CommercialRESIDENTIALLeaseholdDistrict 3 · Outram

Pearl Bank Apartment

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2014

Quick Summary

Pearl Bank Apartment is a commercial building in District 3 · Outram, on land zoned RESIDENTIAL under the URA Master Plan with a gross plot ratio of 7.2. It is leasehold with roughly 43 years remaining. 2 transactions are on record since 1995, most recently in Dec 2014. ACRA records 23 live company registrations at this address.

The facts are here — now get the verdict on Pearl Bank Apartment.

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What are the key facts about Pearl Bank Apartment?

Key takeawayPearl Bank Apartment is a commercial building in District 3 · Outram, zoned RESIDENTIAL, held leasehold.

Asset class: Commercial
Land-use zone: RESIDENTIAL
Gross plot ratio: 7.2
Tenure: Leasehold
District / Area: District 3 · Outram
Address: 1 Pearl Bank
Land area: 7,653 sqm
Completed: Not on record
Storeys: Not on record
Strata lots (whole development, MCST): 774
Managing agent: SAVILLS PROPERTY MANAGEMENT PTE LTD
Strata formed: 2025 (MCST 4954)
Submarket: City Fringe
Units with a recorded sale: At least 2
Transactions on record: 2 (records start 1995)
Live listings: None
ACRA registrations: 23

About Pearl Bank Apartment

Pearl Bank Apartment is a mixed-use building in Outram (District 03). It is located along Pearl Bank, Singapore 169016.

Under the URA Master Plan it sits on land zoned residential with a gross plot ratio of 7.2. It lies inside the Central Area.

The site is leasehold, with about 43 years remaining on the lease. It occupies roughly 7,653 sqm of land with about 56,999 sqm of gross floor area.

2 transactions have been recorded here, at a median of S$756 psf. The most recent was in December 2014.

26 businesses are currently registered at this address with ACRA.

The nearest MRT is Outram Park MRT, 189 m away (about a 3-minute walk). The closest bus stop (Bef Pearl's Hill Terr) is 197 m away (about a 3-minute walk). Chinatown Point is 588 m away (about a 9-minute walk).

What is Pearl Bank Apartment zoned as?

Key takeawayPearl Bank Apartment sits on land zoned RESIDENTIAL with a gross plot ratio of 7.2, inside the Central Area.

Land-use zone: RESIDENTIAL
Gross plot ratio: 7.2
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What has Pearl Bank Apartment sold for?

Key takeaway2 transactions are on record since 1995, most recently in Dec 2014 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Dec 2014	Office	S$701k	700 sqft	$1,002
Apr 1997	Office	S$850k	1,668 sqft	$509

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at Pearl Bank Apartment rent for?

Key takeawayNo street- or building-level rent is published here. Across District 3 retail, retail space rented at a median of $10.49 psf a month in 2026Q3, with the middle half of leases between $7.49 and $14.10. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 3 retail

Region band · 2026Q3

25th pct

$7.49

$80.65 psm

Median

$10.49

$112.95 psm

75th pct

$14.10

$151.72 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 3 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

Market context around Pearl Bank Apartment

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft

Singapore Office MarketBeat Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

What's been approved at Pearl Bank Apartment?

Key takeawayURA has approved 1 change of use at Pearl Bank Apartment since 2000, most recently in 2005. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

15 Mar 2023Approved
Additions & alterations
2nd extension of written permission for proposed residential flat development comprising 2 residential blocks of 39-storey (total 774 units) with 4 levels basement car parks, swimming pool and communal facilities
4 May 2005ApprovedFloor 1
Change of use to residential with home office
Change of use of shop unit #01-XX [1st sty and basement] to residential with home office

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

What do commercial rents run near Pearl Bank Apartment?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 3 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$112.95 psm/mo

2026Q3

Price side (strata, 5y)

$3,294 psf

38 sales

An INDICATIVE AREA yield for District 3 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 3 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$78.10	$94.74	$116.67
Level 1 · 30 & Below	$73.20	$92.12	$107.33
Level 1 · >30 - 100	$83.20	$164.15	$200.48
Level 2 & 3 · >30 - 100	$58.43	$67.44	$75.00
Level 1 · >100 - 300	$226.54	$240.67	$264.22
Level 2 & 3 · >100 - 300	$83.56	$131.15	$186.77

