One Pearl Bank (D2, 99 years leasehold, Capitaland)
CapitaLand unveils design of One Pearl Bank in Singapore’s prime Outram-Chinatown district | CapitaLand
Features world’s first vertical sky allotment gardens in a residential development
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CapitaLand today unveiled the design of One Pearl Bank – designed by multi award-winning Serie+Multiply, the new scheme elevates the concept of high-rise living with a total of 774 apartments, offering studio apartments to penthouses, ranging in size from approximately 430 to 2,800 square feet.
Singapore, 14 May 2019 – CapitaLand today unveiled the highly-anticipated design of One Pearl Bank perched atop the verdant Pearl’s Hill. The development comprises two gently curving 39-storey towers linked at the roof by dramatic sky bridges. The slender, curved facades create a light and airy effect, providing ample space for residents and onlookers to look out and through the towers to admire the stunning views atop the hill. Towering at 178 metres, One Pearl Bank will be the tallest residential development in the Outram-Chinatown district in Central Singapore, offering panoramic views that extend from the Central Business District to Sentosa.
Designed by multi award-winning Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects, the new scheme elevates the concept of high-rise living with a total of 774 apartments. It will support more urbanites in leading their dream city lifestyles at this prime location, in line with the Urban Redevelopment Authority’s vision to develop more homes in Singapore’s Central Area. A wide selection of unit types from studio apartments to penthouses, ranging in size from approximately 430 to 2,800 square feet, will be made available.
One Pearl Bank will feature a world-first – a series of sky allotment gardens arrayed vertically at one edge of each tower.
Adding to its allure, One Pearl Bank will feature a world-first – a series of sky allotment gardens arrayed vertically at one edge of each tower. With each tower featuring an allotment garden every four storeys and each garden housing 11 plots, One Pearl Bank will have a total of 18 sky allotment gardens with close to 200 plots where residents can grow their own herbs, fruits and vegetables. The beautifully-appointed allotment gardens not only support urban farming, they offer spaces to promote community bonding. Visible from the city centre, they make a powerful visual statement on One Pearl Bank’s biophilic design that integrates nature to enrich residents’ quality of life. These allotment gardens are further complemented by two sky terraces and two roof gardens across the two towers and a sunken planter in every balcony to maximise the greenery on the development’s facade.
Mr Ronald Tay, CEO of CapitaLand Singapore, Malaysia and Indonesia, said: “As the one and only development atop Pearl’s Hill, One Pearl Bank offers residents an exclusive opportunity for city living amidst a lush garden setting. Given its unparalleled location, we wanted a design scheme that contributes meaningfully to Singapore’s cityscape and enhances its surroundings. These include incorporating abundant greenery at different elevations and adding a landscaped path linking One Pearl Bank to the adjacent Pearl’s Hill City Park – a beautiful but hitherto largely underutilised public park. Residents can look forward to the rejuvenation of the City Park, which will be transformed into a playground and social space for the community and linked to Fort Canning Park through the scenic Singapore River, as part of the Urban Redevelopment Authority’s Draft Master Plan 2019.”
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Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
CapitaLand prices One Pearl Bank units from S$970,000
Over 60 per cent of apartments at 99-year leasehold condo priced under S$2m; sizes from 430 sq ft
Fri, Jul 12, 2019
CLAUDIA TAN
REAL estate developer CapitaLand's 99-year leasehold condo One Pearl Bank will be open for booking on July 20, with prices starting from S$970,000 for studio units.
Known for its curved towers linked by sky bridges, the 39-storey condo occupies a land area of 82,376 square feet (sq ft) and is expected to be completed by 2023.
The development comprises 774 residential apartments, ranging from studio apartments to penthouses. Sizes are from 430 sq ft to 2,800 sq ft.
Over 60 per cent of the units will be priced under S$2 million. The indicative pricing starts at S$970,000 for a studio unit, S$1.1 million for a one-bedroom unit, S$1.5 million for a two-bedder, S$2.5 million for a three-bedder and S$3.5 million for a four-bedroom unit.
CapitaLand declined to announce the average price per sq ft.
Smaller units like the studio, one- and two-bedroom units make up about 70 per cent of the apartments.
