Be prepared for your jaw to drop.
A 5-room flat at the Pinnacle @ Duxton estate has been sold for a whopping $1.12 million on 19 Sep. This makes it the most expensive sale of a HDB flat to date and comes amidst strict cooling prices that have dragged down the prices of the private housing sector in recent years.
The last most expensive flat was a DBSS flat at 8 Boon Keng Road which fetched $1.1 million in August.
13 five-room flat transactions have cost more than the $1 million mark this year, compared to nine transactions in 2015.