In the ever-evolving landscape of Singapore’s real estate market, a remarkable milestone has been achieved. For the first time in its history, a Housing Development Board (HDB) Executive Maisonette has shattered records for both executive properties across Singapore and specifically in Bishan, where it achieved an unprecedented sale price of S$1.45 million.
In this article, we delve into the details of this groundbreaking sale and explore the promising market outlook for maisonettes in Singapore.
The previous record for Executive Maisonettes
In December 2022, a 1,641 sq ft unit at Toh Yi Drive, off Jalan Jurong Kechil, set the previous record for maisonettes. This unit, boasting ample space and luxurious living, was sold for a whopping S$1.3 million, marking a milestone for maisonettes at the time.
Read more: Record-breaking HDB resale maisonettes: Toh Yi Drive flat sold for S$1.3m, Jurong East flat sold for S$1m
The record-breaking Bishan HDB maisonette
Now, let’s focus our attention on the star of the hour.
Situated at 278 Bishan Street 24, this exceptional maisonette unit, as seen on the Housing Development Board (HDB)’s website, spans 1,851 sq ft and is perched on the 19-21 floors of a 21-storey HDB block.
The transacted price for this property stands at S$1.45 million, translating to S$783 per square foot.
Notably, the block was completed in 1992, and this particular unit boasts 67 years remaining on its 99-year lease.
The real estate agent behind this record-breaking HDB maisonette deal is Eugene Tay of Huttons Asia.
HDB maisonettes for you
See all listings
Rivertrees Residences
29 Fernvale Cl · D28
4
2
1,324 sqft
$1,970,000
Neem Tree
30 Jln Kemaman · D12
3
2
818 sqft
$1,680,000
FULLY FURNISHED
Eight Courtyards
8 Canberra Dr · D27
2
2
870 sqft
$3,700
FULLY FURNISHED
Floraville
2 Cactus Rd · D28
3
2
797 sqft
$4,000
DIVERSITY FRIENDLY
Treasures @ G19
33 Lor 19 Geylang · D14
1
1
388 sqft
$2,800
FLEXIBLE
Marina One Residences
23 Marina Way · D1
2
2
1,176 sqft
$7,800
Sol Acres
10 Choa Chu Kang Grove · D23
4
2
1,291 sqft
$1,700,000
Luxus Hills
Luxus Hill Ave · D28
5
6
2,160 sqft
$4,980,000
FULLY FURNISHED
Forest Woods
15 Lor Lew Lian · D19
2
1
678 sqft
$4,300
FULLY FURNISHED
Sky Everton
50 Everton Rd · D2
1
1
463 sqft
$4,200
Executive property trends in Singapore
The groundbreaking sale of the Bishan HDB maisonette for S$1.45 million might seem astonishing, but upon closer inspection, it aligns perfectly with the existing signs of a thriving market.
Firstly, there was the escalating demand for new private homes, which was demonstrated by a consistent rise in sales over the months leading up to March 2023. This pattern indicated a strong preference for contemporary executive properties among prospective homebuyers.
Additionally, Executive Condominiums (ECs) were at the forefront of lucrative resale deals, with over 450 ECs generating profits that exceeded S$500,000 between 2007 and January 2023. In fact, in 2022 alone, 2,005 units changed hands, reflecting a broader interest that extends beyond new developments.
Read also: August resale condo 2023: Price fluctuations, expert opinions & market outlook
Executive condominiums for you
See all listings
Rivertrees Residences
29 Fernvale Cl · D28
4
2
1,324 sqft
$1,970,000
Neem Tree
30 Jln Kemaman · D12
3
2
818 sqft
$1,680,000
FULLY FURNISHED
Eight Courtyards
8 Canberra Dr · D27
2
2
870 sqft
$3,700
FULLY FURNISHED
Floraville
2 Cactus Rd · D28
3
2
797 sqft
$4,000
DIVERSITY FRIENDLY
Treasures @ G19
33 Lor 19 Geylang · D14
1
1
388 sqft
$2,800
FLEXIBLE
Marina One Residences
23 Marina Way · D1
2
2
1,176 sqft
$7,800
Sol Acres
10 Choa Chu Kang Grove · D23
4
2
1,291 sqft
$1,700,000
Luxus Hills
Luxus Hill Ave · D28
5
6
2,160 sqft
$4,980,000
FULLY FURNISHED
Forest Woods
15 Lor Lew Lian · D19
2
1
678 sqft
$4,300
FULLY FURNISHED
Sky Everton
50 Everton Rd · D2
1
1
463 sqft
$4,200
What could this mean for maisonettes in Singapore?
Despite the prevailing cooling measures, the demand for maisonettes is expected to endure.
As of August 2022, maisonettes have been riding the price hike wave, rising steadily for 26 consecutive months. In places like Choa Chu Kang, prices have rocketed by approximately 32% from an average of S$341 per square foot in 2019 to $449 per square foot in 2022. This surge suggests one thing: maisonettes are destined for even greater heights in the future!
