Kenny's Take
Pinnacle@Duxton just broke its own five-room record for the second time in two weeks, and Kallang Trivista set a fresh town high the same day — the fourth HDB estate or town record in five days, after Queenstown, Sengkang, and Tampines. If you're sitting on HDB equity and wondering whether it's worth enough to fund an upgrade, this run of records keeps answering that question for you. What's more interesting is the split underneath it: industrial demand is strong enough to justify a $260 million logistics facility breaking ground in Tuas, and prime freehold stock like Latitude and Ardmore Park keeps setting records too — but yesterday's NUS survey showed suburban and mass-market residential sentiment cratering at the same time. Read that as a segment story, not a signal to panic-sell or panic-wait. For HDB sellers specifically, the data this week gives you very little reason to hold out for a better print before listing.
🏘️ Two More Five-Room Records in Five Days
- A five-room unit at Pinnacle@Duxton (1C Cantonment Road, levels 19–21, ~84 years lease remaining) sold for $1.72 million ($1,494 psf, 1,151 sq ft) — beating the estate's own prior record of $1.701 million ($1,477 psf) set just two weeks earlier by a higher-floor unit in the same block.
- The same day, Kallang Trivista at 8A Upper Boon Keng Road set a new Kallang-Whampoa five-room town record at $1.59 million ($1,273 psf, 1,248 sq ft, ~89 years lease) — up from the previous $1.55 million ($1,231 psf) record set back in October 2025.
- That's the fourth HDB estate or town record broken in five days, following Queenstown's $1.388 million, Sengkang's $1.18 million, and Tampines' $1.388 million multi-generation flat — the record run isn't confined to one type of estate or one part of the island.
📊 This Week's Biggest Deals
- EdgeProp's weekly roundup puts a Skywaters Residences unit at the top of the private market with an $11.48 million ($5,498 psf) sale, while a Mount Sinai Avenue semi-detached house was the week's highest landed transaction at $12.3 million ($2,233 psf on a 999-year lease).
- The most-transacted new launches for the week were The Continuum, Union Square Residences, and Dunearn House — a live proof point that transaction momentum in the Turf City corridor is holding through September.
- On the rental side, D'Leedon led August's Core Central Region volume with 55 deals, followed by The Sail @ Marina Bay with 39 — both still among the go-to picks for tenants wanting a CCR address without new-launch pricing.
🌏 Industrial Keeps Expanding While Suburban Sentiment Cools
- CapitaLand Investment and Taiwan's Ally Logistic Property broke ground on a $260 million, 764,244 sq ft logistics facility at 19 Gul Lane, Tuas — a five-storey, 60,000-pallet-position development near Tuas Port, backed by JTC and EDB, targeted for completion in the second half of 2028.
- It's Ally's first deployment outside Taiwan, and it lands one day after the NUS 2Q2026 sentiment survey showed suburban and mass-market residential sentiment collapsing from +15% to -14% — a reminder that capital is confidently backing logistics and prime freehold at the very moment OCR housing sentiment is at its softest point on record.
- The takeaway for OCR condo owners: don't read one soft sentiment print as proof the whole market is turning — but don't expect an industrial-style rebound in your segment either. The two are moving on different fundamentals right now.
🔭 What I'm watching
- URA's Q3 2026 private residential price flash estimate is due around 1 October — the first hard number since the NUS sentiment survey split. Lucerne Grand's booking day (3 October) lands right around the same window, so watch both together for a read on whether OCR/RCR demand is actually softening or just the sentiment survey talking.