|Project Name||One Pearl Bank|
|Developer||Areca Investment Pte Ltd, wholly owned subsidiary of CapitaLand Limited|
|Address||1 and 1a Pearl Bank Singapore 169017|
|Virtural Tour Showflat Location & Virtual Tour||Pearl Bank (Click here for more)|
|Developer Sales Hotline||+6561005704|
|Est Indicative Selling Price Range||Starting From $2100psf (Click here for more)|
|Tenure||99 years leasehold|
|For Capitaland Direct buyer||As One Pearl Bank Direct Developer Customer, Your Privileges includes additional up to 6 figures discounts, VIP member Privileges, nett price, Free Renovation and fitting Provided. Arrange your showflat appointment with us at https://www.onepearlbank.com.|
|No of Units||774 units of flat/apartment|
|Land Area||56,998.8 sq m (approximately 613,530 sq ft)|
|Developer’s Licence No:||C1313|
|Project Account No:||003-700133-3|
|Financial Institution:||DBS Bank Ltd (Click here for more)|
Visit Capitaland Virtual Tour of One Pearl Bank condo here!
CapitaLand has acquired 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.
Sitting currently now on the One Pearl Bank site is an old building that comprises of 288 units 9 8 commercial units and 280 apartments existing for 99 years. Every owner with an apartment ranging between 123 sqm and 371 sqm, is expected to receive between S$1.8 million and S$4.9 million. Each owner of commercial units between 65 sqm to 523 sqm is expected to be awarded between S$1.2 million and S$46.9 million.
According to Colliers, the purchase price marched the owner’s reserve price. An additional top-up of S$201.4 million was made to extend the lease 99 years. The sale price reflects a land price of around S$1,515psf GFA.
One Pearl Bank site is well located next to Outram Park MRT station. Once certain conditions are attained, the site is set to be redeveloped into a high-rise residential development that features up to 800 units that include social facilities. However, One Pearl Bank site is subject to the Pre-Application Feasibility Study as per the announcement by URA.
Latest Information One Pearl Bank Price List As At Monday, March 20th 2023 updated,
Click for VIRTUAL TOUR: https://www.onepearlbank.com/showflat/
April 2022: Hi everyone. With #09-08 sold, we have utilised the 10 sets of Thermomix giveaway for buyers and are pleased to inform that we will extend this promotion for 10 more units.
Promo for Buyers
Thermomix – the only Kitchen All-In-One you’ll ever need.
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April 2022: STARBUY PROMO
for SELECTED floor 3 & 4-bedroom stacks respectively from 2nd to 12th storey.
April 2022: Studio Last 16 units! Lowest price fr $1.196M. 1 Bedroom Last 9 units!
Register to receive the price list and book showflat appointment!
Benefits That Residents of One Pearl Bank Will Enjoy Living in District 3 Singapore
When looking for the next place to make your home convenience is a great factor to consider. Well, future residents of One Pearl Bank apartments will appreciate the convenience that prevails in this part of Singapore. With nearly everything in this condo location located right next to your home, you get to live a more comfortable life. Amenities and facilities are in abundance so that you don’t have to cover long distances to fetch supplies.
Unlike the old District 3, this area is now transformed into a vibrant enclave packed with several developments that suites residential living. You can find a plethora of food options, boutiques, shopping destinations and more around the neighborhood. To give you a glimpse of what this area has to offer, here are some of the things that you can look forward to enjoying during your stay at One Pearl Bank residences.
Walking Distance From One Pearl Bank To Chinatown MRT station s only 700m
One Pearl Bank – Convenient Transportation Networks
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.
Proximity to Schools Nearby One Pearl Bank Condo
District 3 doesn’t just deliver vibrancy; it is packed with several educational institutions that will provide for the needs of families with school-going children. The schools are conveniently located enabling your kids to get to school on time. Besides, the area is well connected which makes commuting to schools easy.
Some of the schools next to One Pear Bank include:
- Outram Secondary.
- Queenstown Primary School.
- Raffles Academy.
- Inspiration Design School.
- Zhangde Primary School.
- Duke-NUS Graduate Medical School.
- Gan Eng Seng School.
- MDIS (Management Development Institute of Singapore).
- Global Indian International School.
With the availability of schools that cover nearly all the educational levels, parents living in District 3 should have no worries. With closeness to the CBD and excellent transport network, parents can even drop their kids to school as they head to work.
|Bedroom Type||Unit||Launch Price||Promotion 6% +2% Discount|
|1BR (527-570sft)||#24-21 (High Floor)||$1,329,160||$1,302,000|
|3BR (1098-1281sft)||#02-12 (Park Facing)||$2,528,600||HOT! $2,378,000 ($151,000 saving)|
|Single Floor Penthouse (2691 -2788sft)||Price on Enquiry||Price on Enquiry||Price on Enquiry|
One Pearl Bank – Nearby Shopping Centers
Residing at One Pear Bank condo will appreciate the availability of unlimited shopping spots. The shopping paradise features enough malls to provide for anything you might need during your stay in district 3. Most of the shopping malls feature eateries, banks, grocery, supermarkets, fashion shops, cosmetic stores and more. Besides, most of the malls are just a walking distance away from your home at One Pear Bank delivering utmost convenience that you will enjoy.
When you need a through retail therapy, just head to the nearby Peals Centre just 6 mins walk away. The shopping malls boast of about 199 shops providing various services. Some of them include hairdressing salons, traditional Chinese medicine stores, beauty centers, coffee houses, travel agencies and more. It is just next to Outram Park NE3/EW16 and Chinatown NE4 MRT which makes accessing the mall easier.
Clarke Quay is another incredible shopping center next to One Pearl Bank. Clarke Quay features several godowns and warehouses that transform it into an entertainment and lively lifestyle center. It has several retails shops, entertainment spots, wine bars, restaurants and more. It is a great place to visit if you want to experience a bustling market atmosphere.
Tiong Bahru Plaza is also a great place for shopping. Other retail options you have around include Chinatown Point, Concorde Shopping Centre, IKEA Alexandra, Alexandra Central Mall, Amara Shopping Centre, icon Village, 100 AM Shopping Mall and Anchorpoint. Queensway Shopping Centre makes a good choice for fitness and sports enthusiasts as it features several established sports brands.
The reputable Orchard Road shopping belt is just a few mins drive away. Access to Orchard Road enables the future residents of One Pearl Bank to shop in the world’s famous shopping destination. This place offers a cutting-edge shopping option featuring flagship designer boutiques, restaurants, entertainment options and more.