"Located at the city fringe, we foresee a lot of demand for smaller units coming from younger individuals or people looking for city living projects for investments," said CapitaLand head of marketing and sales Lisa Lam.
Ronald Tay, chief executive officer of CapitaLand Singapore, Malaysia and Indonesia said he believes the development is attractively priced for people to own a home in a mature estate with its connectivity and proximity to the business district.
CapitaLand bought the former Pearl Bank Apartments for S$728 million in a private treaty collective sale last year. The sale price translates to a land price of about S$1,515 per sq ft per plot ratio, after factoring an additional lease top-up premium estimated at S$201.4 million.
ERA Realty head of research and consultancy Nicholas Mak expects the development to be well-received despite nearby en bloc projects like Sustained Land's Asia Gardens that was bought in April 2018, as well as upcoming Landmark Tower bought by ZACD Group, Sin Soon Lee Realty and MCC Land in May 2018.
While these developments are in close proximity, they differ in terms of architecture and connectivity, said Mr Mak.
For instance, Sky Everton condo at the former Asia Gardens site is in District 2 and close to the upcoming Cantonment MRT station, while One Pearl Bank is in District 3 and is a three-minute walk via a sheltered linkway to Outram MRT.
"One Pearl Bank would attract people who have a liking for the old Pearl Bank Apartments as the new development tries to retain the original horseshoe-shaped architecture. It is also rare for high rise developments to be found in the Outram-Chinatown area," said Mr Mak.
Standing at 178m, One Pearl Bank will be the tallest residential development in the district, overtaking The Pinnacle@Duxton which stands at 156m.
It is also the first residential development to feature sky allotment gardens where residents can grow their own produce among the 18 allotment gardens with close to 200 allotment plots.
These gardens were designed to support urban farming and promote community bonding.
Recreational amenities within the development include an outdoor gymnasium and an amphitheatre.
The public preview will be on July 13.
Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
One Pearl Bank sells 160 out of 200 units released over launch weekend
Mon, Jul 22, 2019
ONE Pearl Bank, the 99-year leasehold condo by CapitaLand, sold 160 units at an average price of S$2,400 per sq ft (psf) over the launch weekend, as at 5pm on Sunday.
That translates to 80 per cent of the 200 units CapitaLand released during the weekend, and about 20.7 per cent of the total 774 units in the 39-storey development.
The most popular apartment types were the one-bedroom and two-bedroom units, which accounted for 56 per cent and 31 per cent of the 160 units sold, CapitaLand said in a press release on Sunday. Other unit types sold over the weekend include studio and three-bedroom apartments.
Some 80 per cent of homebuyers were locals. Foreign buyers were mainly from China, Malaysia and Indonesia.
Prices at One Pearl Bank begin from under S$1 million for a studio apartment. More than two-thirds of the condo's units are priced below S$2 million each. Unit types range from studio apartments to penthouses. The largest of the four penthouses stands at 2,788 sq ft.
Bookings for One Pearl Bank had commenced at 11am on Saturday, a week after its sales gallery opened for public viewing.
Homebuyers who booked their units during the weekend enjoyed an early-bird discount of one per cent, limited to the first two days of the project launch,
CapitaLand is encouraged by the positive response from homebuyers, said Ronald Tay, CEO of CapitaLand Singapore, Malaysia and Indonesia, residential and retail. "This points to the continued market demand for well-appointed homes in prime District 3 that are connected to transport nodes, amenities and lifestyle options … We are confident that the project's iconic status and excellent attributes will continue to attract interest from prospective homebuyers," he said in the press release.
Located on the site of the former iconic Pearl Bank Apartments, One Pearl Bank is expected to be completed in 2023.
Shares of CapitaLand last traded at $3.63 on Friday.
Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
Work from home and have your own edible garden at One Pearl Bank
By Valerie Kor / EdgeProp Singapore | August 7, 2020
https://www.edgeprop.sg/property-new...one-pearl-bank
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One Pearl Bank’s pragmatic renovation fittings, communal facilities and proximity to amenities are huge draws for potential buyers (Photo: EdgeProp Singapore)
Those of us working from home (WFH) for the past four months have become more conscious about how our homes can accommodate this new lifestyle. We care about having a proper space to work, how the background of our homes look in Zoom meetings and having areas where we can step away from work. Having a hybrid home fitted out for flexible use, with the convenience of amenities at one’s doorstep, has become a priority.
