Four-Room Unit Achieves Highest Per Square Foot Price of $1,502 Amid Rising Demand

A four-room flat at Pinnacle@Duxton has set a new pricing milestone after selling for approximately $1.52 million, marking the highest per square foot (psf) value at $1,502.

A Significant Price Jump
According to Shin Min Daily News, the previous owners purchased the unit 15 years ago for $378,000. Located on the 49th floor of Block 1C, the 94 sq m flat offers stunning city views, contributing to its premium valuation.

Wu Yuping (transliteration), the 49-year-old seller and a sales professional, listed the flat on the HDB website in September last year for $1.55 million. The eventual buyers, a 41-year-old couple with a 12-year-old son, negotiated a slight reduction of $2,000 for good fortune, finalising the deal at $1.52 million.

Despite the HDB’s valuation of $1.41 million, the buyers paid an additional $108,000 in cash to secure the property. The unit is scheduled for handover in May.

Rising Property Values at Pinnacle@Duxton
Completed in 2009, Pinnacle@Duxton is a 50-storey public housing development on Cantonment Road, near Singapore’s central business district. The estate comprises 1,848 units and has around 84 years remaining on its lease.

Recent market trends indicate a steady increase in housing prices within the estate. PropertyGuru data shows several high-value transactions, including a three-room unit sold for $1.4 million at $1,363 psf in January and another three-room flat that fetched $1.33 million at $1,316 psf.

In February, a five-room unit achieved the highest recorded net sale at $1.55 million, reinforcing the estate’s reputation as a highly desirable residential location.

Expert Insights on Property Appreciation
Roy Low, a property agent with ERA, attributes the strong demand and rising prices at Pinnacle@Duxton to its prime location and limited supply. “The estate’s central positioning ensures continued demand. I expect prices will keep appreciating,” he said.

Low previously facilitated the sale of a five-room flat at the estate for $1.38 million.

Christine Sun, chief researcher at OrangeTee Group, noted that the estate remains attractive to buyers due to the scarcity of new public housing options in the downtown core. “Compared to private properties in the area, which often exceed $2 million, Pinnacle@Duxton presents a more accessible alternative for buyers seeking central living,” she explained.