One Pearl Bank New Development by Capitaland
One Pearl Bank is a new development located right at the heart of Outram MRT Station by Capitaland. The development is the former Pearl Bank Apartments and is located just minutes away from the Central Business District. On 20th July 2019, during the launch of One Pearl Bank, the iconic development by Capitaland received very good response and was able to sell 160 units. Being suitably located at the central district of Singapore near to the core city centre, One Pearl Bank forms a suitable investment option for investors and homebuyers. One Prime Bank gives an exclusive opportunity to own a rich real estate piece. Have you been longing to get an outstanding city center living standard? One Pearl Bank has got you covered! Its units are fairly priced when compared to the surrounding projects that are also selling.
Location of One Pearl Bank Next Beside Hill City Park
One Pearl Bank is strategically located in Singapore’s District 3. It has a distinctive address of 1 Pearl Bank, Singapore 169016. As at now, it is among the highly ranked quality condominium projects. Cushioned just next to the Hill city park of Pearl, this residential property offers tranquility, a characteristic greatly appreciated by investors and home buyers. It is worth noting that currently, this iconic residential has CapitaLand as the real estate developer.
One Pearl Bank has a wide range of unique facilities. You will appreciate each and every feature. From a clubhouse to a guard house to a function room to indoor gyms to swimming pools to tennis courts to BBQ pits to sun deck and not forgetting the children’s playground. These facilities will offer fantastic entertainment platforms that will help you achieve a pampered and serene lifestyle.
Unique Features of One Pearl Bank
There are several things about One Pearl Bank that makes it unique. These include:
a. It is established as the tallest residential building in Central Singapore, Outram Chinatown district
b. The condominium consists of 2 39-storey towers that curve gently. These 2 towers are beautifully linked by sky bridges at the roof.
c. The towers feature panoramic outlooks that extend from the CBD to Sentosa
All these features are unlike what any other building in Central Singapore offers.
Among the top 4 reasons why you should consider One Prime Bank is:
• You will be guaranteed of living in a beautiful architectural masterwork
• It is strategically located and therefore accessing the core of Singapore and MRT is easy
• One Prime Bank management has multiple development plans to be actualized in the future. This means that more amenities will be constructed and the existing ones improved hence better living standards
More is to be expected from this condominium as CapitaLand is planning to regularly redevelop the residential site.
CapitaLand limited is among Asia’s biggest real estate developers. There is a office located at Singapore and manages a global portfolio worth $1312billion. Capitaland real estate portfolio revolves around diverse commercial and retail development, residential development, integrated and urban development. Been present in more than 30 countries and 200 cities its core focuses of market its on China and Singapore. Nevertheless CapitaLand continues to expand its market to other countries such as Vietnam, Europe, USA, Australia and India.
CapitaLand manages eight real estate investment funds, business trusts and over 20 private funds globally hence crowned as one of the largest estate investment management businesses. CapitaLand’s Real Estate Investment Trust and Business Trusts include CapitaLand commercial trust, Ascott residence trust, Retail China Trust, Malaysia Mall Trust, Ascendas Hospitality Trust and Ascendas real estate investment Trust. CapitaLand stands out as one of the most fascinating investments with big ambitions to conquer 2019 milestones and strive for its growth coming next year; CapitaLand is one of the topping worldwide enterprises that enrich people from diverse location through provision of quality real estate services and products. As it vision suggests Capital land is determined to redefine and revolutionize real estate investments for a better future.
Mr Ng Kee Choe stands as the Chairman of CapitaLand Board that comprises of 11 directors. The board has a main objective to ensure the company delivers sustainable value to all their shareholders and provides for an overall guidance to CapitaLand’s management. The year has been quite exciting and at the same time had a couple of milestone.as we looking forward to usher in the next year it very important that we flashback the best moment we had. CapitaLand has come up with four main themes of the year that will help plan and strive to promote its growth for the coming years.
Capital land teamed up with City Developments Limited and Ascott Residence Trust have a plan to redevelop the Liang Court Site into a residential apartment development consisting of two towers to cover up almost 700 apartment units, a hotel and a commercial component. CapitaLand Graduate Development Program with an aim of nurturing successful youths within two years of working experience within CapitaLand. These youth gain exposure to worldwide markets from global real estate sectors. CGD has a core aim to offer the best structure and foundation for personal growth and development. Therefore graduates gain leadership qualities, resilience to strive, enthusiasm to take risks and utilize them and the ability to collaborate and work with each other effectively.
CapitaLand has a sustainable strategy to build and provide for the growth of communities and its people. It is devoted to help improve the economy and the social well-being of stake holders. CapitaLand supports for creative innovation and invention without interfering with the environment for a better future.
Pearl Bank Apartments Enbloc by Capitaland
If you are a Singapore native, then chances are you remember the landmarks located in various parts of this fascinating area. One of these would be the old Pearl Bank Apartments. This landmark was unique because it was shaped in the form of a horseshoe. However, the building has been showing its age and it has fallen into various states of disrepair. This is why the owner of the Pearl Bank Apartment building elected to sell the property, but would he find a solid bidder?
The short answer is that yes, he did. CapitaLand agreed to purchase the property for S$728 million in a collective acquisition. They also added an additional premium of S$200 million, and this means that the price of the land averages out to just over S1,500 per square foot of the gross area.
Horse Shoe Landmark Pearl Bank Apartments
Of course, it won’t be long before this horseshoe-shaped development will be no more. CapitaLand plans on tearing down the landmark and rebuilding it into modernized high-rise apartment offerings. The new residential area will be comprised of 800 apartments and will also have a number of shared areas. It will definitely be much better than this old unit, which only had just under 300 units. The former building’s 99-year lease was established in the Summer of 1970.
The individuals currently living in this landmark will each receive between $1 million to $4.8 million for their personal unit. Of course, in order for the sale to be final, it will need to undergo a Pre-Application Feasibility Study (PAFS) to ensure the transaction is fully operational.
Residents Living at Outram Park Neighbourhood
In years past, the dominant opinion among the apartment residents was that they wanted to try to conserve the area and protect its history and original beauty. However, in the last couple of years, public opinion has shifted. Most of the residents now feel that redevelopment would be more in their public interest. Moreover, this planned redevelopment is also in line with the redesign efforts in the Outram Park neighborhood. In the near future, there will be an architectural shift in many of the buildings in Outram Park, and this redesign project will go a long way in supporting that.
The tender for Pearl Bank was launched in mid-November, and it will be completed in mid-December. These are definitely exciting times for Singapore’s Outram Park.