Bishan has long been one of Singapore’s most coveted HDB towns. In the fourth quarter of 2025, it added another accolade to its name: hosting one of the priciest HDB resale deals on record.
A 5-room DBSS flat at 275A Bishan Street 24, part of the Natura Loft development, changed hands in November 2025 for about S$1.63 million. The sale anchors the upper end of the Q4 2025 million-dollar HDB market, where overall million-dollar deals ranged from S$1.0 million to this S$1.632 million high.
This transaction speaks not just to Bishan’s enduring appeal, but to how buyers increasingly prize scarcity, height, and youth in public housing.
The Unit: Ultra-High Floor, DBSS, and a Young Lease
The record-setting flat checks almost every box that defines a premium HDB today.
It is a 5-room DBSS unit with:
Natura Loft has built a reputation over the years as a blue-chip public housing project in the resale market, combining:
The S$1.63 million price tag reflects how buyers now treat such flats as long-term lifestyle assets rather than mere stepping stones.
Why This Bishan DBSS Hit S$1.63m
1. DBSS premium: between HDB and condo
DBSS (Design, Build and Sell Scheme) flats occupy a hybrid space likened to that of private condominiums, but without the facilities condos offer.
Projects like Natura Loft typically offer:
Crucially, DBSS supply is fixed as the scheme has been discontinued. That legacy scarcity boosts long-run desirability and pricing power, especially for well-located developments.
2. Bishan’s deep and sticky demand
Bishan remains one of the most sought-after HDB towns, and that status is reinforced in almost every major resale cycle.
Its advantages are structural:
These factors give Bishan flats a kind of “resilience premium”: even in softer quarters, sellers rarely slash prices, and well-located units continue to attract competition.
The S$1.63 million Natura Loft sale in late 2025 fits that pattern. It occurred in a quarter where:
In that context, Bishan was not just resisting the slowdown – it was helping define the upper limit of what buyers are willing to pay for public housing.
3. Height, views and privacy: the ultra-high-floor factor
Units above the 30th storey are rare across the HDB stock, and even less so in central or city-fringe estates.
Ultra-high-floor flats like this Bishan DBSS unit typically offer:
In resale negotiations, these attributes materially affect willingness to pay. For many buyers considering their “forever home”, paying six figures more for a once-in-a-lifetime combination of height and location is acceptable.
The S$1.63 million price tag can thus be read not just as a number, but as a market endorsement of high-floor scarcity in a prime DBSS project.
How the Bishan Record Fits into the Q4 2025 Landscape
The Bishan DBSS sale did not occur in a vacuum. In Q4 2025, the million-dollar HDB segment looked like this overall:
Most million-dollar buyers in that quarter were purchasing:
Against that backdrop, the Bishan transaction:
It is, in short, not representative of the million-dollar segment as a whole – but it is extremely instructive about where the ceiling currently lies.
A Bellwether for the Top End of Public Housing
The S$1.63 million Bishan DBSS transaction is more than just a headline-grabbing number. It crystallises several longer-term shifts in Singapore’s public housing market:
1. First, place and project identity matter more than ever.
Million-dollar pricing is no longer just about flat size; it is about being in a town like Bishan, in a scheme like DBSS, in a block and stack that confer enduring appeal.
2. Second, scarcity is driving differentiation within the million-dollar band.
As more flats cross S$1 million, value is increasingly determined by attributes that cannot be replicated easily – ultra-high floors, DBSS status, unique layouts, unblocked views and newer leases in mature estates.
3. Third, the top end of the HDB resale market is behaving more like the private market.
Buyers at this level tend to be better-capitalised, less interest-rate sensitive, and focused on long-term liveability and legacy. They are prepared to transact even when overall sentiment cools.
In that sense, the Bishan DBSS sale at S$1.63 million is not an isolated spike, but a signal: it shows how far buyers are now willing to go, in price and in expectations, when the right flat in the right estate comes to market.
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