15 Feb '18, 2am

CapitaLand buys iconic Chinatown condominium

Almost everyone will know this iconic Chinatown condominium by sight. It’s unique architecture and towering presence has been part of Singapore’s and Singaporeans’ lives since the 1980s . Pearl bank Apartment Pearl bank apartments sold to CapitaLand for $728 million The Pearl bank apartments have been sold to CapitaLand for $728 million on its fourth try. While the homeowners may be glad for the $1.8 million to $4.9 million they will receive from the collective sale, some are lamenting the loss of an icon. The building’s architect, Mr Tan Cheng Siong, and other experts in the field are hoping that the developer will retain the unique C-shape structure. Pearl bank apartments started from humble beginnings, built in 1976 to provide homes to the middle class and to rejuvenate the city centre. A CapitaLand spokesman has said that the company will leverage on their experiences ...

Full article: https://www.iproperty.com.sg/news/capitaland-buys-iconic-...

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