Pinnacle @ Duxton unit fetches $1.393939 million, 2nd-highest psf for HDB flats

(Photo:Pinnacle @ Duxton)Over the years, Pinnacle @ Duxton’s unique design and architecture has become the iconic hallmark of the Tanjong Pagar skyline. The two 50-storey towers are connected at the 26th storey and crowned with the Pinnacles Club, offering a host of recreational facilities for residents living in this 99-year leasehold development.||double-html-tag||

The two iconic 50-storey towers that comprise Pinnacle @ Duxton have become the hallmark of the Tanjong Pagar skyline over the years, connected by a unqiue architectural design at the 26th storey and crowned by the Pinnacles Club. Located in the highly coveted Tanjong Pagar area, the 99-year leasehold development offers myriad recreational facilities and close proximity to plenty of local amenities and the city center. This has made Pinnacle @ Duxton a highly desirable option for resale buyers.

Surpassing initial expectations, the average resale prices have risen by 44% since the development reached the Minimum Occupancy Period (MOP) in 2014, exceeding the 33% increase in the nationwide average resale HDB price. This demonstrates the substantial appeal and value of properties found in this development.

These improvements will make Woodlands Park a more pleasant and inviting place for the public to enjoy.

The URA is also planning a new development, Champions Way Condo, that will be located adjacent to the Woodlands Park. The project will include the construction of a new apartment complex and retail stores. Residents of Champions Way Condo will be able to take advantage of the improved park amenities and enjoy the convenience of living close to the park. They will also be able to benefit from the increased foot traffic created by the new development when it opens.

Highlighting this is the fact that, to date, five resale transactions at Pinnacle @ Duxton have gone over the $1,300 psf mark, with two breaking records for the highest psf ever in HDB resale transactions. Last month, a 1,011-sqft unit at block 1B Cantonment Road was sold for $1.41 million, a record-breaking $1,394 psf for a resale flat. This month, another unit of similar size at 1A Cantonment Road was sold for $1.393939 million, achieving an impressive $1,378 psf. Both units are on high floors across the 49th to 51st storeys, allowing for expansive panoramic views of the city.

The unique features, prime location, and high living standards of Pinnacle @ Duxton are what continues to attract buyers to this iconic development, making it the leader in high-value transactions in the HDB resale market.

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