occupy three levels—B1, L1, and L2.

Appliances, Fittings, and Furnishings at Blossoms By The Park

All units are equipped with furniture and appliances from well-known brands such as Kuche kitchen appliances, Geberit sanitary ware, and Grohe bathroom fittings. A smart home system will also be included.

For flooring, each unit will have porcelain tiles, except for the bedrooms and study rooms, which will have vinyl flooring. Engineered wood flooring, which is easy to maintain and durable, would have been a good choice but is more costly.

Blossoms By The Park Condo Facilities

Blossoms By The Park boasts comprehensive facilities, allowing you to pause from the hectic pace of modern life and enjoy life to the fullest. Regardless of your age, there are recreational facilities suitable for you, as listed below:

Virtual Tour of Blossoms By The Park Condo

Please click the links below to take a virtual tour of Blossoms By The Park condo and view various unit types:

• Blossoms By The Park Model
• 2-Bedroom + Study (872 sqft)
• 4-Bedroom (1,539 sqft)

Who is the Developer of Blossoms By The Park?

The developer of Blossoms By The Park is EL Development Pte Ltd.

It is a Singapore-based real estate development and investment company, which initially started as a small business unit within one of the leading builders in Singapore, Evan Lim & Co Pte Ltd. However, it has been operating as an independent company since 2007.

Since then, the company has undertaken various property development and redevelopment projects, acquiring land through private en bloc sales and the Government Land Sales (GLS) program. Its notable projects include Pullman Residences, Parc Riviera, Steven Suites, and Illuminaire On Devonshire.

What is the Price of Blossoms By The Park?

The selling price for Blossoms By The Park has not yet been announced, but it can be estimated based on its land cost.

EL Development won the tender for the Slim Barracks Rise (Parcel A) site by beating nine other developers with a top bid of S$320.1 million in a highly contested government land sale. This indicates the strong locational advantage of the site, much like when One-North Eden was launched in April 2021, which received significant attention and interest.

The land area is 7,957 sqm (85,648.4 sqft) with a plot ratio of 3.0, which translates to a land price of about S$1,245.70 per square foot (psf). Factoring in construction costs, profit margins, and property price increases, the final launch price could be in the range of S$2,300 to S$2,400 psf on average.

For the latest price information, please add us on WeChat or contact us via WhatsApp.

Where is Blossoms By The Park Condo Located?

Blossoms By The Park is located next to North Buona Vista Road, adjacent to the NTU@one-north campus. This is a prime location in Singapore’s hub for high-tech, R&D, and innovation, a vibrant area where many global tech giants have established their operations and regional headquarters.

Residents will enjoy excellent connectivity as it is just a short walk from both Buona Vista and One-North MRT stations.

Although the land plot is not particularly large, its near-rectangular shape allows the developer to maximize land use efficiently.

Directly across, separated by Slim Barracks Rise, is One-North Eden. When it launched in April 2021, 85% of its units were sold, demonstrating the strong appeal and significant investment potential of the area.

About One-North

The One-North concept was launched in 2002 to create a vibrant community that integrates work, live, play, and learn, fostering business collaboration, stimulating innovation, and boosting the economy.

At that time, JTC Corporation was appointed as the lead agency, and today, it has evolved into a symbol of Singapore’s knowledge-based economy, focusing on growth in key sectors (biomedical sciences, infocomm technology, and media). It also provides strong support for startups with scientific and engineering expertise.

It has created a unique community environment that integrates work, life, play, and learning, organically combining residential communities, leisure living, and educational institutions to promote industrial development and the gathering and collaboration of innovative talent, full of vitality and creativity.

Many local and foreign technology companies have established operations in One-North, including Grab, Razer, P&G Innovation Centre, A*STAR, The Walt Disney Company (Southeast Asia), Industrial Light & Magic, Canon, Fujitsu Asia, Garena, Ubisoft, and MediaCorp Campus, among others.

Additionally, the Singapore Science Park (part of One-North) is one of Asia’s most prestigious zones for biomedical, R&D, and technological development. Its proximity to key research and higher education institutions, as well as Singapore’s tech startup community, continuously fuels companies like DSO National Laboratories, TÜV SÜD PSB Singapore, AT&T, the Institute of Microelectronics (IME), and CrimsonLogic.

