The first batch of four-room flats in the Bidadari estate has officially entered the resale market with a splash. Prices for these units have ranged from $937,500 to an impressive $1.17 million, nearly doubling their original Build-to-Order (BTO) prices from when they were first launched. This news highlights the significant appreciation in the value of properties in Bidadari, a sought-after estate that has rapidly gained popularity among homebuyers since its inception.
Doubling in Value Since BTO Launch
Bidadari’s four-room flats were initially sold through the Housing & Development Board’s (HDB) BTO exercises between 2015 and 2016. Flat prices ranged from $433,000 to $682,000 during that period, depending on location, floor level, and size. Fast forward to today, and these same flats are reselling for up to $1.17 million, a clear sign of the robust demand in this area.
The price increase can be attributed to several factors, including Bidadari’s excellent location near central Singapore, well-designed housing layouts, and the increasing appeal of estates close to public transport hubs. Bidadari is located in the mature estate of Toa Payoh and is designed to be a “community in a garden”, emphasising greenery, parks, and walkability.
Record-Breaking Transactions
Recent data shows that one of the highest transactions for a four-room flat occurred at Alkaff Crescent, where a unit sold for a record $1.17 million. Another notable sale involved a four-room flat at Woodleigh Link, which changed hands for $1.03 million.
These record-breaking prices have set new benchmarks for four-room HDB flats, traditionally considered more affordable than private condominiums. This trend reflects a larger shift in the property market, where buyers are increasingly willing to pay a premium for flats in prime locations with good connectivity.
What’s Driving the Demand?
Several factors contribute to the soaring resale prices at Bidadari. First, its proximity to MRT stations such as Woodleigh and Potong Pasir makes it an attractive option for buyers looking for quick and convenient access to Singapore’s public transportation network. Both stations are on the North-East Line (NEL), providing easy access to key destinations like Dhoby Ghaut and HarbourFront.
Second, Bidadari’s green urban planning and lifestyle appeal have drawn families and professionals seeking a balance between city living and nature. The estate’s design includes wide green spaces, walking paths, and parks such as the 10-hectare Bidadari Park, which enhances the overall quality of life in the area.
Additionally, Bidadari is located near well-regarded schools such as Cedar Primary and Secondary, Maris Stella High School, and Stamford American International School, making it a preferred choice for families with school-going children.
The Future of Bidadari’s Resale Market
As more units in Bidadari reach their five-year Minimum Occupation Period (MOP) and become eligible for resale, it’s expected that the estate will continue to see strong demand. The premium location, combined with the lifestyle and transport advantages, suggests that Bidadari will remain a highly desirable estate for years to come.
Despite the higher resale prices, buyers seem willing to pay the premium, especially for units located on higher floors or with unblocked views. The ongoing improvements to infrastructure and amenities in the area are also likely to support continued growth in property values.
A Sign of a Broader Trend?
Bidadari is not alone in witnessing a surge in HDB resale prices. Across Singapore, resale flats in prime locations, especially those in or near the city, have been fetching prices exceeding $1 million. This reflects the growing demand for centrally-located properties amidst limited new supply. Buyers today are placing more value on location, proximity to MRT stations, and nearby amenities, which play a pivotal role in driving up property prices.
Explore Opportunities in Resale or New Condos
Interested in purchasing a property in a prime location like Bidadari? Explore a range of opportunities in resale flats and new condos through our website. Whether you’re looking for a home or an investment, we feature the latest listings and exclusive offers in high-demand areas. Visit our site now to find your perfect property!
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