Pearl Bank Apartment

Apartment · in Outram, District 3, Singapore · 89 yrs from 31/12/1979 · Completed 1976

Data through 1 September 2024

Pearl Bank Apartment project gallery

Site plan is shown first when available. Scroll to view more project images.

Intro: Pearl Bank Apartment was a landmark horseshoe-shaped residential icon that has been demolished following a successful collective sale to make way for new high-rise redevelopment 🏗️.
Good to know: Completed in 1976, the original building was famous for its distinctive curved architecture and 37-storey height 🏙️; The site offers exceptional transport connectivity with Outram Park MRT station just a short walk away 🚇.
Practical note: As the original structure is no longer standing, residents looking for this specific site will now find the newer One Pearl Bank development which provides modern amenities and high-rise living near Outram Park MRT 🚆.

D3RCRCentralOutram

< 1km

MRT Station

Near

$1M+ HDB

Mega

Development

< 10y

Property Age

> 1K

MOPs in Town

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

Pearl Bank Apartment project details

Street

Enbloc Pearl Bank and Pearl Bank

Property Type

Apartment

Completion

1976

Total Units

-1

Plot Ratio

7.2

Unit Size

1,324 - 520,407 sqft

Tenure

89 yrs from 31/12/1979, 99 yrs from 02/06/1970

Lease Remaining

42 yrs

Postal Sector

MRT and LRT stations near Pearl Bank Apartment

Outram Park173 m MRTEW16TE17NE3
Chinatown385 m MRTNE4DT19
Maxwell463 m MRTTE18

See details on nearby stations

Primary schools near Pearl Bank Apartment

Cantonment Primary School798 m

See details on nearby schools

Pearl Bank Apartment price, PSF and transaction trends

39%

HDB Buyers

$957.0M+

Total Transacted

01-01-1995

First Transacted

13-02-2018

Last Transacted

270

Total Transactions

Pearl Bank Apartment transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Pearl Bank Apartment, the median price was S$1,415,000 and the median PSF was S$806 psf. The newest record shown is from 13 February 2018. The annual project median was 42.5% higher in 2018 than in 2011; unit mix can affect year-to-year comparisons.

Recent Pearl Bank Apartment transactions

Date	Sale type	Price	PSF	Size
13 February 2018	Resale	S$242,666,667	S$1,399 psf	173,469 sqft
13 February 2018	Resale	S$242,666,667	S$1,399 psf	173,469 sqft
13 February 2018	Resale	S$242,666,667	S$1,399 psf	173,469 sqft
25 August 2017	Resale	S$1,600,000	S$912 psf	1,755 sqft
25 July 2017	Resale	S$1,530,000	S$872 psf	1,755 sqft

Pearl Bank Apartment median transaction PSF (S$)

Pearl Bank Apartment annual price trend

Year	Median price	Median PSF	Recorded sales
2018	S$242,666,667	S$1,399 psf	3
2017	S$1,300,000	S$741 psf	9
2016	S$1,025,000	S$752 psf	4
2015	S$1,350,000	S$769 psf	3
2014	S$1,290,000	S$826 psf	2
2013	S$1,325,000	S$860 psf	8
2012	S$1,570,000	S$875 psf	10
2011	S$1,565,044	S$982 psf	4

71.3%

% Profitable

Profitable

Unprofitable

> 6% Annualized

5.8 yrs

Avg Holding

$36.0M

Total Profits

Pearl Bank Apartment annualized profit %

View full details

Pearl Bank Apartment rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for Pearl Bank Apartment, the median monthly rent was S$4,100, with records ranging from S$3,300 to S$7,500.

Recent Pearl Bank Apartment rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 September 2024	—	S$4,150	S$8 psf	500-600
1 September 2024	—	S$3,800	S$8 psf	400-500
1 September 2024	—	S$3,900	S$9 psf	400-500
1 September 2024	—	S$4,200	S$8 psf	500-600
1 September 2024	3 BR	S$5,200	S$8 psf	600-700

Pearl Bank Apartment rental volume

View full details

Frequently asked questions about Pearl Bank Apartment

How much do units at Pearl Bank Apartment cost?

The latest 12 recorded sales show a median price of S$1,415,000 and a median of S$806 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Pearl Bank Apartment?

The latest recorded median monthly rent is S$4,100. Rental yield is indicative and can vary by unit and costs.

Is Pearl Bank Apartment freehold or leasehold?

Pearl Bank Apartment has a tenure of 89 yrs from 31/12/1979.

When was Pearl Bank Apartment completed?

Pearl Bank Apartment was completed in 1976.

Which MRT or LRT station is nearest to Pearl Bank Apartment?

Outram Park is the nearest station shown, at an estimated straight-line distance of 173 metres.

Which primary schools are near Pearl Bank Apartment?

The primary schools shown within the page’s one-kilometre search are Cantonment Primary School (798 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 September 2024. Figures are indicative and do not constitute financial advice.