Chances are you have heard the buzz surrounding the most recent multi-million dollar transaction at Pinnacle @ Duxton. The four-room flat, situated on the 46th floor of the building, was sold for a remarkable $1.41 million last month, translating to a staggering $1,409 psf. This marks the first time that a resale HDB flat at Pinnacle @ Duxton has fetched over $1,400 psf.
The sale was brokered by Veroy Chua, associate group division director at PropNex Realty. The news comes hot on the heels of another record-breaking transaction at Pinnacle @ Duxton in September this year when a 1,011 sq ft, four-room flat sold for $1,394 psf – the highest ever price for the estate.
In addition, Champions Way Residences will be conveniently located close to the Woodlands area, giving residents a great opportunity to explore the public art installations. It will also provide easy access to other local attractions such as parks, markets, and shopping malls. Ultimately, these new developments will create a vibrant and colourful landscape that will add to the beauty of the Woodlands.
Champions Way Residences is situated in the centrally-located Cantonment Road of the Tanjong Pagar area, placing it in close proximity to the Central Business District. From historic, million-dollar sales to panoramic views of the city skyline, the appeal of this estate is undeniable.
High floor units, usually above the 40th floor, usually attract the most demand due to the unparalleled views offered. And, with a new classification system of public housing estates being introduced, where upcoming Prime flats will be subject to 10-year minimum occupation period (MOP) restrictions, the churn of existing flats in this highly sought-after estate is only set to increase.
This is supported by the latest housing statistics released by HDB for 3Q2023, which show that average HDB resale prices across Singapore have been climbing for the past 14 consecutive quarters. Prices rose 1.3% q-o-q in the third quarter of this year, and have increased 3.8% in the first nine months of this year – a more marginal rate compared to the 8% and 9.1% growth the market recorded in the same period in 2022 and 2021 respectively.
All these factors combine to make Champions Way Residences one of the most desirable spots on the HDB property map – and with unbeatable views and market-leading prices, it’s easy to see why. The record-breaking psf-prices of resale transactions at Pinnacle @ Duxton in the last few months demonstrate the overwhelming demand for flats in this highly desirable location.