Most expensive 4-room resale flat: Pinnacle@Duxton unit sold for $1.37m
PHOTO: 99.co
PUBLISHED ONOctober 26, 2022 3:01 AMByTerence Ang
A 1,001-sqft 4-room (Type S1) flat at the 46-48th floor of Blk 1D of Pinnacle@Duxton has just been sold for $1.37 million ($1,368 psf) in October 2022.
The sale has made it the most expensive 4-room HDB resale flat in Singapore (the 6th most expensive HDB resale flat overall) and the 2nd-highest price ever paid for a flat at Pinnacle@Duxton.
The current highest was for a 1,152-sqft 5-room (Type S2) at Blk 1F, which sold for $1.389 million ($1,205 psf) in March 2022.
Not to be outdone, another slightly larger 4-room flat (1,012 sqft) was sold for $1.3 million ($1,284 psf) in the same month at Pinnacle@Duxton, making it the 2nd most expensive 4-room flat in Singapore.
Outside of Pinnacle@Duxton, the most expensive 4-room HDB resale flat would be at City View @ 9 Boon Keng Road – a 1,023-sqft DBSS 4-roomer, which sold for $1.18 million ($1,153.47 psf) in November 2021.
What’s particularly astounding about the Pinnacle@Duxton sale is that its $1,368 per square foot price is the highest recorded for HDB resale flats nation-wide.
In per square foot terms, this places it just ahead of the $1,364.3 psf price recorded for a 689-sqft 3-room (Simplified) flat at 498 Jurong West Street 41 (sold in November 2009).
Here’s a quick chart to get you up to speed:
| Recent record holders (as of 25 October 2022) | |||||||
| Sale registration | Room Type | Project/ Address | Floor range | Size (sqft) | Price | Price (psf) | Distinction(s) |
| October 2022 | 4-room (S1) | Pinnacle@ Duxton | 46-48 | 1,001 | $1.37 million | $1,368 | Most expensive 4-room and 6th most expensive HDB resale flat in Singapore, and the most expensive psf price for an HDB resale flat |
| October 2022 | 4-room (S1) | Pinnacle@ Duxton | 49-51 | 1,012 | $1.3 million | $1,284 | 2nd most expensive 4-room HDB resale flat in Singapore |
| April 2022 | 4-room (S1) | Pinnacle@ Duxton | 31-33 | 1,001 | $1.228 million | $1,226 | 3rd most expensive 4-room HDB resale flat in Singapore |
| March 2022 | 5-room (S2) | Pinnacle@ Duxton | 46-48 | 1,152 | $1.389 million | $1,205 | Most expensive 5-room in Pinnacle@Duxton and 3rd most expensive HDB resale flat in Singapore |
| July 2022 | 5-room (Premium Apartment Loft) | SkyTerrace@ Dawson | 37-39 | 1,313 | $1.418 million | $1,079.97 | Most expensive HDB resale flat and 5-room flat in Singapore |
| October 2022 | 5-room (DBSS) | The Peak @ Toa Payoh | 40-42 | 1,227 | $1.38 million | $1,124 | Most expensive HDB resale flat in Toa Payoh and 5th most expensive HDB resale flat in Singapore |
| September 2022 | Executive | 150 Mei Ling Street | 10-12 | 1,615 | $1.288 million | $797.52 | Most expensive executive flat in Singapore (with two others – a 1755-sqft Executive Maisonette (EM) in Bishan Street 12, sold in Jan 2022 and a 1679-sqft EM at Mei Ling Street, sold in July 2022) |
| October 2022 | Multi-generation | 666 Yishun Avenue 4 | 10-12 | 1,765 | $1.063 million | $601.98 | Most expensive multi-generation flat in Singapore |
| October 2022 | 5-room (Improved) | 7 Pine Close | 16-18 | 1,184 | $1.1 million | $929 | Most expensive HDB resale flat in Geylang |
| October 2022 | Executive (Apartment) | 629 Bedok Reservoir Road | 7-9 | 1,862 | $1.049 million | $563 | Most expensive HDB resale flat in Bedok |
The sale was captured on Oct 22, 2022, three weeks after the Sept 30, 2022 cooling measures were announced. It is also probable that the option-to-purchase for the 4-room flat was signed before the announcement.
Located at Cantonment Road in Tanjong Pagar, the Pinnacle@Duxton HDB project was completed in 2011 and entered the resale market in 2015. It has seven 50-storey blocks, making them the world’s tallest public residential buildings.
There are 1,848 units in total – 1,232 4-room (Type S1) units and 616 5-room (Type S2) units.
In terms of million-dollar flats sold, 59 4-room flats at the Pinnacle@Duxton (yes, we counted) have been sold at or above a million dollars so far (4.79 per cent of all 4-rooms, or 3.19 per cent of all units).
For 5-room flats, 113 have been sold at this range (18.34per cent of all 5-rooms, or 6.11 per cent of all units) – almost double that of 4-rooms.
It is anybody’s guess if the record-setting per-square-foot price of $1,368 would remain unbeatable for long (lettuce game, anyone?). We’re still surprised it came from the sale of a 1,001-sqft 4-room flat.
ALSO READ: A home-buying journey: Family sold Pinnacle@Duxton 5-roomer to be closer to Bukit Timah schools