The Pinnacle@Duxton is an iconic building in Singapore, as it’s the world’s tallest public housing development.
The downtown location and high-rise views are probably the biggest draws for buyers.
It’s no wonder that many units in the development have joined the million-dollar HDB club.
A flat in Pinnacle@Duxton was recently sold for S$1.4 million, a record price for the development.
The flat is located at 1G Cantonment Road, one of the seven 50-storey towers in the landmark, according to real estate portal 99.co.
It’s also on a high floor — the 41st — guaranteeing unparalleled views of the city.
To take advantage of the view, there’s a full-height window in the living room.
Source: Penny Lim by way of 99.co
The unit’s contemporary design also features a trendy open-concept kitchen.
Source: Penny Lim by way of 99.co
The corner unit is a five-room flat, which there’s a “limited supply” of, said Ms Penny Lim from ERA Realty, who brokered the deal.
Thus, the listing had a good response despite the initial asking price being S$1,488,888, she told 99.co.
While a few offers came in below expectations, she posted on Facebook on 21 Feb that it had been sold.
In a subsequent post on 9 Mar, the agent admitted that “hitting the S$1.4M was a barrier”, but they did it after going the “extra mile”.
The transaction also set a record for Pinnacle@Duxton. The previous record holder was a five-roomer sold for S$1,388,888.88 in March 2022.
The flat’s size is 106 square metres, or 1,141 square feet (sq ft), so its selling price works out to S$1,227 per sq ft (psf).
This is much higher than that of the previous five-roomer record-holder at Pinnacle@Duxton, which was S$1,205 psf, according to 99.co.
However, a four-room flat in the project that was sold for S$1.37 million in October 2022 is still the overall psf record-holder at S$1,369 sq ft.
Ms Lim revealed that the flat was bought by Singapore permanent residents (PRs) who wanted a city location with a bigger space.
Adding to the attraction was the fact that their children’s schools were nearby.
Indeed, there are at least four primary schools around Pinnacle@Duxton.
Besides schools, other nearby amenities include supermarkets like a 24-hour FairPrice and Don Don Donki, four hawker centres, and one food court.
Source: Penny Lim on Facebook
While the flat is now the highest-priced in Pinnacle@Duxton, surprisingly, it isn’t the most expensive HDB resale in Singapore.
That distinction goes to a five-room flat in SkyTerrace@Dawson that sold for an eye-watering S$1,418,000 in July 2022.
Considering Pinnacle@Duxton’s attractiveness and the number of its units selling for above S$1 million, it might not be too long before one flat there breaks the record.
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Featured image from MS News.
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