A 3-room flat at Block 115C Alkaff Crescent, part of the Alkaff LakeView BTO project in Toa Payoh, has just sold for S$920,000 in July 2025, making it the second-highest resale price ever recorded for a 3-room HDB flat.
It narrowly misses the all-time high of S$935,000 set by a unit at SkyParc @ Dawson in April 2025. We hope you’re as interested as we are, in what makes this unit so special! Let’s dive right in…
Table of Contents
- The unit: Efficient layout, great view, and high floor
- Location and amenities
- The windfall: Up to S$623,000 in profit
- 3-Room HDB resale trends across the island
The unit: Efficient layout, great view, and high floor
This 3-room unit spans 764 sqft, making it one of the more spacious layouts for its type. What really stands out is the dumbbell configuration, with bedrooms flanking either side of the living and dining space, meaning zero corridor wastage.
Despite being a compact 3-room flat, the unit includes a balcony, which has become a rare feature for newer 3-room flats. The windows and the balcony open up to the lake views, further enhancing its appeal.
Located on the 13th to 15th floor of a 17-storey block, the unit overlooks Alkaff Lake and, we assume, enjoys a good dose of natural light and good ventilation.
Location and amenities
Alkaff LakeView sits at the heart of the Bidadari estate, a modern city-fringe neighbourhood. This particular block — 115C Alkaff Crescent — is part of a newer-generation HDB precinct completed in 2020, with contemporary flat layouts, sheltered walkways, and landscaped communal areas built around Alkaff Lake and Bidadari Park.
Connectivity is one of the estate’s biggest strengths. The flat is just a 5 to 6-minute walk to Woodleigh MRT (North-East Line), offering direct access to the city via Dhoby Ghaut or Outram Park. Commuters also benefit from multiple bus routes along Upper Serangoon Road and Bartley Road. For drivers, the Central Expressway (CTE) and Pan-Island Expressway (PIE) are easily accessible, making the area well-connected from all angles.
When it comes to daily essentials and lifestyle needs, residents have Woodleigh Mall just across the road, anchored by FairPrice Finest, a medical centre, enrichment schools, and F&B options. There’s also NEX Megamall at Serangoon (one MRT stop away), with over 300 retail outlets, a public library, and a cinema. The Woodleigh Village Hawker Centre is easily accessible from Block 115C.
Residents also have Bidadari Park and Alkaff Lake right at their doorstep, perfect for morning runs, weekend strolls, or a coffee break with scenic balcony views. The estate is family-friendly, with a good selection of schools and childcare centres in the vicinity like:
- Cedar Primary and Secondary School ~750m
- Maris Stella High School (Primary & Secondary) ~1.4km
- St. Andrew’s Junior and Secondary School ~1.8km
- MOE Kindergarten @ Cedar and multiple Sparkletots preschools within walking distance
In short, Alkaff Lakeview in Bidadari offers a rare blend of new-town liveability with mature-town accessibility, and for buyers seeking a centrally located, lifestyle-rich environment, it’s easy to see why units here continue to fetch high prices.
The windfall: Up to S$600,000 in profit
Back in 2016, 3-room flats at Alkaff LakeView were launched under the BTO scheme with prices starting from S$297,000. At a resale price of S$920,000 today, the original owner could be looking at a gross profit of around $553,000-S$600,000 after adjusting for floor premium (do take the number with a grain of salt though, since there are many expenses such as agent commissions, legal fees, and other transaction-related expenses, which could affect the final take home amount!).
This makes the transaction not just a milestone for 3-room flats, but also part of a broader trend. Alkaff units have been consistently inching toward higher benchmarks, especially for high-floor, well-located flats.
Recent high-price 3-room resale transactions at Alkaff
| Date | Address | Floor Range | Size (sq ft) | Price | PSF | Type | Tenure | TOP |
|---|---|---|---|---|---|---|---|---|
| 07/2025 | 115C Alkaff Crescent | 13–15 | 764 | S$920K | S$1,204 | 3-Room (Model A) | 99 yrs | 2019 |
| 12/2024 | 115C Alkaff Crescent | 13–15 | 764 | S$900K | S$1,178 | 3-Room (Model A) | 99 yrs | 2019 |
| 05/2025 | 118A Alkaff Crescent | 10–12 | 775 | S$880K | S$1,135 | 2 Bedrooms | 99 yrs | 2019 |
| 04/2025 | 118A Alkaff Crescent | 16–18 | 732 | S$860K | S$1,174 | 3-Room (Model A) | 99 yrs | 2019 |
| 05/2025 | 118A Alkaff Crescent | 4–6 | 775 | S$830K | S$1,070 | 2 Bedrooms | 99 yrs | 2019 |
| 04/2025 | 118A Alkaff Crescent | 13–15 | 732 | S$825K | S$1,127 | 3-Room (Model A) | 99 yrs | 2019 |
| 06/2025 | 115A Alkaff Crescent | 16–18 | 732 | S$825K | S$1,127 | 3-Room (Model A) | 99 yrs | 2019 |
| 01/2025 | 115C Alkaff Crescent | 7–9 | 764 | S$820K | S$1,073 | 3-Room (Model A) | 99 yrs | 2019 |
| 06/2025 | 118A Alkaff Crescent | 10–12 | 732 | S$820K | S$1,120 | 3-Room (Model A) | 99 yrs | 2019 |
| 07/2025 | 118A Alkaff Crescent | 10–12 | 732 | S$820K | S$1,120 | 3-Room (Model A) | 99 yrs | 2019 |
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3-Room HDB resale trends across the island
For a long time, 3-room flats were considered entry-level housing before upgrading to a larger unit. But that mindset is shifting fast.
In Q3 2025, the average resale price for a 3-room HDB flat across Singapore stands at S$469,743. Still under the S$500K mark, yes; but what’s more telling is that 3-room flats have appreciated steadily over the past five years, and now are at the same level as the coveted 4- and 5-room larger units.
In short, 3-room flats are gaining value faster, and are no longer just seen as transitional homes. This S$920,000 sale in Toa Payoh is a signal that buyers are willing to pay a premium for efficient layouts, newer leases, and MRT access, and smaller households are increasingly prioritising location and liveability over floor area.
At this pace, the first $1 million 3-room HDB flat might not be far off, and Toa Payoh may just be where it happens. We’ll be sure to update you if it does!
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