Flats from the Alkaff Vista project recently fulfilled their five-year minimum occupation period.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.
Now that the flats can be resold, property agents and analysts say prices reflect the high demand for homes in the area. Mr Chia said most prospective buyers were young couples looking to buy their first home and were drawn by Bidadari’s convenient location near Woodleigh and Potong Pasir MRT stations, as well as St Andrew’s School.
He added that the recently transacted prices in Bidadari would prop up resale prices in the area, setting the benchmark for the estate. Only 0.5 per cent of four-room and smaller flats transacted in the past two years were sold for a million dollars or more.