Apartment sale reaches new record of $1.24M in Southeast Asia’s most expensive residential market
A four-room flat at Pinnacle @ Duxton has sold for SGD1.59 million (US$1.24M), setting national resale records for both the total price and price per square foot for this flat type.
A 95-square-meter apartment in Singapore's Pinnacle @ Duxton development has achieved a record sale price of $1.24 million, marking a 2.5% increase over the previous record, as reported by 99.co. This extraordinary price surpasses the threshold of SGD1.5 million, a benchmark only one such flat exceeded last year. Five four-room flats, including the latest sale, have reached this threshold this year, with four of them at Pinnacle @ Duxton.
This trend indicates that the previously rare high price point is becoming more common, although such transactions still remain concentrated in a few key locations. Pinnacle @ Duxton now holds eight of the top ten spots for the most expensive four-room flat sales in Singapore. Singapore remains the most expensive residential property market in Southeast Asia and the fourth globally, trailing behind Hong Kong, Zurich, and Seoul, according to Deutsche Bank.
As of June, Singapore also held the title of Southeast Asia's most expensive prime residential market, with its prices more than six times that of Kuala Lumpur and about 65% higher than Bangkok's. Globally, Singapore ranks tenth in prime residential prices, behind Tokyo and Hong Kong.
Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
