In another headline-making move, The Pinnacle @ Duxton has once again raised the bar for HDB resale prices in Singapore. The latest 5-room sale, clocking in at S$1.58 million, adds yet another chapter to its streak of sky-high transactions. This iconic Central Area development continues to dominate the high-end public housing market, both in absolute price and price per square foot (psf).
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Highest PSF price for 5-room ever sold nationwide
A 5-room flat at The Pinnacle @ Duxton was recently sold for S$1.58 million, setting a fresh record for the highest resale price ever in the Central Area. Located in Block 1D on Cantonment Road, the unit sits between the 34th and 36th floors of the 50-storey development, offering sweeping, unblocked views of the city skyline. With its lease starting in 2011, the unit still has 84 years and 8 months remaining, a solid runway for potential buyers.
Spanning 1,130 sqft, the sale works out to a record of S$1,398 psf, the highest PSF ever achieved for a 5-room HDB flat nationwide. In fact, all the top PSF benchmarks for 5-room units are now held by The Pinnacle @ Duxton. However, in terms of absolute price, the 5-room loft in Queenstown still holds the national price record of S$1,658,888, set earlier this month.
Third time to break town’s ATH price record this year
This S$1.58 million transaction in June 2025 marks the third time this year that The Pinnacle @ Duxton has surpassed its own Central Area resale price record. Just a month earlier in May, a slightly larger 1,152 sqft unit sold for S$1.568 million (S$1,361 psf). And back in February, another unit at Block 1D was transacted for S$1.55 million.
See the highest price records for resale HDB flats in the Central Area below; all originated from The Pinnacle @ Duxton along Cantonment Road.
| Date | Block | Floor | Unit Type | Size (sqft) | Price | PSF Price |
| 06/2025 | 1D | 34-36 | 5-room | 1,130 | S$1.58 M | S$1,398 |
| 05/2025 | 1G | 37-39 | 5-room | 1,152 | S$1.568 M | S$1,361 |
| 02/2025 | 1D | 43-45 | 5-room | 1,141 | S$1.55 M | S$1,358 |
| 11/2024 | 1D | 43-45 | 5-room | 1,130 | S$1.543 M | S$1,365 |
| 10/2024 | 1F | 43-45 | 5-room | 1,152 | S$1.54 M | S$1,336 |
Even before this surge of record-breaking sales, The Pinnacle @ Duxton was already the standout performer in the Central Area’s HDB market. It remains one of the most popular (and sometimes controversial) developments for public housing in Singapore.
What’s so special about this HDB project?
Pinnacle @ Duxton earned global recognition when it won “World’s Best Housing Development” at the World Architecture Festival in 2010. Its design sets it apart, blending dense urban living with architectural elegance and lifestyle appeal. For many buyers, this is the closest thing to a condo lifestyle within the HDB framework.
Its location is hard to beat, just minutes from both Outram Park and Tanjong Pagar MRT stations. It’s close to offices, lifestyle amenities, and eateries. Parents will also appreciate the proximity to Cantonment Primary, Radin Mas Primary, and River Valley Primary School.
But perhaps its most unique selling point is the sky gardens on the 26th and 50th floors. These sprawling sky bridges offer panoramic views of the CBD and beyond, and are among the most distinctive features in public housing today. Other lifestyle offerings include fitness stations, jogging tracks, and communal pavilions, blurring the line between HDB and private living.
Top 10 most expensive HDB resale transactions
You’d think that Pinnacle @ Duxton, with all its fanfare, would dominate the top of the resale price charts. But several other projects have also hit sky-high prices, especially in Queenstown and Toa Payoh. For starters, the recent record-breaking sale at the SkyTerrace @ Dawson reached S$1.659 million over the same month in June. It closely followed the “outlier” transaction recorded within its neighbour last year.
When the news came out in June 2024, it sparked disbelief across the market. A 1,195-sqft 5-room flat at SkyOasis @ Dawson changed hands for above S$1.7 million. There was a notion not to use this particular sale as a new benchmark in the resale market due to its significant jump. At S$1.73 million, it was a full S$142,000 higher than the previous national all-time high of S$1.588 million, set by a 5-room flat in Tiong Bahru View.
However, with the S$1.659 million sale at SkyTerrace @ Dawson officially recorded by HDB this month, that new benchmark of S$1.7 million might not be as far away anymore. Below is the list of the most expensive HDB resale transactions to date.
