Winning tender for Dairy Farm site hit $368.8m

It will be turned into a prime development with 450 residential units and F&B shops.

The Urban Redevelopment Authority awarded the Dairy Farm road site to United Engineers for $368.8m, an announcement revealed.

The firm eyes to make the site into a prime development which will include 450 residential units, a childcare centre, supermarkets, food court, and food and beverage (F&B) and retail shops.

With a land area of 19,638 sq m, the site has a 99-year leasehold and is located near the Dairy Farm Nature Park and Bukit Timah Nature Reserve. It is also footsteps away from Hillview MRT station and is accessible via Bukit Timah Expressway (BKE) and Upper Bukit Timah Road.

Also read: Highest bidder for Dairy Farm Road site offered $368m

"We are pleased to have been awarded this site and we intend to create a quality development leveraging on its attractive attributes including its proximity to lush greenery and retail amenities," United Engineers executive chairman Zhong Sheng Jian said.

The firm’s subsidiary UED Residential has bested four other bids for the Dairy Farm Road which amounted from $228.81m to $364.89m.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.
The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.
If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.