Daily Archives: 6 Sep 2009

House Hunt – Property transactions for selected districts

Property transactions for selected districts with contract dates between Aug 12 and Aug 18, 2009
househunt.2009 0818 selected

Pinnacle in name, and in pricing too?

HDB has 111 units left for sale, and property agents say five-room flats could top $700k

The 50-storey Pinnacle@Duxton will have features seen only in top-end private properties, such as skybridges. — ST PHOTO: ALPHONSUS CHERN

Property agents expect that the remaining 111 units of the iconic Pinnacle@Duxton in Tanjong Pagar, when sold, will make them the costliest public flats ever.

Built by the Housing Board, the 1,848-unit Pinnacle@Duxton is its tallest project at 50 storeys.

It will be completed by the end of the year.

The agents said that in the current property boom, the five-room units, the largest, may well fetch $700,000 or even more.

A likely spillover is that surrounding resale HDB flats will see their value rise appreciably.

The 111 units have yet to be put on sale – HDB could not say when but it did add that the units are a mix of four-room units of up to 97 sq m and five-room types of up to 108 sq m. Continue reading