CommercialRESIDENTIALFreeholdDistrict 23 · Bukit Panjang

The Dairy Farm

Reviewed by Nathan TangUpdated 10 November 2026Data through Jul 2015

Quick Summary

The Dairy Farm is a commercial building in District 23 · Bukit Panjang, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 2.1. It is freehold. 13 transactions are on record since 1995, at a median S$547 psf, most recently in Jul 2015. ACRA records 5 live company registrations at this address.

The facts are here — now get the verdict on The Dairy Farm.

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What are the key facts about The Dairy Farm?

Key takeawayThe Dairy Farm is a commercial building in District 23 · Bukit Panjang, zoned RESIDENTIAL, held freehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 2.1
Tenure: Freehold
District / Area: District 23 · Bukit Panjang
Address: 17 Dairy Farm Road
Land area: 64,661 sqm
Completed: Not on record
Storeys: 9 (© OpenStreetMap contributors)
Submarket: Suburban
Units with a recorded sale: At least 7
Transactions on record: 13 (records start 1995)
Live listings: None
ACRA registrations: 5

About The Dairy Farm

The Dairy Farm is a mixed-use building in Bukit Panjang (District 23). It is located along Dairy Farm Road, Singapore 679043.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 2.1.

The site is freehold. It occupies roughly 64,661 sqm of land with about 135,788 sqm of gross floor area.

13 transactions have been recorded here, at a median of S$547 psf. The most recent was in July 2015.

15 businesses are currently registered at this address with ACRA.

The nearest MRT is Hillview MRT, 410 m away (about a 6-minute walk). The closest bus stop (Aft Dairy Farm Cres) is 183 m away (about a 3-minute walk).

What is The Dairy Farm zoned as?

Key takeawayThe Dairy Farm sits on land zoned RESIDENTIAL with a gross plot ratio of 2.1.

Land-use zone: RESIDENTIAL
Gross plot ratio: 2.1
Urban design area: Dairy Farm Area

Run the full zoning report for this building →

What has The Dairy Farm sold for?

Key takeawayAcross 13 recorded transactions since 1995, the median price is about S$330k, most recently in Jul 2015.

Date	Use	Price	Area	PSF
Jul 2015	Retail	S$1.00M	603 sqft	$1,659
Mar 2014	Retail	S$420k	441 sqft	$952
Dec 2010	Retail	S$432k	441 sqft	$979
Sept 2010	Retail	S$350k	603 sqft	$581
Jul 2008	Retail	S$320k	441 sqft	$725
May 2008	Retail	S$280k	441 sqft	$634
Jul 2006	Retail	S$298k	603 sqft	$494
Dec 2004	Retail	S$90k	441 sqft	$204
May 2002	Retail	S$200k	441 sqft	$453
Feb 2001	Retail	S$240k	441 sqft	$544

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at The Dairy Farm rent for?

Key takeawayNo street- or building-level rent is published here. Across District 23 retail, retail space rented at a median of $23.77 psf a month in 2026Q3, with the middle half of leases between $22.95 and $25.51. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 23 retail

Region band · 2026Q3

25th pct

$22.95

$247.02 psm

Median

$23.77

$255.89 psm

75th pct

$25.51

$274.59 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 23 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

Market context around The Dairy Farm

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Suburban: Rent S$32.95 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Suburban: Rent S$33.36 psf/mth · Vacancy 5.7% (1Q 2026) · Planned / under construction 1.53m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

What's been approved at The Dairy Farm?

Key takeawayURA has approved 15 changes of use at The Dairy Farm since 2000, most recently in 2026. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

