One Pearl Bank is a new 99-year leasehold condominium located in District 3. This development is a  rebirth of the iconic building, Pearl Bank Apartments. The complex will consist of two towers featuring 774 units and is set to be one of the tallest residential condominiums in Singapore.  CapitaLand, the developer for this project, will retain the same horseshoe shape as before,  seamlessly blending the rich historical background of the area and modern living.  

(Picture: Artist Impression of One Pearl Bank) 

Residents of One Pearl Bank will have the benefit of accessibility due to its convenient location.  There is access to 2 MRT stations, with Outram MRT station being a 5-minute walk away and  Chinatown MRT station being less than 10 minutes’ walk away. This means that residents can travel on the East-West line, North-East line and the Downtown line. In addition, the Thomson East Coast will soon be in operation with the new Havelock station, providing the area with even more convenience. There are also many buses serving the area as another form of transport. For car owners, the area is served by many major expressways such as the Central Expressway (CTE), Ayer  Rajah Expressway (AYE) and Marina Coastal Expressway (MCE). The city centre can also be reached within 15 minutes, making it very convenient for residents to drive down to the Central Business  District (CBD), Marina Bay and Orchard Road. 

(Picture: Location Map of One Pearl Bank) 

Parents need not worry about schooling options for their children as there are several prestigious schools and educational institutions nearby. Combined with the fact that there is an efficient transport network in the area, travel time with be shortened tremendously. Within 15 minutes,  Outram Secondary School, Queenstown Primary School and Zhangde Primary School can be reached by car. Some other schools that are also accessible from One Pearl Bank include Raffles Academy,  Inspiration Design School, Cantonment Primary School, Duke-NUS Graduate Medical School, Gan Eng  Seng School, Management Development Institute of Singapore, and Global Indian International  School. 

There will be no such thing as running out of supplies for residents at One Pearl Bank as there are many grocery and hardware stores in proximity. There is also an abundance of shopping destinations for those who need retail therapy and a plethora of dining options for those who prefer to eat out.  Some notable destinations are Clarke Quay, where there are beautiful waterside restaurants and a  vibrant night scene, and Tiong Bahru Plaza, a mall that is geared towards dining and social interaction. Other destination in the vicinity include Concorde Shopping Centre, Alexandra Central  Mall, Chinatown Point, Amara Shopping Centre, Icon Village, Anchorpoint, IKEA, and Queensway  Shopping Centre. There is also a variety of hawker centres such as Mei Ling Market, Commonwealth  Crescent, Alexandra Village, Tanglin Halt, and Redhill Market. The options are endless for the residents of One Peal Bank. Other than that, One Pearl Bank is also located close to Singapore  General Hospital, Alexandra Hospital and the National Heart Centre Singapore for all healthcare needs.

As mentioned previously, One Pearl Bank will feature 774 luxurious units consisting of 6 different unit types with sizes ranging from 430 sqft to 2800 sqft. The interior of the units is designed with comfort and utility in mind, however this does not mean that aesthetics was given up in exchange.  The units are fitted with sleek and elegant fixtures, and the sink is even matching the countertop.  Something unique about the units in this development is the Magic Mirror that is supplied for every unit. This is a technology enabled tablet that allow residents to control various applications, grant access to visitors and book condo facilities.  

Residents of One Pearl Bank will be able to enjoy the amazing selection of facilities available in the condominium. With the availability of exclusive function rooms, unit owners will be able to enjoy any special occasion with their family and friends. If work from home becomes the new normal,  residents can benefit as there are facilities with ample space, equipped with a sound system and other essentials to provide a conducive environment for work and meetings. There is also an abundance of recreational activities for residents to enjoy. Some facilities include an Olympic-size swim pool nestled in an expansive green landscape, a furnished roof garden that features an amazing panoramic view of the city and an indoor and outdoor gym equipped with various workout tools and equipment to cater for all exercise regimes. With all the luxurious and carefully planned facilities, relaxation and rejuvenation is a given at One Pearl Bank.  

(Picture: Artist Impression of One Pearl Bank) 

As for the architecture, the development was designed to be a modern take on the traditional horse shoe design. Replacing it will be 2 arc-shaped towers to create a light and airy effect. This design allows residents to look through the towers and admire the stunning view from the top of the hill.  The residential units are also elevated 21 meters above ground to leverage on Pearl Hill’s sloping typography. Due to the height of the development and the lack of tall buildings in the surrounding area, residents will be able to enjoy unrivalled exclusivity. 

(Picture: Artist Impression of One Pearl Bank) 

Alike to other new developments in the general area such as Avenue South Residence and  Normanton Park, One Pearl Bank is located very close to the Greater Southern Waterfront. This means that there will be a ripple effect to the surrounding area due to the major developments in the Greater Southern Waterfront, which will result in increasing demand for housing in the area. In addition to that, there is a 20-year SGH Campus Masterplan to revamp the current SGH layout. The project is currently being carried out and is expected to be complete by 2026. With this in mind,  there will be a greater demand for housing from healthcare professionals in the area. Combined with the fact that this development is situated in a prime area, One Pearl Bank is definitely a rare find offering promising capital appreciation and rental yield in the years to come.  

All in all, One Pearl Bank is an opportunity not to be missed especially if staying right in the city centre is something on your checklist. This is a great opportunity to experience the modernisation of an iconic historical building in Singapore. If you are interested in doing so, contact us for a discussion today.

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