That is what CapitaLand is offering at its 774-unit, high-rise condominium development, One Pearl Bank: pragmatic, fully fitted apartments and a wide range of facilities. Additionally, it is conveniently located next to Outram MRT Station.
One Pearl Bank’s studio, one- and two-bedroom layouts are fitted with a swivel table that “minimises furniture footprint”, says Lisa Lam, head of marketing & sales at CapitaLand. When stowed inwards, it serves as a table for two or a workspace for one. When extended, it fits four, which is suitable for entertaining guests.
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The studio, one- and two-bedroom units each has a swivel table that can be stowed inwards for a cosy workspace or expanded to fit four people (Photo: Samuel Isaac Chua/The Edge Singapore)
The twin 39-storey towers of One Pearl Bank are designed by award-winning Serie+Multiply, a joint venture between London-based Serie Architects and local firm Multiply Architects. As the towers are perched on a hill slope and the architect has designed the towers to be curved, all the units will enjoy views of the city or the neighbouring Pearl’s Hill City Park.
The curvature of the new twin towers is designed to pay homage to the iconic horse-shoe shape of the former Pearl Bank Apartments, which was considered Singapore’s first high-rise residential building when completed in 1976. It was purchased en bloc by CapitaLand for $728 million in February 2018.
Near to green spaces
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There are 200 plots placed at every four storeys, which extend from the edges of the two towers (Photo: EdgeProp Singapore)
One Pearl Bank will be next to Pearl Hill’s City Park, which will be transformed into a playground and social space under the URA Draft Master Plan 2019. It will also be linked to Fort Canning Park through a series of pathways along the Singapore River. There will be a gate for residents to enter the park directly from the development.
Except for the studios, all the apartments at One Pearl Bank come with sizeable balconies that can function as an outdoor space or a place to enjoy the greenery and outdoors. Residents can also set up an outdoor workspace at the balcony if the weather permits.
Additionally, the developer is offering 200 “sky allotment gardens” on every four floors at One Pearl Bank, where residents can plant their own vegetables, fruits and herbs. According to CapitaLand, it is the world’s first residential development with such a design.
“Some prospective home buyers have expressed interest in the fact that they can take up a garden space,” Lam adds. “The provision of sky allotment gardens is also a great way to build a community.”
Breathtaking views
At the rooftop of the 178m-tall towers is the Sky Oculus, a circular communal area that links both towers where residents can enjoy the views of the CBD and Sentosa, and entertain friends and family. Facilities on that level include an al fresco dining area, function room, gourmet kitchen and social lounge. There are also indoor and outdoor gyms as well as a walking track.
Other communal areas are on the 14th and 18th floors. For those who want a quiet area to enjoy the greenery, practise yoga, work or read, the 14th-floor sky terrace would be ideal. For those who want entertainment corners and to socialise, they can head to the 18th floor, where there is also an amphitheatre.
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Residents can manage visitor registration, book facilities and control smart appliances through the smart mirror provided in each unit (Photo: EdgeProp Singapore)
These facilities can be booked through the smart mirror fitted near the entrance of every unit at One Pearl Bank. The mirror has touch panels so residents can manage visitor registration and facilities booking from just one touchpoint. They can also access deals offered by CapitaLand’s malls. For added convenience, the system can be set up to link with other smart home devices within the apartment, says CapitaLand.
Accessible location
One Pearl Bank is situated near Chinatown, bars and restaurants at Keong Saik Road, as well as food centres and wet markets including Tanjong Pagar Market & Centre, Maxwell Food Centre, Amoy Street Food Centre and Tiong Bahru Food Centre.
Across the road, Singapore General Hospital is being redeveloped into the 43ha SGH medical campus, which will integrate patient healthcare, research and education. This means that the tenant pool in Outram Park will become larger.
By 2021, the development will be a three-minute walk via a covered walkway to Outram Park MRT Station, which will serve as an interchange for East-West, North-East and Thomson-East Coast Lines.
