New Launches News - Two penthouses sold at One Pearl Bank for $6.8 million and $7.5 million

New Launches - Record for resale price in 17 of HDB's 26 towns year to date: OrangeTee & Tie

New Launches News - At One Pearl Bank there are 774 apartments managed by CapitaLand Development Ltd, two penthouses on the 38th floor were sold in the first week of July. A 2,626 square foot four-bedroom penthouse was purchased for US$6.8 million (2,589 psf), based on a notice filed on July 8. The nationality of the property could not be determined.

The more than 2,777 square feet penthouse, also on the 38th floor, was sold to a Singaporean for $7.5 million ($2,701), based on a notice on 9 July.

There are only four penthouses at One Pearl Bank. All have four bedrooms and five bathrooms. With the sale of these two penthouses, two more will be added, measuring 2,691 square feet and 2,778 square feet.

Conveniently located at 1 Pearl Bank on the outskirts of District 3, the high-rise apartments and penthouses offer unobstructed views of Chinatown, the CBD, Outram and Tiong Bahru neighborhoods.

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Typical New Launch Condos at One Pearl Bank are a mix of studios and one- to four-bedroom apartments ranging in size from 431 to 1,432 square feet. One Pearl Bank has two interconnected 39-story towers designed by Serie+Multiply, a joint venture between companies based in London. Series Architects and Multiply Architects are based in Singapore. The 99-year rental apartment is expected to be completed by the end of 2023.

New Launch Condo One Pearl Bank is a redevelopment of the former Pearl Bank Apartments, one of Singapore's first high-density, high-rise apartment towers when it was completed in June 1976. The elliptical shape of the property. the towers pay homage to the horseshoe shape of the former Pearl Bank Apartments.

Since its launch in July 2019, One Pearl Bank has been sold over 96%. One Pearl Bank is conveniently located just a three-minute walk to Outram MRT interchange for three lines (East-West, Northeast and Thomson-East Coast Lines).

Most of the units sold in the past month are on the high floor. The three sold units are 700 square feet, two-bed from the 33rd to the 36th floor. The units range in price from $2,038 million (2,913 psf) to $2,048 million (2,927 psf).

The three units traded earlier this month were three-bedrooms ranging in size from 1,152 to 1,281 square feet on floors 30 to 35. They sold for between $3.12 million ($2,709) and $3.388 million. 2,645 USD). A 1,399 square foot four-bed on the 20th floor has sold for $3.68 million (2,630 psf).

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