Unbelievable Appreciation in Real Estate

In a jaw-dropping real estate transaction, a four-room flat at Pinnacle@Duxton has been sold for an eye-watering $1.5 million. This impressive gain comes as owner Ms. Wu Yu Ping and her husband initially purchased the unit a mere 15 years ago for just $378,000—an increase of over 295%!

Luxury Living with Stunning Views

Located on the prestigious 49th floor of Block 1C within the highly sought-after Pinnacle@Duxton, which boasts a remarkable 50-storey structure interconnected by skybridges and lush gardens, this property certainly offers both luxury and breathtaking views of Singapore's vibrant Chinatown and city skyline.

High Demand and Quick Sale

Speaking to Shin Min Daily News, a beaming Ms. Wu, 49, expressed her excitement about the sale: "I sold it through the HDB website last September. The response was incredible, as potential buyers came knocking on my door non-stop." Ultimately, the flat found its new owners—a 41-year-old couple accompanied by their 12-year-old son.

Negotiating the Final Sale Price

Despite the unit’s initial asking price of $1.52 million, Ms. Wu cleverly negotiated a final sale price of $1.518 million after the buyers requested a $2,000 discount for good luck. “The new owner mentioned he loved the cool breeze flowing through our flat,” she added enthusiastically.

A Long-Considered Decision

Interestingly, Ms. Wu revealed that she had considered selling for years, noting, "My husband had been pushing me to sell long ago, but I kept hesitating." Remarkably, as Ms. Wu's neighbours gradually moved out, the clarity of selling became apparent, leading to this profitable decision.

A New Beginning for the Buyers

The keys to this coveted flat are set to be handed over to its new owners in May, marking a closing chapter for the Wu family but a thrilling new beginning for the buyers.

Future Predictions in the Market

With property prices in Singapore continuing to soar, this sale exemplifies the booming residential market, stirring predictions of even more astonishing transactions in the future! Will your home be the next big sale?