A five-room HDB flat in Bishan was just sold for S$1.36 million, making it the most expensive HDB resale flat sold. The unit is in a DBSS project called Natura Loft, which has seen several million-dollar transactions over the years.
This transaction comes after a record-breaking deal of S$1.295 million three months ago for a five-room flat in the same project.
Measuring 1,292 sq ft, the sale price translates to S$1,052.63 psf. The unit is located on the 37th floor at Block 273B Bishan Street 24.
One notable aspect of Natura Loft is that it’s just around a two-minute walk from Catholic High School, one of the popular schools located in Bishan.
According to Straits Times, there were three groups of serious buyers, leading to a bidding war. The sellers were hoping the flat would fetch above the previous record of S$1.295 million. Although there was some reluctance to go beyond this figure, the buyers adjusted their offers, with some by up to four times.
While there was a last-minute offer of S$1.365 million, the sellers went ahead with the S$1.36 million offer.
It was also noted that the sellers were the second owners of the flat, as they bought the unit around five years ago. They’re now moving to private property.
According to our Researcher data, a 1,292 sq ft unit at Block 273B Natura Loft in the 36th to 38th floor range was bought for S$995,000 back in November 2016.
This record breaking deal also comes after the government’s announcement of the new Prime Location Public Housing (PLH) model. It introduces some restrictions on new and resale flats in prime locations, including a 10-year MOP, income ceiling and a subsidy clawback.
What do you think of this million-dollar HDB flat transaction? Let us know in the comments section below or on our Facebook post.
If you found this article helpful, 99.co recommends Record broken again, this time for a 5-room DBSS Bishan flat sold at S$1.295M and Million-dollar HDB flats are hiding a worrying resale price trend. Here’s proof.
Looking for a property? Find the home of your dreams today on Singapore’s fastest-growing property portal 99.co! If you would like to estimate the potential value of your property, check out 99.co’s Property Value Tool for free. Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
About Virginia Tanggono
Virginia covers the property news in Singapore, from record sales to profile stories on home ownership. In her free time, she occasionally searches for spoilers of movies and TV shows.
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
If you’re looking for your dream home, be it as a first-time or seasoned homebuyer or seller – say, to upgrade or right-size – you will find it on Singapore’s fastest-growing property portal 99.co.
Meanwhile, if you have an interesting property-related story to share with us, drop us a message here — and we’ll review it and get back to you.
Join our social media communities!
Facebook | Instagram | TikTok | Telegram | YouTube | Twitter
Leave a comment