One Pearl Bank is a residential development located in the Outram-Chinatown district of Singapore. It features two curved 39-storey towers connected by sky bridges and offers 774 units of studio, one-, two-, three-, and four-bedroom apartments. The development is designed with sustainability in mind, featuring lush gardens, green walls, and a rainwater harvesting system. One Pearl Bank also offers a range of facilities, including a swimming pool, gym, yoga deck, and outdoor dining areas. It is conveniently located near public transportation, shopping malls, restaurants, and cultural attractions, making it an ideal residence for urban living in Singapore.
Why One Pearl Bank is a Solid Investment Opportunity
What was once the infamous Pearl Bank Apartment complex at Outram park will now house 774 new units in 2023. The One Pearl Bank residential building expects to be completed in its entirety by 2023 as part of all the new real estate launches in Singapore over the foreseeable future.
When the building was first constructed in 1976 – it towered over the Singapore skyline as the tallest building on the island. Of course, that title was eventually given to Guoco Tower, however, this doesn’t take way from the appeal of One Pearl Bank.
On the contrary, since it was purchased by CapitalLand in 2018, for a cool $728 Million – a lot of interest sparked on the real estate once more. In fact, there are numerous major developments occurring within the area – making the One Pearl Bank option very interesting for investors and homeowners alike.
So much so – that on opening preview weekend, One Pearl Bank Condominium pulled in over four-thousand attendees.
In terms of major re-development – it seems that CapitaLand seems to maintain the original aesthetics of the architecture of Pearl Bank Apartment. By this, we’re referring to the iconic horse shoe aesthetics.
For those who like to have prime location and access to interesting and innovating architecture on their radar would be foolish to ignore the immense opportunity One Pearl Bank Condominiums are bringing to the table.
With Sky Everton and Riviere nearby, there’s a surge in interest within the general area – One Pearl Bank can provide an interesting investment option for those looking to expand their property portfolio.
PROJECT DETAILS
| Project Name | One Pearl Bank |
|---|---|
| Developer | CapitaLand |
| Architect | Serie Architects and Multiply Architects |
| Tenure | 99-year leasehold |
| Address | 1 Pearl Bank, Singapore 169016 |
| District | 3 |
| Site Area | 82,376 square feet |
| Total Units | 774 |
| No. Blocks | 2 |
| No. Levels | 39 |
| Car Parking Lots | 620 (Excluding 5 handicapped lots) |
| Expected TOP Date | 2023 |
Unit Mix
| Type | Size (sqft) | Units |
|---|---|---|
| 1 Bedroom | 527 – 570 | 54 |
| 2 Bedrooms | 700 – 893 | 175 |
| 3 Bedrooms | 1098 – 1281 | 135 |
| 4 Bedrooms | 1399 – 1432 | 35 |
| Penthouse | 2626 – 2788 | 4 |
| Studio | 431 | 48 |
One Pearl Bank Developer
CapitaLand is one of the largest real estate developers in all of Asia. They are responsible for a number of major development projects in Singapore, China, Malaysia and much more. They are headquartered in Singapore.
They have a portfolio that is worth as much as $123 billion dollars – as was estimated in mid-2019. They have many different portfolio items including retail, commercial, industrial, and even spans into cross-over segments such as logistics.
In total – CapitaLand has a presence in more than 200 cities in over 30 countries!
While the company continues to expand their portfolio in other markets such as Australia, Europe and the United States – CapitaLand maintains their prime focus on Singapore and China.
Some of their prominent development projects include D’Leedon, The Interlace, as well as Sky Habitat to name a few. Currently – they are pushing on finishing up One Pearl Bank by 2023 to move onto their next new real estate launch in Singapore.
One Pearl Bank Location
You can find the One Pearl Bank Condominium in the heart of District 3 of Singapore located ironically at 1 Pearl Bank, Singapore 169016. What’s more, One Pearl Bank is the only new launch condo right next to Pearl’s Hill City Park.
This is a major selling point for would-be homeowners and people looking to expand their property portfolio. It’s a private residential property having exclusive proximity to significant green spaces. Not to mention the proximity to other “hot spots” in the area.
For potential homeowners who need to have access to transport – Outram Park MRT station can be reached with a brisk 5-minute walk. In fact, what makes Outram Park MRT station a “more valuable” nexus point for public-transportation – is that it serves as an interchange station or “cross-over station” for both the East to West MRT and North to East MRT lines.
This gives those living in the One Pearl Bank condominium unparalleled access to several areas in Singapore – all within 5-minutes of their condo!
Additionally – by 2021 the Thomson-East Coast MRT line will be adjoined to Outram Park MRT meaning that it will provide prospects and access to places such as Marina Bay, Gardens by the Bay and more!
What’s a condo if not the area in which it is located? So what can you expect to find near One Pearl Bank? For starters – it’s located right next to Chinatown.
Chinatown is one of the most popular ‘hot spots’ in Singapore where both locals and foreigners gather. Within this space, you have access to a significant number of eateries and entertainment venues.
For those looking to tap into the financial district of Singapore – One Pearl Bank is also conveniently located right next to the Central Business District as well as the Marina Bay Financial District.
This means that you would be able to reach the Marina Bay Financial District in under 20 minutes. In fact, One Pearl Bank will connect you to most of the highest traveled locations in all of Singapore. It’s a commuter’s paradise.