Why the fuss, though? Well, maisonettes offer more bang for your buck, providing extra square footage for those who appreciate breathing room in their homes.
These HDB maisonettes even give you that delightful landed property vibe without the hefty price tag of private landed properties. Just imagine having more space to decorate, unwind, and simply be yourself!
And the cherry on top? These rare finds are like a canvas for creative souls. With their distinct design possibilities, maisonettes are stealing the hearts of homeowners seeking a one-of-a-kind living experience.
Wrapping up
In conclusion, the recent sale of an HDB maisonette in Bishan for S$1.45 million has not only shattered records but also illuminated a path for the future of Singapore’s real estate market. Maisonettes, with their blend of space, affordability, and unique design possibilities, might see continuous demand despite cooling measures.
So, keep your spirits high, house hunters. Your dream HDB maisonette might be waiting just around the corner – happy hunting!
The post HDB maisonette sets new record for Bishan & executives at S$1.45M appeared first on .
Qingjian Realty and Forsea Holdings to Preview Coastal Cabana from 6 December; First Executive Condominium in Pasir Ris in Over a Decade
748-unit seafront executive condominium featuring resort-inspired living and spacious layouts thoughtfully designed for families
Prices to start from S$1,639 psf, with a mix of 3- to 5-bedroom units ranging from 872 sq ft to 1,421 sq ft
Next to Downtown East and surrounded by a full suite of family-friendly amenities, schools, and parks
Preview and e-application from 6 to 21 December 2025
SINGAPORE, 18 November 2025 – Qingjian Realty, Forsea Holdings, ZACD Group and Jianan Capital are set to preview the highly anticipated Coastal Cabana Executive Condominium (EC) from Saturday, 6 December 2025. Located along Jalan Loyang Besar in Pasir Ris, the 748-unit coastal development enjoys a coveted position within walking distance to Pasir MRT and next to Downtown East, with select units offering panoramic sea views. Designed as a serene retreat within a vibrant neighbourhood, Coastal Cabana offers families the quiet luxury of generous living spaces, thoughtfully curated facilities, and seamless access to the estate’s recreational offerings.
Mr Du Dexiang, Managing Director of Qingjian Realty said, “Coastal Cabana is a much-needed addition for upgraders and aspiring homeowners who appreciate the vibrancy and convenience of this well-developed mature estate. At Qingjian, our focus has always been on building quality homes with enduring appeal that meet the needs of buyers. That commitment is reflected in what we have created at Coastal Cabana. With the uncertain future supply of EC developments in Pasir Ris over the next few years, this project is well-positioned to capture strong pent-up demand in the area.”
Mr Wang Xin, Director at Forsea Holdings added, “Coastal Cabana reflects our shared vision with Qingjian Realty of creating homes that combine thoughtful design with enduring quality. From its architectural composition to the landscaping and arrival experience, every detail has been planned to harmonise with Pasir Ris’ coastal character while providing residents with a sense of space and calm.”
The development comprises 16 residential blocks of 11 and 12 storeys, offering a mix of three- to five-bedroom units ranging from 872 sq ft to 1,421 sq ft. It provides a total of 748 car park lots and is expected to achieve vacant possession by 31 March 2029.
A Well-Connected Coastal Home in the Heart of Pasir Ris
Located in one of Singapore’s most family-friendly neighbourhoods, Coastal Cabana offers residents the rare combination of coastal tranquillity and urban convenience. The neighbourhood’s abundant green spaces and family-friendly amenities have made it one of the East’s most desirable places to call home.
Situated next to Downtown East and just minutes from Pasir Ris Park and Pasir Ris MRT, the development enjoys close proximity to a full suite of shopping, dining, and recreational options.
In the coming years, the existing Pasir Ris MRT station will serve as an interchange connecting the existing East West Line (EWL) and the upcoming Cross Island Line (CRL) – offering residents island-wide connectivity and shorter travel times to key destinations and employment hubs.
Residents will also benefit from excellent road connectivity, with the Tampines Expressway (TPE) and Pan Island Expressway (PIE) offering easy access to the rest of the island.
An Evolving Neighbourhood That Offers Something for Everyone
As part of the ongoing rejuvenation of Pasir Ris, the Urban Redevelopment Authority’s (URA) Draft Master Plan 2025 will introduce new residential, commercial, and recreationalenhancements to Pasir Ris, further strengthening the estate’s appeal and bringing greater convenience, vibrancy, and long-term value to the neighbourhood.
Set within this evolving and self-contained estate, residents will already enjoy a wealth of amenities – from seaside leisure and nature parks, to lifestyle, shopping, dining, entertainment options, as well as reputable schools.
