News > 5-room HDB at Bishan Natura Loft sold for record $1.568 million
5-room HDB at Bishan Natura Loft sold for record $1.568 million
20 May 2024
$1.568 million for a 5-room flat at Natura Loft, Bishan
On May 11th, 2024, based on a record in RealInsight, a 5-room HDB flat on high floor at Block 275a Natura Loft at Bishan was sold for a record $1.568 million for a total area of 1,292 sqft. This translates to a $1,214 PSF. This became the 3rd highest transacted price ever recorded for HDB resale flats in 2024, surpassing a 3-room unit on the first floor at Block 76 Guan Chuan Street, which was sold for $1.55 million in April.
This also sets new high at Natura Loft as the most expensive transaction, surpassing the previous record of another 5-room unit on lower floor in the same block, transacted at $1.5 million in April 2024 – which is only 1 month ago.
Natura Loft is a Design, Build and Sell Scheme (DBSS) HDB development that is located along Bishan Street 24, Bishan HDB Estate. Completed in 2011, it has a total of 8 blocks with 480 units, ranging from 4 to 5 rooms. Average transacted price in the past 3 years is $972 PSF for 4-room and $996 PSF for 5-room units.
Map View of Natura Loft by RealInsight
DBSS units are built by private developers, characterised by unique external features, although owners are subjected to the same regulations as HDB owners. These units are highly sought after due to their rarity and larger living spaces. This demand for DBSS units, combined with their distinctive characteristics and the larger living spaces they offer, likely contributes to the steep high prices transacted at Natura Loft.
$1.54 million for a 5-room flat at Skyresidence @ Dawson, Queenstown
On May 3rd, 2024, a 5-room unit on high floor at Skyresidence @ Dawson was sold for $1.54 million, translating to $1,285 PSF for an area of 1,195 sqft. This transaction joins the top 6 most expensive HDB flat transactions of 2024, ranking below a 5-room unit at The Peak @ Toa Payoh, which was sold for $1.54 million on 19 January 2024.
Additionally, this unit set the new record with the highest transacted price within Skyresidence @ Dawson, and the first transaction that surpasses the $1.5 million mark in Queenstown area.
Skyresidence @ Dawson is a 99-year lease HDB development at Queenstown HDB Estate. Completed in 2021, it has a total of 1,217 units ranging from 2-5 rooms, transacted at an average of $981 - $1,171 PSF in the past 3 years. It is conveniently located just 6-minute walk to the Queenstown MRT station. Sheng Siong supermarket, Margaret Market and Margaret Drive Hawker Centre are located right below the blocks.
Map View of Skyresidence @ Dawson by RealInsight
Top 5 Million-dollar HDB Transactions in 2024 (as of 20 May 2024)
*Data is accurate as of the published date of this article.
*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.
All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.
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Continue to read our other data insights articles:
Above $1.5 million HDBs sold at Tiong Bahru in April: Guan Chuan Street and Boon Tiong Road
4-bedder at The Esta recorded 211% in total capital gain | 9-16/4 Weekly Property Market Updates
$1.52M for a 5-room HDB at The Pinnacle@Duxton recorded on 9 April
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