Narra Residences D23 Dairy Farm OCR Singapore Condo 2026
Narra Residences D23 OCR: 540 units from S$1,750 psf by Dairy Farm Walk JV. Pricing, Hillview MRT access, and 2026 buyer checklist.
By Invest Singapore Editorial · Updated June 16, 2026 · 9 min read
Quick answer: Narra Residences is a private condominium by Dairy Farm Walk JV (Santarli / Apex Asia consortium) in Dairy Farm / Hillview (D23, OCR). Indicative pricing from S$1,487,500 (about S$1,750 psf on 850 sq ft). 99-year leasehold tenure; status: 2026 launch at Dairy Farm Walk. Use this review to compare entry psf, rental demand, and ABSD impact before booking.
Narra Residences anchors the Dairy Farm / Hillview micro-market within Singapore’s OCR planning band. The development sits in D23, where recent government land sales and private launches have repriced buyer expectations for OCR stock. Whether you are upgrading from an HDB flat, adding a second property, or buying from overseas, the decision starts with whether entry psf at Narra Residences still leaves room relative to nearby resale comparables.
For launch mechanics, payment stages, and balloting context, see our Singapore new launch condo guide 2026. For portfolio-level ABSD, financing, and hold-period planning, use the Singapore property investment guide. Foreign buyers should also read the ABSD guide and foreign buyer checklist before booking.
About Narra Residences
Narra Residences is a private condominium developed by Dairy Farm Walk JV (Santarli / Apex Asia consortium). The project comprises approximately 540 residential units on 99-year leasehold land in D23. Marketing status as of June 2026: 2026 launch at Dairy Farm Walk. Expected completion is around 2030, subject to construction progress and regulatory approvals.
The developer positions Narra Residences for nature-fringe families and west-region owner-occupiers. Unit mixes typically span compact two-bedroom layouts suitable for owner-occupiers through larger three- and four-bedroom formats that attract family upgraders and long-hold investors who prioritise bedroom count over absolute psf.
Location-wise, Dairy Farm / Hillview benefits from proximity to Bukit Timah Nature Reserve and Hillview MRT on the Downtown Line. These factors feed both owner-occupier demand and rental depth, which matters if you are underwriting a five- to eight-year hold rather than pure end-user use.
Unit mix and indicative pricing
Indicative pricing bands below translate launch psf guidance into approximate absolute prices using typical sizes. Always request the authorised price list on booking day because stack, facing, and floor premiums can move effective psf by 8 to 15 percent within the same bedroom type.
| Bedroom type | Typical size (sq ft) | Indicative psf (S$) | Indicative price from (S$) |
|---|---|---|---|
| 2-bedroom | 723 | 1,750 – 1,850 | 1,264,375 |
| 3-bedroom | 850 | 1,750 – 1,950 | 1,487,500 |
| 4-bedroom | 1063 | 1,838 – 1,950 | 2,071,875 |
| Cost item | Indicative range (S$) | Notes |
|---|---|---|
| Booking fee | 5% of purchase price | Usually cheque or paynow; refundable within OTP period if terms allow |
| BSD / ABSD | Depends on profile | Foreign and second-property buyers pay higher ABSD tiers |
| Legal fees | 2,500 – 4,500 | Conveyancing plus mortgage documentation |
| Maintenance (monthly) | 280 – 450 | Varies with unit size and shared facilities load |
| Nearby benchmark | Approx. psf (S$) | Comment |
|---|---|---|
| Narra Residences (launch guide) | 1,750 – 1,950 | New launch premium for fresh lease / product |
| D23 resale condos (2025–26) | 1,540 – 1,853 | Older stock may trade lower psf but shorter remaining lease |
| OCR OCR/RCR average (2026) | 1,313 – 1,658 | Use for sanity-checking regional affordability |
Location and connectivity
Narra Residences sits in Dairy Farm / Hillview, D23. Hillview MRT connects to Botanic Gardens interchange and the CBD with one transfer, appealing to hybrid WFH households.
