PHOTO: Screengrab/Google MapsIn a notable development for the Bishan property market, a 5-room HDB flat has achieved a new record resale price. As of June 1, 2024, this sale reflects the increasing demand and perceived value of high-quality public housing in Singapore.About Natura Loft 275A Bishan Street 24
Stepping out, residents enjoy convenient access to public transportation with Bishan MRT station just a short walk away, while Marymount and Teck Ghee stations are also nearby. Several bus stops are conveniently located, including those near Whitley Secondary School and Bishan North Shopping Mall. For those seeking fresh produce, there are several wet market options nearby. Ah Kee Market is conveniently close by, while Serangoon Wet Market and Quan Chui Wet Market are a short drive away.
This might be an indication that the rising prices of the units have led to lower demand, thus the lower transacted volume. However, the price seems to be gaining momentum.High-floor location: Units on higher floors often command higher prices due to better views and reduced noise. To compare, we've drafted comparative graphs of Blocks 273A and 273B, that include overall transactions, 4-room transactions, and million-dollar transactions.Notably, 275A consistently achieves higher average prices compared to 273A and 273B, particularly from 2020 onwards, reflecting a growing premium for this block.
The transaction volumes vary significantly year-to-year, with noticeable spikes in certain years, reflecting fluctuating market activity. The sustained increase in average prices indicates growing demand and appreciation in value for 4-room flats in this area.