First Bidadari flats hit resale market: 5-room unit sold for $1.2m
SINGAPORE – The first flats from the Bidadari housing estate have hit the resale market and analysts say the initial transactions show there is strong demand for flats in the area, especially from young couples looking to buy their first homes.
According to Housing Board data, four transactions have been lodged for flats in Bidadari Park Drive. Three were four-room flats that transacted for between $937,500 and $1.17 million.
The remaining transaction was a 113 sq m five-room unit that was sold for $1.2 million.
Some analysts say the prices could serve as benchmarks for other transactions in the area, while others cautioned against thinking that “million-dollar” transactions would be the norm for flats there.
The deals were among the first resale transactions from the new estate, where flats in Alkaff Vista – which comprises 199 four-room and 151 five-room flats – recently fulfilled their five-year minimum occupation period (MOP).
Build-To-Order (BTO) flats in Bidadari were significantly oversubscribed when launched in November 2015, with as many as 20 applicants vying for a five-room unit.
03:45
03:24
15:50
