{"id":42513,"date":"2017-02-01T10:36:23","date_gmt":"2017-02-01T03:36:23","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbss-flat-in-bishan-sold-for-record-1-18m\/"},"modified":"2017-02-01T10:46:33","modified_gmt":"2017-02-01T03:46:33","slug":"dbss-flat-in-bishan-sold-for-record-1-18m","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbss-flat-in-bishan-sold-for-record-1-18m\/","title":{"rendered":"DBSS flat in Bishan sold for record $1.18m"},"content":{"rendered":"


\nArtist\u2019s impression of Natura Loft, a DBSS project in Bishan. Source: ADDP Architects
\nA five-room flat in Natura Loft, a Design, Build and Sell Scheme (DBSS) project in Bishan, has made headlines for becoming the most expensive resale transaction in a public housing development so far, reported The New Paper.
\nThe buyer forked out $1.18 million, after being attracted by the flat\u2019s breath-taking view, strategic location and spacious interior, according to the seller\u2019s agent, Singapore Realtor Inc\u2019s Joey Chan. Aside from being one of only 12 penthouses in the 480-unit project, its 120 sq m area means it is bigger than the typical five-room flats measuring 110 sq m.
\nThe deal, which closed on 29 January, also broke previous records set by DBSS units or flats in the Pinnacle @ Duxton. Last August, a DBSS unit at City View @ Boon Keng fetched $1.1 million, while a flat at the Pinnacle was purchased for $1.12 million in September.
\nOriginally, the five-room units at Natura Loft were launched at prices ranging from $590,000 to $739,000, while the four-roomers cost between $465,000 and $586,000. But after meeting the Minimum Occupation Period (MOP) of five years in 2016, 11 other five-room units were sold on the resale market for $830,000 to $1.04 million, while 14 four-roomers were bought for $700,008 to $818,000.
\nWhile these values are in line with market prices for upscale DBSS flats in Bishan, R\u2019ST Research Director, Ong Kah Seng, cautioned that these do not represent the resale market in general as prices remain soft.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…DBSS flat in Bishan sold for record .18m<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Artist\u2019s impression of Natura Loft, a DBSS project in Bishan. Source: ADDP Architects A five-room...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-42513","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-b3H","jetpack-related-posts":[{"id":121200,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dbss-flat-in-bishan-sells-for-record-1-295mil\/","url_meta":{"origin":42513,"position":0},"title":"DBSS flat in Bishan sells for record $1.295mil","date":"August 2, 2021","format":false,"excerpt":"\r DBSS flat in Bishan sells for record $1.295milThe previous record for an HDB resale unit was set in June, when a 49-year old terraced house in Whampoa was sold for $1.268 million. Photo: ERA A 5-room HDB flat in Bishan has set a new record as it changed hands\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/08\/DBSS-Bishan.jpg?fit=820%2C615&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122991,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/bishan-resale-flat-smashes-record-sold-for-1-36mil\/","url_meta":{"origin":42513,"position":1},"title":"Bishan resale flat smashes record, sold for $1.36mil","date":"November 3, 2021","format":false,"excerpt":"\r The five-room Natura Loft unit sold for $1.36 million, setting a new record for the most expensive HDB flat ever sold. A five-room Housing and Development Board (HDB) flat in Bishan was sold for $1.36 million, just three days after it was listed for sale, reported The Straits Times\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/Natura-Loft.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":22582,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/boon-keng-dbss-flat-sold-for-1-1m\/","url_meta":{"origin":42513,"position":2},"title":"Boon Keng DBSS flat sold for $1.1m","date":"August 11, 2016","format":false,"excerpt":"\r City View @ Boon Keng, which offers views of the Kallang River, saw a 5-room unit sold for $1.1 million. (Photo:\u00a0Sengkang~commonswiki \/ Wikimedia Commons) Despite a depressed resale market, a 28th-floor flat at City View @ Boon Keng was sold for $1.1 million \u2013 a record price for a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":101540,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hdb-terrace-near-whampoa-sold-for-record-1-185m\/","url_meta":{"origin":42513,"position":3},"title":"HDB terrace near Whampoa sold for record $1.185m","date":"November 22, 2018","format":false,"excerpt":"\r A total of 52 million-dollar HDB flats have been sold to date this year.\u00a0 A Housing and Development Board (HDB) terrace house along Jalan Bahagia near Whampoa was sold for $1.185 million in September \u2013 setting a new record for the priciest HDB unit sold, reported Channel NewsAsia citing\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":71623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/3-hdb-flats-resold-for-over-1mil\/","url_meta":{"origin":42513,"position":4},"title":"3 HDB flats resold for over $1mil","date":"November 13, 2017","format":false,"excerpt":"\r Despite a steady drop in HDB resale prices, at least three units in Holland Village and Commonwealth have been sold for more than $1 million so far this year, reported the Straits Times. According to PropNex, one of them is a 36th-floor unit at Block 18D in Holland Drive\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96465,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/a-gem-in-singapores-city-fringe\/","url_meta":{"origin":42513,"position":5},"title":"A Gem in Singapore\u2019s City Fringe","date":"August 22, 2018","format":false,"excerpt":"\r Artist\u2019s impression of JadeScape by Qingjian Realty. Special Advertising Feature Chinese developer Qingjian Realty\u2019s latest development JadeScape offers luxurious comfort, thoughtful design, extensive facilities, a host of smart features, and most importantly, a prime location. It\u2019s a well-known fact that prices of homes in Bishan \u2013 both HDB flats\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/08\/JadeScape-Skyline-Pool.jpg?fit=1200%2C594&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42513"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=42513"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/42513\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=42513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=42513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=42513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}