The sale by public tender of residential site at Dairy Farm Walk has been launched with a 15,663.2 sqm (168,599 sq ft) which is a 99-year leasehold site yielding maximum gross floor area (GFA) of 32,893 sqm (354,060 sq ft), and has the potential to build a 385-unit development.
The land parcel has a plot ratio of 2.1 is one of the few plots in the area which has the potential maximum height of 85m for a medium-rise project or 65m SHD for a low-rise development.
This will translate that for all north-facing units on the higher floors, these units will potentially enjoy unblocked views of the Chestnut Avenue Good Class Bungalow area, while higher-floor, south-facing units will face the greenery. The site is located in a quiet residential enclave close to nature and greenery and this site is next to the German European School Singapore campus and a 10-minute walk to the Hillview Station on the Downtown Line.
the surrounding area has a new condo launch which is the 460-unit Dairy Farm Residences by United Engineers Ltd and to date, 244 units have been sold over the three months period from August to October. Based on URA data, the Dairy Farm Residences original site was bought from government land sale (GLS) in Sept 2018 and UEL had won the site at Dairy Farm Road with the highest of five bids at $368.8 million or $830 psf per plot ratio (psf ppr) for the site.
The positive sentiment in the market had attracted developers’ keenness in replenishing land bank, with limited new supply in the area and other good locational attributes will contribute to keen interest in the site.
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