One Pearl Bank: A new icon in the making

By Amy Tan / EdgeProp Singapore | July 19, 2019 2:00 PM SGT
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Over the weekend of July 13 and 14, more than 4,000 prospective homebuyers flocked to the public preview of CapitaLand’s One Pearl Bank, a redevelopment of the former horseshoe-shaped Pearl Bank Apartments in Outram. The preview attracted former residents as well as new homebuyers.
“[Homebuyers] are attracted to the development mainly due to the site’s attributes and architectural design of the building,” says Eugene Lim, key executive officer of ERA Realty Network.
Located in District 3, One Pearl Bank is within walking distance of Chinatown and is the only development atop Pearl’s Hill. The 99-year leasehold development will have two 39-storey residential towers with 774 apartments ranging from studios to penthouses of between 431 and 2,788 sq ft. The project is marketed by ERA and Huttons Asia.
Nearby amenities
When the project is completed in 2023, a sheltered walkway will link the development directly to Outram Park MRT Station. This station is expected to become an interchange for three MRT lines in 2021 when Stage 3 of the Thomson-East Coast Line opens. It currently serves the North-East and East-West Lines.
Nearby, the Pearl’s Hill City Park has been identified for rejuvenation under the URA’s Draft Master Plan 2019. In future, residents will also be able to take a stroll from One Pearl Bank to Fort Canning Park via the Singapore River.
Ronald Tay, CEO of CapitaLand Singapore, highlights that the project complements the lifestyle of city-dwellers, given its amenities and proximity to the CBD. “[Residents] can also walk to Chinatown, Keong Saik and Tiong Bahru,” he says.
In addition to these, Lee Sze Teck, head of research at Huttons Asia, points out that the “exceptional views all round” impressed many interested homebuyers at the weekend preview. To complement the project’s show gallery, CapitaLand has turned Level 28 of Pearl Bank Apartments into a viewing gallery that features unblocked views of Singapore’s city skyline. As One Pearl Bank will be elevated, units from the 18th storey onwards will have these views.
The rooftops of both towers of the new development have been designed as a social space connected by a “Sky...