Path 1
Bidadari Owners,
what's next?
From 2024 onwards, HDB units in the Bidadari estate begun to hit the 5-year MOP mark.
For home owners in the Bidadari estate, you might be contemplating your next move.
This comprehensive Bidadari guide serves to give an idea of the available options for you, along with the necessary information for you before deciding on your next move.
What is your home worth?
Where can you go next?
How much can you get from renting out your home?
Get all your questions answered today!
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What are your options?
Move & Rent out
You're finally able to rent out the entire unit after the MOP.
This is a good option for those who would like to generate additional cash flow.
In most cases it should cover your mortgage and running expenses, while still leaving you with some extra cash each month.
This path tend to be ideal for those who would like to relocate, or is moving to live with family members, while still holding on to the property.
To get a rough idea of the current rental rates, do refer to the table below.
Want to find out how much you can fetch for renting out your home? Click here to drop us a message!
Move & Sell
The 5-year mark is usually when an estate registers the most number of units sold, as owners are able to finally cash out of their BTO flats.
Below are 5 common reasons why some owners would sell after MOP
RELOCATION
CASH OUT PROFITS
LIFESTYLE CHANGES
LARGER SPACE REQUIREMENT
ASSET PROGRESSION
Cashing out - how much can you get?
For most BTO owners, hitting the MOP mark enables them to cash out on their BTO profits.
But how much can you exactly get back?
The case example illustrates an example of how much Bidadari homeowners could cash out on.
Case Study - Bidadari 4 Room Flat*
Selling Price: $1,050,000
(Minus)
Outstanding Loan: ($350,000)
CPF + Accrued Interest: ($300,000)
Legal Fees: ($1,500)
HDB Submission fee: ($80)
Cash proceeds before agent fees: $398,420
*For illustration purpose only.
Actual cash proceeds can differ on case by case basis.
Where to consider after Bidadari?
Before moving, don't forget to consider - where next?
Here are some possible neighbourhoods you could move to.
01
SERANGOON
Intersecting between two MRT lines, an all encompassing mall, and the famed Chomp Chomp, Serangoon is a convenient location for families.
With an abundance of food and shopping options, it remains one of the most popular neighbourhoods in the North-east region. Rosyth School being one of the top Primary schools, also attracts a fair number of parents looking to shift for their kids.
03
BARTLEY
Towards the Eastern end of the Bidadari estate lies a fairly quiet and less densely populated neighbourhood of Bartley.
Bartley is a private estate, with a mix of both condos, apartments, and landed properties. Its proximity to both Serangoon and Paya Lebar, coupled with the nearby schools like Maris Stella High and Cedar Primary, makes it a strong favourite for families with kids.
02
HOUGANG
Further up the North-east area lies the non-matured estate of Hougang. The range of private and public housing, creates opportunities or those looking at value-for-money homes.
Several malls serve the residents of Hougang - with Hougang mall, The Midtown, and even Heartland Mall at Kovan. Nature and Education are also fulfilled, being in close proximity to Serangoon Park Connector, Punggol Park; as well as Monfort Junior, Holy Innocents Pri, and CHIJ.
04
POTONG PASIR
To the South of Bidadari estate lies Potong Pasir, a matured estate within the RCR region. HDBs in this estate tend to be slightly older, whilst newer condos have sprouted out these years.
The MRT also features an integrated development linked to the Poiz Mall, serving residents who value convenience. Don't forget the nearby Venue Shoppes as well, with several food options to satisfy your dinner and late night cravings.
Prices of 4-5-room HDB Flats in the area
Neighbourhood | Age of Flats | Price range |
|---|---|---|
Potong Pasir | 1984 - 1999 | $550k - 770k
|
Hougang | 1984 - 1999 | $525k - 885k |
Serangoon Central | 1984 - 1999 | $585k - 980k |
Source: PropNex Investment Suite.
Data accurate as of June 2024.
Prices of 3-bedroom Condos in the area
Condo Development | Age of Condo | Average Price | Downpayment | Min income for 75% loan |
|---|---|---|---|---|
Park Colonial | 2021 | $2.2 M | $630K | $15,820 |
The Tre Ver | 2022 | $2.1 M
| $600K | $15,090 |
The Woodleigh Residences | 2023 | $2.3 M | $660K | $16,475 |
Source: PropNex Investment Suite.
Data accurate as of June 2024.
Who are we?
Meet the ThreeStoreys Bidadari team - Jason and Silas!
As residents staying within the vicinity of Bidadari, we often frequent the area and have strong affinity towards the estate. That's why we created this ultimate Bidadari guide - to allow our clients and other Bidadari residents to learn more about the Bidadari estate!
Bringing together our expertise in housing mortgage as well as sales marketing - we have also assisted countless first-timers and upgraders in their property planning. With a focus on detailed financial calculations and long-term planning, we help both future Bidadari buyers and Bidadari sellers attain their dream homes without worry!
Thinking to sell or rent out your Bidadari home?
If you're an existing Bidadari homeowner considering to move, reach out to us to discuss your options.
Silas Tan (8511 2224), Jason Lee (8022 2918)
CEA Reg. No: R000303I, R064217I | PropNex Realty Pte Ltd | License No.: L3008022J
© 2024 by ThreeStoreys Singapore. The everyday real estate guide for the everyday Singaporean.