Five Room Flat Natura Loft Sets Resale Record 1538 Mil Bishan
The sale of a five-room flat in Natura Loft has set a new record in Bishan for resale prices on May 5. The flat, located on the 30th floor of Block 275A along Bishan Street 24, was sold for $1.538 million, equating to $1,190 per square foot. The 1,292 square feet unit comprises five rooms and is considered an ideal space for a multigenerational family, complete with a young child and grandparents. However, the family is now relocating overseas, which prompted the sale.On the note of the sale, ERA Realty Network, a leading real estate agency, shared that two of its top agents, senior marketing directors Shawn Kuah and Emily Yeoh, had overseen the transaction. The pair were representing the seller at Natura Loft.Residential property market watchers are abuzz with the news as this DBSS flat is now considered to hold the record for the highest resale price ever achieved in Bishan. Its pricing was reflected in the initial listing, which was set at $1.589 million back in April. The sellers were a multigenerational family that was upgrading and found another buyer after the first one failed to exercise their Option to Purchase (OTP).With the sale of the aforementioned unit now sealed, Kuah has confirmed that the buyers are a young couple, both in their 30s, that were previously residing in an HDB flat and looking for an upgrade. One of the key factors that persuaded the couple to seal the deal on Natura Loft was its strategic location in the heart of Bishan. Notable landmarks such as Whitley Secondary School, Catholic High School, and Bishan MRT Interchange, which seamlessly connects the North-South and Circle Lines, all served to make Natura Loft all the more attractive.Natura Loft is not the only upscale residential property in Bishan. The project comprises a total of five 40-storey residential blocks, with 480 units in total. Offering a 99-year leasehold, Natura Loft’s development was completed back in 2012. The project’s details can be easily found on EdgeProp’s widely acclaimed property analytics tool, Landlens.Natura Loft’s success in garnering the highest resale price in Bishan only further underlines the region’s desirability as an upmarket residential area. The total amount paid for the five-room flat is now considered to be the benchmark for facilitated transactions in Natura Loft.
The recent sale of a five-room flat at Natura Loft has set a new record for resale prices in Bishan. The property, located on the 30th floor of Block 275A on Bishan Street 24, was sold for a whopping $1.538 million, at a price of $1,190 per square foot. Measuring 1,292 square feet, this unit is perfect for a multi-generational family with a young child and grandparents. However, the sellers, who are relocating overseas, were prompted to sell their home.
In a press release, ERA Realty Network, a renowned real estate agency, announced that their agents Shawn Kuah and Emily Yeoh, both senior marketing directors, had facilitated the transaction. They were representing the seller of the Natura Loft unit.
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This record-breaking sale price has created quite a buzz in the residential property market. The initial asking price for the DBSS flat, which was listed in April, was $1.589 million. The sellers, a multi-generational family, found another buyer after the first one failed to exercise the Option to Purchase (OTP).
The buyers of this unit, a young couple in their 30s, were previously residing in an HDB flat and were looking to upgrade their living quarters. The strategic location of Natura Loft in Bishan was one of the key factors that convinced them to seal the deal. The presence of prominent schools like Whitley Secondary School and Catholic High School, along with the convenience of the Bishan MRT Interchange, which connects the North-South and Circle Lines, made Natura Loft a highly desirable property.
Natura Loft is not the only upscale residential property in Bishan. The project consists of five 40-storey residential blocks, offering a total of 480 units on a 99-year leasehold. The development was completed back in 2012, and more information about the project can be found on EdgeProp’s property analytics tool, Landlens.
The success of Natura Loft in fetching the highest resale price in Bishan is a testament to the region’s appeal as a prime residential area. The sale of this five-room flat has now set a benchmark for future transactions in Natura Loft.