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band	25th pct	Median	75th pct
Category 2 · 100 & Below	$54.65	$69.39	$88.80
Category 1 · 100 & Below	$103.62	$122.24	$132.43
Category 1 · >100 - 200	$116.28	$126.99	$148.35
Category 2 · >100 - 200	$65.57	$82.87	$97.63
Category 1 · >200 - 500	$114.67	$128.09	$145.77
Category 2 · >200 - 500	$64.83	$82.57	$94.73
Category 1 · >500 - 1000	$106.56	$137.78	$148.23
Category 2 · >500 - 1000	$85.04	$89.34	$109.80

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

What is near Pearl Bank Apartment?

Key takeawayThe nearest MRT/LRT is Outram Park MRT, about 189 m away.

Getting around

Outram Park MRT189 m · ~3 min

Amenities nearby

Outram Park MRT Exit 2 · 173 mBef Pearl's Hill Terr · 197 mPearl'S Hill City Pk · 211 mPlace Of Worship · 254 mHotel · 286 mDr L Y Lai & Neo Clinic · 334 mWan Siew Yoong · 367 mPeople's Park Food Centre · 373 mEducational Institution · 401 mKreta Ayer Community Club · 406 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Pearl Bank Apartment

Key takeawayThe nearest station is Outram Park (EW16 / NE3 / TE17), 173 m away — a busy station, with about 78,000 taps in and out on an average weekday. 28 public car parks are within 500 m.

Foot traffic: busier than 73% of office buildings

nearest MRT/LRT Outram Park (EW16/NE3/TE17) 173 m, about 78,000 taps a weekday; 6 more stations within 1 km; bus stops within 400 m: 9, about 31,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 32,000 residents within 1 km (June 2026). Ranked against 485 office buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.

Stations within 1 km

Outram Park (EW16 / NE3 / TE17)173 m · about 78,000 weekday taps
Chinatown (NE4 / DT19)384 m · about 97,000 weekday taps
Maxwell (TE18)462 m · about 23,000 weekday taps
Havelock (TE16)783 m · about 16,000 weekday taps
Clarke Quay (NE5)822 m · about 31,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Pearl Bank Apartment. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 31,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Pearl Bank Off St (URA)91 m
S$0.60 per half-hour at midday on a weekday · 19 car lots
Teo Hong Rd - New Brid Ge Rd Off St (URA)285 m
S$1.20 per half-hour at midday on a weekday · 31 car lots
Blk 334 Kreta Ayer Basement Car Park (HDB)318 m
S$1.20 per half-hour at midday on a weekday · gantry 2.1 m
Backlane (Keong Saik R D - Neil Rd) (URA)342 m
Teo Hong Rd (URA)344 m
S$1.20 per half-hour at midday on a weekday · 14 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Blair Road-Everton Roa D Area, 786 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. Pearl Bank Apartment's own car park, if it has one, and its charges are not in the open data.

Who's registered at Pearl Bank Apartment?

Key takeaway23 live companies (and LLPs and branches; sole proprietors are not counted) list Pearl Bank Apartment as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
5
Financial and insurance
4
Information and communications
4
Wholesale and retail trade
2
Construction
2
Accommodation and food services
2
Transportation and storage
2
Education
1
Health and social services
1
Administrative and support services
0

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

Frequently asked questions about Pearl Bank Apartment

Where is Pearl Bank Apartment?⌄

Pearl Bank Apartment is at 1 Pearl Bank, Singapore 169016, in the Outram planning area.

What is Pearl Bank Apartment zoned as?⌄

Pearl Bank Apartment sits on land zoned residential under the URA Master Plan, with a gross plot ratio of 7.2.

What is the tenure of Pearl Bank Apartment?⌄

Pearl Bank Apartment is leasehold. About 43 years remain on the lease.

What have units at Pearl Bank Apartment sold for?⌄

Across 2 recorded transactions, the median price is S$756 psf. The latest was in December 2014.

What is the nearest MRT station to Pearl Bank Apartment?⌄

Outram Park MRT is the closest, 189 m away (about a 3-minute walk).

How many businesses are registered at Pearl Bank Apartment?⌄

26 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.