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

(Photo: EdgeProp)Moreover, its unique architecture has made it one of Singapore’s most iconic housing developments since its completion in 2011. Designed with seven 50-storey towers connected by skybridges at the 26th and 46th storeys, the development has since been recognized as a prominent landmark in Singapore, earning “The Best Tall Buildings Worldwide Award” in 2013.With two new record-breaking transactions setting a high bar for value and EN-BLOC potential looming over the skyline, it will be interesting to see how the Pinnacle @ Duxton continues to raise the bar for HDB resales in Singapore.

The Pinnacle @ Duxton is a popular real estate asset in the spotlight due to its high demand and its prime location in Tanjong Pagar. The prized development has seen five transactions which have surpassed the $1,300 per square feet mark, displaying its remarkable value that has attracted many buyers.

Recently, two new remarkable deals have been made. A 1,011-sqft unit at block 1B Cantonment Road sold for $1.41 million, setting a record for the highest-ever per-square-foot (psf) price for a resale HDB flat at $1,394. Following that, a unit of equivalent size in block 1A Cantonment Road has achieved the second-highest PSF ever recorded at $1,378 psf, selling for $1.393939 million.

Located on the high floors, between the 49th to the 51st storeys, these units offer panoramic views of the city skyline. Moreover, the architecture of the Pinnacle @ Duxton stands out from the rest with seven 50-storey towers connected by skybridges at the 26th and 46th storeys. Its unique design awards it “The Best Tall Buildings Worldwide Award” in 2013.

Since its completion in 2011, the Pinnacle has steadily appreciated in value and has seen a significant price increase — 44% since it reached its Minimum Occupancy Period (MOP) in 2014. This surpasses the average nationwide resale HDB price growth which stands at 33%.

The Pinnacle’s attraction comes from the central location, quality of living, and the unique design. It is situated near a wide range of amenities with the city center within close proximity, making it attractive to buyers. Apart from that, demand for the Pinnacle has also been driven by its EN-BLOC potential.

Residents enjoy quick access to major amenities such as malls, educational facilities, and medical centers. With its connectivity and strategic location, Zion Road Condo has become a synonym to luxury living in Singapore.

It will be interesting to keep an eye on the record-breaking deals in the Pinnacle @ Duxton, setting a new yardstick for the HDB resale market in Singapore.