Bishan: A five-room at Natura Loft has set a resale price record of $1.538 millions

The sale of a 5-room flat at Natura Loft for $1.538,000,000 (1,190 psf), on May 5, set a new record in Bishan. The 1,292sqft unit on the 30thfloor is located in Block 275A of Bishan Street 24.

The real estate agency ERA Realty Network announced in a press statement that two agents were involved with the transaction.

The Design, Build, and Sell Scheme, or DBSS, flat was listed in the last month at $1.589 million. The five-room apartment was sold by a multigenerational household with a young daughter and grandparents moving abroad.

This corner apartment boasts a panoramic view which is reflected on the balcony. “Higher floors lack the balcony and have bay windows instead, making this flat that much more desirable.”

The unit was listed on the marketplace for less than one month before a buyer found it.

ERA claims that a couple in its 30s, upgrading from a HDB unit, was drawn to the Bishan apartment’s location. Natura Lofts’ proximity to Whitley High School as well as Catholic High School as well as Bishan MRT Interchange that connects North-South Lines and Circle Lines contributed to the appeal of this flat.

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Natura Loft is made up of five 40 storey residential buildings with a total 480 units. The 99 year leasehold DBSS was completed by 2012. This sale of a five-room unit marks the 2nd time that a Natura Loft resale has exceeded the $1.5M threshold. On May 17, an HDB-resale caveat indicates that a 1,292 sf unit was sold at $1.5 million (1,160 psf). A similar sized five room flat in the nearby block 273B Bishan Road 24 sold for $1,129 per square foot on Jan 23.

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