The highest resale transactions of HDB flats in Singapore
| Date | Project | Address | Size (sqft) | Price | PSF Price | Unit Type | Lease Started |
| 06/2024 | SkyOasis @ Dawson | 39 Margaret Dr | 1,195 | S$1.73 M | S$1,444 | 5-room | 2021 |
| 06/2025 | SkyTerrace @ Dawson | 92 Dawson Rd | 1,313 | S$1.659 M | S$1,263 | 5-room (Premium Loft) | 2016 |
| 01/2025 | The Peak @ Toa Payoh | 138A Lor 1A Toa Payoh | 1,259 | S$1.6 M | S$1,270 | 5-room (DBSS) | 2012 |
| 06/2024 | Tiong Bahru View | 9B Boon Tiong Rd | 1,206 | S$1.588 M | S$1,316 | 5-room | 2016 |
| 06/2024 | City Vue @ Henderson | 96A Henderson Rd | 1,216 | S$1.588 M | S$1,305 | 5-room | 2019 |
| 10/2024 | Kim Tean Green | 126A Kim Tian Rd | 1,216 | S$1.58 M | S$1,299 | 5-room | 2013 |
| 06/2025 | Pinnacle @ Duxton | 1D Cantonment Rd | 1,130 | S$1.58 M | S$1,398 | 5-room | 2011 |
| 01/2024 | The Peak @ Toa Payoh | 139A Lor 1A Toa Payoh | 1,259 | S$1.569 M | S$1,246 | 5-room | 2012 |
| 05/2025 | Pinnacle @ Duxton | 1G Cantonment Rd | 1,152 | S$1.568 M | S$1,361 | 5-room | 2011 |
| 07/2024 | N/A | 53 Jalan Ma’mor | 3,950 | S$1.568 M | S$396 | 3-room (Terrace) | 1972 |
The Pinnacle @ Duxton vs. The Peak @ Toa Payoh
The recent S$1.580M sale at The Pinnacle @ Duxton only ranks seventh place on the most expensive transacted HDB flat in Singapore. However, it is quite notable that the last two record-breaking sales from the project have made it into the top 10 list. Before these new highs from The Pinnacle @ Duxton, the only HDB project appearing more than once in the 10 most expensive HDB resale list was The Peak @ Toa Payoh.
If you didn’t count in the S$1.73 million sale in June last year, The Peak @ Toa Payoh is the first one to ever reach the S$1.6 million mark. In January 2025, a Premium loft, spanning 1,259 sqft, sold for exactly S$1.6 million or S$1,270 psf.
The Peak @ Toa Payoh has consistently been a top performer in the high-value resale market. Out of the 23 S$1.5 million transactions recorded in 2024, 7 originated from this development alone, the highest count for any single project. Within the same period, The Pinnacle @ Duxton recorded only 5 such transactions. That said, how’s the scoreboard looking now?
Reaching the second half of 2025, The Pinnacle @ Duxton has been recording a total of 5 sales with price tags of at least S$1.5 million. The prime contender, The Peak @ Toa Payoh, is already at its sixth transaction.
However, looking at the stronger rate at which prices are climbing at The Pinnacle @ Duxton, it won’t be a surprise if this HDB development will dominate the high-value sales by the end of the year. Of the sales occurring in 2025 so far, The Pinnacle @ Duxton averages at S$1,321 psf, while The Peak Toa Payoh is well below at S$1,109 psf.
The Pinnacle @ Duxton: The priciest HDB resale flat in Singapore
In March 2025, The Pinnacle @ Duxton also set a national price record for a 4-room HDB at S$1.518 million. Though it is still below the price record for the 5-room counterpart, it is actually the most expensive HDB flat ever transacted in Singapore by price PSF. This unit, located in Block 1C on Cantonment Road, spans 1,012 sqft. It means the transacted price translates to S$1,500 psf.
While not the highest in total price, this underscores how the price PSF can be even more telling of buyer sentiment. Pinnacle@Duxton’s smaller unit sizes have driven its PSF values to record levels, often surpassing even bigger DBSS flats and HDB terrace houses.
Some find these numbers hard to stomach, especially for public housing. But clearly, the rising price of HDB resale mostly stems from demand — and not just from sellers with inflated expectations. One 99.co user recently claimed to receive several S$1M+ offers despite planning to list for under that figure.
And let’s not forget, these record-breakers only represent the tip of the HDB resale iceberg. The national average remains far lower, around S$647,000 or S$643 psf. Pinnacle@Duxton? S$1.384 million or S$1,321 psf. That’s over double the market average. In the end, it all comes down to willing buyers, and The Pinnacle @ Duxton keeps finding them so far.
Where to find affordable homes today
If you’re looking for affordable HDB flats in the Central Area, current listings on 99.co start from just S$380,000 for a 2-room HDB along Selegie Road, a few minutes walk to Rochor MRT station. It might be a good match for condo downgraders, especially the elderly looking for a compact home to enjoy retirement in the city centre. There are around 16 other active listings below S$600,000 on 99.co, providing price-conscious homebuyers with more attractive options.
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About Ananda Bayu
Ananda has been wrangling Singapore's complex real estate trends into readable bites since 2020. She writes like she's explaining it to a friend over kopi — because who has time for jargon? When off the clock, she’s probably doom-scrolling through cat memes on X, convincing herself it's the highest tier of "creative inspiration".
Looking to sell your property?
Whether your HDB apartment is reaching the end of its Minimum Occupation Period (MOP) or your condo has crossed its Seller Stamp Duty (SSD) window, it is always good to know how much you can potentially gain if you were to list and sell your property. Not only that, you’ll also need to know whether your gains would allow you to right-size to the dream home in the neighbourhood you and your family have been eyeing.
One easy way is to send us a request for a credible and trusted property consultant to reach out to you.
Alternatively, you can jump onto 99.co’s Property Value Tool to get an estimate for free.
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