Pearl Bank
Pearl Bank is a 99-year apartment in District 3 (Outram) that obtained TOP in 2024, with 776 units across 1 block. Units have recently transacted around S$1.28M (S$741 psf), from 270 sales on record.
What are the key facts about Pearl Bank?
Pearl Bank is a 99-year apartment in District 3 (Outram) that obtained TOP in 2024, with 776 units across 1 block.
- Tenure
- 99-year
- TOP / Completion
- 2024
- Developer
- Areca Investment Pte Ltd
- Total units
- 776
- Blocks
- 1
- District / Area
- District 3 (Outram)
- Market segment
- RCR
- Median PSF
- S$741 psf
- Last transacted
- Feb 2018
- Remaining lease
- —
What is the price and PSF at Pearl Bank?
Units have recently transacted around S$1.28M (S$741 psf), at a gross rental yield of about 1.9% (URA caveat data).
Recent median price
S$1.28M
recent · 270 sales on record
Median PSF
S$741 psf
recent transactions
Median rent (monthly)
S$2,080
977 rentals on record
Gross rental yield
1.9%
indicative, gross
Source: URA caveat data, through Feb 2018.
What has recently sold at Pearl Bank?
Pearl Bank has 270 recorded sales; the most recent transacted at S$728,000,000 in Feb 2018 (URA caveat data).
| Date | Price | Size (sqft) | PSF |
|---|---|---|---|
| Feb 2018 | S$728,000,000 | 520,407 | S$1,399 psf |
| Aug 2017 | S$1,600,000 | 1,755 | S$912 psf |
| Jul 2017 | S$1,530,000 | 1,755 | S$872 psf |
| Jun 2017 | S$1,380,000 | 1,755 | S$787 psf |
| Jun 2017 | S$1,450,000 | 1,755 | S$826 psf |
| May 2017 | S$1,238,000 | 2,185 | S$567 psf |
| May 2017 | S$1,280,000 | 1,755 | S$730 psf |
| May 2017 | S$1,300,000 | 1,755 | S$741 psf |
| Apr 2017 | S$1,230,000 | 1,755 | S$701 psf |
| Jan 2017 | S$1,180,000 | 1,755 | S$673 psf |
| Sept 2016 | S$1,200,000 | 1,755 | S$684 psf |
| Jun 2016 | S$1,000,000 | 1,324 | S$755 psf |
270 sales and 977 rentals on record since Jan 1995. Source: URA.
Where is Pearl Bank and what's nearby?
Pearl Bank is located in Outram, in the Central Region of Singapore.
Pearl Bank is a 99-year apartment completed in 2024. It was developed by ARECA INVESTMENT PTE LTD. The development has 776 residential units. It sits on a land area of 7,653 sqm and has a gross floor area of 56,999 sqm.
PEARL BANK is located at 1 Pearl Bank, Singapore 169016. It is part of District 03, Queenstown / Tiong Bahru, Outram. The project falls within the Central Region and the RCR market segment.
The nearest rail connection is Outram Park MRT, approximately 189m away, around 3 minutes on foot. Nearby amenities include Chinatown Point for shopping, WAN SIEW YOONG for groceries, People's Park Food Centre for food options, and Pearl'S Hill City Pk for greenery and recreation.
How far is Pearl Bank from MRT and schools?
The nearest MRT/LRT to Pearl Bank is Outram Park MRT, about 189 m away (~3 min walk). 1 school is within 1 km, including 1 primary school.
Getting around
- Outram Park MRT189 m · ~3 min
- Maxwell MRT527 m · ~8 min
- Chinatown MRT609 m · ~10 min
Schools nearby
Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
- Cantonment Primary SchoolPrimary schoolwithin 1 km · P1 priority833 m
- River Valley Primary SchoolPrimary school1.3 km
- Zhangde Primary SchoolPrimary school1.5 km
- Chij (Kellock)Primary school1.6 km
- Gan Eng Seng SchoolSecondary school1.9 km
- Alexandra Primary SchoolPrimary school1.9 km
- Radin Mas Primary SchoolPrimary school2.0 km
Shops, food & parks
Straight-line distances from the development. Source: PropKaki amenities data.
What does it cost to own a unit at Pearl Bank?
Buying a unit at Pearl Bank (~S$1.28M) needs about S$9,370/mo in income and S$4,311/mo in repayments, after S$35,800 stamp duty and a S$320k downpayment.
Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$1.28M) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →
Buyer's Stamp Duty
S$35,800
BSD, tiered
Downpayment (25%)
S$320k
cash + CPF
Monthly instalment
S$4,311/mo
30y @ 3.5%
Income required
S$9,370/mo
TDSR @ stress rate
Frequently asked questions about Pearl Bank
What is the price at Pearl Bank?⌄
Units at Pearl Bank have recently transacted around S$1.28M (S$741 psf), from 270 sales on record (URA caveat data).
Is Pearl Bank freehold or leasehold?⌄
Pearl Bank is 99-year.
When was Pearl Bank built?⌄
Pearl Bank obtained TOP in 2024, developed by Areca Investment Pte Ltd.
What is the rental yield at Pearl Bank?⌄
Gross rental yield at Pearl Bank is about 1.9%, based on median current rents and prices.
How many units are in Pearl Bank?⌄
Pearl Bank has 776 units across 1 block.
What is the nearest MRT to Pearl Bank?⌄
The nearest MRT/LRT station to Pearl Bank is Outram Park MRT, about 189 m away (~3 min walk).
Which primary schools are within 1 km of Pearl Bank?⌄
Cantonment Primary School is within 1 km of Pearl Bank — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.
