Second Pinnacle@Duxton flat sold on resale market for $918,000

Aerial view of The Pinnacle@Duxton. A second unit of the iconic Housing Board project at Tanjong Pagar has been sold on the resale market. -- ST PHOTO: JAMIE KOH
Aerial view of The Pinnacle@Duxton. A second unit of the iconic Housing Board project at Tanjong Pagar has been sold on the resale market. -- ST PHOTO: JAMIE KOH

SINGAPORE - A second Pinnacle@Duxton unit has been sold on the resale market.

The five-room, 106 sq m flat, located below the sixth floor of the iconic Housing Board project at Tanjong Pagar, went for $918,000 on Monday.

A 43-year-old DWG agent who handled the transaction said the buyers, who paid fully in cash, are a local couple in their 60s and their daughter who are downgrading from a private property. The sellers are a local couple in their mid-40s, who live with their two young children.

"The flat is on a very low floor, so the current owners were more realistic with the price," said the agent, who declined to be named. "They bought the flat for under $400,000,so they are quite happy with the selling price."

This sale comes after the five-year minimum occupation period for most home owners at the project ended last month. Last week, The Straits Times reported that a four-room flat between the 34th and 36th storeys was sold for $900,000.