Dover Knowledge District

The Dover Knowledge District is an extension of One-North. Once developed, it will further enhance communication and collaboration between nearby business parks, academic, and research institutions. The National University of Singapore (NUS) is also within its planning area. As a key driver of Singapore’s economic growth, NUS is a vibrant and creative academic hub. It not only offers abundant learning opportunities but also provides an excellent platform for innovative work, continuously injecting strong momentum into Singapore’s economy.

The 9 Key Precincts of One-North

One-North is composed of nine main precincts, which, together with Science Park I, Science Park II, and the Dover Knowledge District, make up the greater One-North area. The nine main precincts are as follows:

Biopolis – In addition to having world-class biomedical R&D facilities, it hosts public research institutes and private research organizations.

Fusionopolis – A vibrant community integrating work, life, play, and learning, designed to promote R&D and advancement in the infocomm technology, media, physical sciences, and engineering industries.

Mediapolis – A media hub focused on incubation and R&D for the infocomm, media, physical sciences, and engineering sectors, while also providing a complete ecosystem for creating globally-oriented digital media.

Vista Exchange – The corporate and business center of One-North, consisting of high-rise offices, a business hotel, a retail and entertainment hub, and residential developments, including a business center with a pair of Grade-A office towers.

JTC LaunchPad @ One-North – Repurposed decades-old bungalow factories to create a high-tech hub with dozens of digital startups and venture capital firms.

Wessex Estate – An area within One-North comprising 26 walk-up apartment blocks and 58 semi-detached houses built in the 1940s. These colonial-style buildings are mostly rented out to residents, with priority given to those working in the district.

Pixel – A 5,000-square-meter area primarily for the digital media industry, serving as a resource and coordination center for content creators, owners, and game developers to promote cross-industry collaboration in content creation, delivery, and communication.

Nepal Hill – A global leadership training and talent development center, including ESSEC Business School and the Unilever Four Acres Campus. The Ascott Limited’s co-living property, lyf at One-North, will also be built here.

Rochester Park – A heritage site near North Buona Vista Road with several two-story black-and-white bungalows from the colonial era, symbolizing Singapore’s colonial history. Some of these spaces have been repurposed for creative dining outlets and novel lifestyle services, contributing to the growth of One-North.

Convenient Public Transport Network at Blossoms By The Park

Blossoms By The Park is only about a 6-7 minute walk from Buona Vista and One-North MRT stations. Buona Vista station is an interchange between the Circle Line and the East-West Line, providing direct access to the western region, the Central Business District (CBD), the Greater Southern Waterfront, and Marina Bay.

Thanks to its excellent transport network, Blossoms By The Park attracts not only those working in one-north but also people from other major business and industrial parks in Singapore, offering residents great convenience.

For those who drive, the Ayer Rajah Expressway (AYE) is less than a 5-minute drive away. Therefore, reaching the Central Business District (CBD), Orchard Road, Marina Bay, and the International Business Park in Jurong East takes only 10 minutes.

A Wide Array of Amenities at Blossoms By The Park

Blossoms By The Park is surrounded by a full range of amenities. For example, Rochester Mall and The Star Vista are only a 6-7 minute walk away. The Star Vista is a futuristic shopping mall located next to Buona Vista MRT station. Besides a wide variety of restaurants and eateries, it also houses a Cold Storage supermarket.

In addition to these two malls, there are several others nearby, including Market Place @ One-North, Giant at Ghim Moh Road, and two other Cold Storage supermarkets at Holland Village and Jelita Shopping Centre. Thus, residents of Blossoms By The Park have numerous options for groceries, household necessities, and lifestyle services.

There are also various dining options available – the Timbre+ food court at JTC LaunchPad @ One-North and the Deliveroo food market at Mediapolis. Several food courts can also be found in nearby Ghim Moh, Dover, Clementi, Holland Village, and Queensway.

Other Shopping Malls Near Blossoms By The Park

Besides Rochester Mall and The Star Vista, there are several other shopping centers in the vicinity, as listed below:

• Holland Village.
• The Clementi Mall.
• 321 Clementi.
• West Coast Plaza.
• Queensway Shopping Centre.
• JEM.
• Westgate.
• Big Box.
• JCube.
• IMM.
• Harbourfront Centre.
• VivoCity.

Many of these shopping malls are easily accessible by MRT. In fact, The Clementi Mall and 321 Clementi are just two stops away from Slims Barracks Rise Residences, while one more stop takes you to the shopping malls in Jurong East – JEM, Westgate, Big Box, JCube, and IMM.

