It will be turned into a prime development with 450 residential units and F&B shops.
The Urban Redevelopment Authority awarded the Dairy Farm road site to United Engineers for $368.8m, an announcement revealed.
The firm eyes to make the site into a prime development which will include 450 residential units, a childcare centre, supermarkets, food court, and food and beverage (F&B) and retail shops.
With a land area of 19,638 sq m, the site has a 99-year leasehold and is located near the Dairy Farm Nature Park and Bukit Timah Nature Reserve. It is also footsteps away from Hillview MRT station and is accessible via Bukit Timah Expressway (BKE) and Upper Bukit Timah Road.
“We are pleased to have been awarded this site and we intend to create a quality development leveraging on its attractive attributes including its proximity to lush greenery and retail amenities,” United Engineers executive chairman Zhong Sheng Jian said.
The firm’s subsidiary UED Residential has bested four other bids for the Dairy Farm Road which amounted from $228.81m to $364.89m.