It comes as no surprise that Pinnacle@Duxton resale units are so coveted amongst home-buyers, with the project’s prime location along Cantonment Road straddling both Tanjong Pagar and Chinatown. This puts residents under a 3km radius from the Central Business District and right in the heart of the trendiest neighbourhoods such as Everton, Keong Siak Road and Duxton.
Image credit: @v2chip
And by now, we’re pretty immune to the million-dollar price tags that adorn the Pinnacle@Duxton’s 5-room flats, but what about million-dollar 4-room flats? In this year alone, there have been a total of 22 sales in the 4-room category that have crossed the million-dollar mark with a new record set just days ago in the month of October.
4-room Pinnacle@Duxton flat sells for a record-breaking $1.37M
Image adapted from: HDB
The month of October saw 4 million-dollar 4-room sales surpassing the $1M threshold, with 2 of them raking in over $1.3M – a new record for 4-room sales. In particular, a 4-room flat in block 1D sitting somewhere on floors 46-48 sold for an astronomical $1.37M.
The sale also sets another record: the highest psf ever recorded for an HDB sale, bringing the new highest recorded psf to $1368.57B.
What a renovated 4-room Pinnacle@Duxton flat looks like.
Image credit: The Interior Lab
To put things into perspective, a budget of $1.3M could easily get you a 5-room flat at Pinnacle@Duxton as resale prices for that flat type have been known to average around the $1.2M mark.
Image adapted from: HDB
Of course, if you’re a sucker for sweeping, panoramic views, you should expect to fork out a premium. The most expensive 5-room sale for Pinnacle@Duxton was recorded in March 2022 for a high-floor unit in block 1F that sold for $1.38M, just slightly more than the latest 4-room transaction.
Pinnacle@Duxton to see an overall increase in resale prices
Following this record-breaking 4-room sale, homeowners and real estate agents have since updated the prices of their listed Pinnacle@Duxton homes to capitalise on the latest news. We can also expect to see the general prices of 4-room and 5-room flats appreciate in the months to come.
Image credit: PropertyGuru
This particular 4-room unit was listed on PropertyGuru for a jaw-dropping $1.55M. This begs the question, are the latest cooling measures put in place on 30th September effective at curbing resale prices? Or are home-buyers willing to defy all odds to secure the home of their dreams.
With the continued rise in prices for esteemed projects such as the Pinnacle@Duxton, it does seem like more affluent home-buyers are at play here – potentially those who are in the Sandwich class with a fair bit of expendable income, who are willing to prioritise square footage and location over the prestige of a private condo.
While this signals good news for homeowners of these developments, it does pose problems for the general public who are hoping for HDB resale prices to normalise.
Read more about other million-dollar HDB sales here:
- Rare Multi-Gen HDb sells for over $1M
- Lor 1 Toa Payoh 4-room sells for $1.01M
- 39YO Dakota Crescent Maisonette sells for $1.05M