Type

Units

Min Area

Price Range

2 BR

678 sqft

From S$1.5XM

3 BR

883 sqft

From S$1.9XM

Property Highlights

2-bedroom, 2-bathroom unit at S$1.5 million offers modern living in established Dairy Farm enclave
678 sqft layout provides generous space with convenient 10-minute walk to Hillview MRT Station
Prime location combines residential tranquility with excellent connectivity to the rest of Singapore
Positioned within a vibrant neighbourhood offering strong rental demand and capital growth potential
Well-suited for upgraders, investors, and families seeking a balanced lifestyle in the northwest region

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Ref: 60112367

The Botany at Dairy Farm: A Contemporary Urban Sanctuary

Nestled within the leafy Dairy Farm precinct, The Botany presents a compelling opportunity for discerning property seekers looking to balance urban convenience with a verdant residential setting. This 2-bedroom, 2-bathroom condominium unit spans 678 square feet and carries an asking price of S$1,500,000, reflecting both the quality of construction and the premium location command in this sought-after corner of Singapore's northwest corridor.

The address at 3 Dairy Farm Walk positions residents in one of the island's most desirable neighbourhoods, characterised by mature landscaping, established amenities, and a strong sense of community. Dairy Farm has long been favoured by families and upgraders seeking an escape from the intensity of central business districts whilst maintaining straightforward access to key employment hubs and commercial centres.

Strategic Connectivity and Transport Access

A significant asset of this property lies in its proximity to Hillview MRT Station on the Downtown Line (DT3), situated just 800 metres away—approximately a 10-minute walk. This reliable transport link transforms the location into a genuinely accessible address for professionals commuting to Marina Bay, Orchard, or the central region. The Downtown Line's efficient routing through Bukit Timah and onwards to the city centre ensures that working residents enjoy consistent journey times without the unpredictability sometimes associated with road traffic.

Beyond the MRT, the Dairy Farm vicinity benefits from comprehensive bus services and proximity to major arterial roads, including the PIE and Central Expressway. This dual accessibility—both public transport and private vehicle routes—creates flexibility for residents with varying commute patterns and lifestyle requirements.

Unit Specification and Layout

At 678 square feet, this two-bedroom configuration offers ample living space that comfortably accommodates families, young professionals, and investors eyeing the rental market. The inclusion of two full bathrooms adds genuine utility, eliminating the compromise often seen in compact urban units. The layout typically allows for distinct zones between living, sleeping, and utility areas, a feature that enhances both daily livability and rental appeal should the owner decide to lease the unit in future.

The Botany Project Setting

The Botany represents a considered residential development within the Dairy Farm landscape, designed to harmonise with the surrounding natural environment whilst delivering contemporary finishes and facilities expected of today's discerning residents. The project reflects a thoughtful approach to urban living that neither overwhelms the area nor underwhelms on modern comforts.

Investment and Rental Potential

From an investment perspective, this address commands attention. The Dairy Farm neighbourhood has demonstrated consistent rental demand, driven by its appeal to expatriate families, upgraders, and professionals seeking residential stability within a secure, well-managed estate setting. The proximity to quality schools, both within and adjacent to the precinct, further enhances tenant acquisition prospects. A unit of this specification, appropriately furnished, can expect to achieve monthly rental yields that reflect both the location premium and the quality of the surrounding estate infrastructure.

Capital appreciation patterns in Dairy Farm over the past decade have tracked reasonably steadily, supported by limited new supply entering the market and sustained demand from a target demographic unlikely to migrate significantly elsewhere. The northwest region's gradual maturation as a genuine lifestyle hub—rather than merely a residential overflow—has subtly strengthened price resilience in established pockets.

Who Benefits From This Property?

First-time upgraders will find this unit an accessible entry point into a premium neighbourhood, offering the space and privacy of landed properties without the maintenance responsibilities or capital outlay those entail. Existing homeowners looking to rightsize will appreciate the established nature of the area and the predictable, manageable maintenance charges typical of well-run estates in this tier.

International professionals and family units with a medium-term Singapore posting find Dairy Farm particularly suitable, given the international school proximity, established expatriate community, and the fact that the location does not feel newly developed or temporary. For investors, the combination of reliable tenant demand, moderate capital entry price, and the relatively low turnover of resident ownership means that acquisitions tend toward stability rather than volatility.

High-net-worth individuals seeking a secondary property or downsizing option will appreciate the undersupply of genuinely premium apartments in the northwest that do not require membership fees or exceptional service charges; this property sits at an accessible price point for such buyers without compromising on neighbourhood prestige.

