Project: Natura Loft

HDB Town Bishan

Address: 273A-B, 275A Bishan Street 24

Lease Start Date: Aug 2011

No. of Units: 480

If Natura Loft sounds familiar to you, it could be because it has been making headlines for minting million dollar HDBs.

Launched in November 2008 (right smack in the middle of the Global Financial Crisis), Natura Loft was the fourth DBSS project in Singapore that promised condo-like features such as an underground basement carpark (this was not the norm in HDBs then) and a condominium-looking facade.

The developer Qingjian Realty (also the developer of the upcoming Forett at Bukit Timah) braved the gloomy market sentiments and pushed on with its marketing efforts, with four-room flat prices ranging from $465K – $586K, while five-room flat prices ranged between $590K – $739K.

This may not sound like a lot now, but back then, this was a lot of money for property.

In fact, during the launch, Bishan Loft EC just reached its first MOP and you could purchase a 3-bedroom unit there for $700+K onwards, albeit on the lower floors.

Naturally, many were concerned over the high prices – especially that of the five-room flat that approached $700+K!