If you’ve been keeping an eye on the HDB resale market, then the name Pinnacle@Duxton should sound familiar. It’s not new to the million-dollar club, and it certainly won’t be the last time you hear about it either.
This month, another 5-room flat at Pinnacle@Duxton was sold for S$1.58 million, once again matching its all-time high (ATH) from just last month. This marks the third consecutive month that a record-breaking price has been set at this project.
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Another S$1.58M flat sets record – again
The most recent transaction involved a 5-room flat at 1G Cantonment Road, located between the 43rd and 46th floors. This 1,130 sqft unit fetched S$1.58 million, or S$1,398 psf, matching the record set in June for a flat on a slightly lower floor – somewhere between the 34th and 36th storeys.
Both units now share the title of the highest transacted 5-room flats at The Pinnacle@Duxton as well as the Central Area – and the highest psf for any 5-room HDB unit in the country.
Its 99-year lease started in 2011, giving it roughly 85 years of lease remaining.
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Why does the location keep commanding such high prices?
You’ll find Pinnacle@Duxton in District 2, right in the heart of Singapore’s Central Business District (CBD). And this prime location plays a big role in its sky-high demand and prices.
With not one, not two, but multiple MRT stations within walking distance – including Maxwell and Tanjong Pagar – you’re also within 1km of five MRT lines. That includes stops like Outram Park, Chinatown, Telok Ayer, Cantonment, and Prince Edward Road.
For shopping or food options, you’re also covered with Guoco Tower, Icon Village, Amara Hotel, and Tanjong Pagar Plaza all nearby.
Beyond just location, the project itself comes with some standout features. You get two sky gardens (open to the public for a small fee), a jogging track, childcare centre, and even a food court right within the development.
One downside for families is that only one primary school, Cantonment Primary, is within a 1km radius. You’ll have to go slightly further out to a 2km radius to reach schools like CHIJ Kellock, Zhangde Primary, and Radin Mas.
Still, for many homeowners, the pros clearly outweigh the cons.
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Pinnacle@Duxton hits third consecutive ATH
This latest S$1.58 million transaction marks the third straight month that Pinnacle@Duxton has reached or matched a new HDB resale ATH for its 5-room flats. Just one month earlier in May 2025, a slightly larger 1,152 sqft unit was sold for S$1.568 million, which worked out to S$1,361 psf. That unit was located at 1G, on a higher floor.
Looking further back, in February, another unit at Block 1D fetched S$1.55 million, already considered an impressive number at the time. Then came June’s milestone sale at S$1.58 million, which has now been matched by this most recent deal.
With transactions inching closer to the S$1.6 million mark, it seems only a matter of time before Pinnacle@Duxton crosses that threshold – a price point it has yet to reach. But even with all the ATHs, it’s important to note that this is not the most expensive 5-room resale in Singapore.
Here’s a quick look at the top 5-room transactions in Singapore, up to the latest sale at Pinnacle@Duxton:
| Date | Address | Floor | Size (sqft) | Price | Price (psf) |
| 06/2025 | 92 Dawson Road | 22–24 | 1,313 | S$1.659M | S$1,263 |
| 01/2025 | 138A Lor 1A Toa Payoh | 19–21 | 1,259 | S$1.6M | S$1,270 |
| 06/2024 | 9B Boon Tiong Road | 34–36 | 1,206 | S$1.588M | S$1,316 |
| 06/2024 | 96A Henderson Road | 46–48 | 1,216 | S$1.588M | S$1,305 |
| 10/2024 | 126A Kim Tian Road | 40–42 | 1,216 | S$1.58M | S$1,299 |
| 07/2025 | 1G Cantonment Road | 43–45 | 1,130 | S$1.58M | S$1,398 |
| 06/2025 | 1D Cantonment Road | 34–36 | 1,130 | S$1.58M | S$1,398 |
As you can see, five other 5-room flats have been sold at prices above Pinnacle’s current ATH. The highest of them all, a unit at SkyTerrace@Dawson, reached S$1.659 million. The others include record-breakers from The Peak@Toa Payoh, Tiong Bahru View, City Vue@Henderson, and Kim Tian Green.
So while Pinnacle@Duxton continues to dominate headlines, these numbers show that other prime developments are also pushing price boundaries in the HDB resale market.
Pinnacle@Duxton and its above average prices
The most recent S$1.58 million sale goes well above the average for similar 5-room flats in the Central Area and nearby developments. Based on data from 99.co’s Researcher tool, the average 5-room flat in the Central Area is currently priced at about S$1,199 psf – yet the Pinnacle unit sold for S$1,398 psf.
That’s quite a gap – and it’s not just a one-off case.
One possible reason for this premium is the limited supply of 5-room HDB flats in the area. There are only 904 such units in the entire Central Area. When supply is tight and demand is strong, prices are bound to climb.
That said, the price gap between Pinnacle@Duxton and other 5-room flats in the Central Area has been narrowing. Back in 2020, Pinnacle units were priced about 14.09% higher than the average. In 2025, that gap has shrunk to 8.447%, meaning Central Area prices are starting to catch up.
Over the last five years, 5-room flats in the Central Area have seen a price growth of 47.81% – a strong figure that reflects ongoing demand for centrally located HDB homes.
But don’t let those numbers fool you into thinking these prices are typical across Singapore. In fact, Pinnacle’s prices are around 49.35% higher than the average resale flat prices in other parts of the country. So if you’re comparing affordability, it’s important not to assume that Central Area prices, especially those at Pinnacle, represent the broader market.
Also, it’s worth noting that upcoming changes could influence future demand and prices at Pinnacle@Duxton.
First, the government is planning to increase housing supply in central areas such as Monk’s Hill, Paterson Hill, and Newton Circus. When that happens, more competition could start to balance out the demand.
And second, while Pinnacle is relatively young, it’s now 14 years old. Over time, lease decay may begin to affect the value of these homes – something that both buyers and sellers will have to keep in mind moving forward.
Interested in more All-Time High (ATH) covers? Head on over here!
About Sophiyanah David
Sophi, a seasoned copywriter specialising in Singaporean real estate and property, is one of the minds behind 99.co's informative articles. Like her colleagues at 99.co, Sophi is dedicated to keeping you informed about the ever-changing world of real estate so you can find your forever home. When off the clock, you can find her giggling and kicking her feet as she reads her romance novels, watching anime - if FMBA is not your fave, she might fight you (but you'll probably win) and looking up latest skincare trends.
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