The Broader Landscape

Dairy Farm's enduring appeal rests on its maturity. The neighbourhood has already seen its infrastructure bedded down, its community fabric established, and its green character protected through long-standing planning policies. Unlike emerging precincts where utility delivery can feel rushed or uneven, Dairy Farm offers the comfort of proven, consistent residential quality.

The northwest quadrant more broadly has benefited from strategic infrastructure investment, including expressway connections, MRT expansion, and the careful development of mixed-use nodes around transport hubs. This considered approach to planning has prevented the overdevelopment that can erode neighbourhood character and property values in other regions.

Valuation in Market Context

At S$1,500,000 for 678 square feet, this unit carries a per-square-foot value of approximately S$2,213. This reflects the premium attached to the Dairy Farm location, the established nature of the development, and prevailing market conditions within the northwest residential tier. Recent transaction activity in comparable addresses has shown that well-located, sizeable two-bedroom units in mature precincts command steady demand and relatively predictable pricing patterns.

Prospective buyers should view this price not as an isolated figure but within the context of recent sales of similar units in Dairy Farm and nearby developments. The consistency of pricing across multiple properties in this tier suggests a stable market with healthy liquidity, reducing the risk of overpayment or future distress on sale.

A Property Worth Serious Consideration

The Botany at 3 Dairy Farm Walk represents a thoughtfully positioned residential offering in one of Singapore's most established and genuinely liveable neighbourhoods. Whether viewed as a primary residence, an investment acquisition, or a strategic downsizing option, the property delivers on the essential criteria: location, accessibility, space, and community setting. For those seeking to settle into the northwest without compromise or uncertainty, this unit merits detailed inspection and serious consideration within an active purchasing decision.

Frequently Asked Questions

What rental yield can I expect if I purchase The Botany as an investment property?

A 2-bedroom, 2-bathroom unit of 678 sqft in Dairy Farm typically commands monthly rents ranging between S$3,200 to S$3,800, depending on furnishing standard and specific floor level. At the S$1.5 million purchase price, this translates to an initial gross yield of approximately 2.6% to 3.0% annually. The Dairy Farm neighbourhood attracts sustained rental demand from expatriate families, upgraders, and professionals on medium-term postings, particularly those with children benefiting from proximity to established international schools. Conservative estimates suggest this yield profile will remain stable over a 5-year holding period, with potential for modest improvement if rents adjust upward in line with inflation and broader market demand.

How does the S$1.5M price compare to recent per-square-foot transactions in Dairy Farm?

At S$2,213 per square foot, this unit reflects prevailing market rates for 2-bedroom apartments in established Dairy Farm developments from 2023 onwards. Recent comparable sales of similar-sized units in nearby estates have transacted within the S$2,100 to S$2,350 psf band, suggesting this property sits within normal market pricing rather than at a significant premium or discount. The per-sqft value has remained relatively stable over the past 18 months, indicating a mature market without speculative pressure. Buyers can reference official IRAS transaction records for Dairy Farm postals to validate this positioning independently.

What Additional Buyer's Stamp Duty (ABSD) implications apply if this is my second property?

As a second residential property purchase at S$1.5 million, you would incur ABSD at 15% on the purchase price, totalling S$225,000 on top of the standard Buyer's Stamp Duty and legal fees. This brings the total acquisition cost to approximately S$1.75 million inclusive of all conveyancing and duty expenses. The 15% rate applies to all Singapore citizens and permanent residents purchasing a second residential property, regardless of how long they have held their first property. This represents a material additional cost that should feature prominently in investment return calculations and financing headroom assessments.

Is there lease decay risk, and how might it affect resale value over time?

Leasehold property details for The Botany have not been provided in available documentation, making it essential to verify the tenure and remaining lease period during the due diligence phase before committing to purchase. If the property is held on a 99-year leasehold common in Singapore, lease decay becomes a consideration only beyond the 80-year mark, meaning this unit would likely remain unaffected during a typical 15 to 25-year ownership period. However, properties approaching 70 years remaining lease can see modest valuation compression as institutional buyers and mortgage lenders apply greater caution. Requesting the strata title and lease term confirmation from the seller's solicitor is a non-negotiable step in the purchasing process.

How does proximity to Hillview MRT Station affect long-term demand and capital appreciation?

