One Pearl Bank sold two penthouses for $6.8 million and $7.5 million

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Novo Place Tengah Plantation Close price

In the seven-unit 774-unit One Pearl Bank by CapitaLand Development Ltd Two penthouses located on the 38th floor were sold during the first month of July. A 2,626 sq ft four-bedroom penthouse was sold at $6.8 million ($2,589 per square foot) Based on an agreement signed on the 8th of July. The buyer’s nationality isn’t known.

The penthouse that is larger at 2,777 square feet, located on the 38th floor was transferred to the Singapore resident at $7.5 million ($2,701 per sq ft) and was based on a caveat issued on July 9.

There are just four penthouses available at One Pearl Bank. They each have four bedrooms and five bathrooms. After the sale of the two penthouses in question there are two others available with dimensions of 2,691 square feet and 2,778 sq feet.

The location of the property is 1 Pearl Bank in the District 3’s city fringe Penthouses and high-rise apartments enjoy endless views across Chinatown as well as Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods.

Novo Place Tengah Plantation Close price amounting to $266 million sits on a 12,4449.3 sq m site with a maximum Gross Floor Area (GFA) of 37,348 sq m.

Common units in One Pearl Bank are a mix of studios and one-to four-bedroom units that range between 431 and 1,432 sq feet. One Pearl Bank has two 39-storey towers interlinked by Serie+Multiply which is a joint venture of the London-based Serie Architects and Singapore-based Multiply Architects. The 99-year leasehold condominium is expected to be completed in 2023.

One Pearl Bank is a reconstruction of the earlier Pearl Bank Apartments One of Singapore’s earliest high-rise, high-density apartment towers, when it was finished in June of 1976. The elliptical form of the towers pay homage to the horseshoe design of the old Pearl Bank Apartments.

Since it was launched in July of this year, One Pearl Bank is more than the 96% sold. One Pearl Bank can be found within a 3-minute walk from Outram MRT Station. Outram MRT exchange station, which serves 3 lines (East-West, Northeast and Thomson-East Coast Lines).

The majority of units sold in the last month were high-floor units. Three units sold included 700 square feet of two-bedders located on the 33rd to 36th floors. The prices for these units ranged between $2.038 million ($2,913 per square foot) up to $2.048 million ($2,927 per sq ft).

Three units that were sold in the month of March included three bedders ranging from 1,152 to 1,281 square feet between the 30th and 35th floors. They were offered at rates ranging between $3.12 million ($2,709 per sq ft) and $3.388 million ($2,645 per sq ft). A 1,399 sq ft four-bedder located on the 20th floor was purchased at $3.68 million ($2,630 per sq ft).

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