ONE PEARL BANK
City Fringe Homes at Outram MRT Station
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Here we present the upcoming One Pearl Bank condo in Singapore’s central Outram-Chinatown district, that will replace the iconic former Pearl Bank Apartments, a long-time landmark in the area. In the architecture of 1 Pearl Bank, the developer Capitaland has unveiled a design that is at once light and modern, yet unmistakably calls to mind the form and geometry of the previous Pearl Bank Apartments.
One Pearl Bank sits at Pearl’s Hill, next to Pearl’s Hill City Park. It comprises two 39-storey high curvilinear towers set out in an S-shape and linked at the top by sky bridges. Standing tall at 178 metres, it will be the highest residential tower in the neighbourhood.
Its slender, flowing outlines create an airy, almost filigree-like effect. This allows residents to see around or through the towers. Which means that from its perch on the hill, One Pearl Bank offers sweeping views to the Central Business District in the distance, and all the way to Sentosa and beyond.
This development also enjoys the advantage of easy connectivity. From the site itself there is a sheltered link to Outram Park MRT station, about 5 minutes walk away. Outram Park station is a 3-line interchange station that serves the North-East, East-West, and upcoming Thomson-East Coast MRT Line.
One Pearl Bank’s scheduled completion in 2023 will follow after the opening of this stage of the Thomson-East Coast Line in 2021. Hence residents here will be within 3 to 4 stops on direct line from Orchard Road as well as Marina Bay and the Shenton Way financial district.
The Design of 1 Pearl Bank Condo
The One PearlBank condo is designed by award-winning Serie+Multiply, a collaboration of the London-based Serie Architects with Singapore-based Multiply Architects. Its design intent is for a “clear and simple form” that acts as a punctuator, a beacon on Pearl’s Hill.
The design also capitalises on the hill’s sloping typography. One Pearl Bank’s towers are lifted 21 metres above the ground to allow for visual continuity of the greenery that flows from Pearl’s Hill City Park and across the development itself.
Official Fly-Through Video of One Pearl Bank by Capitaland
Register interest or request details here.
Over 135,000 plants, shrubs, and flowers, and more than 500 trees representing 35 species, will be planted throughout the site. These will cover a space of 60,000 square feet, verging on 75% of its site area.
The lush landscaping will also grace the two roof gardens and mid-level sky terraces, that act as communal and social spaces. Here, residents can practise their yoga, or unwind and relax at the meditation corner or lounge, or host functions at the alfresco dining area or open amphitheatre.
The One Pearl Bank condo will house 774 apartment units catering to urbanites looking for the convenience and zest of city living in a prime location. It offers a good range of unit types, from studios to 4 bedroom apartments and penthouses, that span from 430 to 2,800 square feet. Incidentally this falls in line with URA’s master plan vision to bring life and vibrancy into the CBD at night, with more homes in the central district.
The Allotment Gardens of One PearlBank Condo
Adding to the attractions of One Pearl Bank is a feature said to be a world-first – an array of sky allotment gardens slotted at vertical intervals at a corner of each of its two towers. Traditionally, allotment gardens are small parcels of land rented or assigned to individuals, usually for growing crops.
In this case, One Pearl Bank has taken it to the sky. Each tower is designed with an allotment garden at every four floors, subdivided into 11 plots per garden. With a total of almost 200 plots in 18 sky allotment gardens, residents should be able to get one to plant their own organic fruits, or herbs and vegetables if they so wish. Aside from building community bonds among residents and supporting urban farming, gardening is known to have health benefits.
Furthermore, the allotment gardens complement the roof gardens and sky terraces, adding to the greenery of the One Pearlbank condo facade that is visible from afar. Together with the greenery from the balcony planters, they reinforce the development’s biophilic design focus, to enhance the quality of living here through connectivity to nature.
The One Pearl Bank Condo in Summary
The concept of living at 1 Pearl Bank is perhaps best expressed in the words of Mr Ronald Tay, the CEO of Capitaland himself, who said:
“As the one and only development at Pearl’s Hill, One PearlBank offers residents an exclusive opportunity for city living in the midst of a lush garden setting. Given its unparalleled location, we wanted a design that contributes meaningfully to Singapore’s city scape and enhances its surroundings. This includes incorporating abundant greenery at different elevations, and adding a landscaped path linking One Pearl Bank to the adjacent Pearl’s Hill City Park – a beautiful but hitherto largely under-utilised public park.”
