News > $1.52M for a 5-room HDB at The Pinnacle@Duxton recorded on 9 April

$1.52M for a 5-room HDB at The Pinnacle@Duxton recorded on 9 April

22 April 2024

On April 9th, 2024, a new record was set at The Pinnacle@Duxton with the sale of a 5-room unit spanning 1,141 sqft for $1.52M, achieving a notable $1,328 PSF. This transaction not only established unprecedented highs for transacted price within the development but also secured its position as the third most expensive HDB flat transaction of 2024, surpassing an executive unit on Bishan Street 24 that was sold for $1.5M in March. Top 2 most expensive HDB units are 2 other 5-room units at The Peak @ Toa Payoh that are smaller in size. Both have the same area of 1259 sqft, and were sold for $1.57M and $1.54M respectively in January.

For 4-room units at The Pinnacle@Duxton, the highest transacted price was $1.41M for a unit on high floor in October 2023. The total area is 1,001 sqft, which translates to a PSF of $1,409 – the highest PSF ever transacted within this development till date.

Over the past three years, The Pinnacle@Duxton has witnessed 203 transactions, of which 161 exceeded the million-dollar mark. During this period, the average transacted PSF experienced steady growth, increasing by 32.6%. Notably, compared to District 02, where the development is situated, The Pinnacle@Duxton commands an average PSF that is 23.5% higher, with this gap widening since the beginning of 2023.

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This suggests a significant trend in the escalating prices and demand for properties within The Pinnacle@Duxton. As one of Singapore's most iconic public housing developments, its appeal lies not only in its architectural significance but also its prime location in the heart of the city. Situated in District 02 Tanjong Pagar, The Pinnacle@Duxton enjoys proximity to an array of amenities, including restaurants, shopping centers, and entertainment venues. Additionally, its accessibility is enhanced by its close proximity to Outram Park MRT Interchange, Maxwell MRT Station, and Tanjong Pagar MRT station, providing seamless connectivity to various parts of the island.

The Pinnacle@Duxton is a 99-year HDB development completed in 2011. Located along Cantonment Road, it has a total of 7 connected blocks and 1848 units, comprising 4 and 5-room units. Average transacted price PSF within the past 3 years for 4 and 5-room flats are $1,124 and $1,104 respectively.

*Disclaimer: Our real-time database is updated every time a transaction is submitted by an agency. While we strive to maintain the accuracy and completeness of the data, please note that transactions may not always be completed, and information provided may be subject to change or error.

All analytical and visually interpreted data in this report is powered by RealInsight, a powerful tool for property developers, investors and institutions. It offers a complete solution for development planning or portfolio building by providing access to real-time data regarding properties, developers, land sales and data analytics tool for market research and reports. Find out more about RealInsight here.

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$1.52M for a 5-room HDB at The Pinnacle@Duxton recorded on 9 April

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