From Buona Vista, taking the Circle Line, Harbourfront Centre and VivoCity are just six stops away.

The Rail Corridor and Nature-Filled Recreational Spaces

Previously, the Rail Corridor was a 24-kilometer railway line running from north to south, connecting Woodlands North Coast to the Greater Southern Waterfront.

Some of the areas the railway line passed through include Bukit Timah, Queenstown, and Buona Vista, where Slims Barrack Rise Residences is located.

This “green corridor” brings together one million residents within a 1-kilometer radius of the Rail Corridor, creating a community space. Expected to be completed this year, it will stimulate the development of surrounding land, promoting urban renewal and redevelopment projects.

The Rail Corridor will lead you through various natural landscapes, scenic areas, and communities, taking you on a unique journey with nature. Additionally, new commercial, cultural, and entertainment developments will emerge, injecting new vitality into the region’s development.

According to the URA Master Plan, the Buona Vista section near the One-North business park will be transformed into a vibrant outdoor community where workers and nearby residents can watch outdoor movies and hold various events.

Under the nearby Queenstown viaduct, there is a “light show” where, as cyclists or pedestrians pass by, various light patterns will appear on the ground based on their movement speed. There is also a firefly garden there.

These novel and creative designs will enhance the quality of life for residents of Blossoms By The Park. One-North is adjacent to green spaces and parks, allowing you to enjoy natural scenery that is not readily available in downtown Singapore.

Nature Parks in One-North

One-North has two nature parks—One-North Park and Nepal Park.

One-North Park covers 16 hectares and consists of 13 plots that span the entire One-North area. The park connects key developments such as Biopolis, Fusionopolis, Mediapolis, and One-North MRT station, creating a vibrant community that integrates work, life, play, and learning.

Situated on higher ground near Biopolis, One-North Park features a variety of trees and shrubs. Those who work or live in One-North can enjoy a beautiful and refreshing leisure environment.

The park boasts spacious open lawns and plazas for exercise or picnics, and is equipped with a children’s playground and a water wall.

ESSEC Business School’s Asian campus and the Unilever Four Acres Campus, as well as many multinational corporations such as Google, Microsoft, Dell Technologies, and Apple, are located in Nepal Park.

The area has many low-rise buildings and colonial-era bungalows, some of which have been converted into offices.

With its vast green vegetation, ample oxygen, and fresh air, Blossoms By The Park offers residents a vibrant and healthy leisure lifestyle. At the same time, the quaint colonial architecture adds a tranquil atmosphere and exudes classical charm, creating a livable environment that is rare in Singapore.

Educational Institutions Near Blossoms By The Park

There are many schools and higher education institutions near Blossoms By The Park. The areas around Buona Vista and Clementi are well-known as Singapore’s education hub. Fairfield Methodist School (Primary) and Henry Park Primary School are both within a 1-2 km radius, giving children priority for admission.

Below is a list of schools and educational institutions near One-North:

There are also many international schools nearby, which will attract expatriates to buy property, especially those working in One-North. These international schools include:

International Schools

• Dover Court International School.
• United World College of South East Asia (UWCSEA).
• Tanglin Trust School.
• Anglo-Chinese School (International).
• The Japanese School, Singapore.
• Waseda Shibuya Senior High School in Singapore.

Major Transformations Near Blossoms By The Park

Several ongoing major transformations will help increase the property value in One-North. These include:

• Greater Southern Waterfront.
• Jurong Lake District.
• Jurong Innovation District.
• Tuas Mega Port.

Greater Southern Waterfront

The Greater Southern Waterfront is one of the most exciting transformation projects implemented by the Singapore government, managed by a high-level ministerial task force. Stretching from Pasir Panjang to Marina East, it will be transformed into a new major community for living, working, and playing. Spanning 30 kilometers of coastline from Gardens by the Bay to Pasir Panjang, its land area will be twice the size of One Punggol and six times the size of Marina Bay.

The plan also includes new residential and commercial developments, the creation of lifestyle, leisure, and entertainment facilities, and the development and construction of waterfront promenades and green corridors. To allow people to work near where they live, more job opportunities will be created here.

