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Condo prices · D23

Dairy Farm Residences

Dairy Farm Lane · D23 · Outside central region · Apartment

The median sale at Dairy Farm Residences was $1,344,100 — $1,696 psf — across 261 transactions between Oct 2021 and Oct 2026. 99-year lease from 2018.

Median price
$1,344,100
261 sales in the window.
Median per sq ft
$1,696 psf
Median unit 764 sq ft.
Lease remaining
91 years
99-year lease from 2018

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,231
$1,344,100 over 91 years remaining.
Per sq ft per year
$19.33
What a square foot of this development costs for one year of lease.
Lease expires
2117
8 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

New sales, sub-sales and resales

A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.

Kind of saleMedian pricePer sq ftSales
New sale$1,326,150$1,673 psf190
Sub-sale$1,400,000$1,827 psf67
Resale$1,277,944$1,731 psf4

Year by year

The median moved up 8 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 2021103 sales$1659
  • 202286 sales$1686
  • 2023three sales$1890
  • 202416 sales$1848
  • 202536 sales$1830
  • 202617 sales$1794
Show the figures
YearMedian pricePer sq ftSales
2021$1,306,600$1,659 psf103
2022$1,342,800$1,686 psf86
2023$1,420,000$1,890 psf3
2024$1,775,000$1,848 psf16
2025$1,342,500$1,830 psf36
2026$1,680,000$1,794 psf17

What it rents for

URA’s median of rental contracts lodged at Dairy Farm Residences in 2026Q3, per square foot per month.

Median rent per sq ft
$5.07
A month. Middle half of contracts ran $4.85 to $5.27.
Gross yield
3.59%
A year of median rent against the median sale price.
Median sale per sq ft
$1,696 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D23

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.