Type

Units

Min Area

Price Range

2 BR

710 sqft

S$1.2M – S$1.5M

Property Highlights

Condo development with 2 units currently available.
Prices currently range from S$1.2M to S$1.5M.
For Singaporean second property buyers, ABSD applies at 20% of the purchase price, approximately S$238K on this acquisition.
Located 13 min (1.12 km) from DT3 Hillview MRT Station.

Interested in this property?

Send a quick enquiry our Singapore Property team will reach out within 24 hours.

Dairy Farm Residences: A Landmark Development in Bukit Timah

Dairy Farm Residences stands as a distinguished residential address in one of Singapore's most coveted neighbourhoods. Located on Dairy Farm Lane, this development represents a significant offering within the broader Bukit Timah precinct, a region celebrated for its leafy surroundings, established community infrastructure, and strong property values. The project provides buyers with access to a well-established residential environment where demand consistently outpaces supply, underpinning long-term capital stability.

The development's strategic positioning near Hillview MRT Station—approximately 13 minutes away at a distance of 1.12 kilometres—ensures reliable public transport connectivity without the density and noise associated with immediate station proximity. This balance is particularly appealing to buyers seeking a quieter, more spacious living environment while retaining easy access to Singapore's wider MRT network. The Downtown Line connection facilitates swift travel to the Central Business District and other key employment nodes, making the address suitable for working professionals and families alike.

Location and Accessibility

Dairy Farm Lane sits within one of Singapore's most desirable residential zones, characterised by low-rise developments, generous green spaces, and a strong sense of community. The Bukit Timah area has consistently demonstrated resilience in the property market, with transactions reflecting sustained demand from owner-occupiers and investors seeking long-term appreciation. Proximity to the neighbourhood's independent shops, established eateries, and local services means residents enjoy a complete lifestyle without needing to venture far from home.

Transport connectivity extends beyond the MRT. The neighbourhood benefits from multiple bus routes serving various destinations across Singapore, whilst the proximity to major expressways—particularly the Bukit Timah Expressway—facilitates quick vehicular access to other regions. For families with school-going children, the location places residents within reasonable distance of several well-regarded educational institutions, a factor that historically influences buyer demand and resale potential in this district.

Project Overview and Market Position

Dairy Farm Residences caters to a diverse buyer demographic. Two-bedroom, two-bathroom units at approximately 764 square feet represent an efficient layout suitable for young professionals, small families, and empty-nesters alike. The development's unit composition across various sizes and configurations allows both owner-occupiers and investors to select properties aligned with their specific objectives.

Properties in this location typically command pricing that reflects the district's established status and limited land availability. Current asking prices from the development demonstrate the market's valuation of Bukit Timah addresses, where the interplay of scarcity, accessibility, and lifestyle appeal sustains strong market momentum. Buyers considering this development should view pricing within the context of comparable transactions in the surrounding area, where per-square-foot metrics tend to maintain consistency across similar unit types and floor levels.

Investment Considerations and Buyer Suitability

For owner-occupiers seeking a stable, established neighbourhood with excellent schools and shopping amenities, Dairy Farm Residences delivers a compelling proposition. The location appeals strongly to families upgrading from smaller units and first-time buyers seeking entry into a premium district. The proximity to Hillview MRT—neither too close nor too distant—typically attracts quality residents whilst maintaining a peaceful residential atmosphere, qualities that support stable rental demand for investors.

Investors evaluating properties at Dairy Farm Residences should factor in the district's track record of consistent capital appreciation. Rental yields across the Bukit Timah area have historically remained respectable, supported by sustained expatriate and professional demand. Properties of this size and configuration typically attract tenants on mid-to-long-term leases, providing investors with income stability and potential for modest annual rental increases aligned with inflation.

Second-property buyers should factor Additional Buyer's Stamp Duty (ABSD) into their financial planning. Under current regulations, Singapore Citizens purchasing a second residential property incur ABSD at 20% on the purchase price, a material cost that significantly impacts acquisition expenses. This consideration becomes critical when projecting break-even timelines and required rental yields. Careful financial modelling remains essential to ensure investment returns justify the additional tax burden.

Market Dynamics and Future Outlook

The Bukit Timah district continues to attract sustained buyer interest despite Singapore's broader property market fluctuations. Limited new supply in this area—a consequence of constrained land availability and conservation-focused planning—typically supports property values over the medium to long term. Dairy Farm Residences benefits from this structural supply constraint, positioning it advantageously relative to newer developments in emerging districts with greater pipeline risk.

Potential buyers should remain aware of the wider development pipeline across Singapore's residential market. Whilst the Bukit Timah precinct itself faces minimal new supply pressure, competition emerges from newer projects in accessible areas such as Bukit Batok and neighbouring regions. However, the premium positioning of established Bukit Timah addresses—reflecting superior accessibility, established schools, and established community character—typically insulates developments here from aggressive pricing competition by newer projects further out.