For those with school-going children, a strong network of educational institutions can be found nearby, including Casuarina Primary School and Pasir Ris Primary School within 1km of the development. Other nearby institutions include Elias Park Primary School, Hai Sing Catholic School, Meridian Primary School, Meridian Secondary School, Singapore Institute of Technology, and the Singapore University of Technology and Design.
Homes Designed for Every Generation
Set against the Pasir Ris coastline, Coastal Cabana is envisioned as a modern coastal sanctuary where families can enjoy generous spaces, sea views, and seamless connectivity.
Thoughtfully conceived as a rare coastal sanctuary with stunning sea views, Coastal Cabana is designed for comfort, connection, and convenience. The development pairs functional layouts with luxury resort-inspired facilities – offering residents the tranquillity of coastal living and the energy of a vibrant, well-established community.
The mix of three- to five-bedroom units cater to the evolving needs of families at every stage of life – from young couples starting out to multi-generational households seeking space, comfort and togetherness. All unit types are north-south facing and feature naturally ventilated kitchens and bathrooms, with selected layouts offering flexible spaces for use such as study or flexi areas that can be adapted to suit different lifestyle needs.
Homeowners can also expect quality interior finishes with kitchen appliances from Bosch and bathroom fittings from Hansgrohe.
A Space for Connection, Framed by Nature
Beyond their homes, residents can also look forward to over 65 family-oriented amenities, including a two-storey clubhouse, four swimming pools, and a sky terrace that offers sweeping sea views.
Coastal Cabana’s expansive clubhouse is envisioned as the heart of the development’s activity, providing residents with a multitude of options for connection, play, and relaxation.
The two-storey clubhouse is one of the most striking features of the development. Designed as an expansive social and recreational zone, it offers spaces for every member of the family – including four function rooms, a karaoke room, a music room, kids club, yoga studio, and a fully equipped gym. Beyond the clubhouse are other facilities including a tennis court, BBQ pavilions, outdoor fitness park, and adventure park for children.
Coastal Cabana’s collection of swimming pools are thoughtfully designed to suit different lifestyles, from family recreation to wellness and lap swimming.
The development’s collection of four swimming pools has been thoughtfully curated to cater to different lifestyles and generations – from the 50-metre Grand Pool and Lifestyle pool for serious swimmers, to the Family Pool designed for parents and young children, and the Wellness pool with spa facilities and aqua gym for leisure and relaxation. This deliberate separation of spaces allows residents to enjoy both tranquillity and connection, echoing the development’s vision of harmonious living.
Complementing the range of facilities, the development is also distinguished by its landscaping and architectural concept, which draws inspiration from tranquil European gardens – reflected in its symmetry, manicured hedgerows, and elegant vertical features that frame the facades.
The Grand Boulevard forms the centrepiece of Coastal Cabana’s arrival experience, leading residents and guests through a resort-inspired sequence from the drop-off area to the main lobby.
The experience begins with each arrival home. The Grand Boulevard forms the heart of Coastal Cabana’s arrival experience – framing a resort-inspired flow that begins at the Grand Boulevard Lobby – an elegant drop-off area – and the adjacent Boulevard Lounge which serves as a grand welcome for guest entering the development. Upon entering the grounds, residents are greeted by a long reflective water corridor that creates a serene visual transition from the lively surroundings into a calm, contemplative space within the development.
The long reflective water corridor lined with manicured hedgerows creates a serene visual transition from the development’s lively surroundings into its calm, landscaped interior.
The common areas are thoughtfully arranged around lush, manicured courtyards framed by tall landscaped walls and hedgerows, evoking a sense of peace, privacy, and timeless elegance. Expansive green lawns and open play areas create welcoming spaces for children to play and for families to gather, encouraging outdoor recreation and community connection. Together, these elements create an environment that feels both tranquil and alive – a crafted sanctuary that changes in mood and scenery as one moves through it.
Preview and Launch Details
Previews and e-applications will commence from 6 to 21 December 2025. Prices will range from S$1.438 million (S$1,649 psf) for a 872 sq ft three-bedder, and S$1.623 million (S$1,639 psf) for a 990 sq ft four-bedder.
E-applications for first-and second-time applicants will be balloted by HDB. The results of the balloting will be made known by 13 January 2026 and applicants with a ballot queue number will be given an appointment date and time to book their units.
Sales launch will commence on 17 January 2026.
The sales gallery is located along Eunos Avenue 3.
October 2025 emerged as a standout month for Singapore’s new private home market, delivering one of the strongest sales performances seen this year. Developers moved 2,424 units (excluding ECs), marking a sharp rebound from September’s quieter showing and reinforcing the solid momentum already established in August. The surge was driven by a rare combination of…
For the first time, an executive flat in Singapore has reached the S$1.6 million mark. The milestone was set on 15 November 2025, when a spacious maisonette in Bishan, built in 1987, changed hands in the resale market. Executive flats in Bishan often transact above S$1.1 million despite their age, but this recent record-breaking sale…
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