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For Pinnacle@ Duxton, no matter how centralised or how much one pays for an HDB flat, in the eyes of everyone, it is still government housing and will always be of a lower status than private housing. My question to those thinking of buying Pinnacle@Duxton is why would you want to pay so much to be termed a HDB dweller when the same amount of money will bring your status one level higher to be a private property owner? Living in an affluent country like Singapore, sadly enough, people do not accord HDB living with much status, no matter how much money you pay for your HDB living space.
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3 Answers

Mike Lim
Replied
Morning,

A unit in Pinnacle @ Duxton have an area size of around 86sqm to 110sqm. If you were to purchase a private leasehold condo in the same particular area, with the same particular sizing, I would deem that $1mil is only a fraction of the purchase price. You can definitely purchas similar sized condo somewhere else, using the same amount of funds. But if you are looking at living in the CBD area, that might be the closest you can get.

FYI
Mike Lim
 96929209 
m52i@yahoo.com
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  • AB
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    Hdb is still hdb wherever it is located, be it north, South, East, West or central. When people ask you the type of housing you live in, it is either hdb or private, hence the difference in status. Nobody cares if you tell them it is premium hdb etc. This is the reality when you interact with peers in the corporate world.
Ivan Ng
Replied
Hi,

For one, Pinnacles@Duxton is at a premium location very close to CBD. It has also won awards both internationally and locally, so it may not be a stretch to say foreigners may heard of the project more than say, typical private condos in the outskirts. There is also a sky garden on the 50th storey which offers 360deg panoramic views of the country, a rare feature. Space wise, $1mil in the same location or nearby may just get you a 1 bedroom private project vs a family friendly Pinnacles unit.

Well I guess it depends on the buyer's priorities and requirements, and what they find value in and prioritize over. Thanks and may I understand what are you looking for? Hope to discuss further and value-add to your housing plans.

Warm regards
Ivan ERA
 97432395 
Ivanng10@gmail.com
Website: http://www.ivanng10.com/#!reviews/c11r1
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  • AB
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    Reply from Anonymous - May 26, 2015


    Hdb is still hdb wherever it is located, be it north, South, East, West or central. When people ask you the type of housing you live in, it is either hdb or private, hence the difference in status. Nobody cares if you tell them it is premium hdb etc. This is the reality when you interact with peers in the corporate world.
Geryl Lim
Replied
I guess it really depends on individual and which angle they are viewing from. A coin has 2 sides. I can say safely say that some condo buyers on the outskirts like Woodlands or Jurong cannot even afford this HDB. How does that sound? I have money to spend that I rather don't buy condo but buy HDB.

The mentality one has is important. For the primary Pinnacle @ Duxton owners, I believe they are 1 of the wisest group of people in making that decision to purchase this project when it was launched.

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  • AB
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    Apart from a drop in status living in an hdb, owners do not own any part of the land the property sits on, unlike condo owners who have a share when it comes to enbloc. A wise buyer would not buy a pinnacle flat in the current market but would instead choose a condo with similar pricing somewhere else in Singapore. During the launch of pinnacle, everywhere was cheap in Singapore, I think the wisest people would be those who invested in a landed property back then, easily earning $2 million by now for one property.

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