Second Duxton resale flat sold for S$918,000

Singapore

A SECOND Pinnacle@Duxton unit has been sold on the resale market, The Straits Times Online has reported.

The five-room, 106 square metre flat on the fifth floor of the iconic Housing Board project at Tanjong Pagar went for S$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, with 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 S$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 S$900,000.