Flats from the Bidadari estate, particularly Alkaff Vista, have entered the resale market, garnering significant interest. Recent transactions reflect the high demand for these city-fringe units, especially among young couples. A 113 sqm five-room unit recently sold for a record S$1.2 million, while four-room units ranged from S$937,500 to S$1.17 million.
With its proximity to MRT stations and amenities, Bidadari’s appeal has led to strong price appreciation, with resale prices rivaling those of older resale condos. Analysts caution against assuming million-dollar transactions will be the norm, though demand is likely to remain strong.
HDB resale prices have been on an upward trend. As of Q2 2024, resale flat prices climbed 1.5%, continuing a steady quarterly increases. Analysts point out that Bidadari’s city-fringe location, excellent connectivity, and amenities are key factors behind its high demand. However, analysts also caution that increasing supply from future BTO completions may cap long-term price growth. Additionally, stricter resale conditions on upcoming Prime and Plus flats are expected to channel buyers toward resale flats like those in Bidadari.
