"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"

Buyers of 5-room unit on low floor  paid fully in cash
A SECOND unit at the Pinnacle@Duxton has changed hands on the resale market, barely a week after the first was sold for $900,000.
The five-room, 106 sq m flat, located below the sixth floor, went for $918,000 on Monday.
Although some industry observers expect five-room units at the unique Housing Board project in Tanjong Pagar to fetch over $1 million, the agent who handled the transaction said the sellers were more "realistic" with their pricing as their flat is on a "very low floor". "They bought the flat for under $400,000, so they are quite happy with the selling price," said the 43-year-old agent from real estate firm DWG, who declined to be named.
He said the sellers are a couple in their mid-40s with two young children. They started looking for buyers early last month, with an initial asking price of $960,000.
There were seven to eight viewings. The Straits Times understands that the buyers, who paid fully in cash, are a couple in their 60s who are downgrading from a private property.
On Dec 29, a four-room flat in the development, located somewhere on the 34th to 36th floor, was sold for $900,000. ......

"The first Pinnacle@Duxton flat to be sold on the resale market has gone for a princely price, less than a month after most home owners of the iconic Housing Board project were allowed to put their units up for sale. The four-room flat, located somewhere from the 34th to 36th floors, was sold on Monday for a hefty $900,000. Savills property agent Ron Chong, who handled the transaction, said the corner unit's price was not surprising, given its central location, high floor and well-designed interior. "It has superb views. You can see Sentosa from the balcony, and Orchard from the corner bedroom," he said. "A lot of potential buyers said it looks like a show-flat." Older, same-size HDB units in the area, such as those on lower floors in neighbouring Cantonment Close, are already fetching about $750,000, he added. The Pinnacle@Duxton unit's original owners, a Singaporean couple who wanted to be known only as Mr and Mrs Ng, bought the 95 sq m flat for about $340,000 at its launch in 2004. Their five-year minimum occupation period ended on Dec 16 last year, meaning they were finally able to sell the flat. "Of course, it's a pity to let this flat go, but my wife and I are very happy with the price. We were expecting only about $850,000 to $880,000," said Mr Ng, 38, a health-care professional. They are looking for a new place in the west to be closer to work. The buyers are a married couple in their mid-30s who live in Aljunied. The husband, who gave his name only as Mr Lee, said they chose the flat for its unblocked views and convenient location near the Central Business District, where he works. This $900,000 deal sets a precedent for the Pinnacle@Duxton's other four-room units, and paves the way for its five-roomers to fetch over $1 million, said experts...."

Sim Lian Group, a contractor turned private developer, has priced up to a whopping $880.000 for a 5 room for their Centrale 8 project in Tampines back in 2011. When HDB stepped in and asked the developer to review their prices, they only reduced to $778,000.