In a landmark achievement for Bidadari’s HDB resale market, two four-room flats at 115C Alkaff Crescent (Alkaff Lakeview) crossed the million-dollar mark shortly after reaching their Minimum Occupation Period (MOP). On November 5 and 6, these units fetched $1.24 million and $1.06 million respectively, reflecting the development’s strong appeal among homeowners and investors alike.
Alkaff Lakeview HDB
Alkaff Lakeview, launched as part of a Build-To-Order (BTO) exercise in 2015 and completed in 2019, has emerged as a coveted residential address in District 13’s Bidadari estate. With 531 units comprising three- and four-room flats, the development offers spacious layouts, thoughtful design, and exceptional connectivity. At its BTO launch, prices began at $154,000 for two-room Flexi units, $297,000 for three-room units, $433,000 for four-room units, and $544,000 for five-room units.
Strategically located along Alkaff Crescent, residents enjoy a mere three-minute stroll to Woodleigh MRT station and the newly opened Woodleigh Mall. The presence of lush greenery at Alkaff Lake and Bidadari Park further enhances the living environment, making Alkaff Lakeview an ideal choice for those seeking both convenience and serenity.
Breaking New Price Records
The recent resale transactions at Alkaff Lakeview have raised the bar for HDB resale values in the area. On November 5, 2024, a 1,044 sq ft four-room flat sold for $1.24 million, or $1,187 psf, surpassing the previous record of $1,156 psf set by a four-room unit at Alkaff Vista in September 2024. On November 6, another similarly sized four-room flat closed at $1.06 million ($1,015 psf), reinforcing the estate’s new pricing benchmarks.
Subsequent activity included a three-room unit transacted on November 20, 2024, at $750,000 ($968 psf) for a 775 sq ft flat—a testament to Bidadari’s ongoing appeal and upward market trajectory.
Rising Prices in District 13
District 13, encompassing Toa Payoh, Potong Pasir, and Bidadari, has consistently shown strong growth in HDB resale values. Three- and four-room flats have appreciated at about 12% annually, with three-room units averaging $662 psf and four-room flats reaching an average of $886 psf in 2024. These figures highlight the robust demand and enduring attractiveness of District 13 as a premier residential location.
In all, Alkaff Lakeview’s record-breaking million-dollar resale transactions underscore the development’s prime positioning, strong buyer confidence, and the ongoing strength of Singapore’s HDB resale market—especially in sought-after locales like Bidadari.
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