Ravi Chandran
Capitaland’s One Pearl Bank sold 160 units or 80% of 200 units released during weekend launch
CapitaLand’s Pearl Bank achieved strong sales for the weekend launch, which commenced bookings at 11am on Saturday, 20 July 2019, a week after its sales gallery opened for public viewing on Saturday, 13 July 2019.
Table of Contents
As at 5pm on Sunday, 21 July 2019, 160 units or 80% of the 200 units released were sold at an average selling price of S$2,400 per square foot. The strong performance during its first weekend of sales earned One Pearl Bank the distinction of the best-selling new launch in Singapore’s Central Area year to date.
Mr Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail, said: “We are very encouraged by the positive response for One Pearl Bank during its weekend launch. This points to the continued market demand for well-appointed homes in prime District 3 that are connected to transport nodes, amenities and lifestyle options.”
“As the one and only development atop Pearl’s Hill, One Pearl Bank offers residents an exclusive opportunity for city living amidst a lush garden setting. We are confident that the project’s iconic status and excellent attributes will continue to attract interest from prospective homebuyers.”
Homebuyers who booked their units in One Pearl Bank during the weekend enjoyed an exclusive early-bird discount of 1% limited to the first two days of the project launch. The units sold included studio, one-bedroom, two-bedroom and three-bedroom types.
The most popular apartment types were the one-bedroom and two-bedroom types, which respectively accounted for 56% and 31% of the 160 units sold. About 80% of the homebuyers are locals, while the remaining foreigners are mainly from China, Malaysia and Indonesia.
Homebuyers are attracted to One Pearl Bank’s excellent connectivity with a sheltered linkway to the upcoming triple-line Outram MRT station and easy access to three major highways. Unblocked views of Singapore’s city skyline, ample community spaces and lush green features are the other strong draws.
The development’s move-in ready conditions as part of its Renovation-Zero concept also resonated with homebuyers who wanted a fuss-free experience as all units will come with fully-integrated kitchens, built-in lighting, air-conditioning, cabinetry and curtains.
Prices at Capitaland’s One Pearl Bank start from under S$1 million for a studio apartment. More than two-thirds of the 774 units at One Pearl Bank are priced below S$2 million each. A selection of unit types from studio apartments to penthouses is available, ranging from 431 square feet for a studio apartment to 2,788 square feet for the largest of four penthouses.
Capitaland’s One Pearl Bank will rise to become the tallest residential development in Singapore’s Outram district when completed in 2023. A wide selection of unit types from studio apartments to penthouses are available, ranging from 431 square feet (sq ft) for a studio to 2,788 sq ft for the largest of four penthouses available.
Centrally located in District 3, One Pearl Bank brings together the best of both worlds, a coveted address in the heart of Singapore’s cultural hub of Chinatown and the exclusivity as the only development atop Pearl’s Hill. A three-minute walk via a sheltered linkway to Outram MRT Station, a triple-line interchange station serving the East-West Line, North-East Line and upcoming Thomson-East Coast Line (TEL), One Pearl Bank’s completion will follow the opening of the TEL scheduled for 2021, making the commute to Shenton Way, Marina Bay and Orchard even more convenient for residents.
The development is a short drive to three highways, Central Expressway, Ayer Rajah Expressway and Marina Coastal Expressway. The Outram precinct is also set to be transformed into a healthcare hub with the upcoming SGH Campus, a 20-year redevelopment plan by healthcare group SingHealth.
Overlooking the Singapore skyline, Capitaland’s One Pearl Bank comprises two gently curved 39-storey towers joined at the roof by sky bridges.
Designed by multi award-winning Serie+Multiply, One Pearl Bank is the first residential development to feature a series of sky allotment gardens vertically arrayed at one edge of each tower, testament to its biophilic design integrating nature with architecture. Residents can grow their own produce at the 18 allotment gardens throughout the development which offers close to 200 allotment plots. These gardens not only support urban farming but also offer spaces to promote community bonding.
Lush landscaping also adorns the two mid-tower sky terraces and roof gardens. On Level 39, the Sky Oculus connects both towers and serves as a social space with facilities such as a walking track, indoor and outdoor gymnasium as well as function rooms, gourmet kitchen and social lounge. Terraces on Level 14 and Level 18 will house an amphitheatre and outdoor lounge areas for social gatherings, as well as a yoga deck and meditation corner for some quiet in the city.
Secure the Best Home Loan Quickly
Do you want to buy a private residential property but are unsure of securing funds? Don’t worry because iCompareLoan mortgage brokers can set you up on a path that can get you a commercial loan in a quick and seamless manner.
Alternatively you can read more about the Best Home Loans in Singapore before deciding on your next purchase. Our brokers have close links with the best lenders in town and can help you compare Singapore’s best commercial loans and settle for a loan package that best suits your commercial purchase needs.
Whether you are looking for a new commercial loan or for a refinancing package for your commercial properties, our brokers can help you get everything right from calculating mortgage repayment, comparing interest rates, all through to securing the best commercial loans which fits your profile. And the good thing is that all our services are free of charge. So it is all worth it to secure the best commercial loans through us.
You may contact us today for advice on a new home or refinancing advice, or for Personal Finance advice.
You may also speak to our Panel of Property agents.
