Luxury Family Housing Development
The First Private Luxury Family Housing Development in Singapore
Capitaland is developing an amazing residential complex in Singapore called One Pearl Bank. The project is outstanding in its design, amenities, and value. It is attracting investors and condominium owners from all over the world.
Singapore is a highly desirable location for a luxury family housing development because real estate values are substantial due to the country’s small size and limited land available for development. Singapore is known as the preeminent Asian financial center. Singapore’s role as a financial hub is enhanced in light of the factors changing the regulations and business environment in Hong Kong. Many successful investors are moving capital to Singapore and looking for a new place to live and operate.
Even in the face of the economic recession caused by the global pandemic, the Straits Times (Singapore)/Asia News Network reported in December 2020 that housing prices remained stable and resilient in Singapore. The housing index grew about 0.1% in 2020 compared to 2.1% in 2019. Despite the pandemic, real estate held its value and, at current prices, proved to be recession-proof. This indicates a potential buying opportunity to consider before the global economic recovery is expected to occur in late 2021 after widespread vaccinations are available.
One Pearl Bank is a real estate development project located next to Singapore’s lovely green space, the nine hectares of Pearl’s Hill City Park. The One Pearl Bank project is a high-rise development and conversion of the property previously known as the Pearl Bank Apartments, which were demolished in March 2020, to make room for the new development.
In the new project, there will be a total of 774 condominium units in two beautifully-curved, interconnected high-rise buildings. Each building has 39 floors. Ownership offered is a 99-year leasehold. The project is expected to be fully completed by 2023.
Capitaland Limited is a multinational investment firm and asset management company that is headquartered in Singapore. This firm focuses on income-producing investments in real estate, infrastructure projects, and private equity. The company’s stock trades over-the-counter using the symbol of CLLDY.