A five-room HDB at The Pinnacle @ Duxton was recently transacted at S$1.08 million around mid-September 2020.

This is the highest transaction recorded for units located on the 22nd to 25th floor for Pinnacle@Duxton.

The previous recorded price was S$1.05m, transacted in 2016.

Speaking to Mothership, ERA Realty Network agent Prissy Poh said the 1,140 sq ft flat was bought by a couple in their thirties.

The couple, who is working in the vicinity, viewed the flat only once on Aug. 30 before offering S$1.08 million for it the next day.

Poh said that the unit had been in the market since 2019, and had about four to five viewings before the current buyer. Viewings were paused briefly during the circuit breaker period.

10-year-old flat

Pinnacle@Duxtonwas launched as an HDB Build-to-Order (BTO) project back in May 2004 and is currently into its 10th year of its 99-year lease.

The project began selling at record prices soon after the flat owners attained their five-year Minimum Occupation Period (MOP) towards the end of 2014.

In September, a five-room flat at Pinnacle@Duxton located on the 43rd to 45th floor set a resale record of S$1.258 million, Business Times reported.

In May, a five-room 1,151 sq ft flat at Pinnacle@Duxton on the 41st floor was sold for S$1.232 million.

Pinnacle@Duxton is the only BTO project to date that is located in the heart of the city right beside the Central Business District.

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Top photo via Google Maps/Ivan Li