CommercialRESIDENTIALFreeholdDistrict 23 · Bukit Panjang

The Dairy Farm

Reviewed by Nathan TangUpdated 10 August 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, most recently in Jul 2015. ACRA records 15 live company registrations at this address.

1

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
Transactions on record
13 (records start 1995)
Live listings
None
ACRA registrations
15
2

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).

3

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 →

4

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.
DateUsePriceAreaPSF
Jul 2015RetailS$1.00M603 sqft$1,659
Mar 2014RetailS$420k441 sqft$952
Dec 2010RetailS$432k441 sqft$979
Sept 2010RetailS$350k603 sqft$581
Jul 2008RetailS$320k441 sqft$725
May 2008RetailS$280k441 sqft$634
Jul 2006RetailS$298k603 sqft$494
Dec 2004RetailS$90k441 sqft$204
May 2002RetailS$200k441 sqft$453
Feb 2001RetailS$240k441 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.

5

What do commercial rents run near The Dairy Farm?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 23 retail

Gross yield (area)
8.3%
7.5% net of property tax
Rent side (median of bands)
$223.62 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$217.43$258.33$409.02
B1 & Below · 30 & Below$426.37$606.36$660.99
B1 & Below · >30 - 100$166.59$191.19$276.37
Level 1 · >30 - 100$175.38$223.62$277.64
Level 2 & 3 · >30 - 100$304.63$312.50$351.45
Level 2 & 3 · >100 - 300$109.86$166.97$213.74
Level 1 · >300$102.88$140.80$182.81

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.

6

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

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.

7

How many companies are registered at The Dairy Farm?

Key takeawayACRA records 15 live company registrations at this address, 5 of them in the last three years.
Live registrations
15
Registered last 3 years
5
Most common type
Sole Proprietorship/ Partnership

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.

8

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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