15 Mar '16, 1pm

[email protected] saw 3 sales above $1m this year, but prices unlikely to climb much higher.

Three flats at the landmark project have been sold for over $1 million in 2016. The [email protected] in Tanjong Pagar has recorded three transactions of above $1 million so far this year for its 5-room flats, similar to the four deals seen in the first three months of 2015. The development has regularly made headlines in recent months. For example, a unit was sold for $1.08 million ($945 psf) in November 2015, the most expensive sale ever for a 5-room flat in Singapore. In January this year, a unit changed hands for approximately $1.07 million. According to Eugene Lim, Key Executive Officer of ERA Realty, which helped to broker both deals, these flats commanded sky-high prices due to their unblocked, panoramic views of the city, and the Pinnacle’s status as a landmark project. Aside from its proximity to MRT stations, another key selling point is the scarcity of such units....

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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