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The view from One Pearl Bank (Photo: Samuel Isaac Chua/The Edge Singapore)
CapitaLand has released units for sale in phases since the project was launched in July 2019. So far, 368 units have been released, of which 290 units (about 78%) have been taken up at an average price of $2,398 psf, based on caveats lodged to date.
The main draw for most home buyers is the “renovation zero concept”. All units will come with functional fittings and furnishings, including shoe cabinets, a premium kitchen system, kitchen and bathroom appliances, counter-tops made of engineered tiles, and day and night curtains.
The communal facilities and flexible furniture within the units “will help alleviate cabin fever for residents who need to WFH”, says Lam. For future residential projects, the developer is considering providing work pods and meeting spaces as part of the condominium facilities too.
Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
A fighter is always fearless. his steps are company. once he has settled on an objective, he'll press right beforehand. he is by no means frightened of being tripped via a stumbling block. no barriers will ever make him trade his thoughts. his eyes will never be hoodwinked by way of false appearances. his moves are guided through faith. he can endure any hardships or sufferings whilst striving to gain his chosen objective. he will by no means abandon work so long as he's alive.
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Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
One Pearl Bank holds all the aces
August 12, 2022
Construction of One Pearl Bank is well underway and scheduled for completion by the end of next year. The twin-39 storey, 774-unit development at the top of Pearl’s Hill is designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. The curved façade of the two towers pays homage to the original horseshoe shape of the former Pearl Bank Apartments, which had been the tallest residential tower in Singapore when it was completed in 1976.
CapitaLand had purchased the former 99-year leasehold, Pearl Bank Apartments in an en bloc deal for $728 million in February 2018. It is building a new landmark atop Pearl’s Hill that will be taller than the old Pearl Bank Apartments. Soaring 178m in height, One Pearl Bank will be the tallest residential tower in the Outram-Chinatown district in the Central area of Singapore.
Units start from the second level of the towers. Raised 27m above road level, it is the equivalent of the ninth or 10th floor of a typ- ical tower. Given its height, units are assured of views. Even mid-level units like those on the 18th floor will enjoy panoramic views, says John Cheong, Huttons’ associate senior district director and project lead in-charge at One Pearl Bank. Cheong was a guest speaker at the EdgeProp Singapore’s NDP Master Plan Master Class webinar on the Outram area on Aug 6.
North-facing units will have a 180° view of Clarke Quay and the city skyline, while south-facing units will overlook Sentosa Island and the sea, adds Cheong.
One Pearl Bank is situated within a five-minute walk of the upcoming Outram Park MRT Station. CapitaLand will be building a sheltered walkway against inclement weather. Accessibility will be greatly increased with Outram Park MRT Station designated as an interchange for three MRT lines: North East, East-West and the upcoming Thomson-East Coast Line, which is expected to be operational soon.
At the boundary with Pearl’s Hill City Park, there will be a new side gate leading directly to the park. It will have security features to ensure that the gate is accessible only to residents of One Pearl Bank. A bonus for residents at One Pearl Bank is that Pearl’s Hill City Park is being enhanced by the addition of a children’s playground and social spaces.
A novelty is the sky allotment gardens concept which CapitaLand is introducing at One Pearl Bank. There will be 18 sky allotment gardens across different floors of both towers. They will offer close to 200 plots for residents to grow their herbs, fruits and vegetables. The aim is to create community bonding among residents.
There will be over 500 trees across 35 species and more than 135,000 shrubs, plants and flowers planted throughout One Pearl Bank. The greenery will occupy up to 60,000 sq ft (75%) of the total site area.
CapitaLand has also introduced the “Renovation-Zero concept”, whereby the new owners can move in immediately without undertaking any renovation. The kitchen will also be fully integrated with a swivel table and cabinetry designed by Italian firm Ernestomeda.
All kitchen appliances will be from top-end Swiss brand V-Zug. From kitchen sinks to flooring and bathroom tiles, materials have been selected for their durability and ease of maintenance, says CapitaLand. The developer is providing LED lights for all units. With the “Renovation-Zero Concept”, owners can move in immediately or rent out their units upon handover without fuss.
