ONE PEARL BANK 1 Pearl Bank, Singapore 169016 Last updated on 2019 May 24 11:05
|TOP||31st Dec 2023|
|Site Area||7,653 sqm/82,376 sqft|
|Property Type||Apartment / Condo|
|Development||ONE PEARL BANK|
ONE PEARL BANK is a new development located right in the heart of the Core City Centre by Capitaland. The development is the former iconic landmark horse-shoe shaped Pearl Bank Apartments that has successfully been sold to Capitaland through a private treaty agreement. One Pearl Bank represents the unique opportunity to own a prime piece of real estate that is located in the mature town of Outram Park that is located right next to Outram Park MRT Station. A unique city centre living experience awaits you at One Pearl Bank.
The development will consist of 2 curved towers that resembles the horse shoe 38 storeys former Pearl Bank Apartments to preserve the distinctive architecture in the background of Pearl’s Hill. One Pearl Bank is slated for completion in 2023 and will be located at the top of Pearl’s Hill. One Pearl Bank building will stand at a height of 178m which is one of the tallest residential towers in Singapore. There will be a total of 39 storeys at One Pearl Bank and the development will consist of 774 prime residential units next to Outram MRT Station.
One Pearl Bank has full and unique facilities, which includes a guard house, clubhouse, function room, indoor gym, tennis court, 50m swimming pool, sun deck, BBQ pits & children’s playground. The condo’s facilities provide full family entertainment needs for your family and loved ones. Indulge in a serene and tranquil lifestyle right in the heart of Outram Park. One Pearl Bank psf and pricing details will be available soon.
Using a private treaty with a collective cost of up to S$728m, CapitaLand Limited has acquired the Pearl Bank Apartments at a total land price of S$1,515psf/gfa. One Pearl Bank has a 99-year leasehold sits on an area that measures 82,378sqft. The former Pearl Bank Apartments is located in Outram Park, Pearl’s Hill. With a massive 8.1 plot ratio, Capitaland intends to redevelop the horse shoe shaped Pearl Bank Apartments and create a residential development of high-rise apartments with an app ofroximate 774 units.
The Pearl Bank Apartments was the first all-housing project to be undertaken in the Urban Renewal Department of the Housing and Development Board's Sale of Sites programme. It was the programme's third sale in 1969, aimed at rejuvenating the Central Area and providing more residential options for the middle and upper-middle families. Pearl Bank Apartments was one of the responses and initiatives introduced to intensify land use for residential purposes, alongside People's Park Complex located just nearby in Chinatown and Golden Mile Complex on the eastern edge of Singapore's Central Business District (CBD).
With a height of 113 m (371 ft), the Pearl Bank Apartments was the tallest residential building in Singapore when it was completed in June of 1976. It sits on a 8,000 m2 (86,000 sq ft) 99-year leaseholdsite.
1 Pearl Bank