Photo: Malcolm Tredinnick/Flickr
A 1,162 sq ft flat at Pinnacle @ Duxton (pictured) was sold in January 2016 for $1,068,888, reported AsiaOne.
Data from the Housing Board revealed that the five-room unit is situated on one of the levels from the 28th to the 30th storeys of Block 1B.
Located along Cantonment Road, Pinnacle @ Duxton is a public housing project comprising 1,848 units in seven tower blocks that are linked with sky gardens on the 26th and 50th floors. The development is within walking distance to the Tanjong Pagar MRT station.
The Edge Singapore reported that this transaction represents Singapore’s second most expensive sale of a five-room flat.
Data shows that another unit was sold for $1.02 million in January. Over the past year, five-room units at the development have been snapped up for between $868,000 and $1.088 million.
The five-room flats were priced from $345,100 to $439,400 during the project’s launch. Flat owners began selling their units at the end of 2014 after fulfilling the five-year minimum occupation period.
Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@propertyguru.com.sg
