Sim Lian Group’s The Botany at Dairy Farm condominium was launched on 4th March 2023 (Sat) and was met with success – 187 of the 386 units, or almost half, were sold, averaging $2,070 per square foot (psf).
This is a 99 year leasehold new launch in the beautiful Dairy Farm area, just off Bukit Timah.
The project is located in District 23, near Hillview MRT Station, Dairy Farm Nature Park, Bukit Timah Nature Reserve, and Dairy Farm Mall.
All 36 of the project’s one-bedroom units and 93 per cent of its two-bedroom units were sold, with Singaporeans making up 85 per cent of all buyers. Permanent residents and foreign buyers accounted for 15 per cent.
In addition, over 20 per cent of the 175 three-bedroom units, 57 four-bedroom units and 14 five-bedroom units were taken up.
Why The Botany at Dairy Farm sells 48.45% of units on launch day
Investors are drawn to the one-bedroom units due to the nearby German European School, while owner-occupiers are attracted to the tranquil environment and its proximity to nature. This is reflective of the genuine demand for mass market homes, amid the limited unsold inventory of new private homes in the outside central region (OCR).
January was a slower start for developers’ sales of new private homes due to a gloomier economic outlook and higher interest rates and inflation. However, analysts predict transaction volumes may recover with a slew of new launches in 2023.
In the next few weeks, 275-unit Blossoms By The Park in Buona Vista and the 600-plus-unit Lentor Hills Residences are launching, followed by 638-unit Tembusu Grand and 807-unit The Continuum in the Katong area.
Also watch out for The Reserve Residences too.
