"Pinnacle@Duxton 5-room flat sold for $1.03 millionPublished on Jan 23, 2015 12:56 PM
By Janice Heng
SINGAPORE - A five-room unit at the premium Pinnacle@Duxton public housing project has broken the $1 million mark in the resale market, according to SRX Property. The unit located above the 40th floor went for $1,028,000 this week, the most that any Pinnacle unit has been resold for thus far. At least nine other Pinnacle@Duxton flats have been resold since this became possible in December, when owners began meeting the five-year minimum occupation period. Their prices ranged from $835,000 for a four-roomer to $980,000 for a five-roomer. 
 straitstimes 
Pinnacle@Duxton 4-room flat sold for $1.03 million
By Janice Heng
SINGAPORE - A four-room unit at the premium Pinnacle@Duxton public housing project has broken the $1 million mark in the resale market.
The 48th-floor unit went for $1,028,000 this week, the most that any Pinnacle unit has been resold for thus far.
At least nine other Pinnacle@Duxton flats have been resold since this became possible in December, when owners began meeting the five-year minimum occupation period. 
Their prices ranged from $835,000 for a four-roomer to $980,000 for a five-roomer
 straitstimes

"Although prices of resale HDB flats have come down significantly, falling by 6.2 percent in 2014 due to the government’s slew of tightening measures to stabilise the public housing market, this hasn’t stopped some eager buyers from snapping up units at sky-high prices.This afternoon, it was reported that a 5-room flat located on a high floor at The Pinnacle@Duxton in Tanjong Pagar recorded a $1.028 million sale recently, the highest resale price achieved so far at the iconic HDB project.
Experts had previously warned that 5-room flats at Pinnacle could fetch a resale price tag of more than $1 million.
Since the five-year Minimum Occupation Period (MOP) for most owners at Pinnacle ended in December 2014, roughly 10 flats have been sold on the resale market.
PropertyGuru had earlier reported on the sale of a 4-room corner unit between the development’s 34th to 36th floors for $900,000, while a 5-room below the sixth floor found a buyer for $918,000.
Completed in 2009, there are a total of 1,848 flats at Pinnacle spread across seven connected towers of 50-storeys, making it the world’s tallest public housing project.
from propertyguru"

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