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Strong demand for Bidadari flats entering resale market

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RESALE PRICES,PUBLIC HOUSING

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...

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.

They said resale buyers are keen on the units even though it is a new estate because of its convenient location on the city fringe and proximity to amenities such as MRT stations and The Woodleigh Mall. Four-room flats in Alkaff Vista were priced between $433,000 and $550,000 when they were launched in 2015, and five-room units went for $544,000 to $625,000.

Ms Wong Siew Ying, head of research and content at PropNex, said prices of the Bidadari resale flats were comparable to those of flats with a remaining lease of 94 to 95 years in Toa Payoh, a mature town.

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