If you’re looking to “be in the middle of it all” – then One Pearl Bank definitely fits the bill. It’s a prime piece of real estate that many people will be trying to get their hands on. Due to other real estate development projects in the area – we can expect the property value of One Pearl Bank to continue to increase over time – especially due to its proximity to Pearl’s Hill City Park on its doorstep.
For those who want to own-to-live, knowing whether there are solid educational facilities in the area is of paramount importance. Fortunately, you can find Cantonment Primary School within 1km and many more if you expand your radius by an additional kilometer.
In relation to international schools you’ve got options such as Chatsworth International and 5 Steps Academy fairly close to the condominiums.
One Pearl Bank Show flat Location
If you’re looking to check out how these apartments will look like, you can check out the One Pearl Bank Show flat right next to the real estate development site. In other words, it is located at 1 Pearl Bank, Singapore.
One Pearl Bank – The Completed Vision
Let’s take a second to appreciate the architectural marvel that is One Pearl Bank. Firstly, Serie Architects, in collaboration with Multiply Architects – will be spearheading design and integration. Considering that the building towers above the surrounding developments – it will have views that will be the envy of Chinatown.
Once everything is completed – the private residential building will reach 39-storeys tall and will be connected with sky bridges located on the roof of each particular tower. In a way, that will break the original “horse shoe” design by placing a giant “halo” on the top. However, the view from these Sky Bridges will be absolutely stunning no doubt.
One of the major objectives from CapitaLand is to create a “community” within the real estate residential space. In order to achieve this, they will be incorporating several communal areas such as a kitchen on the top floor and gardens on every four floors of the condo allowing residents to engage with organic gardening and growing their own food on the premises. People will literally be “establishing roots” in One Pearl Bank.
Additionally, there will be sky terraces located on levels 14 & 18 as well as a few outdoor lounges and other social spaces. The whole idea behind this project is to bring people together.
One Pearl Bank Site Plan
At One Pearl Bank, the facilities are designed and placed on the 1st, 5th, 14th and 24th storey of its single tower.
One Pearl Bank Floor Plan
Now let’s take a closer look at the basic floor plan and perhaps a brief overview of the unit types to be found within the residence.
Firstly, the entire project will be comprised of 774 residential units. These will be located in a dual-tower arrangement consisting of 39-storeys connected by Sky bridges.
The different unit types that can be found in One Pearl Bank:
In terms of innovative designs. Each unit will come with a “Smart Mirror” which will act as a display to manage your visitors into the residential area. This will replace the conventional “intercom system” that most condominiums still use in Singapore.
Additionally, the developer wishes to have “ready-to-move” condominiums – meaning, that it will come included with a fully-integrated kitchen, curtains, AC, cabinets and some lighting.
Layout for the Different Unit Type
One Pearl Bank Review
After going through on what have been written so far in this One Pearl Bank article, there are two key advantages that you can take away immediately:
1. This project is developed by a very reputable Developer in Singapore: Capitaland.
2. It is seated on an excellent location.
Capitaland has a track record of building very iconic developments in Singapore such as The Interlace, Sky Habitat and D’leedon. Not only are you buying a property either for investment or own stay, you are in fact buying a piece of art to be added to your property portfolio.
Location wise, honestly, these days in Singapore, properties that are located within minutes to MRT is not as big deal as before because the reason is simple. There are many other properties that are located near to MRT too these days and if this is the only selling point of the development, it does not add much value to the property.
However, for One Pearl Bank, even though it is located very near to Outram MRT station, which is an interchange to North-East line. What I will like to stress is that this North-East line is an MRT interchange to Circle line and North South line at Dhoby Ghaut MRT station and Downtown line at Chinatown MRT station. In a way, it really provides lots of convenience and good connectivity to other parts of Singapore in a much-reduced travelled time.
In fact, what I will like to bring to your attention to, is what is happening around One Pearl Bank that will enhance the (future) value of the location.
Singapore General Hospital is undergoing a major redevelopment under its masterplan. In other word, the demand for accommodation around the vicinity will definitely increase. Hence, impacting the surrounding properties positively.
- Government will be rejuvenating part of Singapore under the Greater Southern Waterfront plan. Yes, you are right to say that this plan will take couple of years to realize. But the scale of redevelopment of this plan, which is six times more than Marina Bay, will definitely help to boost the future value of properties which are located near to it.
Do you know that it is always a safe bet to buy your property in locations where there are future locational developments because such redevelopment will bring positive impact to the future prices of your property?
If you are a seasoned property investor, you will know that Capitaland property doesn’t come cheap. Especially when you are buying in a good location like in District 3 where it is near to the Central Business District (CBD) and with all the transformation that are taking place in the location.
Right now, where we are already into the 2nd half of 2020, you will notice that there are many new projects launches that have crossed the $2,000psf mark and this has slowly become a reality that many have to accept.
If you ask me, it is not cheap if you compare with new projects that are launched couple of years back or if compared with those projects in other parts of Singapore, like in District 19.
Let’s do a fair comparison of One Pearl Bank with other projects nearby
From the above comparison, you can see that this project is not that expensive after all.
Right now, it is time for you to get really in-depth on this project if you like to know more or give me a buzz at +65 9091 8188 for more details on this project.
The review of this project is just part of the equation. The other part of the equation is to truly understand your purpose of buying property in Singapore especially if this is going to be your first one.
Equip yourself with the right knowledge so as to make a sound property decision.
