The recent launch of a 99 years leasehold condo called The Botany is situated near Glendale Park. It is developed by Sim Lian. It emerged at the top of seven bids at the close of the government land sale (GLS) tender and won the site for $347 million or $980 psf per plot ratio (psf ppr). The 386-unit The Botany at Dairy Farm, is expected to preview on Feb 18, with sales to start on Mar 4. There is even an article on Business Times: What's interesting is that the price starts at S$998,000 which is likely the smallest one room unit. From the article it says their one room unit size range from 507sq ft to 710sq ft. That means for S$998,000 you are buying a unit there at S$1,972 psf. The almost S$1000 psf premium to its cost is likely due to high construction cost and advertising. Lets look at the map to get a clearer picture:...