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.

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.

seanyap@sph.com.sg