Bishan Four-Room Flat Sets $1.3 Million Record at Natura Loft

A four-room flat in Bishan has sold for $1.3 million, setting a new record for the flat type in the town and underscoring the enduring premium for well-located Design, Build and Sell Scheme (DBSS) stock.

The 1,023 sq ft unit at 273A Bishan Street 24, part of the Natura Loft development, transacted in August 2026 on the 34th to 36th floors (Edgeprop, 2026). The price works out to roughly $1,271 psf and surpasses the previous Bishan record for a four-room resale flat by $37,000. That earlier record was also set in Natura Loft, in May 2026, for a unit on the 22nd to 24th floors (Edgeprop, 2026).

What makes the deal noteworthy is not only the headline figure, but what it reveals about the structure of the HDB resale market in a mature town. The record sits far above the typical four-room transaction in Bishan, yet it is part of a lengthening string of million-dollar deals in the DBSS cluster along Bishan Street 24.

Key takeaways

• A 1,023 sq ft four-room unit at 273A Bishan Street 24 sold for $1.3 million in August 2026, a new Bishan record for four-room resale flats (Edgeprop, 2026).
• The record is $37,000 higher than the previous town record, set in the same block in May 2026, and $390,000 above the next-highest four-room deal in Bishan in August 2026 (Edgeprop, 2026).
• Natura Loft's DBSS status, its compact unit mix, and Bishan's mature infrastructure are the key reasons the price was achieved (Edgeprop, 2026).
• The wider Bishan four-room market is more subdued: the town median was $733 psf in 2026-Q3, down 1.9 per cent year on year (PropAce Institutional Advisorydata, 2026).

The new Bishan record

What was sold

The flat sits in Natura Loft, a DBSS project completed in 2012. DBSS flats are built by private developers but remain HDB properties for life; there is no privatisation. The development occupies a 40-storey block, and the record transaction took place on the 34th to 36th floors (Edgeprop, 2026). DBSS projects were discontinued in 2011, and no new ones have been launched since, making the existing stock finite.

Block 273A has a relatively compact unit mix: 80 four-room and 80 five-room flats across 160 units (Edgeprop, 2026). With fewer sellers competing, pricing is easier to support. That limited supply is one reason the block has repeatedly produced the town's highest four-room prices.

The new record did not emerge in isolation. Four of the five highest four-room resale transactions in Bishan have come from blocks along Bishan Street 24, and the neighbouring block, 275A, has produced two of the top five (Edgeprop, 2026). The most recent of those was a 25th-to-27th floor unit at $1.259 million in June 2026; the new record at 273A sits $41,000 above that (Edgeprop, 2026).

A record that moved despite lower floors

One detail stands out: a November 2025 transaction on the 37th to 39th floors of the same block fetched $1.25 million (Edgeprop, 2026). The new record, on the 34th to 36th floors, is three floors lower, yet sold $50,000 higher. That suggests the price ceiling has shifted upward as a whole, rather than simply reflecting the value of higher floors.

The block's price growth over time reinforces this. In April 2023, a 34th-to-36th floor unit in 273A changed hands for $1.088 million (Edgeprop, 2026). By January 2026, another unit on the same floor range fetched $1.212888 million. The new record of $1.3 million represents a rise of around $212,000 over roughly three years (Edgeprop, 2026).

The gap between this transaction and the wider town is even more striking. The record is $512,000 above the 12-month median price of $788,000 for four-room flats in Bishan, and the full price range across transactions in the town spans from $460,000 to $1.3 million (Edgeprop, 2026). In August 2026 alone, the gap between the record unit and the next-highest four-room deal in Bishan was $390,000 (Edgeprop, 2026).

Why Natura Loft commands a premium

A special status within the HDB system

DBSS flats were designed and built to a standard that is often considered above the typical Built-To-Order specification of the era (Edgeprop, 2026). They were also priced higher at launch, and that higher entry price tends to carry through to resale. For buyers today, the DBSS designation is part of the appeal: it offers some of the product differentiation of a private development while remaining within the HDB resale market.

The finite nature of the scheme adds scarcity. No new DBSS projects have been launched since the scheme was discontinued in 2011, so buyers who want this particular product type have a limited pool to choose from (Edgeprop, 2026). In Natura Loft, the small number of four-room units in block 273A further tightens supply.

Location as a price anchor

Bishan is widely regarded as one of Singapore's more established mature towns, with a full complement of retail, educational and transport infrastructure (Edgeprop, 2026). Resale prices in the town have historically commanded a premium, and the concentration of record-setting transactions at blocks 273A and 275A points to consistently strong demand for the DBSS cluster.

