Skyscraper resale flat prices in Singapore hit new highs despite Covid-19 crisis

But these mega deals are still the exception and account for only a fraction of overall transactions

A five-room flat at Pinnacle@Duxton in Cantonment Road fetched a record $1.232 million in March.
A five-room flat at Pinnacle@Duxton in Cantonment Road fetched a record $1.232 million in March.ST PHOTO: JOEL CHAN

Pandemic or not, buyers are still paying top dollar for skyscraper HDB resale flats, particularly those at Pinnacle  @   Duxton and other prime areas.

New price records were hit even as the number of million-dollar HDB resale deals fell year-on-year in the first seven months as the pandemic took its toll on the economy and employment.

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A version of this article appeared in the print edition of The Sunday Times on September 13, 2020, with the headline 'Skyscraper resale flat prices hit new highs despite crisis'. Subscribe