One Pearl Bank By CapitaLand 3 Mins Walk to Outram Park MRT
One Pearl Bank is a new launch development located right in the heart of the core city centre by Capitaland.
CapitaLand has acquired iconic landmark horse-shoe shaped Pearl Bank Apartments, now renamed as One Pearl Bank, in a collective sale for S$728 million. The en bloc sale was made through a private treaty according to the Colliers International, the marketing agent for the land. The sale of the iconic horseshoe-shaped building comes after 3 unsuccessful collective sale attempts.
One Pearl Bank site is sited on elevated ground and occupies a land area of 7,653 sqm which is about 82,376 sq ft. Although the land has a GPR of 7.2 as per the 2014 Master Plan, the land has an existing GPR of 7.4479. It can be redeveloped into a development with a GFA of 56, 998.8 sqm which is about 613,530 sq ft.
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 surpassing the nearby Pinnacle @ Duxton which stands at 156m. 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.
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Expected TOP:-New Launch
Address:-D03 - Alexandra / Commonwealth
Location:-Pearl Bank, Singapore
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Situated close to the CBD, the convenience you get living at One Pearl Bank is exceptional. This area is well connected with roads and MRT lines that deliver quick transport. With an excellent transportation system, accessing various facilities in the neighborhood is made possible. You will be able to save lots of times traveling between places. The future residents of One Pearl Bank can get anywhere they want using their cars or the multitude of bus services provided in the area. Drivers can easily connect to Ayer Rajah Expressway (AYE) that links to Marina Coastal Expressway (MCE). The roads make traveling across the neighborhood a breeze. One Pearl Bank is situated close to NE3 Outram Park, NE4 Chinatown MRT, and EW16 Outram Park. Outram Park is the closest train station to One Pearl Bank, other stations around the area offering complete train services include Queenstown, Redhill, Tong Bahru, and Commonwealth. Upon completion of Thomson-East Coast Line, Havelock MRT station will boost connectivity in the neighborhood. With excellent connectivity, getting to any part of Singapore is made possible. Future residents of One Pear Bank will enjoy the convenience they get from the established transportation network coupled with the proximity to a plethora of amenities and facilities that provide for their day to day needs.
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Julian LiAccredited Real Estate Professional
Former experience in Singapore government and a world-renowned developer, well-versed in Singapore policies and its impact to the property industry.