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Dairy Farm Walk GLS site draws five bidders with ‘measured’ top bid of $962 psf ppr, 5.7% below Narra Residences site

Jovi Ho
Jovi Ho • 6 min read
Dairy Farm Walk GLS site draws five bidders with ‘measured’ top bid of $962 psf ppr, 5.7% below Narra Residences site
Analysts say the coming development faces competition from the 540-unit Narra Residences, launching later this month, and a challenging terrain. Photo: URA
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The tender for the Government Land Sale (GLS) parcel at Dairy Farm Walk drew five bidders at its Jan 22 close, with the top bid submitted by a consortium comprising ABR Holdings, LWH Holdings, Macly Capital and RP Ventures at $427 million, or $962 psf per plot ratio (ppr), edging out the next highest bidder by 0.4%.

The 29,444.2 sqm site at Dairy Farm Walk was launched for public tender on Nov 26, 2025. The site can yield approximately 480 units with a 99-year lease tenure.

This land parcel is the fifth GLS residential plot to be placed for tender in the Dairy Farm area since 2012.

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