One Pearl Bank holds twin 39-storey 774-unit project

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The construction of One Pearl Bank is in full swing and expected to be completed at the end of next year. The twin 39-storey 774-unit project located at the highest point the hill of Pearl’s Hill is designed by Serie+Multiply which is a joint venture of the London-based Serie Architects and Singapore-based Multiply Architects. The curving façade of both towers pay homage to the horseshoe design of the previous Pearl Bank Apartments, which was the highest residential building in Singapore at the time it was completed in the year 1976.

CapitaLand acquired the former 99-year leasehold Pearl Bank Apartments in an arrangement that cost $728 million in February 2018. The company is currently building a brand new landmark on top of Pearl’s Hill that will be more tall than the former Pearl Bank Apartments. With a height of 178m, One Pearl Bank will be the tallest residential building located in the Outram Chinatown district of Singapore’s Central area of Singapore.

The units start at the second floor of the towers. The towers are elevated 27m above the street level, it’s equivalent to the 9th or 10th floor of a typical tower. Due to its elevation the units will have views. Even the mid-level units on the 18th floors will have panoramic views, according to John Cheong, Huttons’ associate director of the district and project lead in charge at One Pearl Bank. Cheong was an invited speaker at EdgeProp’s NDP Master Plan Master Class webinar in the Outram region on the 6th of August.

The units facing north will offer 180deg views towards Clarke Quay and the city skyline The south-facing units be able to see Sentosa Island and the sea Cheong adds Cheong.

One Pearl Bankis located within a 5-minute walk of the planned Outram Park MRT Station. CapitaLand will build an enclosed walkway to protect against the harsh weather. Accessibility will be significantly improved by having Outram Park MRT Station designated as an interchange point for the three MRT routes: North East, East-West and the soon-to-be Thomson-East Coast Line, which is expected to go into operation in the near future.

The boundary of Pearl’s Hill City Park, there will be a brand-new gate that will lead directly into the park. The gate will be secured to ensure that the gate will be only accessible to those who live at One Pearl Bank. The benefit for residents of One Pearl Bank is that Pearl’s Hill City Park is getting a makeover with an addition to the park of kids’ play area and social space.

One of the most unique features is the sky allotment garden idea that CapitaLand will be introducing on the the One Pearl Bank. The bank will have 18 allotment gardens in the sky on various floors of both towers. They will have around 200 plots for residents to plant their own vegetables, herbs, and fruits. The idea is to foster bonds of community among residents.

Over 500 trees spread across 35 species and over 135,000 trees, plants and flowers that will be planted around One Pearl Bank. The greenery will cover up to 60,000 square feet (75%) of the total site area.

CapitaLand is also introducing an idea called the “Renovation-Zero concept” in which new owners are able to move in right away without having to do any work. The kitchen will be fully equipped with a swivel cabinetry and table developed from the Italian company Ernestomeda.

All kitchen appliances will come made by top-of-the-line Swiss label V-Zug. In everything from kitchen sinks and faucets all the way to bathroom tiles, flooring The materials were chosen for their longevity and easy maintenance, according to CapitaLand. The developer has provided LED lighting on all of its units. Through”The “Renovation-Zero Concept” owners are able to move into their units right away or rent their units at the time of handover without any hassle.

Its completion is scheduled by 2023’s end the Owners of One Pearl Bank will have the opportunity to take advantage of the capital gain that comes from URA Master Plan 2019. URA Master Plan 2019, that details plans to revitalize and transform central area. Central Area.

The opening is part of the brand new Thomson-East Coast Line on the entrance of One Pearl Bank; the new Singapore General Hospital (SGH) facility, set to become the most prestigious medical facility in Singapore and The Greater Southern Waterfront, with its 10-km promenade along the coast and the possibility of adding more amenities to the area. From the Outram region, Chinatown, the CBD, Orchard Road, Robertson Quay and Tiong Bahru are all within the distance of a few minutes and MRT ride.

Cheong from Huttons expects a potential large rental pool that originates out of Huttons sees a potential strong rental pool coming from the SGH campus over the near future as the campus is flooded with medical experts. In the past, prior to One Pearl Bank, the most recent new development was launched about a decade ago . It was the Dorsett Residences, a 68-unit complex that was launched in October of 2010. All units were purchased within a single day for an average of $1,800. The project, which is connected with Dorsett Hotel, was completed in 2013.

One Pearl Bank was introduced in July 2019 and has had over the 84% sold as of today with an average of $2,425 per square foot. The development offers a broad selection of different types of units that range from studios, one-bedroom units and even sky villas with four bedrooms. There are just four basicx sky villas on the 38th level, featuring four bedrooms each, with sizes of 2 626 sq ft up to 2,788 sq feet. Prices for sky villas start at $8.42 million ($3,206 per square foot).

Studios start at $1.229 million One-bedroom units begin at $1.664 million and two-bedroom units up to $1.917 millions, and three bedders start at $2.866 million, and four-bedders cost at minimum $3.437 million. Prices start at $2,416 per square foot.