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

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Two penthouses at One Pearl Bank were sold this past week, adding to an impressive streak of transactions in the highly anticipated development. Both transactions involved four-bedroom apartments on the 38th floor.

The first penthouse, covering an area of 2,626 sq ft, was sold to a mystery buyer for $6.8 million ($2,589 psf) according to a caveat lodged on July 8th. The second penthouse, with a floor area of 2,777 sq ft, was sold to a Singapore citizen for $7.5 million ($2,701 psf) as per a caveat lodged on July 9th.

Located at 1 Pearl Bank in District 3, One Pearl Bank is a 99-year leasehold development by CapitaLand Development Ltd comprised of two interlinked 39-storey towers designed by Serie+Multiply Architects. Scheduled for completion in 2023, the 774-unit development has proved to be quite popular, being over 96% sold since its launch in July of 2019.

Apartments and penthouses offer spectacular views of the CBD skyline, Chinatown, Outram and the Tiong Bahru neighbourhoods. There are four penthouses in total, all containing four bedrooms and five bathrooms. With the sale of two, two more remain of sizes 2,691 and 2,778 sq ft.

Typical units at One Pearl Bank are a mix of studios, one- to four-bedroom apartments ranging from 431 to 1,432 sq ft. The development is conveniently located just a three-minute walk from the Outram MRT interchange station for three lines (East-West, Northeast and Thomson-East Coast Lines) and this month saw many high-floor units being snapped up.

Residents have easy access to nearby MRT stations, neighbouring parks, bicycle paths, and other amenities. All these make Tengah Plantation Loop EC an ideal location for green and sustainable living.

Three two-bedders measuring 700 sq ft were sold on the 33rd to 36th floors for between $2.038 million ($2,913 psf) to $2.048 million ($2,927 psf). Furthermore, three-bedders of 1,152 to 1,281 sq ft on the 30th to 35th floors were sold for prices ranging from $3.12 million ($2,709 psf) to $3.388 million ($2,645 psf). Additionally, a 1,399 sq ft four-bedder on the 20th floor was sold for $3.68 million ($2,630 psf).

At One Pearl Bank, residents not just enjoy convenient MRT access but also views of the city, a great testament to the success of the development.