The allure of Bidadari’s HDB resale market has certainly been growing, especially with recent record-breaking sales. At the end of September, a 5-room unit in Alkaff Vista was sold for S$1.2 million, marking an all-time high (ATH) for the area. That sale alone yielded an impressive capital gain of around S$600,000.
And since then, more million-dollar transactions have rolled in from Alkaff Vista, raising questions about whether this upward trend in Bidadari’s HDB resale market will continue or level off.
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Bidadari’s million-dollar HDB resale list
Here’s a look at the total million-dollar HDB resales in Bidadari:
| Date | Block | Floor | Size (sqft) | Price | Price (psf) | Type |
| 10/2024 | 105A | 13 to 15 | 1,216 | S$1.3M | S$1,069 | 5RM |
| 10/2024 | 105B | 7 to 9 | 1,227 | S$1.22M | S$994 | 5RM |
| 10/2024 | 105A | 4 to 6 | 1,216 | S$1.21M | S$995 | 5RM |
| 09/2024 | 106A | 7 to 9 | 1,216 | S$1.2M | S$986 | 5RM |
| 09/2024 | 106B | 16 to 17 | 1,012 | S$1.17M | S$1,156 | 4RM |
| 09/2024 | 106A | 13 to 15 | 1,012 | S$1.133M | S$1,119 | 4RM |
| 10/2024 | 105A | 10 to 12 | 1,012 | S$1.08M | S$1,067 | 4RM |
| 08/2024 | 106B | 10 to 12 | 1,012 | S$1.08M | S$1,067 | 4RM |
| 10/2024 | 106B | 7 to 9 | 1,012 | S$1.055M | S$1,042 | 4RM |
As you can see, all nine million-dollar resales in Bidadari originate from Alkaff Vista, with transactions involving both 4-room and 5-room units. The highest recorded sale reached S$1.3 million for a 5-room unit on the 13th to 15th floors.
With initial BTO prices for 5-room units in Alkaff Vista starting around S$544,000, this translates to a potential capital gain of approximately S$756,000, or a 58.15% increase from the original BTO price. Final capital gains can vary slightly, factoring in HDB grants and selling expenses such as agent fees and legal costs.
On the 4-room front, the top-priced unit fetched S$1.17 million and was located on the 16th to 17th floors. With original BTO prices around S$433,000, this transaction represents a capital gain of about S$737,000, or a 62.99% increase.
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Why are Alkaff Vista units selling so high?
Several factors contribute to Alkaff Vista’s strong sales performance, including location and its recent Minimum Occupation Period (MOP). With a new 94-year lease, Alkaff Vista offers a long-term home, appealing to families seeking stability for future generations. As the only MOP-completed project in Bidadari, Alkaff Vista also enjoys high demand with low supply, leading buyers to bid up prices for available units.
Bidadari’s proximity to the city fringe is another key factor driving up prices, especially given similar patterns in other fringe projects, such as Dawson Road in Queenstown, where high resale prices have been noted. Known as the “future Bishan,” Bidadari has gained popularity as a vibrant, well-connected area with a balance of modern amenities and natural beauty. Bidadari Park, with its green spaces and easy access to both Woodleigh and Potong Pasir MRT stations, enhances the appeal of living in this district.
For those who want a closer look at Alkaff Vista’s location, our article, “Recently MOP-ed Projects in Bidadari & Ang Mo Kio Sold for up to S$1.2M,” provides additional insights.
While the S$1.3 million transaction might seem steep, it’s in line with the strong demand for newer BTO flats in prime locations. Another recently MOP-ed project, St. George’s Towers, has also set record prices, with units on higher floors surpassing the million-dollar mark. One of its units on floors 31 to 33 recently sold for S$1.25 million, seeing a capital gain of S$791,000 – a significant 63.28% increase in value.
Although Alkaff Vista’s stacks top out at 17 floors, unit heights still seem to play a significant role in resale pricing here. For example, a 4-room unit on a lower floor (1st to 3rd) sold for S$937,500 (S$926 psf), slightly below the million-dollar mark. However, it’s important to note how even lower-floor units in the project are commanding over S$900,000 – a testament to the value of living in this popular location.
In just 1 minute, find out if you’re sitting on a million-dollar property yourself with 99.co’s Property Valuation Tool.
Will million-dollar transactions continue in Bidadari?
The momentum of million-dollar transactions in Bidadari shows no signs of slowing.
Demand for flats in Alkaff Vista and other upcoming HDB projects in the estate is anticipated to sustain price growth. Alkaff Courtview, set to reach MOP next year, could be the next project to achieve similar prices.
Located directly across from Alkaff Vista on Bidadari Park Drive, Alkaff Courtview shares many of the same locational benefits. Alkaff Courtview, the largest of the three projects launched in the same BTO exercise with 1,258 flats, offers close proximity to Woodleigh MRT and amenities like Alkaff Lake and The Woodleigh Mall. Alkaff LakeView, which features 530 flats, also enjoys a prime position near these amenities, as well as convenient access to Woodleigh MRT.
Out of the three projects, Alkaff Vista stands closest to Potong Pasir MRT Station, while Alkaff CourtView and Alkaff LakeView offer similar ease of access to the Woodleigh MRT. With Bidadari’s desirable location, strong resale prices from Alkaff Vista could very well be mirrored in Alkaff Courtview once it completes its MOP next year.
Looking for a property close to an MRT station of your choice? Check out 99.co’s MRT map here.
Will Bidadari’s prices affect neighbouring transactions?
While Bidadari’s rising prices may influence the surrounding neighbourhoods, it’s more likely that the reverse is true. The current high prices in Bidadari, especially for 4-room and 5-room flats, are likely influenced by the prevailing market rates in nearby areas like Potong Pasir.
However, if you’re exploring District 13, resale flats can be found starting at S$310,000, offering options across different price points.
As the Bidadari estate continues to develop and mature, it will be interesting to observe how the property market evolves and whether the million-dollar HDB resale trend persists.
Looking for more HDB flats that MOP-ed recently besides Alkaff Vista? Check out our article here: Full list of BTO projects hitting MOP in 2024/2025 & Our top picks near the MRT
Do you plan on purchasing a property in Bidadari? Share your preferred projects in the comments section below or on our Facebook page.
About Sophiyanah David
Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.
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