One Pearl Bank: City-Centre Living at Outram's Triple-Line MRT Hub
Updated 2026-10-28
One Pearl Bank is a 774-unit CapitaLand development at Pearl's Hill in District 3, completed in 2024. Its twin 39-storey towers sit next to Outram Park MRT interchange, giving residents direct access to three MRT lines and a neighbourhood undergoing major government-led renewal.
What is One Pearl Bank?
One Pearl Bank is a 99-year leasehold condominium at 1 Pearl Bank, built on the site of the former Pearl Bank Apartments. Developed by CapitaLand and designed by Serie + Multiply, it comprises twin curving 39-storey towers with 774 residential units ranging from studios to four-bedroom homes and penthouses. The development obtained its Temporary Occupation Permit in June 2024.
The towers rise from an 82,376 square foot site at the foot of Pearl's Hill City Park, one of the oldest hilltop parks in Singapore. At 178 metres tall, the two towers are linked at the roof by sky bridges and offer unobstructed views towards Orchard, the CBD and Sentosa. The site sits squarely in District 3, within the Outram planning area.
How far is One Pearl Bank from the nearest MRT?
Outram Park MRT station is roughly a five-minute walk downhill, connected by a covered walkway. Outram Park is a triple-line interchange serving the East-West Line, North-East Line and Thomson-East Coast Line, which makes most of the island reachable with at most one transfer.
Chinatown MRT, on the North-East and Downtown Lines, is also within walking distance. Maxwell MRT on the Thomson-East Coast Line opened nearby, adding another option for southbound commuters. For drivers, the Central Expressway, Ayer Rajah Expressway and Marina Coastal Expressway are all accessible within minutes.
Prices and housing stock
Based on 110 current listings on Hombble, the average asking price at One Pearl Bank is S$1,954,959, with an average unit size of 715 square feet and an average of S$2,701 per square foot. All 110 listings are condominium units.
Recent transaction data from 2026 shows sale prices ranging from about S$2,213 to S$2,738 per square foot, with an average around S$2,514 per square foot. Prices have cooled roughly 7 per cent from their 2023 peak but remain about 3.3 per cent above where they started when resale transactions began in 2021. The most recent quarter shows a 2.1 per cent recovery. The spread between smaller and larger units is significant: compact one-bedroom units tend to command a higher per-square-foot price, while three- and four-bedroom layouts trade at a lower rate per square foot but a substantially higher absolute price.
Schools and amenities near One Pearl Bank
Cantonment Primary School is the nearest primary school, roughly 790 metres away. Outram Secondary School is even closer at about 450 metres. River Valley Primary School and CHIJ (Kellock) are both within roughly two to three kilometres, and the School of the Arts (SOTA) is about three kilometres away for families considering a specialised secondary track.
Pearl's Hill City Park, directly adjacent, provides a green buffer unusual for a central location. Chinatown, with its hawker centres, shophouses and cultural landmarks, is a short walk east. The Singapore General Hospital campus at Outram is nearby, and Tiong Bahru's cafes and wet market are within comfortable cycling distance. For larger retail needs, VivoCity and HarbourFront are two MRT stops away on the North-East Line.
What is planned for the Pearl's Hill area?
The biggest change ahead is the announced 60-storey-plus HDB development at Pearl's Hill, unveiled in March 2026. This will be the tallest public housing project in Singapore and the first BTO in the Outram area in more than 40 years. It will deliver approximately 1,700 flats, including two-room flexi, three-room and four-room units, along with over 140 public rental flats.
The broader URA plan for Pearl's Hill envisions around 6,000 new homes in total, mixing public housing with private residences and serviced apartments. A new mixed-use development is also planned above Outram Park MRT station. The design brief draws on nearby Chinatown's heritage and the concept of Shan Shui Hua, a Chinese landscape painting motif of mountains and water. For existing One Pearl Bank owners, this transformation will bring significantly more footfall, retail and public amenities to what has historically been a quiet hilltop pocket, though the construction period will bring noise and disruption.
Outlook
One Pearl Bank sits at the intersection of two trends. First, the government is actively densifying the Pearl's Hill and Outram corridor, which will add thousands of residents and new amenities over the coming decade. Second, the development's triple-MRT-line access and city-centre position are features that cannot be replicated, giving it a structural advantage over newer projects further from interchange stations.
The 99-year lease commenced in March 2019, leaving about 92 years on the clock. Buyers should weigh that remaining tenure against the area's renewal trajectory. Sellers, meanwhile, benefit from the renewed attention the neighbourhood is receiving: a government commitment to 6,000 new homes signals long-term confidence in the precinct.