7 Apr 2026ApprovedFloor B1
Change of use to therapy & counselling centre
Proposed change of use to therapy & counselling centre at unit #B1-XX of the dairy farm
4 Nov 2025ApprovedFloor B1
Change of use to childcare centre and kindergarten of the dairy farm
Proposed change of use of unit #B1-XX and #B1-XX to childcare centre and kindergarten of the dairy farm on lot 01408v mk16 at 17 dairy farm road
25 Oct 2024ApprovedFloor B1
Change of use to childcare centre and kindergarten
Proposed change of use of units #B1-XX to childcare centre and kindergarten on lot 01408v mk 16 at 17 dairy farm road
11 Aug 2022RenewedFloor B1
Continued use as restaurant
Continued use of unit #B1-XX shop as restaurant
18 May 2021ApprovedFloor B1
Change of use to shop
Change of use of units #B1-XX & #B1-XX to shop (bakery) at 17 dairy farm road - the dairy farm (bukit panjang planning area)
10 Nov 2020ApprovedFloor B1
Change of use to shop
Change of use of unit #B1-XX to shop at 17 dairy farm road - the dairy farm
28 May 2020ApprovedFloor B1
Change of use to pet grooming
Proposed change of use of unit #B1-XX to pet grooming on lot 01408v mk16 at 17 dairy farm road - the dairy farm (bukit panjang planning area)
26 Jul 2019RenewedFloor B1
Continued use as restaurant
Continued use of unit #B1-XX shop as restaurant
19 Mar 2019ApprovedFloor B1
Change of use to pet shop
Proposed change of use of unit #B1-XX to pet shop (sale of pets and pet food & accessories) on lot 01408v mk16 at 17 dairy farm road - the dairy farm (bukit panjang planning area)
17 Aug 2016RenewedFloor B1
Continued use as restaurant
Continued use of unit #B1-XX from shop to restaurant
1 Dec 2015ApprovedFloor B1
Change of use to shop
Proposed change of use of unit #B1-XX to shop (take-away food) on lot 01408v mk16 at 17 dairy farm road (bukit panjang planning area)
2 Aug 2013RenewedFloor B1
Continued use as restaurant
Continued use of unit #B1-XX from shop to restaurant

9 earlier change-of-use and A&A decisions are on record since 2000.

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What do commercial rents run near The Dairy Farm?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 23 retail

Gross yield (area)

9.6%

8.6% net of property tax

Rent side (median of bands)

$255.89 psm/mo

2026Q3

Price side (strata, 5y)

$2,984 psf

11 sales

An INDICATIVE AREA yield for District 23 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 23 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
B1 & Below · 30 & Below	$301.00	$351.50	$421.39
Level 1 · 30 & Below	$337.00	$386.49	$398.56
Level 4 & Above · >30 - 100	$247.02	$248.59	$265.90
Level 1 · >30 - 100	$146.69	$255.89	$274.59
B1 & Below · >30 - 100	$312.82	$320.00	$323.19
Level 2 & 3 · >30 - 100	$168.47	$207.40	$244.22
Level 1 · >100 - 300	$87.55	$123.10	$164.64

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

What is near The Dairy Farm?

Key takeawayThe nearest MRT/LRT is Hillview MRT, about 410 m away — and 1 competing retail premises operate nearby.

Getting around

Hillview MRT410 m · ~6 min

Amenities nearby

Educational Institution · 117 mAft Dairy Farm Cres · 183 mChestnut Dr Pg · 274 mPlace Of Worship · 293 mHillview MRT Exit A · 380 mHillview Community Club · 701 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

HillV2 · 672 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at The Dairy Farm

Key takeawayThe nearest station is Hillview (DT3), 380 m away — a quiet station, with about 14,000 taps in and out on an average weekday. No public car park we hold is within 500 m; the nearest is Dairy Farm Rd - Petir Rd Hvp (URA), 717 m away; the nearest URA season parking is Hillview Terrace, 1.9 km away (S$90/month).

Foot traffic: busier than 3% of retail buildings

nearest MRT/LRT Hillview (DT3) 380 m, about 14,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 8, about 6,994 taps a weekday; Bukit Panjang: 9,091 resident workers (Census 2020, by workplace); about 23,000 residents within 1 km (June 2026); 1 other mall within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

Hillview (DT3)380 m · about 14,000 weekday taps
Cashew (DT2)765 m · 8,769 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to The Dairy Farm. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with 6,994 boardings and alightings on an average weekday.

Who's registered at The Dairy Farm?

Key takeaway5 live companies (and LLPs and branches; sole proprietors are not counted) list The Dairy Farm as their registered address. These are registered businesses, not who occupies the space.

Education
2
Wholesale and retail trade
1
Financial and insurance
1
Arts, entertainment and recreation
1
Accommodation and food services
0
Professional, scientific and technical services
0
Manufacturing
0
Administrative and support services
0
Other services
0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.

Frequently asked questions about The Dairy Farm

Where is The Dairy Farm?⌄

The Dairy Farm is at 17 Dairy Farm Road, Singapore 679043, in the Bukit Panjang planning area.

What is The Dairy Farm zoned as?⌄

The Dairy Farm sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 2.1.

What is the tenure of The Dairy Farm?⌄

The Dairy Farm is freehold.

What have units at The Dairy Farm sold for?⌄

Across 13 recorded transactions, the median price is S$547 psf. The latest was in July 2015.

What is the nearest MRT station to The Dairy Farm?⌄

Hillview MRT is the closest, 410 m away (about a 6-minute walk).

How many businesses are registered at The Dairy Farm?⌄

15 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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This development is also registered as the residential project The Dairy Farm.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 10 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.