A 5-room HDB flat along Bidadari Park Drive has fetched an impressive S$1.2 million on the resale market, setting a new record for the entire estate.
The unit is located in Alkaff Vista, a development completed in 2019, which means it has just met its Minimum Occupation Period (MOP).
Source: Google Maps
The MOP refers to the minimum period homeowners must reside in their flat before selling it on the open market, typically set at five years.
Based on HDB’s records, the unit is located on one of the mid-level floors — from the seventh to the ninth — of Block 106A Bidadari Park Drive.
Source: HDB
The 5-room flat spans 1,216 sq ft and has nearly 95 years remaining on its 99-year lease.
Source: Google Maps
The property is known for its convenient location.
In addition to its proximity to Potong Pasir and Woodleigh MRT stations, shopping destinations like The Woodleigh Mall and The Poiz Centre are just a short walk away.
Educational institutions such as Maris Stella High School and St. Andrew’s Junior School are also nearby.
Another newly MOP-ed HDB flat commanding a seven-figure price is a four-room unit at Cheng San Court.
Source: Google Maps
Although slightly smaller than the Bidadari unit at 1,001 sq ft, the flat at 590B Ang Mo Kio Street 51 is located on a higher floor, somewhere on the 28th to 30th levels.
It has approximately 93 years and six months left on its lease.
When Cheng San Court first launched, four-room units were priced from S$435,000.
This means the original owners likely secured an estimated capital gain of around S$645,000.
Also read: Potong Pasir maisonette sold for S$1.24M, most expensive flat of its kind in estate
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Featured image adapted from Google Maps.
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