News: One Pearl Bank moved 80% of units released during launch weekend

Jul 22, 2019

CapitaLand sold 160 units or 80 percent of the 200 units released at One Pearl Bank during its first weekend of launch, at an average price of $2,400 per sq ft (psf).

Bookings for One Pearl Bank started at 11am on 20 July (Saturday), or a week after its sales gallery was opened for public viewing.

Around 80 percent of the buyers were locals, while the rest were foreigners mainly from China, Indonesia and Malaysia.

One-bedroom and two-bedroom units emerged as the most popular apartment types, accounting for 56 percent and 31 percent of the total units sold. Other unit types sold included studio and three-bedroom units.

Also available are penthouse units, the largest of which measures 2,788 sq ft. All units at the development come with fully-integrated kitchens, cabinetry, built-in lighting, air-conditioning and curtains.

Prices start from under $1 million for a studio apartment. CapitaLand noted that over two-thirds of the units at the development are priced below $2 million each.

Homebuyers who booked their units during the weekend enjoyed an early-bird discount of one percent, which is limited to the first two days of the project launch.

“We are very encouraged by the positive response for One Pearl Bank during its weekend launch. 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,” said Ronald Tay, CEO of CapitaLand Singapore, Malaysia & Indonesia, Residential & Retail.

“We are confident that the project’s iconic status and excellent attributes will continue to attract interest from prospective homebuyers.”

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Fiona Ho, Digital Content Manager at PropertyGuru, edited this story. To contact her about this or other stories, email fiona@propertyguru.com.sg

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