Dairy Farm Residences Review — Dairy Farm · D23
HuatScore: 66/100 — Good
Is Dairy Farm Residences a good buy?
HuatScore rates Dairy Farm Residences 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: Sensible price gap. 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
- Completed: 2022
- Units: 460
- Developer: United Engineers
- Avg PSF: ~$1,775 psf
- Price from: S$1.0M
Live market data
- Resale transactions (12mo): 13
- Recent resale PSF: ~$1,800 psf
- PSF vs district resale benchmark: -2%
- Gross rental yield: 3.4%
What works in its favour
- Sensible price gap: PSF sits 2% below the local resale benchmark — you are buying under the established market rather than ahead of it.
- 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 204 HDB blocks total within 2km). Narrow pool to absorb your resale — demand leans more on private-market churn here.
Who Dairy Farm Residences 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
34 resales in a year, #3 in D23 — liquid. No MRT within walk — bus or car life ah.