A Four-Room Flat in Bidadari Was Just Sold for a Record $1.368M — Here’s Why Prices There Are Setting Higher Records

The sale of a four-room flat at Alkaff Lakeview in Bidadari has set a record resale price for a four-room flat in Toa Payoh. The 1,043 sq ft flat, on the 10th-12th floor at block 118A Alkaff Crescent, was sold for $1.368 million ($1,311 psf) earlier this week.

This trumps the previous record for a resale four-room HDB flat in Toa Payoh, which involved a unit in the neighbouring block in Alkaff Lakeview, at block 115C Alkaff Crescent. The runner-up is another four-room unit of the same size, on the 13th to 15th floor, that changed hands for $1.336 million ($1,281 psf) when it was sold in January this year.

Alkaff Lakeview has recorded several million-dollar flats in over the past year or so.

At block 118A (excluding the record deal) million-dollar sales have ranged from $1 million ($999 psf) for a 1,001 sq ft unit on the fourth to sixth floors which was sold last April, to $1.25 million ($1,206 psf) for a 1,043 sq ft unit on the 10th to 12th floors that transacted in February 2025.

The development is a Build-To-Order (BTO) project that was launched during the November 2015 BTO sales exercise. Designed by MKPL Architects, the 531-unit BTO project features three residential blocks and a mix of three- and four-room flats. It was completed in 2019.

There are several factors that support the strong price growth and million-dollar transactions at Alkaff Lakeview. The project is bounded by Upper Aljunied Road, Alkaff Crescent, and Bidadari Park Drive.

It is opposite The Woodleigh Mall, an integrated development that is connected to Woodleigh MRT station on the North-East Line. In addition, three primary schools are within a 1km vicinity of the BTO, namely Cedar Primary School, Maris Stellar High School, and St. Andrew’s School (Junior).

Many of the north-facing units in Alkaff Lakeview face the neighbouring Bidadari Park, and high-floor units have an especially good vantage of Alkaff Lake, an attribute that likely contributed to the name of the development.

Most of the units in Block 115C front this neighbouring green space, and this is where the previous record-holder of the resale four-room sale is located. Other top sales include a 1,043 sq ft unit on the 13th to 15th floor that fetched $1.32 million ($1,266 psf) when it was sold in Dec 2025.

Read our previous coverage of Alkaff Lakeview: This 3-Room Flat in Toa Payoh Just Sold for $920K — Here’s What The Seller Could Have Made.

In January, HDB announced that the last four projects in Bidadari have been completed, about 10 years after the first developments in the 93ha estate were launched in 2015. The latest projects are ParkEdge @ Bidadari, ParkView @ Bidadari, Bartley Beacon, and Bartley GreenRise.

There are now 12 developments in the estate comprising 8,872 homes. Among the 8,443 flats booked to date, about 8,327 (98%) flat buyers have moved into or collected their keys to their new homes, according to stats published in January.

Record five-room sale in Bukit Batok

Separately, the sale of a five-room Premium Apartment flat at Block 296C Bukit Batok Street 22, within a BTO project named Skyline II @ Bukit Batok, has set a record price for a resale five-room in Bukit Batok. The 1,237 sq ft unit on the 37th to 39th floors transacted for $1.058 million ($856 psf) when it was sold last week.

This beats the previous record price for a resale five-room flat in the area, which had involved a 1,215 sq ft unit that is also in Skyline II @ Bukit Batok – at Block 296B Bukit Batok Street 22 – that changed hands for $1.025 million ($843 psf) in January 2026. That unit is located on the 28th to 30th floor.

So far, this is the only million-dollar resale transaction at Block 296B. But there have been three million-dollar deals lodged at Block 296C, where the record deal was recently closed.

The other million-dollar deals in that block are a 1,237 sq ft unit on the 28th to 30th floor that fetched $1.008 million ($814 psf) when it was sold in July 2025, as well as a 1,215 sq ft unit on the 22nd to 24th floors that was sold for $1.003 million ($825 psf) in June 2025.

We previously reviewed this project, Skyline I & II @ Bukit Batok, and you can read our write-up of the project here.

Launched together collectively as Skyline I & II, the entire development is a 1,232-unit BTO project that was part of the March 2012 BTO sales exercise. The development consists of five residential blocks of 23- to 38-stories and a mix of three- to five-room Premium flats.

Back then, the 731 sq ft three-room flats had indicative prices of $200,000 to $253,000, while the four-room flats which spanned 989 – 1,022 sq ft were priced from $301,000 to $416,000. The five-room flats are 1,205 – 1,237 sq ft and their indicative prices were $408,000 to $530,000.

Some of the four- and five-room units have balconies provided in the living/dining room and corner windows in the main bedroom.

New BTO projects in Bukit Batok have not been as frequent in recent years, since most of the new BTO projects coming up in the West have largely been concentrated in the emerging Tengah precinct. Moreover, new residential supply is also focused around the Jurong East area as part of the development of the Jurong Lake District master plan.

With the spotlight on these two growth areas, it seems like there aren’t as many opportunities for resale transaction volumes in the Bukit Batok area. As a result, price growth at Skyline I & II has been relatively moderate over the past two years, based on resale transaction data.

Nevertheless, the development benefits from its central location in a mature and established residential town, with four primary schools within a 1km vicinity of the BTO, namely Bukit View Primary School, Keming Primary School, Princess Elizabeth Primary School, and Yuhua Primary School.

However, public transport connectivity is not as convenient, with the nearest MRT station – Bukit Batok on the North-South Line – more than 500m from the development. Even the future Toh Guan MRT station on the Jurong Region Line is more than 500m away, and that station is set to be operational in 2028.

Looking ahead, there is good reason for homeowners at Skyline II to be cautious with regards to the price trajectory of the development as a whole. For now, the project is next to a vacant and undeveloped site. But the latest Master Plan has zoned this as a future Business 1 development, and the proximity to Skyline II might stymie the overall price growth in the long-run.