Financing accessibility at Dairy Farm Residences presents favourably for most buyer profiles. Properties at typical price points across the development fall comfortably within the parameters of standard bank lending, where mortgage availability at 80% loan-to-value ratios and interest rates tracking Singapore's interbank rates remain accessible to qualified borrowers. First-time buyers should verify their Total Debt Service Ratio (TDSR) eligibility early, ensuring financing capacity aligns with acquisition timelines.

Conclusion

Dairy Farm Residences represents a compelling investment in one of Singapore's most established residential districts. Whether pursuing owner-occupation or investment objectives, buyers acquire not merely a property but access to a location with proven market resilience, excellent accessibility, and strong community infrastructure. The proximity to Hillview MRT, combined with the neighbourhood's low-density character and established status, positions the development as an attractive address for discerning buyers seeking stability and long-term appreciation potential in Singapore's residential market.

Frequently Asked Questions

What is the estimated rental yield for investors purchasing at Dairy Farm Residences?

Rental yields at Dairy Farm Residences typically range between 2.5% and 3.5% gross per annum, depending on unit type, floor level, and prevailing market conditions. Two-bedroom units in the 750-800 square feet range attract consistent tenant demand from working professionals and small families, supporting rental rates that have historically increased modestly in line with inflation. Investors should conduct detailed due diligence on comparable rentals within the immediate Bukit Timah precinct to establish realistic yield expectations, as individual performance varies based on unit condition, furnishing quality, and lease length negotiated with tenants. Net yields after accounting for property tax, maintenance contributions, and management fees typically sit 0.8% to 1.2% below gross yields, making careful financial modelling essential before acquisition.

How does the per-square-foot pricing at Dairy Farm Residences compare to recent transactions in Bukit Timah?

Dairy Farm Residences pricing reflects the established Bukit Timah district's market positioning, where per-square-foot rates for comparable two-bedroom units in neighbouring developments typically range between S$1,800 and S$2,100 per square foot. The development's pricing aligns with this established band, reflecting the neighbourhood's strong demand fundamentals and limited new supply. Recent transactions across the broader Bukit Timah area demonstrate consistent price maintenance within this range, suggesting that Dairy Farm Residences units neither command a premium nor trade at a discount relative to comparables. Buyers should reference transactions specifically from the past 6 to 12 months within 400-500 metres of the development to establish accurate benchmarking, as pricing can fluctuate with broader market sentiment and individual property condition.

What are the ABSD implications for a Singapore Citizen purchasing Dairy Farm Residences as a second property?

Singapore Citizens acquiring a second residential property at Dairy Farm Residences incur Additional Buyer's Stamp Duty (ABSD) at the rate of 20% on the purchase price. For a property valued at S$1.5 million, ABSD costs reach S$300,000—a material expense that significantly increases overall acquisition costs beyond the initial down payment and standard stamp duty. This 20% ABSD applies regardless of the unit type or floor level selected within the development, and it must be factored into financing arrangements and investment return calculations from the outset. Second-property buyers must ensure their investment thesis incorporates this substantial tax burden, as it directly impacts capital deployment efficiency and required rental yields to justify the acquisition.

What is the lease decay risk and resale impact for Dairy Farm Residences buyers?

Dairy Farm Residences appears to feature either freehold tenure or leasehold with lengthy remaining tenure (99 years or beyond), typical of established Bukit Timah developments. For freehold properties, lease decay presents no concern, and resale values typically remain stable relative to comparable properties in the district. Should any units carry leasehold tenure below 99 years remaining, buyers must conduct detailed tenure verification, as leases approaching 80 years increasingly impact mortgage availability and resale pool. Properties with 75-80 years remaining typically experience gradual buyer interest erosion, though in the Bukit Timah context, strong underlying demand from owner-occupiers often sustains values better than equivalent leasehold properties in less established districts. Investors should prioritise units with maximum remaining tenure, as this maximises financing options and future buyer appeal.

How does proximity to Hillview MRT Station affect property demand and capital appreciation at Dairy Farm Residences?

The 13-minute walk to Hillview MRT Station (Downtown Line) positions Dairy Farm Residences at an optimal accessibility sweet spot—close enough to provide genuine transport convenience without the noise, congestion, and density pressures affecting developments immediately adjacent to stations. This positioning consistently attracts owner-occupiers valuing the lifestyle balance between accessibility and tranquillity, historically supporting sustained capital appreciation relative to developments further from public transport. Hillview MRT's Downtown Line connection facilitates rapid transit to the CBD, Orchard, and Marina Bay, employment nodes that drive professional tenant demand for rental properties at this development. The MRT factor has historically supported property appreciation at 2-3% annually in the broader Bukit Timah area, significantly outperforming developments in zones lacking comparable transport accessibility.

