SINGAPORE (EDGEPROP) - On Sept 24, a five-room HDB flat at Pinnacle @ Duxton was sold for $1.08 million ($956 psf). It was the first time the 1,130 sq ft flat was sold on the resale market. The seller was represented by Prissy Poh, marketing director at ERA Realty Network.

The five-room flat is located on the 25th floor of Block 1G and was first put up for sale late last year, but the owner pulled the listing two months later and tried to rent out the unit instead. The flat went on the resale market again when the property market turned because of the Covid-19 pandemic in Singapore.

According to Poh, the sellers are a Chinese family who have decided to upgrade to a more spacious home. She adds that despite the high price, the five-room flat attracted many interested buyers. “While this flat was on the market, the owners and I were confident that it would fetch a relatively high price. The unit has a great view of Tanjong Pagar, and Pinnacle @ Duxton continues to be a highly desirable HDB development that is centrally located,” says Poh.

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The unit was sold to a couple who made the $1.08 million offer the day after viewing the unit. According to Poh, the couple were looking for a house that would be close to their workplaces in the CBD. They were also impressed with the view the flat offers, she says.

Based on HDB transaction data, at least eight 5-room flats at Pinnacle @ Duxton have changed hands for more than a million dollars so far this year, and seven 4-room flats also transacted at above  the million-dollar threshold this year.

The most expensive five-room flat sold so far this year at Pinnacle @ Duxton is a 1,151 sq ft, five-room flat at Block 1B. The 43rd-floor unit changed hands for $1.26 million ($1,093 psf) on Sept 27. Meanwhile, the most expensive four-room flat in the year-to-date is a 1,001 sq ft unit at Block 1B, which was sold for  $1.186 million ($1,186 psf) on June 18.

Check out the latest listings near: Tanjong Pagar, Pinnacle @ Duxton

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