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Singapore

 

Pinnacle of HDB flat resales soon?

* Units widely expected to fetch high prices * Minimum occupancy period up in December

Published on Aug 9, 2014 7:11 AM
 
The Pinnacle@Duxton in Tanjong Pagar, which comprises 1,848 units in seven 50-storey blocks, received overwhelming response at its launch in 2004. -- ST PHOTO: CAROLINE CHIA

The first flat from premier Housing Board project Pinnacle@Duxton has hit the market, with its owner obtaining special permission from the authorities to sell the unit.

The four-room flat, with a floor area of 90 sq m and located "above the 20th floor", has been on the market for about a month. But it has already had more than 50 viewings, said Mr Bruce Ang, one of two agents marketing the unit. He said that several "verbal offers" have been received, the highest being $830,000.

The unit is being sold despite the owner not having lived in the unit for five years, which is a legal requirement known as the minimum occupation period (MOP).

Most Pinnacle@Duxton home owners will meet this MOP in December.

 
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