Private home site at Dairy Farm set to be snubbed

They'd be so lucky to get at least half of the projected selling price of $1,150 to $1,200 psf.

Here's from Knight Frank:

This site is easily accessible via Bukit Timah Expressway (BKE) and the future Hillview MRT station, with close proximity to many schools such as Chestnut Drive Secondary School, CHIJ Our Lady Queen of Peace, St. Francis Methodist School, Assumption Pathway School and Bukit Panjang Primary School. Moreover, the future development will enjoy relatively unblocked views with the neighbouring landed housing estates serving as a buffer, together with the tranquillity of nature near Dairy Farm Nature Park and Central Catchment Nature Reserve.

However, we expect interest for this site to be moderate with up to 6 bidders, given the existing unsold inventory of about 1,070 units from the nearby developments, in the Hillview and Chestnut Avenue areas.

Expected winning bid : $550 to $590 psf ppr

Expected selling price: $1,150 to $1,200 psf

Expected number of bidders: 4 to 6 bidders

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