One Pearl Bank is a new development that sits in a rare hilltop in Chinatown, Singapore. The development is owned by CapitaLand, a real estate developer headquartered in Singapore. The company’s portfolio includes integrated developments, offices, shopping malls and residential developments. Competitive advantage of the real estate developer is that it has an extensive market network as well as a significant asset base.
One Pearl Bank Capitaland was sold through a private treaty agreement. The total price for the acquisition was S$1,515/sq ft/ gross floor area. CapitaLand plans to redevelop the former Pearl Bank Apartments to residential apartments which will house approximately 800 units.
One Pearl Bank Former Pearl Bank Apartments
It has replaced Pearl Bank Apartments, an iconic landmark at the core city centre. The new Condominium is an opportunity for people to own a real estate structure located next to Outram MRT Station. Outram MRT Station serves 3 …