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Condo prices · D23

The Dairy Farm

Dairy Farm Road · D23 · Outside central region · Condominium

The median sale at The Dairy Farm was $2,340,000 — $1,592 psf — across 30 transactions between Dec 2021 and Sept 2026. Freehold.

Median price
$2,340,000
30 sales in the window.
Median per sq ft
$1,592 psf
Median unit 1,453 sq ft.
Lease remaining
Freehold
Freehold

What it costs per month of lease

The Dairy Farm is freehold, so there is no lease to divide by and no expiry to discount towards. That is the whole of what a buyer is paying the freehold premium for. It runs about a tenth over leasehold on resales in the core central region and in the suburbs, and the city fringe reads the other way. Why that is, and why the national figure is bigger and worse.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021one sale$1568
  • 2022three sales$1441
  • 2023seven sales$1561
  • 2024eight sales$1613
  • 2025six sales$1583
  • 2026five sales$1681
Show the figures
YearMedian pricePer sq ftSales
2021$2,380,000$1,568 psf1
2022$2,800,000$1,441 psf3
2023$2,100,000$1,561 psf7
2024$2,259,000$1,613 psf8
2025$2,808,000$1,583 psf6
2026$3,150,000$1,681 psf5

What it rents for

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

Median rent per sq ft
$3.18
A month. Middle half of contracts ran $2.96 to $3.46.
Gross yield
2.40%
A year of median rent against the median sale price.
Median sale per sq ft
$1,592 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.