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.