Find out on this upcoming residential development, One Pearl Bank, in District 3, please click on the following links:
CapitaLand acquired Pearl Bank Apartments close to the Outram Park MRT station in an S$728 million en bloc sale. The developer will tear down this beacon horse-shoe shaped building for redevelopment. Situated in the prime District 3 of Singapore along Outram Road, the site has a land area of 82,376 sq. ft., consisting of 774 units. In place of the former Pearl Bank Apartments, the developer will erect a building consisting of two slightly curving 39-storey towers connected at the top by vibrant sky bridges.
The slim, curved frontages result in a well-lit and airy effect, offering adequate space for future occupants and viewers to look out and across the towers to enjoy the breathtaking views on top of the hill. Standing 178 meters tall, the upcoming tower will be the tallest residential project not only in Outram-Chinatown District but also in Central Singapore. It will provide future residents with fantastic views that span from the CBD to Sentosa.
(Pending approval for Sale / Seeking indication of interest)
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Thanks to its prime location, occupants of the upcoming condominium will find it easy to commute. The residential development is near full train services, with the closest train station being Outram Park Interchange. This interchange consists of East-West Line, North East Line, and the future Thomson East-Coast Line.
Another bonus the future occupants of the upcoming tower will enjoy is excellent connectivity. Shopping centers, recreational, dining options, and medical facilities are a few minutes’ drive away. For instance, Orchard Shopping District is a driving distance of 6 minutes away from the residential tower while the CBD, Marina Bay, and City Center are just 8 minutes’ drive away. Drivers can also use highways such as Marina Coastal and Ayer Rajah to access the CBD.
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According to The Straits Times, Pearl Bank Apartments was sold successfully through a collective sale by CapitaLand at S$1,515 per square foot per gross floor area. As for the One Pearl Bank price, basing on the land price, after calculating the construction cost, legal fees, marketing cost and others, the selling price could be around S$2,200 to S$2,400 per square foot. Please contact us at 61001778 or register your interest for the indicative price.
|Project Name||One Pearl Bank|
|Address||Pearl Bank / Outram Park, Singapore|
|Developer||Areca Investment Private Limited (Capitaland Limited)|
|Description||Proposed residential development with recreational facilities|
|Total Units||About 774 units|
|Site Area||Approx. 7,654 square meters or 82,376 square feet|
|Expected T.O.P.||31st December 2023|
|Expected Completion||31st December 2026|
|Unit Types||Studio units, 1 Bedroom, 1 + Study, 2 Bedroom, 3 Bedroom, 4 Bedroom and penthouse units (Size about 431 to 2,540 square feet)|
ABOUT THE DEVELOPER
CapitaLand is building One Pearl Bank condominium with the interests of future occupants in mind. The development will feature facilities that will help you attain proper physical, social and emotional development. Build unforgettable experiences over mouthwatering barbecues. Maintain a healthy body and mind in a modern gym. Or refresh with a revitalising swim in a large pool.
Expected to be complete in 2023, this architectural wonder will consist of a chain of sky plot gardens arranged upright at one edge of every tower. Every four storeys of each tower will feature an allotment garden, with each garden accommodating 11 plots. In total, the residential development will feature 18 sky plot gardens with about 200 plots where future occupants can engage in urban farming. CapitaLand is a respected developer in Singapore known for building city-defining beacons. The company has a strong presence not only in Singapore but also in China. It has an unparalleled track record of developing award-winning projects like The Interlace, Sky Habitat, The Orchard Residences, and D’leedon.
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