Pinnacle@Duxton remains the poster child of the “lottery effect” – the proof that certain desirable BTOs go on to make a killing for their lucky owners. In fact, it is probably Singapore’s most profitable HDB project (for its residents). When this iconic HDB was launched, prices of 4-room flats ranged from $289,200 to $380,900 for 4-room flats and $345,100 to $439,400 for 5-room flats (source). Recently, a 4-room flat at Pinnacle@Duxton broke a new record, selling for $1.41 million. At a $1.3/4 million average price for the 4-rooms today, owners who snagged this HDB in 2004 would have made a cool million dollars from their HDB. Exciting? Certainly, if you’re new to Singapore’s property market scene. Maybe even shocking. But among longtime market watchers, this was greeted with nothing more than a nod of acknowledgement. It’s partly because of Pinnacle’s long record of million-dollar flats, and partly because expectations for this HDB project have never wavered....