Bidadari 3-room resale sets $945,000 record for Toa Payoh

A 3-room flat at Alkaff Lakeview in Bidadari changed hands for $945,000 in June, a new high for Toa Payoh. The deal says less about the average flat and more about how far buyers will stretch for a newer lease in a completed, city-fringe estate.

What happened

HDB resale records show a 72 sqm (775 sq ft) 3-room flat at Block 118A Alkaff Crescent sold for $945,000 in June 2026. That works out to about $1,219 psf. The unit sits in the 16 to 18 storey band, at or near the top of the block, and had roughly 93 years and 6 months left on its lease at the point of sale.

The previous Toa Payoh 3-room high was $930,000, set in October 2025 by a 71 sqm unit in the same storey band at the neighbouring Block 115C Alkaff Crescent. Before that, records at 115C were set at $920,000 in July 2025 and $900,000 in December 2024. Four record deals in 19 months, every one of them inside the same Bidadari project cluster.

Four record deals in 19 months, all at Alkaff Lakeview in Bidadari. Source: HDB resale transactions via data.gov.sg

How unusual is $945,000 for a 3-room flat?

Very. Across the whole of Toa Payoh, 423 3-room flats changed hands in the 12 months to June 2026, at prices from $280,000 to $945,000. The median was $388,888. The record deal is therefore about 2.4 times the typical 3-room transaction in the same town.

The gap is really a tale of two markets under one town name. Most Toa Payoh 3-room flats are older units with decades of lease already run down. The Bidadari flats are different in almost every way that matters to buyers: leases only six to seven years old, newer blocks, and a master-planned estate beside Bidadari Park, one MRT stop from the city fringe.

Even within Bidadari the premium is floor-sensitive. In the same month, a slightly smaller 3-room unit at the same Block 118A, but on the 4th to 6th floor, sold for $758,888. Buyers paid almost $190,000 more to move from a low floor to the top of the block. Larger flats there have crossed the million mark: a 4-room unit at 118A on the 1st to 3rd storey went for $1,050,000 in June.

Why prices here keep firming

HDB announced in early 2026 that the final four projects in Bidadari were completed, closing out an estate of 8,872 homes across 12 developments that began launching in 2015. That completion matters for resale pricing: there is no further BTO supply coming inside Bidadari, so demand for the estate now has only one outlet, the resale market. Add the usual scarcity mechanics, a limited pool of high-floor, park-facing units, and each new benchmark tends to become the floor for the next negotiation. That is the pattern the last four record deals trace.

What this means for you

• If you are hunting a 3-room resale flat, treat headline records as a segment signal, not a market signal. The median Toa Payoh 3-room flat still transacts near $389,000; the $945,000 deal lives in a different sub-market defined by lease age and estate quality.
• Sellers in newer city-fringe estates hold pricing power right now. With Bidadari’s BTO pipeline finished, comparable listings are the only supply, which supports firm asking prices for high-floor units.
• Buyers stretching for a near-full-lease flat should sanity-check the financing math first. At these prices a 3-room flat costs more than many 4-room flats one estate over, so weigh space against location honestly.
• Record prints tend to pull valuations up with a lag. If you own in Bidadari and are weighing a sale, a valuation done after a benchmark deal like this may land higher than one done before it.