Daily amenities cluster around HillV2, The Rail Mall, and nature park trailheads. For families, school proximity within one to two kilometres often drives resale liquidity more than a marginal psf discount at launch.
Investors should map tenant demand: NUS and one-north professionals occasionally rent in the Bukit Timah fringe; yields are moderate but vacancy risk lower for well-priced two-bedrooms.. If you rely on rental income, underwrite void periods and furnishing costs rather than assuming full-year occupancy at headline asking rents.
Investment angles and rental outlook
Nature-adjacent OCR launches attract occupier demand; compare psf against Vela Bay and Dairy Farm resale stock before booking.
Compare Narra Residences against other 2026 launches in OCR before you anchor on a single showflat narrative. Entry psf is only half the equation; the other half is how quickly the sub-market absorbs new supply at TOP when owners start leasing or selling concurrently.
Use the property investment guide to model ABSD, LTV limits, and hold-period exit scenarios. If you are navigating multiple launches, the new launch guide explains balloting, OTP timelines, and progress payment schedules in plain language.
Advantages and disadvantages
| Advantages | Disadvantages |
|---|---|
| Large site with greenery-facing unit options | OCR psf rising faster than rental growth in pockets |
| Downtown Line MRT within comfortable access | Competing west OCR launches at similar price bands |
| Consortium with local construction depth | Car-dependent for some daily errands despite MRT |
| Reputable developer exposure via Dairy Farm Walk JV (Santarli / Apex Asia consortium) | Launch pricing may embed future psf growth assumptions |
| OCR positioning suits nature-fringe families and west-region owner-occupiers | Competing supply in D23 can cap resale psf at TOP |
Risks, red flags, and what to verify
Treat every new launch as a structured diligence exercise, not a same-day emotional booking. Priority checks for Narra Residences:
- Price list versus URA transacts: Compare launch psf to recent D23 caveats; ask your agent for a three-kilometre comp table dated within 90 days.
- Developer delivery: Review Dairy Farm Walk JV (Santarli / Apex Asia consortium)‘s prior TOP delays and defect rectification scores on HDB/BCA public records where applicable.
- Financing buffer: Stress-test mortgage payments at plus 1 percent interest and 70 percent LTV; confirm TDSR headroom if you hold other loans.
- Supply pipeline: Map other D23 launches completing within 12 months of 2030; overlapping TOP waves can pressure rents.
- ABSD and eligibility: Foreign buyers should confirm ABSD tier and whether decoupling or trust structures are in scope with a licensed tax adviser.
Insider tip: Visit the showflat twice, once on a weekday quiet slot to read the price list calmly, and once on a weekend to gauge real buyer depth. Developers rarely discount publicly; your edge is choosing the right stack and avoiding units with hidden west-sun or MRT noise premiums baked into misleadingly cheap psf.
Who this project fits
Owner-occupiers: Families anchored to Dairy Farm / Hillview schools and workplaces who plan to occupy through TOP and hold five plus years.
Investors: Buyers seeking OCR exposure with moderate leverage, comfortable holding through construction and prepared for 6 to 12 months of post-TOP competition.
Ill-suited profiles: Short-term flippers expecting quick capital gains before TOP, or buyers who cannot pass TDSR if rates rise one notch.
For developer background, see Dairy Farm Walk JV (Santarli / Apex Asia consortium) when available. Related launches in the same region may include Vela Bay and Tengah Garden Residences.
Buyer decision framework
| Step | Action | Outcome |
|---|---|---|
| 1 | Set maximum all-in budget incl. ABSD and stamp duty | Clear price ceiling before showflat visit |
| 2 | Compare three competing launches in OCR | Relative psf and tenure value |
| 3 | Model rental yield at 85% occupancy | Net return after maintenance and tax |
| 4 | Book only after OTP legal review | Avoid non-refundable mistakes |
| 5 | Plan exit at TOP plus 24 months | Realistic liquidity window |
Frequently Asked Questions
Indicative entry pricing starts around S$1,487,500 based on approximately S$1,750 psf and a typical 850 sq ft unit mix. Launch bands vary by floor, stack, and facing; request the latest price list before booking.
