SINGAPORE (EDGEPROP) - One Pearl Bank’s strategic location in the Outram neighbourhood has proven popular with investors. So far, the condo’s one-bedroom units have been its most well-received selection, with the majority of them snagged up by investors, shares Yvonne Nia, senior manager, marketing & sales, at CapitaLand.
To make it more enticing, CapitaLand has also introduced a “renovation zero” concept at One Pearl Bank. “Usually when you take over your unit, you’ll get loose wires hanging and there will be no fixtures other than your kitchen cabinet,” says Nia. But at One Pearl Bank, the developer has made it easy for investors to rent out their unit, or for homeowners to move in once they have collected their keys.
To that end, fixtures in One Pearl Bank’s units include pre-installed ceiling lights, and wooden laminate walls at the entrance of the unit, which would save time on designing the residence. This can “give a more welcome and cosy feeling when you enter your new home, rather than being greeted with white walls”, says Nia.
Besides this, all units will be provided with a washer and dryer, while shoe cabinets are available outside the entrance, decked out in the same wooden laminate. Residents would also be able to enjoy a rainshower by Hansgrohe.
Another feature that CapitaLand has introduced in its smaller units is its swivel dining table, which can be tucked into the kitchen countertop when not in use. “We have created more flexibility in the layout for users,” says Nia, adding that without this, most homeowners would have to park their dining table along the walkway, making spaces tighter. With the nifty design, residents can use it as a workspace as well, she adds. Suited for smaller layouts, the swivel table is only available for its studio, one- and two-bedroom units.
The larger units at One Pearl Bank — the three- and four-bedders — come with an extended kitchen countertop, fitted with a concealed storage space for cutleries, chopping board and spice bottles.
The 99-year leasehold development will have two 39-storey residential towers with a total of 774 apartments, which range from studios to four-bedroom apartments, and four penthouse units. To date, the developer has launched 450 units, and sold 82% of the units launched. This includes its most recent launch in October, which comprises some four-bedroom units and two penthouses that face Pearl’s Hill City Park.
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Once the development is completed in 2023, residents at One Pearl Bank would be able to access Outram Park MRT Station via a sheltered walkway. The MRT station, which currently serves the North-East and East-West Lines, will become an interchange for three MRT lines in 2021 when Stage 3 of the Thomson-East Coast Line opens.
The condo is also within close proximity to the Singapore General Hospital (SGH) Campus within the Outram estate. Plans are underway for extensive redevelopment and expansion of the SGH Campus over the next two decades. The master plan for Singapore’s largest healthcare hub, spanning 43ha, was first unveiled by Prime Minister Lee Hsien Loong in 2016, and is set to comprise zones for patient care, medical research and education.
The 550-bed Outram Community Hospital started operations in late-2019, while the Emergency Medicine and National Cancer Centre Singapore buildings are undergoing construction, slated to open within the next three years.
Riding that momentum, Nia is confident that One Pearl Bank’s proximity to the campus will provide a readily available stream of tenants. “A lot of health professionals are coming to work here, so they will definitely need housing,” she says.
One Pearl Bank will also have a landscaped path which links to Pearl’s Hill City Park, just adjacent to One Pearl Bank. As part of URA’s Draft Master Plan 2019, Pearl’s Hill City Park will be revamped into a playground and social space for the community, and linked to Fort Canning Park.
When designing One Pearl Bank, CapitaLand focused on greenery and wellness. The development will boast over 500 trees across 35 species and more than 135,000 shrubs, plants and flowers, occupying over 60,000 sq ft of space — equivalent to 75% of the total site area.
The condo’s facade will feature a series of sky gardens arrayed vertically at one edge of each tower. In total, the development will have 18 sky gardens at the edge of towers, with close to 200 plots where residents can grow their own herbs, fruits and vegetables. Residents of two-bedroom units and larger will get a sunken planter in the balcony. They will be able to opt for plants, with the selection decided by the landscape architect, says Nia.
Residents will also be able to wander through the wellness facilities available on site. Crowning the development at level 39 is a garden in the sky, called Sky Oculus, which features meandering walking tracks throughout various functional spaces.
Meanwhile, two terraces on levels 14 and 18 boast further facilities: The Privé Terrace overlooks Pearl’s Hill City Park, boasting amenities such as a yoga deck, exercise lawn and meditation corner, while the Social Terrace, which offers views of the city, houses an outdoor lounge, open amphitheatre and alfresco dining area.
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