Mention Bidadari to anyone in the know about the property market in Singapore, and the response you’ll probably get will be along the lines of: “Wah, expensive HDB flats!”
And for good reason. The quaint little estate of Bidadari (located between Potong Pasir and Serangoon) has become synonymous with record resale HDB prices as of late, thanks to a burgeoning demand for flats in the area.
The hype really first started when they were launched as BTOs, which saw significant application rates for flat types owing to their central location. Today, flats in the Bidadari estate regularly make the news for record-high prices shortly after hitting their Minimum Occupation Period (MOP).
Well, it’s another case of “another day, another record broken”—this time, a newly MOP-ed flat in the district of Alkaff in Bidadari has broken the record for the most expensive 4-room flat in the Toa Payoh estate, netting an extremely handsome profit for its owners.
4-room Bidadari flat sold for $1,258,888
Here’s what we know about the sale:
Image credit: HDB
Just last month, a flat located at Blk 118A Alkaff Crescent was sold for $1,258,888. With its size, that translates to around $1,205 psf. The flat is situated on the 10th to 12th storeys, which we’d say is mid-level considering the highest floor is 17. The block is part of the Alkaff Lakeview project and consists of 102 3-room flats and 237 4-room flats.
With a remaining lease of 94 years and 10 months, it’s clear the unit has just crossed its 5-year MOP.
How does it compare with other 4-room units in the entire Toa Payoh estate? A check on HDB’s Resale Portal shows that the next highest transaction was actually its neighbour over at Blk 115C Alkaff Crescent (also part of Alkaff Lakeview), similarly sized and located on the same floor, which sold for $1.24M earlier in January 2025.
Image credit: HDB
As you can see from the list above, other 4-room flats in Bidadari have been sold for prices like $1.2M and $1.17M—which are pretty noteworthy, considering they had just crossed their MOP. Other flats in Toa Payoh are also priced above the $1M mark, though it’s probably worth noting that these flats aren’t actually located close to each other. While Bidadari is classified under the Toa Payoh estate, it’s geographically quite far from the rest of it.
What makes this sale so notable?
Image credit: Google Maps
Alkaff Lakeview was launched as part of the November 2015 BTO sales exercise, which saw a massive 12,411 flats put up for sale—comprising 7,061 BTO flats and 5,350 SBF flats. It also marked the debut of Bidadari flats in the BTO market, with projects like Alkaff CourtView, Alkaff Lakeview, and Alkaff Vista being launched.
According to an archived HDB press release, 3-room flats were sold for $297,000–$385,000, 4-room flats from $433,000–$550,000, and 5-room flats from $544,000–$625,000.
Given that the flat in question sits somewhere in the middle of the block, we’ll use the median of the $433,000–$550,000 price range, which works out to $491,500. With the $1,258,888 resale price tag, this means an extremely decent profit of $767,388—around 1.5 times its original price. That’s pretty remarkable, considering this gain was made in just five years from the start of its lease.
Alkaff Lakeview: home to highly-priced HDB flats
It should come as no surprise that these flats are priced so highly. Earlier this year, we wrote about how a 3-room unit from the same project—also newly MOP-ed—was sold for an eye-watering $900K, setting the record for the most expensive 3-room resale HDB flat ever.
Image credit: MetaCondo
As we pointed out, Bidadari is no stranger to million-dollar homes. We already saw a glimpse of how popular it is as an estate back when it was first launched in several BTO sales exercises. At the height of its popularity, subscription rates ranged from an average of 4.0–7.0 to as high as 20.0 for a 5-room flat in the area.
The high demand for flats in Bidadari can be chalked up to several reasons. For starters, it’s just a short walk away from the new Woodleigh Mall, which has all the usual mall perks—including direct underground access to Woodleigh MRT station along the North-East Line. If you drive, accessibility is great too, with the PIE and CTE nearby, and major roads connecting you to other parts of Singapore.
It’s also a hit with families with young kids, thanks to the many schools nearby, such as Cedar Girls’ Secondary School, Maris Stella High School, and St. Andrew’s schools, plus plenty of childcare centres and kindergartens. As we mentioned before, another draw is the estate’s proximity to mature housing areas like Serangoon, Potong Pasir, and Toa Payoh. Young couples and families are drawn to Bidadari as it gives them a space of their own—without being too far from their parents.
Will Alkaff Lakeview continue to break more sales records?
Of course, the next question to ask is: where do we go from here? More specifically, will we see Alkaff Lakeview break more records? The likely outcome is yes.
A check on PropertyGuru shows a handful of 4-room flats for sale at Blk 118A Alkaff Crescent, with one standout listing: a 4-room flat being listed for $1,350,000. If sold, it would certainly surpass the current record.
Image credit: PropertyGuru
On the flipside, supply competition can always temper prices down. In this case, we should pay close attention to Alkaff Courtview, which is a nearby project that MOP-ed this year and is expected to bring more resale units to the market shortly.
2025 promises to be a very exciting time for the resale HDB market, and we can definitely expect Bidadari to be at the forefront of these record prices.
Read more about Bidadari flats:
- Are Alkaff Crescent 3-Room Flats Really Worth Their Record-Breaking Price Tags?
- Alkaff Vista: Swift Sales Of Million-Dollar HDBs Just 2 Months After MOP
- This Incredible Bidadari HDB Transformation Makes It Look Just Like A Boutique Store
Image Adapted From: Google Maps
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