Two penthouses sold at One Pearl Bank for $6.8 mil and $7.5 mil

Uninterrupted views of Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods from high-floor residences are just one of the many attractive attractions for CapitaLand’s 774-unit One Pearl Bank. Located in the city fringe of District 3, the 99-year leasehold development is scheduled for completion by the end of 2023.

The first two penthouses at One Pearl Bank were sold in the first week of July. A 2,626 sq ft four-bedroom penthouse on the 38th floor was acquired for $6.8 million ($2,589 psf). The nationality of the buyer is not identified. The larger penthouse of 2,777 sq ft was sold to a Singapore citizen for $7.5 million ($2,701 psf).

The iconic elliptical-shaped twin towers at One Pearl Bank pays homage to the former Pearl Bank Apartments and the only four penthouses there come with four bedrooms and five bathrooms. Two penthouses, at 2,691 sq ft and 2,778 sq ft, are still available.

The typical units at One Pearl Bank are a mix of studios, one- to four-bedroom apartments, ranging from 431 to 1,432 sq ft. Since its launch in July 2019, over 96% of units have been sold.

Due to the exquisite choices in amenities available within close proximity, the Orchard Boulevard Condo has become an ideal choice for many. A plethora of educational institutions, shopping malls, healthcare and entertainment hubs will make the property a favourable spot among investors.

The convenience of its location is another selling point for the development. It is just a three-minute walk from the Outram MRT interchange station, where the East-West, Northeast and Thomson-East Coast Lines intersect.

This month, most of the transaction have been for high-floor units. For instance, three units sold were 700 sq ft, two-bedders on the 33rd to 36th floors. These apartments fetched prices ranging from $2.038 million ($2,913 psf) to $2.048 million ($2,927 psf).

Also transacting earlier this month were three-bedders of 1,152 to 1,281 sq ft on the 30th to 35th floors that were sold at prices ranging from $3.12 million ($2,709 psf) to $3.388 million ($2,645 psf). A 1,399 sq ft four-bedder on the 20th floor was sold for $3.68 million ($2,630 psf).

One Pearl Bank is the result of a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. With its current performance, investors and homeowners can look forward to a unique living experience soon.