Two Million Dollars For A Small Apartment In Bishan
Sunday, 15th April 2012
Even with the SGD $2 Million price tag for a small 3-bedroom apartment, about 70% of the 180 units of the private housing development located in Bishan were snapped up over the weekend. And according to the developer, eight in ten buyers are Singaporeans. It is to be the most expensive suburban condominium ever to be sold in Singapore. The in Bishan Central home was sold for about S$1,750 per square foot (psf).
The suburban condominium project by Capitaland Sky Habitat. Bishan is primarily a housing estate and flats here are generally more expensive compared to other estates due to its location in the central region. Bishan derived its name from the large Cantonese burial ground, commonly known as Peck San Theng (loosely translated as pavilions on the green). The burial ground was established in 1870 and a hundred years later, in 1979, the government started exhuming the graves. HDB started building public housing apartment blocks. As these flats were built above what was used to be a cemetery, there were initial fears that the Bishan HDB flats would face poor occupancy. Rumor of the Bishan MRT stations were haunted. However with the new price tag for an apartment in Sky Habitat, it proved that residence here has got over the taboo that Bishan was an old cemetery.