S$930,000 Bidadari flat sets record for 3-room flats in whole district

Just three months ago, Alkaff LakeView made waves with a record-breaking 3-room flat sale at S$920,000. Now, it’s done it again – this time pushing the benchmark even higher. A recent transaction at S$930,000 has set a new all-time high, not only for the development but for the entire District 13 (Macpherson/Potong Pasir) area.

Details on the record-breaking unit

The record-setting flat is located at Block 115C Alkaff Crescent, part of the Alkaff LakeView project in the Bidadari estate. Spanning 764 square feet (71 sqm), the unit’s price works out to about S$1,217 per square foot – almost double the average psf for 3-room resale flats in Toa Payoh, which currently hover around S$660 psf in 2025, according to 99.co’s Researcher.

Curious if your home could be a million-dollar resale? Check its value in under a minute with 99.co’s Property Value Tool.

Perched between the 16th and 18th floors, the flat offers open views and a modern layout. Completed in 2019, the project’s 99-year lease officially began in 2020, leaving about 94 years and 3 months remaining. Owners likely collected their keys between late 2019 and early 2020, which means the 5-year Minimum Occupation Period (MOP) would have been fulfilled around late 2024.

If you remember, this area was among the most oversubscribed BTO launches back in 2015, thanks to its highly convenient location. You’ll find Woodleigh MRT on the North-East Line and Woodleigh Mall just a short stroll away. One stop down, you’ll reach Serangoon MRT, which connects you to NEX Megamall. Daily conveniences are close too, with a commercial block (115B) nearby that houses eateries and other essential shops.

For a closer look at amenities and nearby schools, take a look out at our earlier feature on Alkaff LakeView.

It’s not the priciest 3-room flat in Singapore – but it’s close

You might assume that at S$930,000, this Bidadari unit takes the national crown for 3-room HDB resale flats – but not quite. That honour still belongs to a SkyParc @ Dawson flat in Queenstown, which fetched S$935,000 in April 2025.

Still, the Bidadari sale is just S$5,000 shy of that record. With such a narrow gap, it wouldn’t be surprising if another Alkaff LakeView unit soon surpasses the national high.

This transaction also marks the second 3-room flat in the estate to exceed S$900,000, with the first reaching S$920,000 back in July 2025.

Only a handful have crossed the S$900K mark (for now)

To date, these are the only three transactions from Alkaff LakeView that have crossed or reached the S$900K milestone:

There haven’t been many S$900K sales recorded so far, and that’s actually a good thing. It shows that transactions at this price point are outliers rather than the norm. Still, plenty of flats in Alkaff LakeView have changed hands in the S$800K range, reinforcing how strong demand for the project is here to stay.

When you zoom out and look at price trends over the past five years, Alkaff LakeView’s performance clearly stands out. Its average price per square foot (psf) is significantly higher than both the Toa Payoh and national averages.

Specifically, Alkaff LakeView’s average psf is about 19% higher than the overall District 13 average. Even with the district seeing a slight jump in recent quarters, there’s still a sizable gap. When compared to 3-room flats in Toa Payoh, the premium widens to around 62% higher – and against the Singapore-wide average, it climbs to a whopping 73% difference.

Who’s buying at this price point?

It’s natural to wonder who’s paying close to S$1 million for a 3-room flat when larger 4- or 5-room homes are available at similar price points. But for some buyers, Alkaff LakeView offers qualities that justify the premium.

These units often appeal to singles or couples without children, who prioritise location, modern design, and convenience over sheer size. Living here means being steps away from Woodleigh MRT and Woodleigh Mall, with quick access to major transport links and lifestyle amenities – something you don’t always get in older or more affordable estates.

You might also find long-term homeowners drawn to these flats. They’re not necessarily looking for short-term profits or rental gains. Instead, they’re choosing a newer development with a strong community feel and plan to stay for many years. The estate’s layout, green spaces, and family-friendly facilities make it an easy place to settle into.

Still, paying such a high quantum for a compact unit does raise eyebrows. It signals that buyers are becoming more comfortable with higher price expectations, even for smaller flats – especially when the property checks all the right boxes. Convenience, lifestyle, and long lease balance out the compact space, showing that for some, it’s not just about square footage anymore – it’s about finding a home that fits their way of life.

And if recent trends are anything to go by, Alkaff LakeView’s appeal isn’t fading anytime soon.

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