THE Urban Redevelopment Authority (URA) has launched a residential site at Dairy Farm Walk for sale via public tender on Thursday (Oct 21).
Spanning 15,663.2 square metres (sq m), the parcel has a maximum gross floor area of 32,893 sq and an expected yield of about 385 units.
Its maximum building height is 85 metres Singapore height datum (SHD) in the medium-rise zone, and 69 metres SHD in the low-rise zone.
According to Lee Sze Teck, senior research director at Huttons Asia, this would give north-facing high-floor unit owners a view of the Chestnut Avenue Good Class Bungalow Area out their windows. Meanwhile, south-facing higher-floor units would look to the surrounding greenery.
“The positive sentiment in the market, developers’ keenness to replenish land banks, limited new supply in the area and other good locational attributes will contribute to keen interest in the site,” he said.
“It may attract up to 8 bidders and a top bid of between S$900 and S$1,000 psf ppr (per square foot per plot ratio),” Lee added.
source: The Business Times
