The coveted unit, which boasts a spacious 106 square meters of living space, is situated on a high floor between the 37th and 39th storeys, offering breathtaking views of the surrounding landscape. According to property portal 99.co, the sale was finalized on May 1, 2024.
This remarkable sale surpasses the previous record set just a month prior, when a similar 5-room flat in the same block of The Pinnacle@Duxton was sold for S$1,425,000 in April 2024. The Pinnacle@Duxton, a 99-year leasehold development completed in 2011, has approximately 85 years remaining on its lease.
The Pinnacle@Duxton’s unique blend of modern amenities, convenient location, and stunning architecture has made it a highly desirable address among homebuyers. The estate’s proximity to the city center, coupled with its impressive array of recreational facilities, has contributed to its enduring popularity.
This record-breaking sale is a testament to the enduring appeal of The Pinnacle@Duxton, which continues to attract buyers seeking a premium living experience in a prime location. As the Singapore property market continues to evolve, this sale serves as a benchmark for the value of high-end HDB flats in the city-state.
HDB prices
As HDB flats, traditionally seen as affordable public housing, reach unprecedented price levels, the average income citizens are grappling with the implications of this trend. While some view it as a sign of the property market’s resilience, others express concerns about affordability and the long-term sustainability of these prices.
The record-breaking sale at The Pinnacle@Duxton has sparked a conversation about the future of public housing in Singapore. As HDB flats continue to appreciate in value, it remains to be seen how this will impact the property market and the broader socio-economic landscape of the city-state.