Archive for category: Misc

One Pearl Bank, the award-winning CapitaLand development, has been fully sold following the recent sale of the last penthouse unit on the 38th level. It had four penthouse units in total, with a spacious 2,788 sq ft residence being sold for $7.1 million or $2,547 psf, to a Singaporean buyer. This reflects the predominant domestic interest in the property.

The iconic twin-39 storey, 774-unit development towers at the top of Pearl’s Hill, with its curved façade paying homage to the original horseshoe shape of the former Pearl Bank Apartments, which had been the tallest residential tower in Singapore when it was completed in 1976. It has easy connectivity to the upcoming Outram Park MRT Station, just five minutes away. CapitaLand is building a sheltered walkway against inclement weather to make accessibility even easier. Outram Park MRT Station is designated as an interchange for three MRT lines: North East, East-West and the Thomson-East Coast Line.

CapitaLand had acquired Pearl Bank Apartments for $728 million in February 2018, and set out to build a taller landmark at Pearl’s Hill. At 178m in height, One Pearl Bank is now the tallest residential tower in the Outram-Chinatown district in Central Singapore. It found formidable success, achieving an average price of $2,753 psf for the units sold within a price range of $2,430 to $3,009 psf. 76.8% of the buyers were Singaporeans, while 16.4% were PRs and 6.8% were foreign nationals. It took just over four years – around 51 months – for it to be fully sold. This included an amazing 25% of the entire development (or 160 units) being sold during the launch weekend.

The much-anticipated Tengah Plantation Close EC is one of the projects that will help make Jurong a dynamic regional hub. The development is located in the heart of Tengah town and set to be a key catalyst for Jurong’s transformation. It will provide a range of amenities for residents, including an eco-friendly recreational park, a shopping centre and a wide variety of food and beverage outlets. This development will help promote a bustling shopping and entertainment scene, making it a great place to live and work.Overall, the URA’s plans for Jurong’s transformation project are quite promising and Tengah Plantation Close EC is sure to be one of the highlights. It’s an exciting prospect for both businesses and residents and a great opportunity to enjoy the future of Jurong as a world-class regional hub.

CapitaLand is now turning its attention to the redevelopment of JCube mall into a 40-storey tower with commercial space on the first two storeys and 368 apartments on the uppermost 38 floors. The showflat drew more than 7,000 visitors on its first weekend of public preview. Meanwhile, One Pearl Bank is a true success story – a testament to the popularity of the project and what for some, is a dream come true.

One Pearl Bank properties have been fully sold, a sign of the success of this CapitaLand development. The twin-39 storey, 774-unit project is designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. Its curved façade pays homage to the original horseshoe shape of the former Pearl Bank Apartments. The landmark development achieved an average price of $2,753 psf and was sold within a price range of $2,430 to $3,009 psf. It boasted 4 penthouse units, with the final unit purchased for $7.1 million or $2,547 psf. Interestingly, the buyer was a Singaporean, reflecting the predominant domestic interest in the property.

Accessibility was made easier by CapitaLand building a sheltered walkway against inclement weather to the nearby Outram Park MRT Station, which is designated as an interchange for three MRT lines. It took a mere four years (or 51 months) to fully sell out One Pearl Bank, with 25% of the entire development (160 units) being sold during the launch weekend.

CapitaLand is now focussing on the redevelopment of JCube mall into a 40-storey tower with commercial space and 368 apartments. The overwhelming response to the showflat – with more than 7,000 visitors on its first weekend – is a testament to the popularity of these developments. Whether it’s for a dream home or a restructure of your property portfolio, it’s safe to say One Pearl Bank was more than a success.