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Condo prices · D03

One Pearl Bank

Pearl Bank · D03 · Rest of central region · Apartment

The median sale at One Pearl Bank was $2,129,500 — $2,630 psf — across 344 transactions between Nov 2021 and Oct 2026. 99-year lease from 2019.

Median price
$2,129,500
344 sales in the window.
Median per sq ft
$2,630 psf
Median unit 840 sq ft.
Lease remaining
92 years
99-year lease from 2019

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$1,929
$2,129,500 over 92 years remaining.
Per sq ft per year
$27.57
What a square foot of this development costs for one year of lease.
Lease expires
2118
7 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

New sales, sub-sales and resales

A new sale is bought from the developer at a list price; a resale is negotiated. The gap between them is the clearest read on how much of a launch price is the launch.

Kind of saleMedian pricePer sq ftSales
New sale$2,216,000$2,640 psf279
Sub-sale$1,900,000$2,558 psf57
Resale$1,850,000$2,463 psf8

Year by year

The median moved down 1 per cent a square foot between 2021 and 2026. The sale count beside each year is how much evidence that year rests on.

  • 202136 sales$2618
  • 2022173 sales$2569
  • 202377 sales$2755
  • 2024nine sales$2498
  • 202530 sales$2524
  • 202619 sales$2601
Show the figures
YearMedian pricePer sq ftSales
2021$1,548,000$2,618 psf36
2022$2,140,000$2,569 psf173
2023$3,100,000$2,755 psf77
2024$2,000,000$2,498 psf9
2025$1,830,000$2,524 psf30
2026$2,200,000$2,601 psf19

What it rents for

URA’s median of rental contracts lodged at One Pearl Bank in 2026Q3, per square foot per month.

Median rent per sq ft
$8.09
A month. Middle half of contracts ran $7.60 to $8.45.
Gross yield
3.69%
A year of median rent against the median sale price.
Median sale per sq ft
$2,630 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D03

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.