The strong response shows the enthusiasm of buyers for private homes. Potential buyers remain optimistic about the potential for property appreciation in the area, while strong rental returns from private homes further boost their confidence in making a property investment.

The Botany at Dairy Farm is located in Dairy Farm Walk, less than a 10-minute walk to Hillview MRT station on the city line.

The 99-year leasehold condominium development consists of five residential towers ranging from 9 to 15 storeys and spanning 168,597 square feet. There are a total of 386 residential units in the development, ranging from one to five bedroom flats, with sizes ranging from 506 to 1,765 square feet.

Prices start at $998,000 ($1,972 per sq ft) for a one bedroom plus den; $1,200,000 ($1,990 per sq ft) for a two bedroom unit; $1,730,000 ($1,959 per sq ft) for a three bedroom unit. Four-bedroom units start at $2.39 million ($1,882 per square foot) and five-bedroom units start at $2.88 million ($1,871 per square foot).

The development is scheduled to open for sale on March 4.

The Botany at Dairy Farm is just a three-minute walk from Dairy Farm Nature Park and the underground is just a three-minute drive from the development. Many home buyers today want to be close to nature and people are placing more emphasis on greenery and the happiness of being close to nature.

Landscaping and flat facilities occupy 70% of the land within the development and include five swimming pools, a tennis court and a large clubhouse. The clubhouse features co-working spaces for working from home, a multi-purpose hall, a gym and an open terrace overlooking the pool.

The developer has also integrated private corners and open-air public spaces within the landscaped areas. There is also a parcel collection station, a catering facility for those wishing to entertain guests and a wellness area, with more private and green spaces planned within the development.

The development is only an eight to nine minute walk from Hillview MRT station on the city line. From there it is just two stops to Bukit Panjang MRT station, an integrated transport hub with a LRT station and bus interchange, and just two stops from the future Beauty World integrated transport hub.

There are also direct buses to Orchard Road, Somerset area, Woodlands, Marine Parade and Eunos. Residents will enjoy a year-long free feeder bus service to the Bukit Panjang integrated transport hub connected to Hillion Mall. Developed by Sim Lian, Hillion Mall opened in 2017 as part of a mixed-use development that includes the 546-unit Hillion Residences.

With Hillview MRT station less than a 10-minute walk away and the Bukit Timah Expressway a 3-minute drive away, connectivity to different parts of the island is seamless and convenient.

Strong interest is expected in the one- and two-bedroom units. Attractive for investors who are looking for rental potential.

The units have been designed with efficiency and liveability in mind. The attraction of the two-bedroom units is the dumbbell design floor plan and the enclosed kitchen. The communal bedrooms in the two to four bedroom units can comfortably accommodate queen size double beds.

With all the Dairy Farm Residences near the area sold, there is no other new housing supply nearby. Prices for the project, which was granted a Temporary Occupation Permit (TOP) in 2022, have increased by 20% from the initial launch.

With the launch of the executive flats now priced at over $1,350 per square foot, buyers are considering $2,000 per square foot to be a "reasonable price" for a 99 year rental flat in the new suburb. Being one of the first buyers of the new launch also ensures greater potential for capital appreciation.

Interested buyers of The Botany at Dairy Farm are also confident that the development will appreciate in the future. This is because the nearby residential development site is not yet available for sale. The future development is expected to be launched at a higher price point.

The project will mainly appeal to Singaporean homebuyers. It is expected that at least 50% of the units will be sold at the launch weekend in early March.

Any project launch that achieves 50% of sales in the first weekend is considered a success, especially with higher prices, higher mortgage rates and higher buyer's stamp duty.