15-year-old flat in Singapore’s Bishan sells for record $1.34M
A five-room flat in Singapore’s Bishan has sold for SGD1.71 million (US$1.34 million), setting a resale record for the flat type in the town.
A 15-year-old flat in Singapore's Bishan sold for a record $1.34 million, marking a 4.8% increase over the previous high. Natura Loft complex, where the unit was located, has already made other notable sales this year, including a four-room flat for $1.3 million in August. Natura Loft is Bishan's sole Design, Build and Sell Scheme development, contributing to its higher resale prices.
The complex comprises 480 units, with 160 flats evenly split between four- and five-room units. Block 273A, where the record-setting flat is situated, houses 160 flats and has approximately 83 years remaining on its lease, which is sufficient for buyers using bank financing. This recent sale reinforces Natura Loft's position as the clear price leader for five-room resale flats in Bishan, as all previous five-room record sales have been from this development. Recent five-room transactions in Bishan may lead to increased price divisions in the coming months.
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