Dairy Farm Walk GLS Site Top Bidder Is Sim Lian Group

At the close of the tender on 8th March 2022, a total of 7 bids came in for 99-year leasehold Dairy Farm Walk GLS site. The top bid came from Sim Lian Group at S$347 million which equates to S$980 per square foot per plot ratio (psf ppr).

Dairy Farm Walk GLS Site

credit:ura

Dairy Farm Walk GLS Bid Table

credit:ura,developer,consultants

ESTIMATED LAUNCH PRICE OF DAIRY FARM WALK GLS:

It is estimated that the launching price could be $1,880 – $1,980 per square foot (psf) according to Nicholas Mak, ERA head of research. This Dairy Farm Walk site is 354,060 sqft in size and can yield approximately 350 – 400 apartment units.

Sim Lian’s recently sold-out development, Treasure at Tampines, is an en bloc of the former Tampines Court. It consists of 2203 residential units launched 3 years ago in February 2019.

Dairy Farm Residences is in the vicinity of Dairy Farm Walk URA GLS site. It is developed by the 2nd bidder, United Engineers Ltd. This condo was launched in 2018 and is 95% sold now.

Low New Condo Launch Stocks

Unsold new residential stocks as of 4th quarter 2021 last year has dropped to a dangerously low level of 14,333 units. Hence, developers are very keen to bid to replenish their land banks.

Here are some more new Singapore new condos to look out for in the west, namely Forett at Bukit Timah by QingJian, Verdale by CSC Land Group & COHL Singapore, Mayfair Gardens by Oxley Holdings, Mayfair Modern by Oxley Holdings, Phoenix Residences by OKP Holdings Pte Ltd and the upcoming The Arden by QingJian estimated to launch in the 1st quarter of March, 2022.

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Source:edgeprop