Located between Serangoon and Kallang, Bidadari is a relatively new estate in Singapore. Over 70 per cent of its Build-To-Order (BTO) flats have been completed in the past five years, with the remaining units expected to be ready by the end of this year.
Over 70 per cent of its Build-To-Order flats have been completed in the past five years, with the remaining units expected to be ready by the end of this year.
Three-room flats in the 531-unit Alkaff LakeView were priced between $297,000 and $385,000 during the November 2015 BTO exercise, while four-room and five room units went for up to $550,000 and $625,000 respectively.Four residents whom AsiaOne spoke to on Friday were surprised that a modest 731 sq ft unit in the new Bidadari estate could fetch such an eye-raising sum.
Spanning more than 18 football fields, the Hundred Acre Wood-inspired park has a lake and 5.2km network of trails running through greenery. The median resale price for three-room flats has also seen a steady increase - from $370,000 in 2022 to $390,000 in 2023, followed by $410,000 this year. Eugene Lim, key executive officer of ERA Singapore, said that the rising prices of three-room flats in the resale market is due to buyers aged above 55 who "downgraded' from private property.
He cited several measures to address these worries, including the new Housing Board flat categorisation framework and increased subsidies for first-time public housing applicants.
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