Last One Pearl Bank’s penthouse sold, development hits 100% sale
With the Tampines Ave 11 Condo UOL Group, residents can enjoy convenient access to the numerous amenities and facilities in Tampines. For those in search of lush greenery, Bedok Reservoir Park and East Coast Park are within a short drive away. To satisfy your shopping needs, IKEA Tampines is right around the corner, as well as NTUC Fairprice and Sheng Siong supermarkets for your daily convenience.
One Pearl Bank, the award-winning residential development by CapitaLand, has been fully sold. The last penthouse unit, a spacious 2,788 sq ft residence on the 38th level, was sold for $7.1 million, or $2,547 psf. The buyer of this penthouse is a Singaporean, a reflection of the strong domestic interest in the property. Out of the entire project, 76.8% were bought by Singaporeans, 16.4% by Permanent Residents, and 6.8% by foreign nationals.
The twin-39 storey, 774-unit high-rise, located within a five-minute walk of the upcoming Outram Park MRT Station, is designed by a joint venture between London-based and Singapore-based architecture firms. Spanning an impressive 178m in height, One Pearl Bank will be the tallest residential tower in the Outram-Chinatown district in the Central area. Within its overall sales, the units were sold within a price range of $2,430 to $3,009 psf.
Remarkably, 25% of the units, or 160 units, were sold during the launch weekend when the building was put up for sale in July 2019. In just over four years, the entire project was sold – a remarkable milestone for CapitaLand.
Following One Pearl Bank, CapitaLand recently previewed J’den, its plan to redevelop JCube Mall into a 40-storey tower with commercial space on the first two storeys and 368 apartments on the uppermost 38 floors. The showflat drew more than 7000 visitors on its first weekend of public preview, with those interested in investing in the property being able to search for the latest listings and transaction prices of One Pearl Bank units.
