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

At One Pearl Bank, two penthouses on the 38th floor were snapped up in the first week of July. A four-bedroom penthouse of 2,626 sq ft was acquired for $6.8 million ($2,589 psf), and another of 2,777 sq ft was sold to a Singapore citizen for $7.5 million ($2,701 psf). These penthouses have four bedrooms and five bathrooms. With the sale of these two penthouses, there are two more available, with sizes of 2,691 sq ft and 2,778 sq ft.Given the resounding success of the development, it is easy to see why One Pearl Bank is the development of choice. It is conveniently located with an impressive view, just three minutes away from the Outram MRT exchange station and in close proximity to Chinatown and the Central Business District.

It is strategically located in Tengah town which has been designated as the world’s first forest town and also the newest HDB town in Singapore. Residents can enjoy well-connected infrastructure and transport links, various parks and recreational amenities, and a whole host of nearby amenities.

The Tengah Plantation Close EC brings residents closer to nature, while also ensuring that they have access to a wide range of conveniences through the easy accessibility of nearby supermarkets, schools and other recreational facilities. ECs are usually known for their prime locations and abundance of facilities, and this EC is no different. Residents will be able to enjoy luxurious and quality living, surrounded by lush greenery. The development also incorporates smart technologies within its complex, offering a modern living experience for you and your family.

Most recently, the last month has seen high-floor units being sold at One Pearl Bank. Located at 1 Pearl Bank in the city fringe of District 3, the two interlinked 39-storey towers are designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. It is scheduled for completion by the end of 2023 with the potential of uninterrupted views of Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods for the lucky residents.

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 further units transacted were three-bedders of 1,152 to 1,281 sq ft on the 30th to 35th floors, 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 also sold for $3.68 million ($2,630 psf).

One Pearl Bank is conveniently located just a three-minute walk to the Outram MRT interchange station, offering access to three lines – East-West, Northeast and the Thomson-East Coast Lines – an easy commute for residents living in the area.

Given its strategic location, One Pearl Bank has seen a resounding success. Since its launch in July 2019, it is over 96% sold, with typical units being a mix of studios, one-to-four-bedroom apartments ranging from 431 to 1,432 sq ft.

The property was developed as a tribute to the original Pearl Bank Apartments, one of Singapore’s first high-rise, high-density living apartment towers completed in June 1976. With its iconic elliptical shape, the towers of One Pearl Bank pay homage to this.

In the first week of July, this success was further solidified with two penthouses sold on the 38th floor. A 2,626 sq ft, four-bedroom penthouse was acquired for $6.8 million ($2,589 psf), and the larger penthouse of 2,777 sq ft was sold to a Singapore citizen for $7.5 million ($2,701 psf). There are only four of these penthouses in total, each with four bedrooms and five bathrooms, so only two more remain, with sizes of 2,691 sq ft and 2,778 sq ft.

As a result, One Pearl Bank is fast becoming the development of choice this July, with the excitement around the units and the location sure to draw further attention to the development.