One Pearl Bank Former Pearl Bank Apartments Capitaland

One Pearl Bank is a new development that sits in a rare hilltop in Chinatown, Singapore. The development is owned by CapitaLand, a real estate developer headquartered in Singapore. The company’s portfolio includes integrated developments, offices, shopping malls and residential developments. Competitive advantage of the real estate developer is that it has an extensive market network as well as a significant asset base.

One Pearl Bank Capitaland was sold through a private treaty agreement. The total price for the acquisition was S$1,515/sq ft/ gross floor area. CapitaLand plans to redevelop the former Pearl Bank Apartments to residential apartments which will house approximately 800 units.

One Pearl Bank Former Pearl Bank Apartments


It has replaced Pearl Bank Apartments, an iconic landmark at the core city centre. The new Condominium is an opportunity for people to own a real estate structure located next to Outram MRT Station. Outram MRT Station serves 3 stations including Thomson-East Coastline, East-West Line and North-East Line. One Pearl Bank will be completed in 2023. For residents who prefer buses, there are several buses along New Bridge Road and Eu Tong Seng Street.

The new development is also near elite schools in Chinatown such as Outram Secondary School, Cantonment Primary School and Gan Eng Seng Primary School. Its location is also near the Central Business District. All units can access unblocked views of the CBD since the condominium is on elevated grounds.

One Pearl Bank Capitaland Facilities

One Pearl Bank will have 2 towers that will resemble Pearl Bank Apartments in order to preserve its distinct architecture in Pearl’s Hills. The new development by CapitaLand will have unique facilities including a function room, clubhouse, 50m swimming pool, indoor gym, tennis court, children’s playground, BBQ pits and a guard house. These facilities will provide full entertainment needs to residents of One Pearl Bank. The development is a horse shoe shaped development that faces Pearl Hill

There are numerous shopping centres near One Pearl Bank. They include Chinatown Complex, Central Mall (Clarke Quay) and Peoples Park Complex. The condominium is also near City Park in Pearl’s Hills which provides plenty of outdoor activities for residents of Chinatown. The development will also include allotment gardens that will enable residents to grow their own crops to promote healthy living.

One Pearl Bank Located Next to the City

One Pearl Bank combines serene space and elegant living. Beyond the condo’s architecture marvel, the development has sky bridges which link the towers at the top. Therefore, residents will enjoy the fresh air at the top of Pearl’s Hills. One Pearl Bank is an attractive development since it offers privacy in addition to providing the convenience of city life.

OKP Holdings Real Estate Developer

OKP Holdings are one of the leading civil engineering and infrastructure companies in Singapore. They also have a number of other subsidiary companies. The management of all these subsidiary companies are undertaken by OKP Holdings.

OKP Holdings Real Estate Developer

The business was started in 1966 by Or Kim Peow and his initials were used to name the business. At this point the business was a wholly owned subsidiary and Mr. Peow was the sole proprietor. The work that the company do has diversified a great deal over the years. As the company has grown, then it has taken on more projects which have turned into successful arms of the business. One thing that all these different businesses have in common is that they generally fall into the categories of either Construction or Maintenance.

Construction and Projects by OKP Holdings

Traditionally the company have been involved in the construction of vehicle bridges, airport runways and flyovers. They are also heavily involved in construction that is needed in the oil and gas industry. This includes the building of oil storage terminals and well as design and construction of roads and other infrastructure that is needed to keep these oil and petrochemical plants up and running. Construction formed the basis of the business for a long time and as such it is still seen by many as the main focus of OKP Holdings.

Tender for Private and Public Projects by OKP Holdings

The maintenance work that the company carries out is usually in relation to roads and carriageways in Singapore. They tender for both public and private projects in relation to maintenance. This means that their work is sometimes carried out on public roads, and other times on private property such as factories and other places of business. They also build bus shelters and bays for buses to park in. All maintainance work that is carried out by the company helps to make sure that the infrastructure of both public and private services is working well for the good of the business.

More recently they have become involved in the property development business. One of their most recent purchases was the Phoenix Heights development. This residential building was constructed in 1969 and was starting to look and feel quite dated. The location of the development made it a very attractive prospect and when it was purchased by OKP Holdings, a full refurbishment of all the properties was carried out. This enabled them to be sold at a profit which will form a good basis for funding of any future property development projects.