The first weekend of sales for upcoming condominium One Pearl Bank saw 80 per cent of the 200 units released being snapped up. Real estate developer CapitaLand said yesterday that 160 units were sold as at 5pm, at an average price of $2,400 per square foot. This...
The 39-storey development, which sits on Pearl's Hill, is expected to be completed by 2023. It occupies a land area of 82,376 sq ft.
The condo will have a sheltered linkway to the upcoming triple-line Outram MRT station. All the units come with fully integrated kitchens, built-in lighting, air-conditioning, cabinetry and curtains.CapitaLand said One Pearl Bank was the best-selling new launch in the Central Area so far this year based on data from the Urban Redevelopment Authority's Real Estate Information System.
But the figures drew mixed reviews from analysts, with one saying he was disappointed given the attractive pricing and included furnishings. Savills Singapore research head Alan Cheong said the sales rate of 20 per cent of the total units was below market expectations. But Cushman & Wakefield's head of research for South-east Asia Christine Li said it was encouraging given that the price point was towards a more high-end product.
He added:"We are confident the project's iconic status and excellent attributes will continue to attract interest from prospective home buyers."
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