Will the upcoming HDB super high-rise at Pearl’s Hill outshine Pinnacle@Duxton?

Will Pinnacle@Duxton be able to bank on its advantages - no subsidy clawback - over Pearl's Hill? Read more at straitstimes.com.

SINGAPORE - In central Singapore, the Pinnacle@Duxton stands out in three ways: it is the only Housing Board project in the city centre under 20 years old, the tallest by far at 50 storeys, and boasts an architectural feat – its seven towers are connected by two of the world’s longest skybridges.

For these reasons, among others, this one-of-a-kind landmark next to the central business district has enjoyed robust resale price growth in the past decade – clocking the most million-dollar flat sales for a single public housing project between 2015 and 2025.

But will this still be the case when the central area gets a new HDB super high-rise in Pearl’s Hill – at over 60 storeys high and just a stone’s throw away?

The Pearl’s Hill project, announced on March 4, will be the first public housing development on the hill in Outram Park in more than four decades. It will house about 1,700 two-room flexi, three- and four-room flats and 140 public rental units.

Resale price growth at Pinnacle@Duxton is unlikely to slow significantly in the short to medium term, said Mr Eugene Lim, key executive officer of ERA Singapore.

This is because the Pearl’s Hill flats, expected to be classified as Prime, will enter the resale market only after 2040, or at least 15 years after their sale launch.