One Pearl Bank $2891 psf hits new high
One Pearl Bank $2891 psf hits new high , this is the largest transaction recorded on a psf basis for the week of April 22 to 30 was for a one-bedroom flat at One Pearl Bank in the Outram neighborhood in District 3.
On April 30, developer CapitaLand sold the 560 sq ft 99-year leasehold unit for $1.62 million, or $2,891 per square foot.
One Pearl Bank is made up of two 39-story residential towers connected by sky bridges on the roofs. There are 774 units total, with sizes ranging from 430 to 2,800 square feet and a combination of one, two, three, and four bedrooms.
One Pearl Bank is slated for completion in 2023 and is a three-minute walk from Outram Park MRT station, which serves the East-West, North-East, and Thomson-East Coast lines. Within the Outram estate, the apartment is also adjacent to the Singapore General Hospital (SGH) Campus.
Eating establishments in Chinatown along Keong Saik Road, as well as food centres and wet markets like as Tanjong Pagar Market & Centre, Maxwell Food Centre, Amoy Street Food Centre, and Tiong Bahru Food Centre, are all close.
Since the project’s opening in July 2019, 80 percent of units at One Pearl Bank have been sold at an average price of $2,418 psf, according to caveats filed.
The project is a reconstruction of the former Pearl Bank Apartments, which was constructed in 1976 and was Singapore’s first high-rise residential structure. CapitaLand bought it all together for $728 million in February 2018.
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