Register interest or request details here.
|Name||ONE PEARL BANK|
|Developer||Areca Investment Pte Ltd (Capitaland Limited)|
|Status||Condominium (Foreigners eligible to buy)|
|Address||1 Pearl Bank, Singapore 169016|
|Tenure||99 years leasehold w.e.f. 1 March 2019|
|Site Area||7,652.92 m² (82,376 sq ft)|
|Floor Area||61,988.6 m² (667,245 sq ft)|
|T.O.P. Date||31 December 2023|
|No. of Storeys||39|
|No. of Units||774|
|Car Park Spaces||620 + 5 handicapped-accessible spaces|
|Description||Residential flat development comprising 2 residential blocks of 39-storey (total 774 units) with 4 levels basement car parks, swimming pool and communal facilities on Lot 00189l, TS 22 at Pearl Bank (Outram Planning Area)|
Joint venture of London-based Serie Architects & Singapore-based Multiply Architects
One Pearl Bank Floor Plans
The One Pearl Bank floor plan brochure is available. Below are example floor plans.
Please drop us a note via the Contact Form if you wish for the full brochure to be emailed to you.
One Pearl Bank Condo Site Plan
The One Pearl Bank site is an irregular shaped land parcel on the south slope of Pearl’s Hill. It has the advantage of being an island site, standing quite a distance from other buildings, and offering an almost 360 degree panorama.
To its north and east it enjoys unblocked views over the park and green buffers of Pearl’s Hill City Park, a rather quiet patch of green that is not much frequented.
And to its south and south-east, it similarly has unobstructed views for quite a way to the city skyline, overlooking the grounds of Outram Park station and the conservation shophouses of Duxton Plain and Neil and Blair Roads in the near distance.
The One Pearl Bank condo lifestyle will be supported by facilities such as outdoor and indoor gyms, a lounge, a walking track, and entertainment & dining spaces at the roof gardens and sky terraces.
And as mentioned before, One PearlBank has vertical sky allotment gardens as well, the world’s first in a residential development. These are cantilevered from the edges of the two towers at intervals of every four floors, to provide enough sunlight for plant growth.
It takes the concept of urban farming to a whole new level. The gardens are both productive and sustainable greenery that goes beyond just pretty landscaping, which is all to the good from an environmental perspective as well. And in the process, they foster interaction among neighbours through a common interest and shared activity, or simply a healthier lifestyle.
One Pearl Bank Showflat · Viewing
3D virtual tour of the One Pearl Bank condo showflat available. Just drop us your details in the Contact Form below.
In the meantime, here is the Drone Interactive View:
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One Pearl Bank Prices · Unit Types
UNIT TYPES . SIZES
|Unit Description||Type||No. of
|1 Bedroom||A||175||49 – 53||527 – 570|
|2 Bedroom||B||280||65 – 83||700 – 893|
|3 Bedroom||C||140||102 – 119||1,098 – 1,281|
|4 Bedroom||D||35||130 – 133||1,399 – 1,432|
|Penthouse||PH||4||244 – 259||2,626 – 2,788|
|Total Number of Units||774|
Floor areas stated includes any Voids, Patios, Balconies, Terraces, A/C Ledges.
ONE PEARL BANK PRICE RANGES
Here is the indicative One Pearl Bank price guide as at 22 June 2020.
These prices are subject to change as units are sold. Do please Contact Us for the latest availability and pricing.
|Studio||431||$1.066M – $1.16M||5||$250 + GST|
|1 Bedroom||527 – 570||$1.302M – $1.472M||5 / 6||$250 – $300 + GST|
|2 Bedroom||700 – 893||$1.644M – $1.955M||6||$300 + GST|
|3 Bedroom||1,098 – 1,281||$2.609M – $2.755M||7||$350 + GST|
|4 Bedroom||1,399 – 1,432||From $3.5xM Up||7||$350 + GST|
|Penthouse||2,626 – 2,788||PoA||9 / 10||$450 – $500 + GST|
The One Pearl Bank site covers an area of 82,376 square feet. Under the URA Master Plan, it is zoned for residential use.
