The First Million-dollar Transactions at Alkaff Lakeview HDB in Bidadari after MOP

On November 5th and 6th, two 4-room HDB flats at 115C Alkaff Crescent (Alkaff Lakeview HDB) saw its first million-dollar transactions following its Minimum Occupation Period (MOP), with resale prices of $1.24 million and $1.06 million, respectively. Located in the much-anticipated Bidadari housing estate, Alkaff Lakeview stands out for its prime location, modern design, and proximity to lush green spaces like Alkaff Lake and Bidadari Park, cementing its status as a sought-after residential development in District 13. 

Alkaff Lakeview HDB 

Launched as part of the Build-To-Order (BTO) exercise in 2015 and completed in 2019, Alkaff Lakeview has become one of the standout developments in the Bidadari housing estate. Offering a total of 531 residential units comprising 3-room and 4-room flats, the project was designed to cater to the diverse needs of families looking for a spacious living unit and connectivity to central areas. 

At its BTO launch, prices at Alkaff Lakeview started at $154,000 for 2-room Flexi flats, $297,000 for 3-room flats, $433,000 for 4-room flats, and $544,000 for 5-room flats. 

Strategically located along Alkaff Crescent in District 13, the project offers unparalleled convenience. It is just a 3-minute walk to Woodleigh MRT station and the newly completed Woodleigh Mall, providing easy access to public transportation and retail amenities. Additionally, residents enjoy proximity to Bidadari Park, a lush green space perfect for leisure and recreation, further enhancing the appeal of Alkaff Lakeview as a modern and accessible residential community. 

Image: Alkaff Lakeview HDB on Map View. Source: RealInsight

First Two Resale Transactions at Alkaff Lakeview - Reaching Million-dollar Benchmark

The first two 4-room flat resale transactions at Alkaff Lakeview have set a new benchmark for HDB resale prices, not only for the development itself but also for all HDB projects within a 1km radius. 

On 5 November 2024 , a 4-room flat spanning 1,044 sqft was sold for $1.24 million, translating to an impressive $1,187 per square foot (PSF). This sale surpassed the previous record of $1,156 PSF for a 4-room flat at Alkaff Vista in September 2024, setting a new high for resale price of 4-room flats in Bidadari estate. 

The following day, on 6 November 2024, another 4-room flat of the same size at Alkaff Lakeview transacted at $1.06 million, achieving a PSF of $1,015. 

The most recent transaction happened on 20 November for a 3-room unit on low floor, transacting at $750,000 ($968 PSF) for a total of 775 sqft. 

Image: The most recent resale transactions at Alkaff Lakeview HDB. Source: RealInsight

Historical HDB Resale Prices in District 13 

District 13, home to sought-after areas such as Toa Payoh, Potong Pasir, and the Bidadari estate, has shown steady growth in HDB resale prices over the years, with 3-room and 4-room flats appreciating at an average rate of 12% per year. In 2024 , 3-room flats were transacted at an average of $662 PSF, while 4-room flats achieved an average price of $886 PSF, highlighting the strong demand in this prime district. 

Image: Transacted PSF of Resale HDB 3-room and 4-room Flats in District 13 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.

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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