HDB flat at Pinnacle@Duxton breaks million-dollar mark

Romesh Navaratnarajah23 Jan 2015


Although prices of resale HDB flats have come down significantly, falling by 6.2 percent in 2014 due to the government’s slew of tightening measures to stabilise the public housing market, this hasn’t stopped some eager buyers from snapping up units at sky-high prices.

This afternoon, it was reported that a 5-room flat located on a high floor at The Pinnacle@Duxton in Tanjong Pagar recorded a $1.028 million sale recently, the highest resale price achieved so far at the iconic HDB project.

Experts had previously warned that 5-room flats at Pinnacle could fetch a resale price tag of more than $1 million.

Since the five-year Minimum Occupation Period (MOP) for most owners at Pinnacle ended in December 2014, roughly 10 flats have been sold on the resale market.

PropertyGuru had earlier reported on the sale of a 4-room corner unit between the development’s 34th to 36th floors for $900,000, while a 5-room below the sixth floor found a buyer for $918,000.

Completed in 2009, there are a total of 1,848 flats at Pinnacle spread across seven connected towers of 50-storeys, making it the world’s tallest public housing project.

Image: The Pinnacle@Duxton. (Photo by ProjectManhattan: Wikimedia Commons)


Romesh Navaratnarajah, Singapore Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg


You may also like these articles

Pinnacle@Duxton flat sold for $900k

A four-room corner unit at Pinnacle@Duxton was sold for $900,000 a week ago after the development’s five-year minimum occupation period (MOP) ended on 16 December, media reports said. Situated ar

Continue Reading5 Jan 2015

8 things you didn't know about Pinnacle@Duxton

The Pinnacle@Duxton development in Tanjong Pagar made headlines after a four-room corner unit was sold recently on the resale market for a sky-high price of $900,000, according to media reports. Lo

Continue Reading6 Jan 2015

Another Pinnacle@Duxton unit sold for $918,000

A second Pinnacle@Duxton unit has been sold on the resale market for $918,000, reported the media. Located somewhere below the sixth floor, the 106 sq m flat was bought by a local couple in their 6

Continue Reading9 Jan 2015