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

At One Pearl Bank, two penthouses on the 38th floor have been sold. The first one, a 2,626 sq ft, four-bedroom penthouse was acquired for $6.8 million ($2,589 psf). The nationality of the buyer remains unknown. This was followed by the sale of the larger penthouse of 2,777 sq ft to a Singapore citizen for $7.5 million ($2,701 psf). Those who wish to invest in a penthouse still have the opportunity to purchase two more with sizes of 2,691 sq ft and 2,778 sq ft respectively.Uninterrupted views of Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods can be enjoyed from high-floor apartments and penthouses at One Pearl Bank. Typical units are a mix of studios, one- to four-bedroom apartments ranging from 431 to 1,432 sq ft. This 99-year leasehold condo is expected to be complete by the end of 2023 and it is already 96% sold, with most units being high-floor units. The location near the Outram MRT interchange just adds to its appeal.

At the 774-unit One Pearl Bank, developed by CapitaLand, two penthouses on the 38th floor sold in the first week of July. A Singapore citizen purchased the larger penthouse of 2,777 sq ft for $7.5 million ($2,701 psf), while the other penthouse of 2,626 sq ft with four bedrooms was acquired for $6.8 million ($2,589 psf). The nationality of the buyer cannot be identified.

The sale of these two penthouses left only two more left, which measure 2,691 sq ft and 2,778 sq ft respectively. Strategically located at 1 Pearl Bank in District 3, they offer panoramic views of Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods.

At One Pearl Bank, typical units range from studios to four-bedroom apartments measuring 431 sq ft to 1,432 sq ft, making it suitable for individuals, couples and even large families. The 99-year leasehold condo is designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects and is scheduled for completion by the end of 2023.

To make it more appealing, One Pearl Bank is within a stone’s throw of the Outram MRT interchange station for three lines (East-West, Northeast and Thomson-East Coast Lines). With its convenient location and stunning views, it is no surprise that the development is over 96% sold, with most units transacted so far high-floor units.

The month of July saw sales of 700 sq ft, two-bedders located on the 33rd to 36th floors with prices ranging from $2.038 million ($2,913 psf) to $2.048 million ($2,927 psf). Three units of 1,152 to 1,281 sq ft three-bedders on the 30th to 35th floors fetched prices from $3.12 million ($2,709 psf) to $3.388 million ($2,645 psf), and a 1,399 sq ft four-bedder on the 20th floor for $3.68 million ($2,630 psf).

The Champions Way Condo Woodlands development will be among the first to take advantage of this exciting new program. Residents of the Champions Way Condo Woodlands will have the opportunity to appreciate the area’s public art on a daily basis, while still enjoying the luxurious amenities of the development.

This development is an homage to the former Pearl Bank Apartments, one of Singapore’s first high-rise, high-density living apartment towers built in 1976. Those who invest in One Pearl Bank will not only enjoy all the modern conveniences they need, but also appreciate the rich history of the site.