The Botany at Dairy Farm Review — Dairy Farm · D23
HuatScore: 66/100 — Good
Is The Botany at Dairy Farm a good buy?
HuatScore rates The Botany at Dairy Farm 66/100 — a "Good" verdict. That makes it a conditional buy for value-focused buyers comfortable with the location tradeoff and patient own-stay owners. Strongest card: Both anchors locked in. Main watch-out: Thin transaction volume. Pricing is reasonable for the location at current market.
Last updated 2026-08-03 · scored against URA caveat data.
Key facts
- Verdict: Good
- Region: Outside Central Region
- Tenure: 99-yr leasehold
- Expected TOP: 2026
- Units: 386
- Developer: Sim Lian Group
- Avg PSF: ~$2,050 psf
- Price from: S$1.0M
Live market data
- Resale transactions (12mo): 13
- Recent resale PSF: ~$1,870 psf
- PSF vs district resale benchmark: +14%
- Gross rental yield: 3.3%
What works in its favour
- Both anchors locked in: 578m to CHIJ OUR LADY QUEEN OF PEACE and 700m (~9-min walk) to Hillview MRT (Exit A). Strictly within the P1 1km zone, plus walkable to the nearest MRT entrance. This is the non-negotiable demand anchor — kiasu parents AND yield-chasing investors are both your buyers.
- Sensible price gap: Launch PSF only +14% above local resale benchmark. Headroom for capital appreciation intact.
- 3-bedder × investment — appreciation sweet spot: Sells into the deepest pool — owner-occupier families. That demand floor drives durable capital appreciation. The investor default for total return, not just headline yield.
What to watch out for
- Thin transaction volume: Only 13 resale deals in the past year. Equity trap risk — when you want to exit, very few buyers to anchor against.
- Thin future upgrader pool: Live count: 0 HDB blocks within 2km cross the 5-year MOP between 2025 and 2028 (of 208 HDB blocks total within 2km). Narrow pool to absorb your resale — demand leans more on private-market churn here.
Who The Botany at Dairy Farm suits
- Value-focused buyers comfortable with the location tradeoff
- Own-stay buyers or patient long-term investors not dependent on yield
- Forward-looking buyers comfortable waiting for precinct transformation to deliver
Who should look elsewhere
- Buyers hunting deep relative value — the market has already priced in most of the story
- Short-term flippers — stamp duty + agent fees demand a 5-year minimum hold
- Buyers wanting a guaranteed top-tier primary within 1km walking distance
Huat Kueh says
#3 of 64 in D23 for resale volume — this one moves. 54 of 61 sub-sales below launch — early birds bleeding.