{"id":7234,"date":"2016-09-24T15:35:46","date_gmt":"2016-09-24T07:35:46","guid":{"rendered":"https:\/\/www.99.co\/blog\/singapore\/?p=7234"},"modified":"2022-07-01T04:03:50","modified_gmt":"2022-06-30T20:03:50","slug":"record-pricetag-pinnacle-duxton","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/record-pricetag-pinnacle-duxton\/","title":{"rendered":"Record $1.12 million pricetag for Pinnacle@Duxton unit"},"content":{"rendered":"
<\/div>
\"Units
Units at Pinnacle@duxton have been selling at record high prices<\/figcaption><\/figure>\n

A unit at the Pinnacle@Duxton was sold for $1.12 million in September, making it\u00a0the highest known transaction for a Singapore public flat.<\/p>\n

The five-room unit is located on the 43rd to 45th storey of the iconic development in\u00a0Tanjong Pagar, according to the Housing and Development Board. The abode spans 106 square metres, meaning that the buyer paid around $981.62 per\u00a0square foot.<\/p>\n

Chinese evening daily Lianhe Wanbao shed light on the buyer’s identity, claiming that he or she was a professional who appreciated an unobstructed sea view. The buyer also liked the fact that the unit was close to the central business district, the\u00a0daily claimed.<\/p>\n

Due to its prime location, the public development has been popular since its launch in\u00a02004. During that time, five-room flats at Pinnacle@Duxton cost between $345,100\u00a0and $439,400, The Straits Times<\/a> reported.<\/p>\n

The development features a total of 1,848 units that vary in size, spread across seven\u00a0blocks.\u00a0In December 2014, many owners started to put their flats up for sale, after meeting\u00a0the minimum occupation period of five years.<\/p>\n

They reaped huge profits. Since 2015, more than 10 units belonging to the\u00a0development have fetched prices of $1 million or more, including the record\u00a0transaction. All of these were five-room flats.<\/p>\n

Another Pinnacle@Duxton flat, sold last November for $1,088,000, is second on the charts.<\/p>\n

But, flats in mature estates have also been sold for prices exceeding $1 million. Last\u00a0April, an executive maisonette in Bishan was sold at a price tag of $1.05 million. The 28-year- old unit measured 149 square metres.<\/p>\n

In August, a Clementi Towers unit \u2013 located along Clementi Avenue 3 \u2013 switched\u00a0hands for $1,005,000. The unit was 116 square metres and located on the 18th floor.<\/p>\n

Visit The Straits Times <\/a>for the full report.<\/p>\n","protected":false},"excerpt":{"rendered":"

A unit at the Pinnacle@Duxton was sold for $1.12 million in September, making it\u00a0the highest known transaction for a Singapore public flat. The five-room unit is located on the 43rd to 45th storey of the iconic development in\u00a0Tanjong Pagar, according to the Housing and Development Board. The abode spans 106 square metres, meaning that the…<\/p>\n","protected":false},"author":17,"featured_media":54445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"","_lmt_disable":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53631,53632,53589,57131],"tags":[],"persona":[],"class_list":{"2":"type-post","11":"entry","12":"has-post-thumbnail"},"acf":[],"yoast_head":"\nRecord 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