A five-room HDB flat at the iconic Pinnacle@Duxton development has been sold for a record-breaking S$1.63 million, once again highlighting Singapore’s booming million-dollar public housing resale market.
According to property platform reports, the unit at Block 1B Cantonment Road was recently transacted at the new benchmark price, surpassing the previous record of S$1.6 million achieved by another five-room flat within the same development last year.
The sale has quickly attracted attention among Singapore property investors, HDB upgraders and home buyers, as resale flat prices in prime central locations continue climbing despite cooling measures introduced in recent years.
High-Floor Unit Commands Premium Price
The newly sold unit is located between the 43rd and 45th floors of the towering residential project near Singapore’s city centre.
The flat measures approximately 1,130 square feet and worked out to around S$1,442 per square foot, placing it among the most expensive public housing transactions recorded in Singapore.
The property still has around 84 years remaining on its lease, which began in 2011.
Located in the heart of the Central Business District fringe, Pinnacle@Duxton has long been regarded as one of Singapore’s most sought-after HDB developments due to its location, panoramic city views and unique architectural design.
Its direct connectivity to transport networks, proximity to Tanjong Pagar and strong rental demand have also contributed to consistently high resale prices over the years.
Million-Dollar HDB Market Continues Growing
The latest transaction adds to Singapore’s growing list of million-dollar HDB resale deals, a trend that has accelerated significantly over the past few years.
Despite setting a new internal record for Pinnacle@Duxton, the S$1.63 million transaction still falls short of Singapore’s overall HDB resale record.
That national benchmark was set in April 2026 when a five-room flat at City Vue @ Henderson was sold for S$1.73 million.
The Henderson Road unit, located on an even higher floor, measured around 1,216 square feet and achieved approximately S$1,421 per square foot.
The steady rise in resale prices has sparked ongoing discussions about housing affordability, wealth accumulation through public housing and the long-term sustainability of Singapore’s resale property market.
Prime Location Continues Driving Demand
Property analysts have frequently pointed to Pinnacle@Duxton’s prime location as one of the biggest reasons behind its exceptional resale performance.
The development sits near major commercial districts, lifestyle amenities, MRT stations and Singapore’s downtown core, making it attractive to both owner-occupiers and property investors.
Unlike many older resale flats, Pinnacle@Duxton also benefits from a relatively newer lease and distinctive skybridge facilities that continue drawing buyer interest years after completion.
The project has repeatedly produced million-dollar transactions and remains one of the strongest-performing HDB developments in the resale market.
Some market observers believe prime-location flats with high floors, unblocked views and long remaining leases may continue commanding premium prices despite economic uncertainty and government cooling measures.
However, others have also questioned whether rising resale prices could place additional pressure on younger Singaporeans entering the property market for the first time.
As Singapore’s property market continues evolving, record-setting HDB transactions like this are likely to remain closely watched by homeowners, investors and policymakers alike.