That demand is not simply about the flat itself. For buyers who want to live in a mature town with immediate access to amenities, a four-room flat in Natura Loft offers a way to do so at a price that remains below the private housing alternatives.

The data behind the record

Bishan and islandwide HDB benchmarks

The record transaction is an outlier relative to the broader HDB market. In 2026-Q3, Bishan four-room resale flats recorded a median of $733 psf, down 1.9 per cent year on year (PropAce Institutional Advisorydata, 2026). The record price of $1,271 psf is far above that town-level median, illustrating how much the Natura Loft cluster diverges from the rest of Bishan.

Islandwide, HDB resale prices are sitting at a cyclical peak, but not above it. HDB prices were $652 psf in 2026-Q2, exactly 0.0 per cent above their earlier $652 psf peak, yet still 57.5 per cent above the $414 psf trough (PropAce Institutional Advisorydata, 2026). In other words, the HDB market is flat at the top, not accelerating. The Bishan record therefore stands out against a backdrop of broadly stable HDB prices.

The private market comparison

The private market provides a useful reference point

By the numbers

``` HDB PSF momentum by district — QoQ %

D? +8.2% ██████████████████████████ D? +7.6% ████████████████████████ D? +2.9% █████████ D? +2.9% █████████ D? +2.4% ████████ D? +2.2% ███████ D? +1.7% █████ D? +1.7% █████ D? +1.5% █████ D? +0.7% ██ ```

_Data: PropAce Institutional Advisory analysis of URA/HDB transaction data — rolling 3-month average PSF, HDB, 2026-06..2026-08. Directional; confirm before acting._

Sources

• HDB resale data (via data.gov.sg), compiled by PropAce Institutional Advisory— 2026-Q3.
• URA caveat data, compiled by PropAce Institutional Advisory— 2026-Q2.

References

• EdgeProp Singapore (2026) A four-room flat in Bishan just sold for $1.3 million, a record for HDB flats of this type in the town.

FAQ

How are official Singapore private home and HDB resale price indices compiled?

URA compiles the Private Property Price Index (PPI) using lodged caveats and developer monthly transactions submitted under the Planning Act. HDB compiles the Resale Price Index (RPI) from registered resale transactions, providing verified arm's-length benchmarks.

Statutory Source: Urban Redevelopment Authority (URA) — Private Residential Property Transactions Portal

What key factors drive capital appreciation in Core Central Region (CCR) vs Rest of Central Region (RCR)?

CCR appreciation is anchored in freehold land scarcity, prime school districts, and institutional wealth preservation, while RCR performance is driven by infrastructure connectivity (Thomson-East Coast Line) and major urban transformation master plans.

Statutory Source: Urban Redevelopment Authority (URA) — Master Plan & Development Control Guidelines

Where can buyers verify true transacted prices instead of advertised asking prices?

Buyers should cross-examine official transacted caveat registries on URA's Private Residential Property Transaction portal and HDB's Resale Flat Prices e-service, which reflect actual legal contract amounts rather than speculative listing prices.

Statutory Source: Urban Redevelopment Authority (URA) — Private Residential Property Transactions Portal

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Frequently Asked Questions

How are official Singapore private home and HDB resale price indices compiled?

URA compiles the Private Property Price Index (PPI) using lodged caveats and developer monthly transactions submitted under the Planning Act. HDB compiles the Resale Price Index (RPI) from registered resale transactions, providing verified arm's-length benchmarks. Statutory Source:** Urban Redevelopment Authority (URA) — Private Residential Property Transactions Portal

What key factors drive capital appreciation in Core Central Region (CCR) vs Rest of Central Region (RCR)?

CCR appreciation is anchored in freehold land scarcity, prime school districts, and institutional wealth preservation, while RCR performance is driven by infrastructure connectivity (Thomson-East Coast Line) and major urban transformation master plans. Statutory Source:** Urban Redevelopment Authority (URA) — Master Plan & Development Control Guidelines

Where can buyers verify true transacted prices instead of advertised asking prices?

Buyers should cross-examine official transacted caveat registries on URA's Private Residential Property Transaction portal and HDB's Resale Flat Prices e-service, which reflect actual legal contract amounts rather than speculative listing prices. Statutory Source:** Urban Redevelopment Authority (URA) — Private Residential Property Transactions Portal

Statutory References & Citations

• Housing & Development Board (HDB) (2026). Housing and Development Act (Cap. 129). Singapore: Ministry of National Development.

Statutory Disclaimer: This guide is published for strategic, educational, and institutional planning purposes only and does not constitute formal legal, taxation, or financial advice. All property transactions, stamp duty remissions, and financing structures should be formally verified with qualified Singapore legal counsel and certified tax advisors.