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Bishan DBSS flat sold at $1.2 mil

By Feily Sofian

/ The Edge Property |

February 1, 2017 11:19 AM SGT

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A 120 sq m penthouse unit at Natura Loft, a DBSS project on Bishan Street 24, fetched $1.18 million recently. It beat the last record price set by another five-room DBSS flat at City View @ Boon Keng which sold for $1.10 million last year. The highest price at The Pinnacle @ Duxton, meanwhile, was $1.12 million for a 106 sq m unit located above 40th floor.

SRI agent Joey Chan, who brokered the sale, says the property is one of a kind. "It is located above 35th floor with very high ceiling and view of the Bishan-Ang Mo Kio Park," she explains.

Chan says the property drew keen interests due to its rare attributes. She started marketing the property only in the first week of January. The property's location in Bishan and some 200m from Catholic High School further adds to its appeal.

In October last year, a five-room flat at Natura Loft changed hands at $1.04 million. Natura Loft was completed in 2011 and the flats would have fulfilled their five-year minimum occupation period in 2016.

HDB resale statistics show four-room flats at Natura Loft were sold between $700,008 and $818,000 in the 4Q2016 to Jan 2017 period, while five-room flats started from $830,000.

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