One Pearl Bank penthouse is sold. Reaches 100% sale

One Pearl Bank by CapitaLand is now fully sold. This was marked by the sale of the last penthouse. The development features four penthouse units. The final unit is a spacious 2,788 square feet residence located on the 38th-floor. It was sold for $7 million or $2,547 per sq.ft.

The majority of the buyers in this penthouse are Singaporeans, indicating that the country is the main interest for the property.

CapitaLand acquired the Pearl Bank Apartments 99-year leasehold in an enbloc deal for $728 Million in February 2018. The new Pearl’s Hill landmark will be taller and more impressive than the previous Pearl Bank Apartments.

One Pearl Bank is the tallest residential building in Singapore’s Central area, the Outram Chinatown district.

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One Pearl Bank sold its units at an average price per square foot of $2753. The price range for the units was $2,430-$3,009 per sq. ft.

The project can be reached in five minutes by foot from the new Outram Park MRT Station. CapitaLand plans to build a walkway that will protect you from bad weather.

Outram Park MRT Station, designated as an interchange between three MRT lines – North East Line (North-East), East-West Line (East-West) and Thomson-East Coast Line (East-West), will greatly increase accessibility.

The 774-unit twin-39-storey development on Pearl’s Hill was designed by Serie+Multiply. This joint venture is a collaboration between Multiply Architects of Singapore and Serie Architects from London.

The curved fa├žade of the two towers pays respect to the original shape of the former Pearl Bank Apartments in Singapore, which at the time of its completion in 1976 was the tallest tower for residential use in the city.

Singaporeans accounted for 76.8%. The PRs were followed by foreigners at 6.8%. It took a little over four years for the project to be fully sold out. During the launch weekend, 25% of the total development (160 units) was sold.

CapitaLand previewed J’den recently, a redevelopment JCube into a tower of 40 floors with 368 apartment on the top 38 floors. The first weekend of the public preview attracted over 7,000 visitors to the showflat.


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