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Tag: Pinnacle@Duxton

  • 5 Room Flats At Pinnacle@Duxton Sold For More Than $1 Million

    5 Room Flats At Pinnacle@Duxton Sold For More Than $1 Million

    Resale prices for units at The Pinnacle@Duxton premium HDB project have set a new record, with two five-room units being sold for more than $1 million each in transactions completed this month.

    One unit on the 28th to 30th floor was sold for $1.06m, while the other on the 46th to 48th floor fetched $1.05m, according the Housing Board website. The size of each unit is 107 sq m.

    There were at least four other five-room units which were sold between $1m and $1.04m this year, according to Shin Min Daily News.

    Four-room units are also popular, said the evening daily. At least six such units were each sold for $910,000 and above this year.

    Units there are prized for their central location, and those on higher floors are known for their views, say property agents.

    Transactions at The Pinnacle@Duxton have set new records after the first batch of owners fulfilled the five-year minimum occupation period in December last year and were allowed to sell their flats.

    At the project’s launch in 2004, new four-room flats were priced from $289,200 to $380,900, and five-roomers from $345,100 to $439,400.

    As this is a unique, premium project, experts do not expect its sky-high prices to have much effect on the overall HDB resale market.

     

    Source: www.straitstimes.com

  • 5th Floor 5 Room Pinnacle@Duxton Flat Sold for $918,000

    5th Floor 5 Room Pinnacle@Duxton Flat Sold for $918,000

    SINGAPORE – A second Pinnacle@Duxton unit has been sold on the resale market.

    The five-room, 106 sq m flat on the fifth floor of the iconic Housing Board project at Tanjong Pagar went for $918,000 on Monday.

    A 43-year-old DWG agent who handled the transaction said the buyers, who paid fully in cash, are a local couple in their 60s and their daughter who are downgrading from a private property. The sellers are a local couple in their mid-40s, who live with their two young children.

    “The flat is on a very low floor, so the current owners were more realistic with the price,” said the agent, who declined to be named. “They bought the flat for under $400,000,so they are quite happy with the selling price.”

    This sale comes after the five-year minimum occupation period for most home owners at the project ended last month. Last week, The Straits Times reported that a four-room flat between the 34th and 36th storeys was sold for $900,000.

     

    Source: www.straitstimes.com