Why This Iconic Hilltop Condo Near Three MRT Lines Is Underperforming

One Pearl Bank drew plenty of attention when it launched in 2019, and not only for its architecture. The redevelopment of the iconic horseshoe towers sparked calls for conservation, while some buyers were drawn to its position on Pearl’s Hill: right beside Chinatown, minutes from the CBD, and served by three MRT lines at Outram Park (EWL, NEL, TEL). On paper, it had every hallmark of a long-term standout.

But when we expanded our Rest of Central Region (RCR) comparison data set, One Pearl Bank emerged for an unexpected reason.

Its resale performance appears notably weaker than that of other RCR launches from the same period, including projects in less central locations or with smaller land parcels.