The Dairy Farm Subzone is located in the Bukit Panjang Planning Area, which is bordered to the east by the Central Water Catchment Planning Area and to the west by both the Bukit Batok and Choa Chu Kang Planning Areas.
The Sungei Kadut Planning Area is to the northern region of the Bukit Panjang Planning Area, while the Bukit Timah Planning Area is to the south.
The Bukit Panjang Planning Area is notable for its extensive green space, which includes parks such as the Rifle Range Nature Park, Dairy Farm Nature Park, and the Bukit Timah Nature Park.
Bukit Panjang is also an ideal neighbourhood for nature lovers due to its proximity to the Bukit Timah Nature Reserve and the central water catchment area.
Bukit Panjang has a total of 3 MRT stations situated along the Downtown Line (DTL), namely Bukit Panjang MRT station, Cashew MRT station, and Hillview MRT station, which connect to the rest of Singapore.
The Bukit Panjang MRT Station also serves as an interchange to the Bukit Panjang LRT network. The Bukit Timah Expressway (BKE) also stretches across a section of the overall planning area.
The URA has laid out plans for the western region of Singapore and the Bukit Panjang precinct that will help to transform the Dairy Farm subzone.
Tuas Port, together with the Jurong Innovation District (JID) will continue to drive the western region as Singapore’s manufacturing hub.
The Jurong Lake District is on track to become Singapore’s largest mixed-use business district outside of the city centre, with offices, residential developments, commercial spaces, and also other amenities.
Future developments will incorporate parks and nature spots, which includes the adjacent Jurong Lake.
The Botany at Dairy Farm is a 99-year leasehold condominium project in District 23 and one of the most recent new developments in the Bukit Panjang Planning Area.
This under-construction development has 386 residential units and is also located within the Dairy Farm area.
The upcoming condo is directly across the street from the German European School Singapore and the Dairy Farm Nature Park.
It is also within a short walk to Hillview MRT Station and drive from the BKE.
Dairy Farm Mall, which is expected to attain its TOP later on this year, is also just across.
The Botany at Dairy Farm had a 48 per cent take-up rate when it first opened in March, with a median price of $2,070 psf.
The take-up rate then increased to 53.9 per cent by June, demonstrating the program’s popularity among homebuyers.
According to the sales transactions lodged over the last 12 months, The Botany at Dairy Farm’s average price outperforms leasehold counterparts within a 1km radius.
Eco Sanctuary has the highest median psf price of $1,485 among its nearby completed condominiums.
Nonetheless, The Botany at Dairy Farm’s average price ($2,075 psf) is 28.4% higher, which is to be expected given that prices for new condominiums are generally higher than resale prices for older ones in the same area.
Furthermore, the price disparity observed between the current median prices for new launch condo units and resale units of 99-year leasehold condos within the same area aligns closely with the price disparity observed between The Botany at Dairy Farm and resale homes among its neighbouring projects.
In particular, the current median psf price for new units in Bukit Panjang is $2,061, which is 30.2 per cent higher than the current median price for resale homes in the same area, which is $1,439 psf.
The completion of Hillion Mall has added amenities and also vibrancy to the neighbourhood, and the upcoming Dairy Farm Mall is expected to have a similar impact.
Hence, The Botany at Dairy Farm residents will certainly benefit as they will be located just a short walk from the Dairy Farm Mall.
In addition, 2 future MRT lines are planned to improve connectivity for area residents.
These transformations will not only bring attention to the area, but will also increase residential prices and rents.
Astute homebuyers might want to jump on the chance to buy a property nearby and get the benefits of being the first ones to do so.