5-room Pinnacle@Duxton unit fetches 2nd highest price ever of $1.07m

SINGAPORE - A five-room flat at the Pinnacle @ Duxton was sold for $1,068,888 in January this year, according to statistics on the Housing and Development Board (HDB) website.

The unit is located on one of the levels from the 28th and 30th storeys at Block 1B, and has a floor area of 1,162 sq ft.

The Pinnacle @ Duxton is a public housing development along Cantonment Road, with 1,848 units in seven tower blocks linked with sky gardens on the 26th and 50th floors. It is within walking distance of Tanjong Pagar MRT station.

The sale represents the second most expensive sale of a five-room flat in Singapore, real estate website The Edge Singapore reported.

5 interesting facts about The Pinnacle@Duxton

  • Located at Duxton Plain, The Pinnacle@Duxton is built on a 2.5ha site where the first two blocks of public housing in Tanjong Pagar - among the oldest public housing estates in Singapore - originally stood.
  • The housing project's story began in 2001, when the Urban Redevelopment Authority organised an International Architectural Design Competition to find a design worthy of being erected on the site.
  • The winner, local firm ARC Studio Architecture + Urbanism emerged the winner, worked with RSP Architects Planners and Engineers to produce it.
  • The Pinnacle@Duxton is the first 50-storey public housing project in Singapore, and also the first one in the world to have two sky bridges linking the seven towers that it comprises of. Its design was considered groundbreaking in the field of public housing.
  • The Pinnacle@Duxton is the recipient of several design awards.
  • The first came in 2010: the prestigious Best Tall Building Asia & Australasia award from the Council on Tall Buildings and Urban Habitat, a US-based international authority on tall buildings and urban design.
  • Most recently, The Pinnacle@Duxton swept up the 2014 President's Design Award Singapore.
  • 50th floor of the building respectively, offering panoramic views of the cityscape.
  • The one on the 26th floor is exclusive to residents, but its counterpart is assessable to the public on most days from 9am to 10pm.
  • A cool feature of The Pinnacle@Duxton's flats is that the walls within it are made of lightweight concrete. This allows residents to easily remove and reconfigure them according to space or aesthetic needs.

The $1.08m sale of another Pinnacle @ Duxton unit in November last year remains the record transaction for a five-room flat.

A check on HDB's website reveals that another unit at Pinnacle @ Duxton went for $1.02 million in January. In the past year, five-room units at the development have been sold for between $868,000 and $1.088 million.

When the project was launched, five-room units were priced between $345,100 and $439,400, The Straits Times reported. Owners began putting up their flats for sale at the end of 2014 after fulfilling their five-year minimum occupation period.

Million-dollar HDB resale homes

  • A flat near Clementi Mall was sold for $1,005,000 in August 2016, marking the first time a five-room HDB flat outside the Pinnacle @ Duxton has been sold for over $1 million.
  • A four-room flat in Clementi was sold for a record-breaking $900,000 in December 2015.
  • The flat sold is near Clementi MRT, The Clementi Mall and Clementi Central Market & Food Centre. Click through the gallery to check out resale HDB flats which have fetched more than $1 million in recent years.
  • 1) Bishan - $1.09m

    An executive maisonette at Block 194 was sold for $1,088,888 in October 2014, setting a new record.

  • 2) Pinnacle @ Duxton - $1.06m

    In April 2015, it was reported that one unit on the 28th to 30th floor of Pinnacle @ Duxton was sold for $1.06m.

  • 3) Pinnacle @ Duxton - $1.05m

    One unit at the Pinnacle @ Duxton on the 46th to 48th floor fetched $1.05m in April 2015, according the Housing Board website.

  • 4) Bishan - $1.05m

    A 20th-storey maisonette at Blk 190 Street 13 sold in December 2013 for $1.05m.

  • 4) Bishan - $1.05m

    A 20th-storey maisonette at Blk 190 Street 13 sold in December 2013 for $1.05m.

  • 5) Bishan - $1.01m

    A 21st storey maisonette at Blk 194 Bishan St 13 was sold on Jan 1, 2013.

  • 5) Bishan - $1.01m

    A 21st storey maisonette at Blk 194 Bishan St 13 was sold on Jan 1, 2013.

  • 6) Queenstown -$1m

    A flat at Block 149 Mei Ling Street in Queenstown sold for $1 million in September 2012.

  • 6) Queenstown -$1m

    A flat at Block 149 Mei Ling Street in Queenstown sold for $1 million in September 2012.

  • 7) Toh Yi Drive - -$1m

    An executive maisonette at Blk 3 Toh Yi Drive was sold in July 2013.

  • 7) Toh Yi Drive - -$1m

    An executive maisonette at Blk 3 Toh Yi Drive was sold in July 2013.

  • 7) Toh Yi Drive - -$1m

    An executive maisonette at Blk 3 Toh Yi Drive was sold in July 2013.

  • 8) Whampoa - $1.02m

    A rare HDB terrace house at Jalan Ma'mor sold in July 2013.

  • 8) Whampoa - $1.02m

    A rare HDB terrace house at Jalan Ma'mor sold in July 2013.

  • 8) Whampoa - $1.02m

    A rare HDB terrace house at Jalan Ma'mor sold in July 2013.

  • Also: Bishan - $980,000

    An executive maisonette at Bishan St 13 sold for $980,000 on the first day of its open house.

  • Also: Bishan - $980,000

    An executive maisonette at Bishan St 13 sold for $980,000 on the first day of its open house.

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