Later in 2019, it again was lauded for long-term and extraordinary contributions to the urban environment by the Chicago-based Council on Tall Buildings and Urban Habitat, where it got the top spot in the 10-year category. It also won the 2011 Urban Land Institute's Global Awards for Excellence. It also snagged the President's Design Award – Design Of The Year. In 2010, it won the Best Tall Building Asia & Australasia award from the Council on Tall Buildings and Urban Habitat, which is a US-based international authority on tall buildings and urban design. These days, HDB flats are clinching major design awards, and the Pinnacle Duxton is one of them trendsetters. Pinnacle Duxton Is Award-winning (and Record-breaking) Related article: 189 Tallest HDB Blocks in Singapore With Over 30 Storeys for Unblocked Panoramic Views 3. It’s even open to the public, but there’s an admission charge if you’re not a resident and want to visit.
The development also features two gorgeous sky gardens that are each a whopping 500m long. In any case, Pinnacle Duxton wins with its 50-storey height. There’s also City View at Boon Keng, which has seven listings for sale over $1M on PropertyGuru, and the similar-sounding 40-storey City Vue at Henderson - which only reaches MOP in 2023 - that boasts a panorama of both Sentosa and the upcoming Greater Southern Waterfront. And these flats easily fetch over $1M, even if it’s just for a 4-room flat.
PINNACLE STUDIO 14 UPGRADES UPDATE
Update your settings here to see it.įor example, the HDB flats at Boon Tiong Road command unblocked views of the Tiong Bahru area, up to 40 storeys high. This content is not available due to your privacy preferences.
The Views from Pinnacle Duxton Are AmazingĮver wonder why HDB units get more expensive with every storey? For anyone without a fear of heights, it’s because of how the view gets better the higher you are. With all these factors in mind, you can just imagine the demand for a rare HDB property in this area. In addition, this is an area where room rents can go as high as $2,800 a month (master bedroom with attached bathroom), and the lease for an entire apartment can hit $40k/month (private penthouse duplex with 4 rooms, private lift and private jacuzzi). The assumption is, if you can afford to work/live in the area, you’re probably able to afford whatever’s there as well – from daily $10 lunches to costlier parking, and expensive workwear to higher property prices. Not to mention, it’s also part of the core central region of Singapore, which means residential and commercial rents are up, even if staffers in the area don’t have the salary to match. Tanjong Pagar is right smack in the busy central business district, alongside all the swanky offices and banks. Here are some reasons why we think someone with a healthy bank account (or CPF balance) would want to plonk down a million dollars just to snag a unit here: 1. After all, it’s the HDB project with the greatest number of $1M and above resale flats… Ah, the pride and joy of Tanjong Pagar constituency. There must be something special about the units at Pinnacle Duxton if people are willing to shell out over a million bucks for an HDB flat. Story continues Pinnacle Duxton HDB Flats: 7 Reasons Why They Fetch Over $1M So, what makes the flats at this particular HDB development so “hot” and expensive? Are these units really worth over $1 million Singapore dollars? We look at the various reasons and compare this development to nearby HDB flats and condominiums to find out. Related article: HDB Prime Location Housing (PLH) Model: Additional Subsidies, 10-Year MOP and More Notably, though, these new rules do not apply to The Pinnacle Duxton. These concerns have led to HDB's new Prime Location Housing (PLH) Model, which imposes tighter restrictions to dampen the investment returns of upcoming HDB flats in central locations, such as the upcoming Rochor BTO flats. This phenomenon has not gone unnoticed by the Government, which is clearly worried that these sky-high prices will lead to gentrification, such that only the wealthy can afford to live in centrally-located HDB flats. That’s a total of 56 units out of 192 transactions, or about a third of all million-dollar HDB flat transactions that happened this year so far. Looking at the HDB database, a total of 29 4-room flats and 27 5-room flats at were sold at $1 million and above from Jan to Oct 2021. How Much Do Pinnacle Duxton HDB Flats Cost?Ī quick check on Pinnacle Duxton units for sale on PropertyGuru yields over 50 results, of which the lowest is priced at close to $900k (4-room, unfurnished), and the most expensive is an eye-popping $1.35 million, a 5A-room unit on a high floor.