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Analysts expect high prices for Bidadari estate BTO flats

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Bidadari estate will soon have 2,150 new flats, consisting of two- to five-room units launched for sale under HDB’s Build-to-Order (BTO) exercise.

This launch will be the first of HDB flats in the Bidadari estate, and buyers with parents living in Toa Payoh, Potong Pasir, or within a 2km radius will have priority.

The estate is expected to house approximately 10,000 residential units eventually, as well as community malls, a lake and a ten-hectare park. The estate is situated in close proximity to two North East Line MRT stations, Woodleigh and Potong Pasir.

Property watchers expect prices of Bidadari units to be at a higher price point based on its city-fringe location.

Mr Eugene Lim, ERA Realty’s Key Executive Officer said to Channel NewsAsia that he expects prices for flats in the Bidadari estate to range from S$300,000 to S$350,000 for three-room flats, S$400,000 to S$450,000 for four-room flats and S$600,000 for five-room flats.

This BTO exercise is the first since the income cap was raised to S$12,000, which Mr Ku Swee Yong, CEO of Century 21, believes will draw more buyers.

Taken from iProperty

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Guest Monday, 10 December 2018