Jurong Lake District (JLD)

Covering 360 hectares, this area will be the largest mixed-use business district outside the Central Business District (CBD), complete with high-quality offices, housing, and amenities. Leveraging the area’s beautiful natural environment, a leisure and recreational community planned around Jurong Lake will be unveiled.

The development of the Jurong Lake District (JLD) will revolve around four themes: a future economic hub, a new mobility paradigm, a smart and sustainable district, and a district of gardens and water. In fact, it is being hailed as Singapore’s second CBD.

Jurong Innovation District (JID)

The upcoming Jurong Region Line will have six stations and be supported by an ecosystem of manufacturers, technology providers, researchers, and educational institutions (like Nanyang Technological University), making it a key industrial area for advanced manufacturing. The goal for the Jurong Innovation District (JID) is to create a sustainable, livable industrial district of the future and establish a flexible ecosystem for advanced engineering. At the same time, it will become an innovation hub where industry-academia collaboration thrives.

Tuas Mega Port

With advanced automation and more efficient operational processes, this next-generation port will be able to handle 65 million TEUs (twenty-foot equivalent units) once fully operational in 2040. This will be double the total handling capacity of all current Singapore ports combined. With its global reach and convenient transportation, the port will facilitate the transport of goods from factories in Tuas and the surrounding Jurong area, accelerating the flow of products from production to market.

Blossoms By The Park—An Investment Perspective

Whether for investment or own-stay, Blossoms By The Park is worthy of serious consideration.

Firstly, for those buying for investment, they are unlikely to face a shortage of tenants due to the limited housing supply within One-North. The only existing developments in One-North are The Rochester (TOP 2011) and One-North Residences (TOP 2009). On the fringe of One-North, there are two older developments: Dover Parkview (TOP 2000) and Heritage View (TOP 1997).

Therefore, it’s not surprising that 85% of the units at One-North Eden were snapped up over its launch weekend in April.

Besides rental income, residential investments in One-North have shown excellent performance in terms of capital appreciation. Let’s look at the performance of One-North Residences and The Rochester since their launch.

Based on quarterly average prices, the highest prices for One-North Residences and The Rochester since their launches were S$1,605 psf (a 74% increase) and S$1,543 psf (a 19% increase) respectively. This demonstrates the significant investment potential of properties in One-North.

Furthermore, Blossoms By The Park is located in the heart of a vibrant high-tech, R&D, and innovation hub. The Singapore government has committed S$25 billion over the next five years to enhance R&D capabilities, solidifying One-North’s position as a leading “Silicon Valley” in Asia. It is expected that more global tech companies will set up operations here.

Coupled with its prime location, abundance of local and international schools, comprehensive amenities, and convenient public transport network with direct access to the CBD and downtown Singapore, it’s no wonder that One-North residences command a healthy average rental yield of 3.2% – 3.5%. This is higher than many prime locations in District 9, such as Orchard Road, Newton, and Novena.

However, do note that there may be competition from several new developments, including the 165-unit One-North Eden and the 1,862-unit Normanton Park. Both projects are expected to be completed in 2023. Additionally, there is another development near Blossoms By The Park with about 140 units that will be launched soon.

But Normanton Park is located next to Science Park I, on the fringe of One-North. Its location is less advantageous, being a 5-minute drive from the nearest One-North MRT station, so this development should not pose a direct threat.

From a long-term investment perspective, One-North will benefit from the transformations of the Greater Southern Waterfront and the western region—Jurong Lake District, Jurong Innovation District, and Tuas Mega Port.

After the transformation, this will be a vibrant community that integrates work, life, play, and learning. The enhanced infrastructure and leisure facilities will bring more job opportunities, while the development of green corridors and nature parks will improve the quality of life for residents.

As the transformation is still in its early stages, savvy property investors will prioritize properties like Blossoms By The Park.

Another highlight of Blossoms By The Park is its proximity to abundant greenery, creating a tranquil and green living environment for residents. Surrounded by classical colonial architecture and apartments, and complemented by the Rail Corridor, residents can enjoy a unique experience that combines modern technology, natural scenery, and classical architecture.

Blossoms By The Park is a medium-sized development with only 265 units, which has some limitations, but it offers a full range of convenient amenities that significantly enhance residents’ living standards.

Finally, with rising land prices and new projects in the Outside Central Region (OCR) reaching S$2,000 psf or higher, other Rest of Central Region (RCR) developments like Blossoms By The Park will become more attractive.

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