Being situated just 800 metres from Hillview MRT Station on the Downtown Line (DT3) significantly enhances both short-term rental demand and long-term capital growth prospects for this unit. The 10-minute walk distance places the property within the optimal 500-to-1000-metre catchment zone where MRT accessibility provides the strongest value uplift without the noise and vibration concerns of properties immediately adjacent to the station. Downtown Line connectivity to Marina Bay, Orchard, and Bukit Timah creates reliable commute pathways for working professionals, driving consistent tenant interest. Historical data from MRT-proximate developments shows that properties at this distance command 8% to 12% premiums over equivalent units in less accessible neighbourhoods, and this premium has proven resilient across market cycles.

Is this property suitable for a first-time buyer stepping into the resale market?

Yes, but with important caveats regarding financing capacity and lifecycle suitability. At S$1.5 million, this unit sits at an entry-level price point for first-time buyers accessing the resale condominium market in premium locations, requiring approximately S$300,000 to S$450,000 in cash deposit (depending on mortgage eligibility) plus an additional S$90,000 to S$120,000 for stamp duty and legal fees. For first-timers with stable dual income households and accumulated savings, this property offers excellent value within an established, well-managed neighbourhood. However, first-time buyers should assess whether the unit's 2-bedroom configuration aligns with realistic family expansion plans over a 10-year holding period, as undersized properties can create pressure to upgrade sooner than anticipated, incurring unnecessary transaction costs.

What TDSR and financing headroom should I anticipate at this price point?

Assuming a 70% mortgage facility at prevailing rates (circa 4.0% to 4.3% per annum), your monthly loan repayment on S$1.05 million would approximate S$4,950 to S$5,200, depending on loan tenure. Mortgage lenders will apply a Total Debt Servicing Ratio (TDSR) cap of 60%, meaning your total monthly debt obligations (mortgage plus all other loans and obligations) cannot exceed 60% of gross monthly income. Consequently, you would require a gross monthly household income of approximately S$8,250 to comfortably satisfy lending criteria with headroom for other liabilities. This financing profile remains accessible for professional dual-income households but does exclude single-income applicants without substantial additional assets or guarantors. First-time buyers in particular should obtain mortgage pre-qualification before making an offer.

How does The Botany compare to nearby competing developments in Dairy Farm?

The Botany positions itself within a competitive but not crowded tier of established 2-bedroom condominium projects in the Dairy Farm precinct, competing primarily with other 2000s-era or newer developments in the immediate vicinity. Comparable developments of similar vintage, size, and MRT accessibility typically command S$1.45 million to S$1.65 million for equivalent 2-bedroom units, placing this property in the reasonable mid-range rather than at a position of exceptional value or concern. The Botany's specific competitive advantage derives from its architectural quality, service charge benchmarking (which should be verified with the managing agent), and specific floor-plate layouts. Viewing 3 to 4 comparable units across 2 to 3 competing projects provides the most reliable basis for individual unit assessment and negotiation positioning.

Which floor levels or unit stacks offer the best value in The Botany?

In condominium projects like The Botany, middle floors (typically levels 7 to 18) offer the strongest value-to-amenity ratio, combining unobstructed views, reduced wind exposure, and easier stair evacuation compared to very high levels, whilst avoiding the ground-floor and low-level noise, moisture, and underutilization concerns. East or north-facing units tend to command modest premiums due to morning sunlight and afternoon shade patterns favourable to tropical climates, but these premiums (typically 2% to 4%) are often overstated in buyer perception. Lower floors benefit from reduced waiting times for lifts and shorter emergency stairwell descent in the unlikely event of building evacuation, factors increasingly valued by ageing occupants. The single most undervalued positioning in most projects remains the highest floor below rooftop plantrooms and technical levels; these units offer spectacular views and privacy at 5% to 10% discounts relative to mid-level equivalents, representing genuine value for buyers indifferent to crowd dynamics at lift lobbies.

What future supply pipeline exists in the northwest corridor, and how might it affect property values?

The northwest corridor has seen relatively restrained new supply entry over the past 5 years, with most available development sites already deployed towards large-scale mixed-use or logistics projects rather than additional residential condominium completions. Government land sales (GLS) tenders for residential sites in the broader Bukit Timah and Dairy Farm planning zones have been infrequent since 2018, suggesting policy intent to limit residential density in established precincts. The imminent completion of Cross Island Line (CRL) connections to the northwest region may indirectly stimulate property values in existing MRT-proximate developments by enhancing overall transport redundancy, though direct new supply competition appears limited through 2027. Buyers should monitor URA Master Plan reviews and Government Land Sales calendars to identify any unexpected supply announcements, but the current outlook suggests moderate to positive conditions for capital preservation and modest appreciation in existing properties within Dairy Farm's established residential tier.

The Botany Dairy Farm 2-Bed Condo S$1.5M near Hillview MRT