Bishan’s five-room Natura Loft apartment sets record for resale of $1.538m

On May 5, a five room flat in Natura Loft sold for $1.538,000,000 ($1,190/sqf). The 1,292 square feet unit, located on the block 275A Bishan Street 24, is situated at the 30th Floor.

In a statement, ERA Realty Network said that two of its agents had been involved in the deal.

The Design, Build, and Sell Scheme apartment was listed last month for $1.589. The multigenerational family, including a young child, grandparents and parents, that is selling the flat, was motivated by their desire to relocate overseas.

This corner unit has a view that is unobstructed, which can be seen on the balcony of the bedroom. “Higher floor flats lack this balcony in favor of bay windows. Making this apartment even more desirable.”

The unit was only on the market for a little over a month when it sold.

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ERA said the buyers were a couple of 30s who upgraded from an HDB apartment. They were drawn to the flat because it was conveniently located in Bishan. Natura Loft is close to Whitley High School and Catholic High School. Its accessibility to Bishan Interchange, which connects the North-South Line with Circle Line, also contributed to its appeal.

Natura Loft consists of five 40-storey blocks that contain 480 residential units. The 99-year DBSS development, which is a leasehold project, was completed in 2012 The sale marks the second instance in which a unit at Natura Loft that was resold exceeded the $1.5m threshold. A 1,292 sq ft HDB resale unit, which was priced at $1160 per square foot (based on HDB’s resale restrictions), was sold on May 17 for $1.5m. A five-room flat of the same size at 273B Bishan street 24 was sold on January 23 for $1.458m ($1,129 per sq ft).

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