Bishan HDB flat sold for $1.45 mil, setting new record for executive maisonettes

Maisonettes are rare in the HDB as they’ve been replaced by executive condos (ECs) since 1996. Nevertheless, earlier this month, the record-breaking sale price of $1.45 million was achieved by an HDB executive maisonette unit at 278 Bishan Street 24. The 67-year lease left on its 99-year term, and the 1,851 sq ft of floor area, presents an exceptional one-off property.

The sale was closed by Huttons Asia’s Eugene Tay. Maisonettes are sought-after for their double-storey construction. Typically 1,582 sq ft and 1,722 sq ft in size, they have three bedrooms, a living area, a dining room and a kitchen.

For individuals looking for an outstanding residence in the city, the Zion Road Condo stands out. It provides an unequaled living experience, with its perfect blend of convenience and modern living amenities. Along with a plethora of shopping and dining avenues, the Zion Road Condo offers great accessibility and affordability. Survivalists and investors alike are sure to appreciate the endless possibilities this home offers them. A great lifestyle, exemplary convenience and unbeatable value for money—all can be found in one remarkable abode: the Zion Road Condo.

However, the maisonette at 278 Bishan Street 24 isn’t the only million-dollar HDB unit. Three other maisonettes from the same neighbourhood crossed the million dollar mark in September. 1,604 sq ft maisonette at 401 Sin Ming Avenue sold for $1,008,888. Another of similar size at 146 Bishan Street 22 achieved a price of $1.165 million, while the 1,572 sq ft at Bishan Street 13 fetched $1.188 million.

The recent million-dollar transactions have brought attention to Natura Loft, a 480-unit HDB development built under the Design, Build and Sell Scheme (DBSS) at Bishan Street 24. It was also the host of two million-dollar transactions this month. A five-room flat occupying 1,292 sq ft on the 34-36 floor of Block 273B sold for $1.43 million. This was followed up with another million-dollar transaction at Block 273A, on a lower floor, sold for $1.3 million.

The latest record for the most expensive HDB maisonette purchase is proof that there’s a great incentive for investors as public housing can still bring in high returns. With its particularly uniqueness and location, the high-end maisonette at 278 Bishan Street 24 is one of the rare cases.