Even though prices on the resale of HTB flats has dropped by 6.2% last year with the government’s continuing campaign of stabilizing the public housing market and the tightening of the approval process needed to obtain one. This is not stop buyers from stepping up prime residential properties at out of this world prices.

The Vales EC

Only this afternoon in the media, it was reported that a 5 flat located on a high floor at the Pinnacle@Duxton in the Tanjong Pager went for a record $1.028 million sale recently, which marks the highest price paid on resale of an iconic HDB project in The Vales EC.

HDB Project | The Vales

This was to be expected as experts have warned that the 5 room flats at the pinnacle were prime targets to fetch real sale prices of more than $1 million each.

This is due to the fact the …