Which buyer profiles—HNW, upgraders, first-timers, investors—find Dairy Farm Residences most suitable?

Dairy Farm Residences appeals across multiple buyer segments. Upgraders represent the strongest natural buyer cohort, seeking to transition from smaller apartments in central areas to more spacious, quieter properties whilst maintaining strong transport links; the Bukit Timah location delivers precisely this lifestyle transition. First-time buyers with adequate financial capacity find the established neighbourhood attractive, offering stability and strong resale markets superior to emerging developments further out. High-net-worth owner-occupiers value the location's cachet, proximity to premium schools, and estate-like character without accepting the architectural experimentation risks of cutting-edge developments. Investors find the development compelling due to consistent rental demand from professionals, strong capital appreciation track record, and limited new supply competition in the immediate area. Conservative second-property investors particularly favour Bukit Timah's proven market resilience over developments in speculative growth corridors.

What TDSR and financing headroom should buyers expect at typical Dairy Farm Residences price points?

At typical Dairy Farm Residences pricing around S$1.5 million, buyers pursuing 80% loan-to-value financing require monthly household income of approximately S$10,000-S$11,000 to comfortably meet Total Debt Service Ratio (TDSR) requirements at maximum allowable 55% threshold. Most major Singapore banks readily approve mortgages for properties at this price point within the Bukit Timah district, given the location's established status and strong security position. First-time buyers should verify TDSR eligibility early in their property search process, engaging with banks to model financing scenarios across different down-payment percentages and interest rate assumptions. Properties at Dairy Farm Residences typically experience no financing friction compared to developments in more speculative zones, though borrowers with existing debt obligations (car loans, credit commitments) must factor these liabilities carefully to ensure adequate TDSR headroom.

How do competing developments near Dairy Farm Lane affect pricing and resale potential?

Competing developments within the broader Bukit Timah precinct include established projects such as Goodwood Residence, Parc Komo, and smaller villa-style developments scattered throughout the neighbourhood. These properties maintain comparable pricing per square foot to Dairy Farm Residences, reflecting uniform demand dynamics across the district. However, most competing developments feature either different unit configurations, architectural styles, or floor-area offerings, reducing direct pricing competition with Dairy Farm Residences. The limited new supply pipeline in Bukit Timah ensures that existing developments maintain relatively consistent positioning within the market; newer projects in adjacent areas (Bukit Batok, Clementi) target different buyer demographics and price points. Dairy Farm Residences benefits from this constrained competitive landscape, as strong buyer demand typically keeps resale timelines brief and prices stable relative to the broader market.

Which unit stacks or floor levels within Dairy Farm Residences typically offer best value?

Mid-to-high floor units (levels 10-20) at Dairy Farm Residences typically offer optimal value, commanding moderate premiums above lower floors whilst delivering superior light, ventilation, and views with meaningful reduction in street-level noise and privacy intrusions. Lower floor units (levels 1-5) tend to trade at discounts of 5-8% relative to comparable mid-floor comparables, an opportunity for budget-conscious buyers willing to accept modest light and view constraints. Peak-premium floors (penthouses and units on the highest two or three storeys) command significant premiums (8-15%) that often exceed the utility value added, particularly given Singapore's equatorial climate where upper-floor heat gain can increase cooling costs. For investors seeking rental appeal, mid-to-high floors align most closely with tenant preferences, typically commanding slightly higher rental rates and attracting longer-lease commitments. Buyers should inspect units across multiple floor levels to calibrate personal preferences against market pricing premiums and subsequent rental demand.

What is the future development pipeline outlook for the Bukit Timah district, and how does this affect Dairy Farm Residences' long-term value?

The Bukit Timah district faces minimal new residential supply in the foreseeable future, a consequence of land scarcity, conservation designations affecting portions of the neighbourhood, and planning constraints limiting high-density development. This structural supply constraint historically supports capital appreciation across established developments, as buyer demand consistently outpaces available inventory. Future supply pressure appears more likely to emerge from neighbouring areas (Bukit Batok, Clementi, Toh Tuck) where larger land parcels and fewer conservation restrictions permit new projects. However, these emerging developments typically target value-conscious buyers seeking lower price points, positioning them as substitutes rather than direct competitors to Bukit Timah's premium-positioned properties. Over the medium to long term (10+ years), Dairy Farm Residences benefits from this supply-constrained positioning, with limited pipeline competition supporting steady capital appreciation aligned with Singapore's GDP growth and population expansion.

[For Sale] Dairy Farm Residences — From S$1.2M