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Two penthouses sold at One Pearl Bank for $6.8 mil and $7.5 mil

/ EdgeProp Singapore |

July 14, 2023 8:07 PM SGT

The 774-unit One Pearl Bank is targeted for completion by end 2023 (Photo: Samuel Isaac Chua/EdgeProp Singapore)

SINGAPORE (EDGEPROP) - At the 774-unit One Pearl Bank by CapitaLand Development Ltd, two penthouses on the 38th floor were sold in the first week of July. A 2,626 sq ft, four-bedroom penthouse was acquired for $6.8 million ($2,589 psf), based on a caveat lodged on July 8. The nationality of the buyer can't be identified.

The larger penthouse of 2,777 sq ft, also on the 38th floor, was sold to a Singapore citizen for $7.5 million ($2,701 psf), based on a caveat on July 9.

There are only four penthouses at One Pearl Bank. They all have four bedrooms and five bathrooms. With the sale of these two penthouses, two more are available, with sizes of 2,691 sq ft and 2,778 sq ft.

Given its location at 1 Pearl Bank in the city fringe of District 3, high-floor apartments and penthouses command uninterrupted views of Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods.

View of Chinatown and CBD - EDGEPROP SINGAPORE

View of Chinatown and CBD from the 28th floor of the original Pearl Bank Apartments. High-floor units at One Pearl Bank will enjoy the same views (Photo: Samuel Isaac Chua/EdgeProp Singapore)

Typical units at One Pearl Bank are a mix of studios, one- to four-bedroom apartments ranging from 431 to 1,432 sq ft. One Pearl Bank has two interlinked 39-storey towers designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. The 99-year leasehold condo is scheduled for completion by the end of 2023.

One Pearl Bank is a redevelopment of the former Pearl Bank Apartments, one of Singapore's first high-rise, high-density living apartment towers when it was completed in June 1976. The elliptical shape of the towers pays homage to the horseshoe shape of the former Pearl Bank Apartments.

Since its launch in July 2019, One Pearl Bank is over 96% sold. One Pearl Bank is conveniently located just a three-minute walk to the Outram MRT interchange station for three lines (East-West, Northeast and Thomson-East Coast Lines).

One Pearl Bank landlens - EDGEPROP SINGAPORE

One Pearl Bank is located within a short walk of the Outram MRT interchange station (Source: EdgeProp Landlens)

Most of the units sold this past month are high-floor units. Three units sold were 700 sq ft, two-bedders on the 33rd to 36th floors. These units fetched prices ranging from $2.038 million ($2,913 psf) to $2.048 million ($2,927 psf).

Three units transacted earlier this month were three-bedders of 1,152 to 1,281 sq ft on the 30th to 35th floors. These were sold at prices ranging from $3.12 million ($2,709 psf) to $3.388 million ($2,645 psf). A 1,399 sq ft four-bedder on the 20th floor was sold for $3.68 million ($2,630 psf).

Check out the latest listings near One Pearl Bank, Outram MRT Interchange Station

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