journo
02-09-22, 11:34
One Pearl Bank hits new high of $2,973 psf
September 2, 2022
https://i.imgur.com/xPWC6rK.jpg
The sale of a one-bedroom unit at One Pearl Bank achieved the highest psf price among all condominiums that registered new price highs from Aug 16 to 21.
The 99-year leasehold unit on the 37th floor measures 560 sq ft. It was sold by developer CapitaLand on Aug 21 for $1.66 million, or $2,973 psf. This beats the previous high set in July when another 560 sq ft unit sold for about $7,800 less, which works out to $2,959 psf.
Located at the top of Pearl’s Hill in the Outram-Chinatown district in District 3, One Pearl Bank comprises two 39-storey residential towers. There are a total of 774 units comprising a mix of one-, two-, three- and four-bedders, as well as four sky villas. Unit sizes range from 431 sq ft to 2,788 sq ft.
Slated for completion in 2023, One Pearl Bank is a five-minute walk via a sheltered walkway to Outram Park MRT Station, which is an interchange for the East-West and North-East Lines. It will also be an interchange for the Thomson-East Coast Line, as part of the third stage of the line that will open this year.
Based on caveats lodged, 86% of units at One Pearl Bank have been sold to date at an average price of $2,431 psf since the project’s launch in July 2019.
The project is a redevelopment 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.
Another development that recorded a new psf price high is Novena Suites. A one-bedroom plus study unit measuring 797 sq ft changed hands for $1.65 million, or $2,071 psf on Aug 17. This marks the first time a transaction at the development has crossed the $2,000 psf threshold.
Read more at: https://www.edgeprop.sg/property-news/one-pearl-bank-hits-new-high-2973-psf
September 2, 2022
https://i.imgur.com/xPWC6rK.jpg
The sale of a one-bedroom unit at One Pearl Bank achieved the highest psf price among all condominiums that registered new price highs from Aug 16 to 21.
The 99-year leasehold unit on the 37th floor measures 560 sq ft. It was sold by developer CapitaLand on Aug 21 for $1.66 million, or $2,973 psf. This beats the previous high set in July when another 560 sq ft unit sold for about $7,800 less, which works out to $2,959 psf.
Located at the top of Pearl’s Hill in the Outram-Chinatown district in District 3, One Pearl Bank comprises two 39-storey residential towers. There are a total of 774 units comprising a mix of one-, two-, three- and four-bedders, as well as four sky villas. Unit sizes range from 431 sq ft to 2,788 sq ft.
Slated for completion in 2023, One Pearl Bank is a five-minute walk via a sheltered walkway to Outram Park MRT Station, which is an interchange for the East-West and North-East Lines. It will also be an interchange for the Thomson-East Coast Line, as part of the third stage of the line that will open this year.
Based on caveats lodged, 86% of units at One Pearl Bank have been sold to date at an average price of $2,431 psf since the project’s launch in July 2019.
The project is a redevelopment 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.
Another development that recorded a new psf price high is Novena Suites. A one-bedroom plus study unit measuring 797 sq ft changed hands for $1.65 million, or $2,071 psf on Aug 17. This marks the first time a transaction at the development has crossed the $2,000 psf threshold.
Read more at: https://www.edgeprop.sg/property-news/one-pearl-bank-hits-new-high-2973-psf