With its completion targeted for the end of 2023, the owners of One Pearl Bank will be able to enjoy the capital upside that comes with the URA Master Plan 2019, which outlines plans to transform and rejuvenate the Central Area.
This includes the opening of the new Thomson-East Coast Line at the doorstep of One Pearl Bank; the future Singapore General Hospital (SGH) campus, which is poised to be the largest medical campus in Singapore; and the Greater Southern Waterfront, with its 10km coastal promenade and future amenities in the neighbourhood. From the Outram area, Chinatown, the CBD, Orchard Road, Robertson Quay and Tiong Bahru are all within a short drive or MRT ride.
Cheong from Huttons sees a potentially strong rental pool originating from the SGH campus in the coming years, with the influx of medical professionals. Prior to One Pearl Bank, the last new launch was about a decade ago — the 68-unit Dorsett Residences in October 2010. All units were snapped up in a day at an average price of $1,800. The project which is connected to Dorsett Hotel, was completed in 2013.
One Pearl Bank was launched in July 2019 and is over 84% sold to date at an average price of $2,425 psf. The development has a wide range of unit types, from studios and one-bedroom units to four-bedroom units and sky villas. There are only four simplex sky villas on the 38th floor, with four bed-rooms each and sizes from 2,626 to 2,788 sq ft. Prices for the sky villas start from $8.42 million ($3,206 psf).
Meanwhile, studios start from $1.229 million, with one-bedroom units from $1.664 million, two-bedroom units upwards of $1.917 million, three-bedders starting from $2.866 million, while four-bedders are going for at least $3.437 million. Unit price starts from $2,416 psf.
https://www.edgeprop.sg/property-new...holds-all-aces
Re: One Pearl Bank (D2, 99 years leasehold, Capitaland)
Two penthouses sold at One Pearl Bank for $6.8 mil and $7.5 mil
July 14, 2023
At the 774-unit One Pearl Bank by CapitaLand Development Ltd, two penthouses on the 38th floor were sold in the first week of July. A 2,626 sq ft, four-bedroom penthouse was acquired for $6.8 million ($2,589 psf), based on a caveat lodged on July 8. The nationality of the buyer can't be identified.
The larger penthouse of 2,777 sq ft, also on the 38th floor, was sold to a Singapore citizen for $7.5 million ($2,701 psf), based on a caveat on July 9.
There are only four penthouses at One Pearl Bank. They all have four bedrooms and five bathrooms. With the sale of these two penthouses, two more are available, with sizes of 2,691 sq ft and 2,778 sq ft.
Given its location at 1 Pearl Bank in the city fringe of District 3, high-floor apartments and penthouses command uninterrupted views of Chinatown, the CBD, Outram and Tiong Bahru neighbourhoods.
Typical units at One Pearl Bank are a mix of studios, one- to four-bedroom apartments ranging from 431 to 1,432 sq ft. One Pearl Bank has two interlinked 39-storey towers designed by Serie+Multiply, a joint venture between London-based Serie Architects and Singapore-based Multiply Architects. The 99-year leasehold condo is scheduled for completion by the end of 2023.
One Pearl Bank is a redevelopment of the former Pearl Bank Apartments, one of Singapore's first high-rise, high-density living apartment towers when it was completed in June 1976. The elliptical shape of the towers pays homage to the horseshoe shape of the former Pearl Bank Apartments.
Since its launch in July 2019, One Pearl Bank is over 96% sold. One Pearl Bank is conveniently located just a three-minute walk to the Outram MRT interchange station for three lines (East-West, Northeast and Thomson-East Coast Lines).
Most of the units sold this past month are high-floor units. Three units sold were 700 sq ft, two-bedders on the 33rd to 36th floors. These units fetched prices ranging from $2.038 million ($2,913 psf) to $2.048 million ($2,927 psf).
Three units transacted earlier this month were three-bedders of 1,152 to 1,281 sq ft on the 30th to 35th floors. These were sold at prices ranging from $3.12 million ($2,709 psf) to $3.388 million ($2,645 psf). A 1,399 sq ft four-bedder on the 20th floor was sold for $3.68 million ($2,630 psf).
More at: https://www.edgeprop.sg/property-new...mil-and-75-mil
