Crowds turn up at Bishan showflat despite economic slowdown

Despite the economic slowdown, some 1,000 people checked out the showflat in Bishan under the Housing and Development Board’s (HDB) Design, Build and Sell Scheme on Friday.

Called Natura Loft, it is the fourth project under the scheme.

A five-room unit costs up to S$739,000. It is priced at an average of S$525 per square foot, which makes it one of the most expensive units under the scheme so far.

The flooring features the use of bamboo wood, which is more environmentally-friendly than parquet.

The three blocks planned at Bishan Street 24 will comprise 480 units.

Eighty people had signed up by the end of Friday.

The director of SLP International, Jack Liew, who is also the marketing agent for Natura Loft, said: “HDB flats are still a basic need… for everyone. The demand will still be there.

“We still have a very good feeling that people will still buy, because it’s HDB. And thanks to the subsidies and grants given by the government, the response should still be very good.”

Source : Channel NewsAsia – 31 Oct 2008

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