Alkaff LakeView sets new record with S$930,000 sale for 3-room HDB flat
A 3-room flat at Alkaff LakeView in Bidadari has sold for S$930,000, breaking its own previous record and setting a new benchmark for District 13. The transaction highlights continued demand for newer, well-located HDB flats near MRT stations and amenities.
- A 3-room flat at Alkaff LakeView sold for S$930,000, setting a new record for both the estate and District 13.
- The unit’s price equates to about S$1,217 psf — nearly double the Toa Payoh average of S$660 psf.
- This is the second Alkaff LakeView 3-room unit to exceed S$900,000 within three months.
SINGAPORE: Just three months after setting a record with a S$920,000 sale, Alkaff LakeView has surpassed itself again.
A recent transaction at Block 115C Alkaff Crescent has reached S$930,000, marking a new high for both the development and Singapore’s District 13 (Macpherson/Potong Pasir).
The 764-square-foot flat, equivalent to about 71 square metres, achieved an impressive S$1,217 per square foot, according to property portal 99.co.
This rate is nearly double the current 2025 average of S$660 psf for 3-room resale flats in nearby Toa Payoh.
Situated between the 16th and 18th floors, the flat offers open views and a modern interior layout.
Alkaff LakeView, completed in 2019, has a 99-year lease starting from 2020, leaving approximately 94 years and 3 months remaining.
Owners likely received their keys between late 2019 and early 2020, meaning the Minimum Occupation Period (MOP) was fulfilled around late 2024.
According to 99.co, the Bidadari estate was one of the most oversubscribed Build-To-Order (BTO) launches in 2015, largely due to its prime location and connectivity.
Residents benefit from proximity to Woodleigh MRT station on the North-East Line and Woodleigh Mall, both within walking distance.
Just one stop away, Serangoon MRT provides access to the NEX Megamall, while daily conveniences are available nearby at the commercial block 115B, which houses eateries and retail outlets.
Although the Bidadari flat’s S$930,000 sale is a record for the district, it narrowly misses the national peak.
The highest-priced 3-room HDB resale flat in Singapore remains a SkyParc @ Dawson unit in Queenstown, which fetched S$935,000 in April 2025.
Nonetheless, the Bidadari transaction sits just S$5,000 below that national benchmark, indicating that prices for newer 3-room flats in central and city-fringe areas are closing the gap with long-established premium estates.
This marks the second 3-room unit at Alkaff LakeView to cross the S$900,000 threshold, following a S$920,000 sale in July 2025.
To date, only three units from the estate have breached that price level, underlining its rarity and strong buyer interest.
Market analysts note that such transactions demonstrate sustained demand for younger HDB flats in well-connected neighbourhoods, even amid rising interest rates.
Bidadari, once seen as an emerging residential area, is increasingly regarded as a mature town alternative due to its integrated transport, commercial, and community facilities.
Million-dollar flat deals hit new record as demand spreads beyond central estates
Singapore’s HDB resale market hit a historic milestone in September 2025, with 172 million-dollar transactions, according to data from SRX and 99.co.
This marks a sharp rise from 141 such deals in August, accounting for 7.9% of all resale transactions—the highest proportion ever recorded.
The priciest sale was a five-room flat in the Central Area at S$1.59 million, underscoring sustained demand for rare central units.
Even non-mature towns like Woodlands joined the trend, with an executive flat sold for S$1.12 million.
Toa Payoh led the rankings with 37 million-dollar transactions, ahead of Queenstown and Bukit Merah, reflecting the continued appeal of mature estates.
