Pinnacle@Duxton 4-room flat sold for $1.03 million

[maisonjai]

Pinnacle@Duxton 5-room flat sold for $1.03 million
Published on Jan 23, 2015 12:56 PM
By Janice Heng

SINGAPORE - A five-room unit at the premium Pinnacle@Duxton public housing project has broken the $1 million mark in the resale market, according to SRX Property. The unit located above the 40th floor went for $1,028,000 this week, the most that any Pinnacle unit has been resold for thus far. At least nine other Pinnacle@Duxton flats have been resold since this became possible in December, when owners began meeting the five-year minimum occupation period. Their prices ranged from $835,000 for a four-roomer to $980,000 for a five-roomer.

http://www.straitstimes.com/news/singapore/housing/story/pinnacleduxton-4-room-flat-sold-103-million-20150123

Pinnacle@Duxton 4-room flat sold for $1.03 million

By Janice Heng

SINGAPORE - A four-room unit at the premium Pinnacle@Duxton public housing project has broken the $1 million mark in the resale market.

The 48th-floor unit went for $1,028,000 this week, the most that any Pinnacle unit has been resold for thus far.

At least nine other Pinnacle@Duxton flats have been resold since this became possible in December, when owners began meeting the five-year minimum occupation period.

Their prices ranged from $835,000 for a four-roomer to $980,000 for a five-roomer

http://www.straitstimes.com/st/print/3357028

[maisonjai]

Not sure if it's 5 or 4 room, cut & paste both :doh:

Oh she amended it to 5 room after i refresh 2nd link.

[Regulators]

Really can't understand these buyers. Paying $1 million to have no privacy, no facilities, and people urinating all over. :doh:

[Kelonguni]

Really can't understand these buyers. Paying $1 million to have no privacy, no facilities, and people urinating all over. :doh:

Nobody can fully understand another. Because each individual has a different set of value system. I also cannot understand why people near retiring age buy apartments with their children being guarantors, but it happens.

[DC33_2008]

Interested to know buyers' profile.
Pinnacle@Duxton 5-room flat sold for $1.03 million
Published on Jan 23, 2015 12:56 PM
By Janice Heng

SINGAPORE - A five-room unit at the premium Pinnacle@Duxton public housing project has broken the $1 million mark in the resale market, according to SRX Property. The unit located above the 40th floor went for $1,028,000 this week, the most that any Pinnacle unit has been resold for thus far. At least nine other Pinnacle@Duxton flats have been resold since this became possible in December, when owners began meeting the five-year minimum occupation period. Their prices ranged from $835,000 for a four-roomer to $980,000 for a five-roomer.

http://www.straitstimes.com/news/singapore/housing/story/pinnacleduxton-4-room-flat-sold-103-million-20150123

Pinnacle@Duxton 4-room flat sold for $1.03 million

By Janice Heng

SINGAPORE - A four-room unit at the premium Pinnacle@Duxton public housing project has broken the $1 million mark in the resale market.

The 48th-floor unit went for $1,028,000 this week, the most that any Pinnacle unit has been resold for thus far.

At least nine other Pinnacle@Duxton flats have been resold since this became possible in December, when owners began meeting the five-year minimum occupation period.

Their prices ranged from $835,000 for a four-roomer to $980,000 for a five-roomer

http://www.straitstimes.com/st/print/3357028

[reporter2]

http://www.straitstimes.com/archive/saturday/premium/top-the-news/story/five-room-flat-pinnacleduxton-goes-over-1m-20150124

Five-room flat at Pinnacle@Duxton goes for over $1m

Published on Jan 24, 2015 1:19 AM

By Janice Heng


A FIVE-ROOM Pinnacle@Duxton flat has broken the $1 million mark in the resale market, joining a small but growing group of public housing units that have crossed the seven- digit mark.

The 107 sq m unit located above the 40th floor went for $1,028,000 this week, according to SRX Property.

This is the most that a resale unit in the premium public housing project has fetched so far.

Units there are prized for their central location, and those on higher floors are known for their views, said DTZ agent Stephanie Tok, who helped broker this transaction. The project has seven 50-storey blocks.

Both the buyer and seller declined to comment on the deal.

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.

At least nine other Pinnacle@ Duxton flats have been resold since this became possible last December, when owners began to meet the five-year minimum occupation period.

But prices have varied greatly. Of the two other five-roomers that have been sold, a 106 sq m unit located no higher than the sixth floor went for $918,000. Another unit of the same size, but above the 30th floor, fetched $980,000.

Four-room prices ranged from $835,000 for a 95 sq m unit above the 30th floor, to $955,000 for a 97 sq m unit above the 45th floor.

The latter is the highest per sq ft price among Pinnacle@Duxton units, at $915 psf.

The $1.03 million five-room unit went for $894 psf.

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

"Even if Pinnacle@Duxton resale flats were to continually exceed the $1 million mark, it will not lead to an increase of flat buyers' interest for HDB resale flats and recovery in resale flat prices," said R'ST Research director Ong Kah Seng.

But there could be an influence on prices for other prime units in mature estates such as Bishan and Marine Parade, said SLP International Property Con- sultants' head of research Nicholas Mak. Bishan is home to several rare maisonette units, one of which holds the current record resale price of $1.09 million.

[email protected]

[Arcachon]

More interesting is when you know about their valuation. The writing is on the wall.

[chiongkakis]

Any further potential for asset appreciate? What do u think?

[Allthepies]

D2, fringe of Downtown Core, iconic, relatively new, sky park, unblocked view, circle line stage 6, southern waterfront CBD, very very cheap in PSF --- only long term view will be up up up : ) : )

[DC33_2008]

You think so?
D2, fringe of Downtown Core, iconic, relatively new, sky park, unblocked view, circle line stage 6, southern waterfront CBD, very very cheap in PSF --- only long term view will be up up up : ) : )

[Arcachon]

First HDB size do matter, HDB is downsizing new BTO is getting smaller. BTO delink from resale true for non mature, for mature don't think so.

Was told now valuation match resale price anyone can confirm.

[yongyong85]

The world’s tallest residential building featuring 50 stories and 2 sky bridges in none other than Pinnacle@Duxton (http://www.propertyhunt.sg/pinnacle-duxton/).

Located at Cantonment Road, Singapore is the world’s first housing project that has two sky bridges built with such perfection that they connect seven towers of the building.
This leads to the formation of the sky garden that gives an eye-catching and panoramic view of the city.

Please read my article regarding The Success Story of Pinnacle@ Duxton: - http://www.propertyhunt.sg/pinnacle-duxton/.