New Launch Condo @ Outram Road

New Launch Condo @ Outram Road

The signing of the collective sale of the Pearlbank Apartments crossed the 80% mark, marketing agent Colliers International said.

According to a press release, the owners of New Launch Condo at Outram Road set an asking price of $728m or $1,505 psf ppr, after factoring in an upgrading premium of approximately $195m for the lease top-up.

New Condo Launch at Outram Road is located on elevated grounds amidst Pearl’s Hill City Park and is located next to the Outram Park MRT Interchange and the Central Expressway (CTE).

Colliers International announced that the 41-year old Pearl Bank Apartments was making its fourth attempt at a collective sale on Nov 15. The existing development on the 82,376 sq ft site has 280 apartments and eight commercial units.

Under the 2014 Master Plan, the site of Outram Road New Launch Condo is zoned ‘residential’ with a gross plot ratio (GPR) of 7.2. However, it has an existing GPR of 7.4479. Subject to authorities’ approval, a developer can build a project with a gross floor area of 613,530 sq ft on the site, which translates into approximately 730 units, assuming an average size of 800 sq ft for the new units.

New Launch Condo at Outram Road, which has a balance lease term of about 52 years, is located within walking distance of the Outram Park MRT interchange and is near the upcoming Maxwell MRT station on the Thomson East-Coast Line. The site is also located within a 1km radius of Cantonment Primary School and the Duke-NUS Graduate Medical School, Singapore.

 New Launch Condo @ Outram Road

New Launch Condo @ Outram Road Details

Project Name TBA
AddressOutram Road
DeveloperCapitaLand
DescriptionTBA
Tenure99 Years
District2
Site Area82,376 sq ft
Gross Floor Area 613,530 sq ft
No. of Blocks TBA
No. of Storeys TBA
No. of Units 730
No. Carpark Lots TBA
TOPTBA

New Launch Condo @ Outram Road Location

The nearest train station from New Launch Condo at Outram Road is Outram Park Interchange where the North East Line, East West Line and the upcoming Thomson East-Coast Line are available. Future residents of New Condo at Pearl Bank Apartments will find it a breeze to commute with these complete train services. 

 

With its convenient location in the Central Region, future residents of New Condo in Outram Road will take drivers 6 minutes to reach Orchard Shopping District and 8 minutes to Central Business District (CBD), City Centre and Marina Bay. Drivers can easily link to Ayer Rajah Expressway (AYE) which connects to Marina Coastal Expressway (MCE).
 

Future residents of Outram Road Upcoming Condo can also find convenience using Central Expressway (CTE) via Outram Road and these allows easy connectivity to various parts of Singapore. Southern Waterfront District Vivocity, Harbourfront, Universal Studio, Resort World and Sentosa. 

 

There are more than 10 shopping malls nearby New Condo at Pearl Bank Apartments. Options are plenty when it comes to dining. Residents can choose to indulge in the bistros located along Tanjong Pagar Road, Amoy Street and all the way till Mosque Street. For residents who prefers local food, there are food centres that are located within short distance from which are Tanjong Pagar Market & Food Centre, Chinatown Complex, Maxwell Food Centre, People’s Park Complex Food Centre, Amoy Street Food Centre, Tiong Bahru Market & Food Centre, Hong Lim Market & Food Centre and Lau Pa Sat. 

 

There is strong rental demand from tenants working the CBD, Orchard, MBFC and Pasir Panjang area especially in and near Tanjong Pagar area. Rental yield can be expect to increase as well. Value in or near CBD area is always on the rise and with the upcoming Waterfront City, this will most probably have a high impact on Outram Road Upcoming Condo Launch return. In addition,   Outram precinct will also be transformed into a healthcare, wellness and research hub – Singapore General Hospital Campus through a 20-year redevelopment plan by healthcare group SingHealth. With Singapore’s largest healthcare hub in Outram, there will be strong demand from medical research and education professionals. 

 

New Launch Condo @ Outram Road Location

 

Amenities Near New Launch Condo @ Outram Road

Connectivity

MRT Stations

Outram Park MRT Station (0.16 km)

Chinatown MRT Station (0.44 km)

Tanjong Pagar MRT Station (1.02 km)

 

Educational Institutes

Primary Schools

Cantonment Primary School (0.75 Km)

River valley Primary School (1.36 Km)

Zhangde Primary School (1.47 Km)

 

International Schools

Chatsworth International School (2.24 Km)

Inspiration Design International School (2.31 Km)

ISS Eelementary & Middle International School (2.35 Km)

 

Shopping Malls

People’s Park Complex (7 min)

Lucky Chinatown (8 min)

OG People’s Park (10 min)

People’s Park Centre (10 min)

Chinatown Point (10 min)

 

New Launch Condo @ Outram Road Site Plan / Facilities 

To be Updated soon!!

 

New Launch Condo @ Outram Road Floor Plan

To be Updated soon!!

 

Things you might want to know more about New Launch Condo @ Outram Road

New Launch Condo @ Outram Road Brochure

New Launch Condo @ Outram Road Showflat

New Launch Condo @ Outram Road Location

New Launch Condo @ Outram Road Price PSF

New Launch Condo @ Outram Road Developer Sales