Residents of Bidadari are making headlines by resisting the lure of lucrative property offers, despite the potential for hefty profits. Among them is Darwin, a 40-year-old IT solutions executive who has tired of property agents knocking on his door in pursuit of quick sales. To reclaim his peace, Darwin has displayed a bold message: 'Dear property agents, please do not knock on our door. We are not planning to sell our house anytime soon.'

Darwin’s sentiment resonates with many of his neighbors in Block 106A Bidadari Park Drive, where similar signs have become a common sight. The recent surge in approaches from property agents follows the sale of a five-room unit for a jaw-dropping $1.2 million last month. And residents have every right to be cautious—recent data from the Housing and Development Board (HDB) reflects three four-room flats in the area fetching between $937,500 and $1.17 million, signaling a booming resale market.

Just five years ago, the launch prices for four-room flats at Alkaff Vista ranged from $433,000 to $550,000, making the recent upscale sales astonishing. The homeowner who sold the $1.2 million property could have netted a whopping $575,000 profit if they purchased their unit at its highest launch price.

But amidst these encouraging financial prospects, many residents are choosing stability over speculation. Darwin, for instance, is keen on keeping his home, especially because it lies close to St Andrew's School, where his children attend. 'I think the person overpaid for that flat,' Darwin added, expressing skepticism over the soaring prices.

Another resident, identified only as Tan, shares similar views. She has no intention of selling her five-room flat, valuing its strategic location on the city fringe, along with the convenience of nearby amenities like MRT stations and The Woodleigh Mall.

Many local experts agree that these recent transaction prices are hardly surprising. Sing Tien Foo, a professor at the NUS Business School, noted that property prices in Bidadari are on par with other flourishing city-fringe locations like Dawson. He also highlighted that these transactions could very well set a high benchmark for future resale prices in the area.

Despite the ongoing property excitement, Christine Sun from OrangeTee Group has cautioned potential buyers against assuming that million-dollar listings are now the norm. With a growing supply of flats likely to restrict price appreciation, prospective buyers should approach with care. In fact, the Ministry of National Development recently reported that million-dollar resale transactions account for just about 2% of all transactions in the last year and a half.

As the property frenzy continues, residents of Bidadari seem united in their decision to hold the fort rather than cash out. Their steadfastness might just be this season's most intriguing real estate story, leaving questions about the future dynamics of Bidadari's property market.