Four Bidadari flats sold for over S$1 Million after reaching MOP

SINGAPORE: Bidadari’s Alkaff Vista estate has seen a surge in million-dollar Housing and Development Board (HDB) resale flat transactions, with four units crossing the S$1 million mark following the completion of their Minimum Occupation Period (MOP). These high-value sales took place between August and September, showcasing the rising appeal of the centrally located estate. Alkaff Vista, a Build-to-Order (BTO) project consisting of four blocks, was initially launched between 2015 and 2016. Prices for four-room flats ranged from S$433,000 to S$682,000 during that period, depending on factors such as floor level and location, according to PropertyNets.SG. Now, four out of the five resale flats in the estate have fetched prices exceeding S$1 million. A check on HDB website indicated that the highest resale transaction recorded so far is a five-room flat at Block 106A Bidadari Park Drive, which sold for a staggering S$1.2 million in September. This unit, located mid-level in the 17-storey block, is classified as an "improved" flat model. Other significant transactions include:

• A high-floor unit at Block 106B, sold for S$1.17 million.
• A flat at Block 106A, between the 13th and 15th floors, sold for S$1.13 million.
• A unit at Block 106B, between the 10th and 12th floors, sold for S$1.08 million.

Meanwhile, the only unit sold below S$1 million was a low-floor flat at Block 105A, which changed hands for S$937,500.

Demand Fueled by Strategic Location and Design

Alkaff Vista’s strategic location plays a pivotal role in the skyrocketing prices. Situated within a five-minute walk from Potong Pasir MRT Station and a 13-minute walk from Woodleigh MRT, the estate offers residents easy access to Singapore’s public transport network. Both stations lie on the North-East Line (NEL), providing seamless connectivity to key destinations like Dhoby Ghaut and HarbourFront. Bidadari, part of the mature estate of Toa Payoh, has been designed as a “community in a garden,” featuring vast green spaces, parks, and walkable areas. The 10-hectare Bidadari Park adds to the estate’s appeal, offering residents a serene environment amidst urban living. Additionally, the estate is located near well-regarded schools such as Cedar Primary and Secondary, Maris Stella High School, and Stamford American International School, making it a prime choice for families. PropertyNets.SG also attributes the rise in prices to the estate’s well-thought-out housing layouts and proximity to these public transport hubs, which significantly increase its attractiveness to potential buyers.

Residents at Alkaff Vista Urge Property Agents to 'Stop Knocking on Our Doors'

While some homeowners have benefited from the lucrative resale market, not all are pleased with the increased attention. According to Shin Min Daily News, several residents have reported being bombarded by property agents who visit their homes nearly every day, prompting some to place signs outside their doors, requesting that agents refrain from knocking as they have no intention to sell.