MOST EXPENSIVE 5-ROOM FLAT SOLD FOR $1.12 MILLION

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.

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