iCompareLoan Editorial Team
Image Credits: One Pearl Bank, Capitaland Ltd
Being strategically placed on the large site of the former Pearl Bank Apartment, the One Pearl Bank is a gorgeous condo building that will house 774 units. The developers estimate that they will complete it by 2023. The site area is 82,376 square feet and the unit types include studios, 1-bedroom apartment, 2-bedroom, 3-bedroom, 4-bedroom apartment, and penthouse.
The unit will have 39 levels and will be split into 2 blocks. It will also benefit from 620 parking spaces, out of which 5 will be handicapped lots.
A New, Better Building
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As the tallest building in Singapore, the former Pearl Bank Apartment was by far the most talked-about residential sale one year ago, back in 2018. This iconic building that was built back in 1976 is now replaced by a much better version, the One Pearl Bank condominium.
It seems that the real estate developer, CapitaLand, is keen on preserving the iconic horseshoe look of the former building. However, everything else will be changed. This new building will look simply astounding, featuring gardens arrayed vertically. The proud owners of condos in this building be able to live amidst lush gardens, extravagant views and a whole lot of great amenities.
Developer of the One Pearl Bank
The developer of this complex is CapitaLand, the largest real estate group in the whole of Asia. They own a portfolio of over $123 billion and are constantly expanding. While their main focus lies in Singapore and China, they are also extending in emerging markets from Africa and Asia. Moreover, they are hitting strategic markets from Europe, the USA, and Canada.
CapitaLand has always surprised by its innovative real estate projects and high-quality buildings. Thanks to their excellent track record, the future homeowners of a One Pearl Bank condo should expect the best living quality and most innovative finishes in their new home.
The Location
One Pearl Bank is strategically located in District 3 of Singapore, featuring a unique address: 1 Pearl Bank, Singapore 16901. The building is right near the Pearl’s Hill City Park. As an owner here, you’ll have exclusivity to the views in the park and you’ll be able to breathe in the fresh air.
The condominium is located just 5 minutes away from the Outram Park MRT station, which is a key station in Singapore. This is an interchangeable station between the East-West and North-South lines. Commuters who will live at the One Pearl Bank location will be able to conveniently reach any part of the city by train.
Nearby, you can find a wide range of amenities, such as souvenir shops, restaurants, Raffles Place, to name just a few. One Pearl Bank is close to the Central Business District and near Chinatown. If you work in CBD and you prefer to eat in Chinatown, then this complex is located in just the perfect place for you.
Facilities
One Pearl Bank offers unparalleled views. Thanks to the slender and slightly curved shape of the condominium, all apartments enjoy a light and airy effect. The developer wanted to create a strong community in this place, so they will equip both towers with a wide range of amenities, from communal kitchen and plots for gardening to spas, gym, swimming pool, sky terraces, outdoor lounges, and even an amphitheater.
Future Developments in the Area
People who choose to relocate here will be able to live in a large community of people. According to the latest plans released by the municipality, there will be more residential properties built in the area. In terms of capital gain, these new properties will benefit owners of One Pearl Bank condos, especially when it comes to capital gain.
Final Words
Buying a unit in this amazing place is more like buying a piece of art. One Pearl Bank presents itself as a value proposition to both investors and home buyers. In addition to the extravagant design and unique features of vertical gardens, this building is located close to the most important places in Singapore: CBD and Chinatown.
This is an architectural masterpiece you shouldn’t pass by. Of course, there will be other constructions in the area, but this place is competitively priced and it benefits of a prime location right next to the Pearl’s Hill City Park and in the proximity of the Outram Park MRT station.
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