$1.3M for a 5-room flat at Alkaff Vista HDB in Bidadari – Setting New Benchmark

Two months after its first resale transaction in July, Alkaff Vista HDB on Bidadari Park Drive (District 13) has garnered strong interest, with rising prices setting new benchmarks for future transactions in the area. 

A 5-room flat at Alkaff Vista HDB sold for $1.3 million – new record

On 19 September 2024, a 5-room flat on the 9th floor recently sold for $1.31 million (1,227 sqft, $1,068 PSF), surpassing the previous record of $1.22 million (1,227 sqft, $994 PSF) for another 5-room flat on the 9th floor, which was sold in early September 2024. This new transaction sets the highest PSF record for 5-room units in the project, marking an important milestone for 5-room resale flats at Alkaff Vista HDB. 

A 4-room flat at Alkaff Vista HDB sold for $1.17 million – new high  

Likewise, 4-room flats at Alkaff Vista HDB are also seeing new highs. The latest 4-room unit located between the 16th and 18th floor was sold at $1.17 million (1,012 sqft, $1,156 PSF) , the highest PSF and the highest transacted price ever recorded for a 4-room flat in the project. The previous high belonged to 2 other 4-room units on the 10th and 11th floors, both sold for $1.08 million (1,012 sqft, $1,067 PSF).

Resale Price at Alkaff Vista HDB on Bidadari Park Drive  

Up to the date of this article, there have been 8 resale transactions at Alkaff Vista HDB, 7 of which crossed the million-dollar threshold. On average, 5-room units at Alkaff Vista have been transacted at $1.24 million ($1,017 PSF), while 4-room units have averaged $1.06 million ($1,052 PSF). 

Alkaff Vista HDB, a BTO launched in 2010 and completed in 2019, recently reached its MOP in 2024. Located on Bidadari Park Drive in District 13, Potong Pasir, it consists of 6 blocks and 350 units, offering 4- and 5-room flats. Residents benefit from excellent accessibility, with Potong Pasir MRT and Woodleigh MRT stations just a 7-minute walk away. Additionally, the estate is in close proximity to Bidadari Park, The Woodleigh Mall, and various other amenities, making it a highly desirable location. 

Image: Resale Transactions at Alkaff Vista HDB since its MOP in 2024. Source: RealInsight

Bidadari and District 13: A Growing Residential Hub 

Bidadari, often referred to as the "future Bishan," has emerged as one of Singapore’s most attractive residential estates since the government’s plans to develop it into a modern and vibrant housing area. Located in District 13, Bidadari is known for its blend of nature and modern amenities. The area is built around Bidadari Park, offering serene green spaces in a central location with close proximity to Woodleigh MRT and Potong Pasir MRT. 

The district also boasts excellent connectivity and amenities, including reputable schools, shopping centres, and healthcare facilities, making it a popular choice for families and professionals alike. 

Over the past 3 years, 4-room flats in District 13 have typically transacted at $608 PSF, while 5-room flats averaged $606 PSF. Both flat types have shown consistent price appreciation over this period (see the chart below). The strong sales seen at Alkaff Vista have far outperformed these averages, highlighting Bidadari's emergence as a prime residential area. The growing demand suggests that future transactions at Alkaff Vista and other HDB projects within Bidadari are likely to experience significant price appreciation.

Image: Transaction Volume and Average Transacted Price PSF of 4- and 5-room flats in D13 between 2021-2024. Source: RealInsight.

*Data is accurate as of the published date of this article.

*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error. Please refer to RealAgent App or RealInsight for the most updated transaction data.

All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.

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