Pearl Bank Apartment(old)

Pearl Bank Apartment(old) is a leasehold (99 yrs from 1970, 89 yrs from 1979) apartment completed in 1976. It is developed by ARECA INVESTMENT PTE LTD. The development occupies a land area of 7,653 sqm and a Gross Floor Area of 56,999 sqm. It consists of 280 units.

PEARL BANK APARTMENT(OLD) is located along Pearl Bank in Outram, in District 3. It is accessible through the nearest MRTs including Outram Park EW16, NE3, TE17 and Maxwell TE18.

Based on transaction data in the last 12 months, sale prices range from S$ 1,399 psf to S$ 1,399 psf at an average of S$ 1,399 psf. Its highest recorded transaction was S$ 1,118 psf in Jun 2011 for a 1,324-sqft unit. Its lowest recorded transaction was S$ 160 psf in Jun 2000 for a 2,185-sqft unit. Its current rental yield is at 1.8%. Other nearby amenities include: 3 Grocerie(s): WAN SIEW YOONG, HONG HENG SENG, FOODIE MARKET PLACE PTE. LTD., and 3 Shopping Mall(s): PEARLS CENTRE, PEOPLE'S PARK COMPLEX, CHINATOWN COMPLEX.

Buyers and tenants are attracted to District 3, which is comprised of Tiong Bahru, Alexandra and Queenstown. This district is located at the city fringe in the Central Region of Singapore and contains a good mix of public and private houses. District 3 is currently served by the East-West Line at Tiong Bahru MRT Station, Redhill MRT Station and Queenstown MRT Station. It takes approximately 10 minutes or less to commute from these stations to the Central Business District at Raffles Place MRT Station. Tiong Bahru is famous for its local food fare at the renowned Tiong Bahru Market & Food Centre. District 3 also houses an eclectic mix of specialty shops and heartland malls such as the Queensway Shopping mall and Tiong Bahru Plaza. On top of that, the world’s largest home furnishing retailer, IKEA, is situated at Alexandra road in Queenstown.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.