Pinnacle@Duxton unit sets 4-room resale price and psf national records at $1.58m

A four-room flat at Pinnacle @ Duxton has sold for $1,588,000, setting new national records for both the overall resale price and price per square foot for the flat type.

Located at Block 1A Cantonment Road, between the 28th and 30th storeys, the 95 sq m home raises the previous benchmark by $38,000. It also adds to a growing cluster of 4-room transactions reaching $1.5 million — a price point that just one such flat crossed in 2025.

Yet the latest record is interesting for more than its price. The home sits below every other Pinnacle unit in the top-ten ranking, while the development accounts for eight of the ten entries.

A 95 sqm flat raises the benchmark by $38,000

The 95 sq m flat, registered in October 2026, works out to approximately $1,553 psf — also a national high for 4-room HDB flats. Its lease commenced in 2011, leaving roughly 84 years remaining.

The previous national four-room record was $1.55 million, recorded in May 2026 for a 96 sq m unit at Block 1C Cantonment Road, between the 40th and 42nd storeys. The latest sale exceeds that figure by about 2.5 per cent, despite being slightly smaller and on a lower floor.

The difference is more pronounced on a per-square-foot basis. The earlier transaction worked out to approximately $1,500 psf, compared with $1,553 psf for the new record holder — an increase of around 3.5 per cent.

Five 4-room flats have sold for at least $1.5 million in 2026

Just one 4-room HDB flat sold for $1.5 million or more in 2025: A Pinnacle@Duxton unit that fetched $1.518 million in March. This year, five have already reached that price point, including the latest S$1.588 million record.

Four of those five sales were at Pinnacle @ Duxton, while the remaining transaction involved a larger flat at Moh Guan Terrace. Together, they show how a price once achieved by very few 4-room flats is appearing more frequently, although it remains concentrated in a handful of addresses.

The ten highest-priced 4-room HDB resale transactions

Pinnacle @ Duxton accounts for eight of the top ten sales

Pinnacle @ Duxton dominates the ranking, with eight entries across Blocks 1A, 1C and 1E. The other two transactions are both at Block 50 Moh Guan Terrace.

The Pinnacle flats are similar in size, ranging from 93 to 97 sq m, yet their prices differ by as much as $113,000. The latest record holder also sits on the lowest floor among the eight, between the 28th and 30th storeys. All seven other units are on the 37th floor or above.

This suggests that a higher floor does not automatically command a higher selling price. Buyers may also weigh the view, sun exposure, interior condition and layout, alongside the alternatives available when they purchase. While the records do not reveal what drove this particular sale, they show why floor level and size alone cannot fully explain the price differences.

The Moh Guan Terrace transactions offer another useful comparison. At 150 sqm and 176 sqm, these homes are considerably larger than the Pinnacle units despite sharing the same four-room classification. Their leases also commenced much earlier, in 1973 rather than 2011.

Their larger floor areas bring the prices to approximately $948 psf and $792 psf, well below the Pinnacle entries. Similar overall budgets therefore bought very different homes, some with substantially more space at Moh Guan Terrace and others with a longer remaining lease and a higher-floor unit at Pinnacle.

Six of the ten sales took place in 2026, showing how recent transactions have reshaped the ranking. However, their concentration in just two developments also puts the records into perspective. These are exceptional sales involving particular homes, rather than a reflection of what most 4-room HDB flats cost.

What does Pinnacle @ Duxton offer residents?

Pinnacle @ Duxton's appeal begins with an unusual combination, a family home in a central neighbourhood, with shared outdoor spaces high above the streets.

The development comprises seven 50-storey towers and 1,848 homes, with its skybridges and sky gardens on the 26th and 50th storeys among its most recognisable features. 

The 26th-storey skybridge is reserved for residents, with spaces for jogging, exercise and recreation, while the 50th-storey skybridge offers sweeping views and is also open to public visitors, subject to access rules. 

Play areas and other communal spaces provide residents with more places to spend time outside their flats.

Dining options can also be found within the development itself. Essen @ The Pinnacle, located at Block 1D, brings together several food concepts and a bar, making it easy to grab a meal without leaving the estate. 

Beyond the development, Maxwell Food Centre and Tanjong Pagar Plaza Market & Food Centre offer more everyday dining choices, while the surrounding Duxton and Keong Saik areas are home to numerous cafes and restaurants. 

Tanjong Pagar Plaza also provides shops and groceries for daily essentials.

Transport is another draw. Outram Park, Tanjong Pagar and Maxwell MRT stations are nearby, providing access to the East-West, North East and Thomson-East Coast lines. Cantonment Primary School is also within the surrounding area.

For households that work centrally or enjoy getting around on foot, the appeal therefore extends beyond the views from the development. Everyday meals, errands, transport connections and recreational spaces are all within relatively easy reach.

A 5-room flat at Pinnacle @ Duxton sold for $1.72 million

While the $1.588 million sale sets a national record for four-room flats, Pinnacle @ Duxton's highest resale price belongs to a five-room home that fetched $1.72 million. Previously covered by 99.co, the 1,152 sq ft flat is at Block 1C, between the 19th and 21st storeys.

The buyers exercised their Option to Purchase on Aug 21, and the transaction was registered on Sept 25.

That sale came within $8,000 of the current national HDB resale record which happens to be from a $1.728 million five-room flat at City Vue @ Henderson in April 2026.

Could the wait-out removal be supporting demand?

These high-value sales also raise questions about the impact of removing the 15-month wait-out period. Since July 28, eligible private homeowners have been able to buy non-subsidised HDB resale flats without serving the wait, provided they do not take an HDB housing loan.

For households moving from private property, the change makes the transition more straightforward. It can remove the need for temporary accommodation and an additional move, while those with substantial sale proceeds may have more flexibility in their next purchase.

HDB has nevertheless reported limited evidence of an impact so far. On Oct 1, it said it had not observed a significant increase in either prices or the number of resale flats purchased by private homeowners and former private property owners following the change.

The top ten 4-room transactions also show that demand at this price level predates the removal. Four of the five sales at $1.5 million or above in 2026 were registered before the rule was lifted.

Some older private homeowners were already exempt under the previous rules. Eligible Singapore citizens aged 55 and above could move into a 4-room or smaller non-subsidised resale flat without serving the wait, provided their spouse, if any, also met the age requirement.

Removing the wait could therefore bring more buyers into this segment, but it does not explain the earlier high-priced sales. Without details of the latest buyer's circumstances, we also cannot determine whether the change contributed to the $1.588 million record.

Could the change help a nearly $2 million jumbo flat find a buyer?

For some sellers, the prospect of a wider buyer pool is already influencing expectations.

One example is the jumbo flat at 93B Telok Blangah Street 31, initially listed at $2.18 million and now asking $1,999,999. Created by combining two adjoining three-room flats, the approximately 1,465 sq ft home has five bedrooms and four bathrooms.

Listing agent Thomas Tong believes the removal of the wait-out period improves its chances of finding a buyer. In his view, securing a sale under the previous rules would have been "less likely".

For families moving from private property, the change makes it easier to transition directly into a larger HDB home without arranging temporary accommodation during the 15-month wait. For an unusual property with a smaller pool of prospective buyers, removing that obstacle could make a difference.

Whether this leads to a sale at the asking price remains to be seen. At the time of 99.co's interview, the flat had attracted enquiries and viewings but no formal offer.

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This article was first published in 99.co.