Kenny's Take
Pinnacle @ Duxton's new $1,553 psf record was set by a unit more than ten floors below — and slightly smaller than — the building's own previous record-holder, which tells you floor height stopped being the main lever a while ago. For HDB upgraders deciding whether to sell now or hold, this is the clearest evidence yet that a well-located 4-room can out-price plenty of condo alternatives on a psf basis, even before stamp duty and ABSD math enter the conversation. Pair that with five more forfeited luxury units from the money-laundering case hitting auction on 28 Oct at guide prices still close to market ($2,939–$3,642 psf) — forfeiture isn't producing fire-sale pricing, so buyers hoping for a discount there should recalibrate. And with MAS's October statement now five days out, anyone torn between fixed and floating on a new or refinanced loan should treat this week, not "sometime in October," as the real deadline.
🏘️ Pinnacle @ Duxton 4-Room Sets a New National Record at $1,553 PSF
- A 4-room flat at Pinnacle @ Duxton sold for $1.588 million ($1,553 psf) — a new national record for the flat type and the highest psf ever paid for a 4-room HDB flat. The 1,023 sqft unit at Block 1A Cantonment Road sits on the 28th–30th floor.
- The notable twist: this unit is more than ten floors below — and slightly smaller than — the building's own previous 4-room record-holder, yet it commands both a higher absolute price and a higher psf. That's a signal worth flagging to clients who assume floor height alone drives Central Area HDB pricing — location and layout are doing more of the work than the stack number.
📊 Five More Forfeited Luxury Units Head to Auction on 28 October
- Five units tied to Singapore's S$3 billion money-laundering case go to auction on 28 Oct via SRI — four apartments at Nouvel 18 (1,335–6,125 sqft, guide prices $2,939–$3,558 psf) and a 2,691 sqft four-bedder at New Futura (guide $9.8 million, roughly $3,642 psf).
- This batch is part of a phased sell-down of around 80 forfeited properties running from September 2026 to mid-2027. The guide prices sitting close to prevailing market levels — not at a discount — is worth noting for clients expecting forfeiture sales to be bargain hunting grounds.
🏦 Rates — Five Days to MAS's Verdict
- Three-month compounded SORA is holding at roughly 1.23% across the 5–7 Oct prints, with no fresh move since 1 October.
- MAS's October Monetary Policy Statement — due no later than 14 October — is now just 5 days away, the tightest that window has been all month. Clients sitting on a fixed-versus-floating decision should treat this week as the real deadline, not a vague "sometime in October."
🔭 What I'm watching
- The Serra Residences' preview runs through 13 October ahead of VIP booking on 16–17 October, and Thomson Reserve's own preview opens in 8 days (17–27 October, booking 31 October) — both will be measured against Lucerne Grand's 61.4% launch-weekend benchmark.
- Canberra Drive EC's record $825 psf ppr bid remains under provisional results, now 8 days past tender close with no formal award — still read as an evaluation delay on a record bid, not a result in doubt.