Narra Residences is developed by Dairy Farm Walk JV (Santarli / Apex Asia consortium). Review the developer track record, past TOP dates, and defect management history before committing a booking fee.
Narra Residences sits on 99-year leasehold land in D23 (OCR). Tenure affects long-term land-bank value, financing terms, and how the asset competes at resale against newer leasehold stock.
Marketing materials point to completion around 2030. Progress payments follow the standard sale-and-purchase schedule; verify the licensed surveyor certificate and TOP timeline in your OTP.
Foreign buyers may purchase private condo units subject to ABSD tiers. Run ABSD and financing checks early using our foreign buyer workflow before paying a booking fee.
Investment merit depends on entry psf versus recent D23 transacts, rental depth near Dairy Farm / Hillview, and your hold period. Compare against alternate launches in OCR and stress-test exit liquidity before you assume appreciation.
Resale liquidity and investor hold-period notes
Narra Residences, Dairy Farm Walk D23 Nature Condo sits in Dairy Farm / Hillview (D23, OCR). URA recorded 26,492 private residential sales in 2025 with median rent near S$5.13 psf city-wide, use project-specific leases when underwriting, not brochure gross yield alone.
| Hold horizon | Typical investor focus | Cost lines to model |
|---|---|---|
| 3–5 years | Exit before SSD ladder bites | Entry ABSD/BSD, agent 2%, legal, SSD if applicable |
| 5–10 years | Rental carry + moderate appreciation | Maintenance, property tax, vacancy, agent renewal |
| 10+ years | Legacy / relocation asset | Tenure decay on 99-year stock, MCST reserve fund |
Foreign buyers at 60% ABSD must stress-test all-in cost against net rent, not launch psf alone. FTA-eligible US or Swiss first-property buyers should model remission separately using our FTA ABSD remission guide.
Compare OCR benchmarks in CCR vs RCR vs OCR guide and launch mechanics in Singapore new launch condo guide 2026. Entry from S$1,487,500, verify authorised price list on booking day because stack and floor premiums move effective psf materially.
Developer context: Dairy Farm Walk JV (Santarli / Apex Asia consortium) delivery history matters for progressive payment confidence and defect rectification after TOP. Request past project TOP dates and MCST handover quality before paying a non-refundable booking fee.
Red flags before booking: showflat rent claims above S$6.50 psf without executed leases; maintenance fee not disclosed; ABSD cash not reserved for Day 14 e-Stamping on resale exercise; or purchase driven by allocation fear rather than spreadsheet hurdle rate.
Frequently Asked Questions
Indicative entry pricing starts around S$1,487,500 based on approximately S$1,750 psf and a typical 850 sq ft unit mix. Launch bands vary by floor, stack, and facing; request the latest price list before booking.
Narra Residences is developed by Dairy Farm Walk JV (Santarli / Apex Asia consortium). Review the developer track record, past TOP dates, and defect management history before committing a booking fee.
Narra Residences sits on 99-year leasehold land in D23 (OCR). Tenure affects long-term land-bank value, financing terms, and how the asset competes at resale against newer leasehold stock.
Marketing materials point to completion around 2030. Progress payments follow the standard sale-and-purchase schedule; verify the licensed surveyor certificate and TOP timeline in your OTP.
Foreign buyers may purchase private condo units subject to ABSD tiers. Run ABSD and financing checks early using our foreign buyer workflow before paying a booking fee.
Investment merit depends on entry psf versus recent D23 transacts, rental depth near Dairy Farm / Hillview, and your hold period. Compare against alternate launches in OCR and stress-test exit liquidity before you assume appreciation.
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