The landmark horse-shoe shaped Pearl Bank Apartments near Outram Park MRT station will be torn down for redevelopment after it was sold to CapitaLand in a S$728 million collective sale.

CapitaLand today unveiled the design of One Pearl Bank – designed by multi award-winning Serie+Multiply, the new scheme elevates the concept of high-rise living with a total of 774 apartments.

The Pearl Bank Apartments has been sold to CapitaLand for $728 million, making it fourth time lucky for the horseshoe-shaped condominium at Outram Park.

Pearl Bank Apartments, the iconic horseshoe-shaped building at Outram, is attempting a collective sale for the fourth time. An extraordinary general meeting was held on Saturday (Jul 8)