Bishan DBSS flat sold for record $1.2m

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Flats at Natura Loft in Bishan continue to fetch a handsome price, with the recent sale of a five-room unit there again crossing the $1 million mark.

According to data from the Housing Board, the flat, with just under 90 years of its lease left, was sold for $1,208,000 this month.

It is believed to be the highest resale price for a Design, Build and Sell Scheme (DBSS) unit, Chinese newspaper Shin Min Daily News reported yesterday.

The 120 sq m unit is believed to be between the 28th and 30th storeys.

The previous record price for a DBSS unit was the $1,205,000 paid for a five-room flat on the 39th-storey at City View in Boon Keng.

In August this year, a similar-sized unit at Natura Loft, also on a high floor, sold for about $1.08 million.

In 2017, a unit there made headlines after it fetched a record price of $1.18 million.

DBSS flats are Housing Board flats designed, built and sold by private developers.

Experts who spoke to The New Paper said the new record is not a surprise, given that the housing market has been on the rebound after the circuit breaker.

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