Archive for category: Misc

A million-dollar record was set at Natura Loft, a 480-unit HDB development built under the Design, Build and Sell Scheme (DBSS) this month. A unit at Block 273B occupying 1,292 sq ft on levels 34 to 36 changed hands for $1.43 million, the highest transaction recorded at the development by absolute value.

The record price for a maisonette was also broken in September with three other maisonettes elsewhere in Bishan that crossed the $1 million mark. One was a 1,604 sq ft maisonette on a low floor (levels 1 to 3) at 401 Sin Ming Avenue that sold for $1.008,888. The block was completed in 1985 and the property has 61 years left on its 99-year lease.

A 1,572 sq ft maisonette at 146 Bishan Street 22 fetched $1.165 million, and another similar-sized unit at Bishan Street 13 was sold for $1.188 million.

However, earlier this month, a new record was set for an HDB executive maisonette unit at 278 Bishan Street 24 when it achieved a sale price of $1.45 million. The unit has a floor area of 1,851 sq ft and sits on the 19-21 floor of a 21-storey HDB block. Translated to $783 psf, the deal was closed by Huttons Asia’s Eugene Tay.

Tampines Ave 11 Condo Capitaland is a highly sought-after residential property in Singapore. It is surrounded by many shopping malls, restaurants, supermarkets, and entertainment venues, making it an ideal place for individuals and families. Moreover, excellent public facilities are also in close proximity, such as the Simei train station, bus interchange, and international schools. Additionally, numerous healthcare facilities are also nearby, ensuring convenient access to medical care.

The condo’s prime location also provides its residents with an array of business opportunities and connections. It is home to many leading office towers and luxury hotels, making it ideal for business and leisure. Additionally, the condo’s proximity to the Changi Airport, just a brief drive away via the PIE, is an added bonus for frequent flyers and those in industries requiring constant travel. Furthermore, many multinational corporations have set up in the nearby Changi Business Park, allowing for a convenient and short commute for working professionals. Keyword: Convenience

Maisonettes are rare as the HDB is no longer building them and they have been replaced by executive condos (ECs) since 1996. This particular block at 278 Bishan Street 24 contains 68 four-room flats and just eight maisonettes.

Lee Sze Teck, senior director of data analytics at Huttons Real Estate, says the transaction “could be a one-off”, given the rarity of such units. The unit could be an executive penthouse with unblocked views of the surroundings and close to Ang Mo Kio-Bishan Park.

Maisonettes are sought-after as they are double-storey and typically sized between 1,582 sq ft and 1,722 sq ft. These units have three bedrooms: a master bedroom with an en suite bathroom, two additional bedrooms sharing a common bath, a living area, a dining room and a kitchen.

Interestingly, the previous record price for a maisonette was established in December 2022 when a 1,641 sq ft unit at Toh Yi Drive, off Jalan Jurong Kechil, sold for $1.3 million, based on EdgeProp Singapore’s Landlens tool. The unit price achieved was $805 psf.

September saw a flurry of million-dollar transactions of maisonettes in Bishan, as well as the record-breaking sale of a HDB executive maisonette unit at 278 Bishan Street 24. With many properties in the area achieving the million-dollar mark, this area has certainly established itself as one of Singapore’s million-dollar HDB hotspots.