Why This Mixed-Use Condo at Dairy Farm Is Lagging Behind the Market
November 25, 2025
Dairy Farm Residences had a bit of a rocky start, and you may remember it from complaints about maintenance fees (which were eventually cut by around 40 per cent). That said, Dairy Farm Residences came to market with a mixed-use concept and a strong nature-focused pitch. With its greenery views and the fact that it would be a hub of amenities in the area, this seemed like a solid proposition – but over time, resale performance has lagged behind the wider market. In this review, we take a closer look at its performance and examine whether pricing, location, or nearby competition played a role.
And once you start lining up the numbers against nearby developments, it becomes clear how complex performance really is: land price, positioning, unit mix, and competition often pull in different directions. If you want help interpreting these patterns across the projects you’re evaluating, reach out here and we’ll link you with a trusted partner agent who studies these trends closely.
Past performance is a useful signal, but it's not a forecast. The projects that outperformed over the last cycle aren't guaranteed to do so again, and the reasons they outperformed may no longer apply.
The more useful question is whether a particular property still makes sense at today's price, given your budget, objectives and timeline. That's where many buyers find it helpful to get a second opinion.
Over time, that's also why we decided to work with agents who shared the same data-driven and advisory-led approach behind our editorial, consultants who could help readers think through decisions more objectively, rather than simply push transactions.
Today, the team has worked with more than 2,000 clients across over $5B in property transactions.
Let’s look at Dairy Farm Residences’ overall performance, from its launch in 2019 to Q3 2025
| Year | Average $PSF |
| 2019 | $1,563 |
| 2020 | $1,564 |
| 2021 | $1,619 |
| 2022 | $1,688 |
| 2023 | $1,905 |
| 2024 | $1,834 |
| 2025 (Up to Q3) | $1,831 |
| Annualised | 2.67% |

Now, let’s compare this to other condos in District 23 (D23) where it’s located. As Dairy Farm Residences is a leasehold condo, we will only compare it to other 99-year leasehold projects.
Ryan J. Ong
A seasoned content strategist with over 17 years in the real estate and financial journalism sectors, Ryan has built a reputation for transforming complex industry jargon into accessible knowledge. With a track record of writing and editing for leading financial platforms and publications, Ryan's expertise has been recognised across various media outlets. His role as a former content editor for 99.co and a co-host for CNA 938's Open House programme underscores his commitment to providing valuable insights into the property market.Need help with a property decision?
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