The soon to be released BTO flats in Bidadari estate are expected to cost up to S$600,000 largely due to its city-fringe location.
By the end of September, a total of 2,150 flats in Bidadari will be launched for sale under Housing and Development Board’s (HDB) Build-to-Order (BTO) exercise, the first BTO exercise after the income cap was raised to $12,000.
The area, which was once a cemetery, will develop into 10,000 residential units, community malls, a 10-hectare park and a lake. Despite its history as a cemetery, property analysts expect a strong demand for the Bidadari flats due to its city-fringe location and the incoming fresh group of applicants who were not allowed to apply for BTOs before the raise in income cap.
The BTO flats sold will consist of two- to five-room flats, and priority will be given to those whose parents live in Toa Payoh, Potong Pasir or within the 2km radius.
According to ERA Realty’s key executive officer Eugene Lim, prices for are expected to range from:
- S$300,000 to S$350,000 for 3-room flats
- S$400,000 to S$450,000 for 4-room flats
- S$600,000 for 5-room flats
If you enjoyed this article, you might be in interested in The rise of non-mature estates: why further is becoming better and 99.co guides: HDB options for singles in Singapore.
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