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About Dairy Farm Road Site
Dairy Farm Road is one of the in-demand sites that has been launched in the tender. The site which has been the home of the Dairy Farm Estate has been listed to yield a mixed-use or residential development that will house an array of elegant and cozy units. This area has a foreseeable future to break records of sale. The name of the new project will be “Dairy Farm Residences“.
The Dairy Farm Road has been the home of about 477 residential and 10 retail shops. The area is estimated to reach about $2.1 Billion or more. Eyed to put a record-breaking huge sale to the list of en bloc sites, this property surely has its potential to reach its mark.
The said site has a great potential to beat the record holder Farrer Court with a sale of $1.34 Billion with its asking price of potentially $1.68 Billion.
The Dairy Farm Road is holding a freehold tenure with a land area of 750,019 square feet. With its massive land size, various potential ROI yielding estates can be constructed on the site. Both residential and mixed-use developments have an excellent potential for high rental yield in the area as it is well surrounded by a fabulous array of modern establishments that provide essential services to the residing community.
Dairy Farm Road Condo Location
The Dairy Farm Road can be found in one of the most serene areas in District 23. The area has a refreshing and nature-like vibe as it is just across from the Bukit Timah Nature Reserve. It is within walking distance from various nature parks that surround the property which include Chestnut Nature Park and Petir Park.
Getting your shopping needs is as convenient as you can imagine. Different shopping malls, as well as supermarkets, are within an accessible distance from the property. Some of the businesses within the area are The Rail Mall, HillV2, Hillion Mall, Bukit Panjang Plaza and Greenridge Shopping Centre.
Within a few minutes, drive are renowned schools that offer high-quality education. These schools have been distinguished for their faculty members who aim and help students reach their goals. Educational institutions like Bukit Panjang Primary School, St. Francis Methodist School, Assumption Pathway School, Arts Kidz International Pre-school, Singapore Korean International School, and Yusof Ishak Secondary School. Both local and international educational institutions provide a well-deserved education to its students.
The surrounding area of the property is linked by the Bukit Timah Expressway (BKE), Bukit Panjang Road, and Upper Bukit Timah Road. These roads allow for convenient driving travel for private vehicle owners without too much hassle. Additionally, the site is within a few minutes walk from the Hillview MRT which serves commuters with excellent comfort in travel.
Transport at Dairy Farm Road
- Hillview MRT
- Bukit Timah Expressway (BKE)
- Kranji Expressway (KJE)
Top 5 Local Gourmet
- Tenryu Japanese Dining
- Starker Bistro
- Rm Springleaf Prata Place
- New Ubin Seafood
- Cacio e Pepe Italian
- St. Francis Methodist School
- Rail Mall
- Cold Storage
About the Developer
The site for Dairy Farm Road New Condo is expected to receive a generous number of developers to bid on the site. It has 750,019 square feet land area which can possibly yield about 1.58 million square feet gross floor area (gfa) which is ideal for mixed developments.
A lot of top-notch buyers are eyeing to acquire the site exhibits a plausible sale when it is finished. Its proximity to various institutions as well as the accessibility it has to and from different areas in the country gives it an exemplary potential for a high rental yield. Not to mention that it is within a proximate distance to the country’s Central Business District (CBD).
Like any other sites in the tender, the developer will surely build a remarkable development in the area.
Potential of the Site
The site of Dairy Farm Road New Condo has a promising potential for a fabulous development. With a huge land area of 750,019 square feet, it can yield a mixed development with a huge range of residential and commercial units. The allowable gross floor area of the development can potentially reach around 1.58 million square feet. With an exceptionally huge floor area, the future development it the site will undeniably bring great comfort to its future inhabitants.
The property can also potentially yield a range of resort-like facilities such as a lap pool, car parking space, children’s playground, a capacious viewing deck and a lot more. Elegant and well-spaced units both for residential and commercial use will be ideal for this site. Ideally, an estimated 1,500 apartment units can be yielded by the site with a floor area of up to 1,000 square feet per unit.
The proximity of the site to an extensive array of establishments that are essentially convenient for the occupant’s lifestyle. Distinguished schools and international institutions are within the immediate vicinity giving the occupants a great list of school options to choose from. The nearness of shopping malls and other major offices and businesses provides a metropolitan vibe to the area.
Estimated, the property will be a huge success. Considering the location and its nearby amenities, the site has an estimated $1,550 psf breakeven price.
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Review of Dairy Farm Road New Condo
Dairy Farm New Condo
Dairy Farm Road is one of the in-demand sites that has been launched in the tender. The site which has been the home of the Dairy Farm Estate has been listed to yield a mixed-use or residential development
Product SKU: Dairy Farm New Condo
Product Brand: Property Review
Product Currency: SGD
Product Price: 1880000
Product In-Stock: InStock