HDB Executive Maisonette in Bishan Street 24 sells for S$1.45 million, sets new benchmark

 The unit in question may be an executive penthouse offering unobstructed views of the surroundings and close proximity to Ang Mo Kio-Bishan Park.

Million-dollar maisonettes in Bishan

While the executive maisonette at 278 Bishan Street 24 has set an unprecedented record, three other maisonettes located in various parts of Bishan also achieved million-dollar sales in September.

One such sale was a 1,604 square feet maisonette situated on a lower floor (levels 1 to 3) at 401 Sin Ming Avenue, which changed hands for an impressive S$1,008,888.

The HDB block at this location was completed in 1985, and the property still enjoys 61 years remaining on its 99-year lease.

Additionally, another maisonette with 1,572 square feet of space at 146 Bishan Street 22 fetched S$1.165 million, while a similarly sized unit at Bishan Street 13 was successfully sold for S$1.188 million.

Across the street, Natura Loft, a 480-unit HDB development constructed under the Design, Build and Sell Scheme (DBSS) on Bishan Street 24, also witnessed record-breaking transactions in the same month.

The new record was established when a five-room unit occupying 1,292 square feet on the 34th to 36th floor of Block 273B changed hands for an impressive $1.43 million.

This transaction represents the highest value recorded to date at the Natura Loft development, surpassing the previous record of S$1.4 million set in June by another five-room flat.

Maisonettes: one of the rarest HDB properties

First built in the 1980s, HDB maisonettes are double-storey flats and come with high ceilings.

HDB eventually stopped building HDB maisonettes in 1995 when Executive Condos were introduced for the sandwiched class.

Hence these properties became one of the rarest types of HDB flats prized by potential buyers in resale market.