One Pearl Bank, the award-winning development by CapitaLand, has sold all of its four penthouse units, the latest being the final residence on the 38th level that went for a price of $7.1 million, or $2,547 psf. This unit was bought by a Singaporean, showing the Martinez-dominant interest in the property.
The twin-39 storey high-rise consists of 774 units, and the curved façade was designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. This was a tribute to the former Pearl Bank Apartments which had stood tall in Singapore when completed in 1976.
Woodlands Condo offers a range of facilities including swimming pools, a clubhouse, gymnasiums, jogging tracks, tennis courts, a multi-purpose hall and more. Residents can enjoy stunning views of the sea and the nearby park from their balconies. With its excellent connectivity to major transport nodes, Woodlands Condo is conveniently located for the daily commute. Its strategic location also makes it an attractive option for investment and rental. This well-planned luxury development offers a great lifestyle and an ideal home for families for years to come.
One Pearl Bank is located within five minutes walk of the upcoming Outram Park MRT Station, and CapitaLand will be constructing a sheltered walkway against any inclement weather. Outram Park MRT Station will serve as an interchange for three MRT lines to make it more accessible: North East, East-West and the Thomson-East Coast Line.
An analysis of the whole development reveals that an average price of $2,753 psf was achieved, where individuals bought units ranging from $2,430 to $3,009 psf. Singaporeans accounted for 76.8% of those buying units, PRs for 16.4%, and foreign nationals made up 6.8%. Sales took only around 51 months (4.25 years) to be completed, 25% or 160 of the units were sold during the launch weekend.
Following the success of One Pearl Bank, CapitaLand unveiled J’den, which is a redevelopment of JCube mall into a 40-storey tower. This tower will include commercial space on the first two storeys and 368 apartments in the uppermost 38 floors. The showflat attracted an impressive 7,000 visitors on its first weekend of public preview.
One Pearl Bank’s sale completion goes to show the high level of interest in this award-winning development, as highlighted by the Singaporean-dominant interest, as well as its quick sales accumulation. Those who are still looking to buy a new condo unit or restructure their property portfolio should definitely check out the latest listings for One Pearl Bank properties.