Capitaland paid SGD$728 million to win the site in its collective en bloc sale. After including the lease top-up premium of around SGD$201.4 million, analysts worked out the land rate at $1,515 PSF PPR (per square foot per plot ratio).
The 1 Pearl Bank is not an easy one to build on, due to its typography and lack of room to manoeuvre, especially with such a tall structure to handle. Hence the break even rate could be in the region of $2,150 PSF PPR, after factoring in all the development, construction and marketing costs, as well as financing and overheads.
This is especially since the finishes and fittings provided here are at the higher end of the spectrum. Furthermore, the units come fully fitted, in an almost ready-to-move-in state.
Based on the indicative starting price of around $2,1xx to $2,2xx PSF announced, it looks like Capitaland is taking an extremely small margin for the Preview. This is a strategy that is increasingly used by developers to achieve good sales figures for the launch so as to create a momentum, following which they then increase prices.
About the Developer
One Pearl Bank Singapore is being developed by Capitaland Limited (“Capitaland” or the “Group”), one of the most well-known and reputable real estate companies in Singapore, with a market capitalisation of around SGD$15 billion.
Whilst rooted, headquartered and listed in Singapore, Capitaland is also one of the largest real estate players in Asia. It owns and manages a global portfolio of shopping malls and lodgings, offices, residential and integrated developments, and real estate investment trusts (REITs) and funds worth over SGD$103 billion as of 31 March 2019.
The Group operates in over 190 cities across more than 30 countries. Its core markets are in Singapore and China, with an expanding presence in the USA, Europe and Vietnam.
The strength of the Group lies in its extensive market networks, as well as its large asset base and diverse investment management businesses. In tandem with these, Capitaland has built up extensive operational, design and development capabilities. This has enabled the company to deliver a number of well-known quality products, while remaining selective about the projects it chooses to work on.
Some of the recognisable Capitaland residential developments, including iconic joint venture ones, are Duo Residences and Marina One, The Interlace, D’Leedon, Sky Habitat, The Orchard Residences (at ION Orchard), and Cairnhill Nine (with Ascott Orchard).
One Pearl Bank Location · Features
- Location. The site is located on the hillock at Pearl’s Hill, in the Outram-Cantonment-Chinatown neighbourhood. This lies just on the outskirts of the Central Business District, at the Tanjong Pagar / Maxwell end of it. It is also rather close to the Orchard Road shopping belt, via Clemenceau Avenue.
Shops, Banks, F&B, Supermarkets, Hotels. The One Pearl Bank location is around the corner from the older shopping district of Chinatown, including Chinatown Complex, People’s Park Complex and People’s Park Centre. The latter two are prime targets for en bloc sale and redevelopment or regeneration.
In the meantime, for more upmarket dining or shopping, you can make your way to Orchard Road nearby. The upcoming Thomson-East Coast MRT Line will bring you there within 10 minutes or so.
- Lifestyle Options. In future, the One Pearl Bank location will be pretty close to the proposed Greater Southern Waterfront, just down Cantonment Road. That promises to be an exciting lifestyle destination that is also an extension westwards of the central business district. It will offer not just shopping and dining options, but a 30KM long waterfront promenade, and green corridor running from Labrador Park eastwards to Gardens by the Bay.
Nearest MRT Station. From the 1 Pearl Bank location there is a covered walkway to Outram Park MRT station, 5 minutes walk down the hill. This is an interchange station serving three MRT lines – the East-West Line, North-East Line, and Thomson-East Coast Line scheduled for completion by 2021 (for this section).
Not many homes offer such proximity to the convenience of a multi-line station. The only other such stations are Doby Ghaut and Marina Bay, so this should give real estate values around it a fillip. The East-West Line is one of the longest lines and useful to have, while the Thomson-East Coast Line goes to often-frequented places too, such as Orchard Road and Marina Bay.
- Accessibility. The One Pearl Bank location is within the Core Central Region, close to the CBD. It is 5 minutes drive from the offices of Tanjong Pagar and Anson, which should appeal to tenants. It also offers quick access to and from the expressway network via the Central Expressway, around the corner at Outram Flyover.