Capitaland Expands Local Footprint

Singapore’s leading property developer CapitaLand purchased the high-rise 37-storey Pearl Bank Apartments in the city-state’s Chinatown area for USD550 million in January to redevelop the site.

The 288-unit is located in a prime location on a 82,376 square feet plot in Outram Park on top of Pearl Hill.

According to a statement by the company, CapitaLand intends “to redevelop the site into a high rise residential development comprising around 800 units with a host of social, shared facilities which will foster community spirit and celebrate the area’s unique heritage.”

The site is well-served by the Outram Park MRT station, which is linked to the East-West Line and North-East Line. It will also be connected to the upcoming Thomson-East Coast Line (TEL) which will open in phases starting from 2019. The TEL will connect Outram Park to numerous lifestyle and recreational attractions, such as Orchard Road, Marina Bay and Gardens by the Bay.

- Video Advertisement -

Related Post

France and Cambodia Forge Billion-Dollar Energy and Infrastructure Alliance

The economic landscape of Cambodia is on the verge of a magnificent sustainability leap as major French enterprises reveal ambitious plans to invest heavily in the Kingdom’s clean energy grid. During a landmark bilateral meeting held on July 9, 2026, Nicolas Forissier, the French Minister Delegate attached to the Minister for Europe and Foreign Affairs, […]

Japan Extends $119 Million Lifeline for Sihanoukville Port Expansion

The landmark financial partnership between Phnom Penh and Tokyo aims to revolutionize Cambodia’s logistics system, dramatically scaling up the capacity of the nation’s premier deep-sea gateway Cambodia’s maritime trade capabilities are poised to undergo a major transformation as the country secures a significant financial investment to overhaul its shipping logistics. On the afternoon of July […]

Japan’s Household Giant Lion Corporation Eyes Cambodia for Major Manufacturing Plant Investment

Cambodia is steadily cementing its reputation as one of Southeast Asia’s most attractive investment destinations, a status further reinforced by the keen interest of major Japanese multinational giants. In a high-profile development, a senior executive delegation from Japan’s renowned consumer goods giant, Lion Corporation, officially expressed its intention to conduct a comprehensive study on establishing […]

Final Section of Cambodia’s National Road 5 Reaches Major Construction Milestone

Achieving over 63 percent completion, the vital Serei Sophorn to Poipet corridor paves the way for seamless international trade and regional connectivity by 2027 The ambitious transformation of Cambodia’s transport network is rapidly nearing its final triumph as the restoration and quality upgrade of National Road 5 enters its last leg. By the end of […]

Cambodia Unveils Visionary $1.244 Billion Economic Resilience Initiative

A comprehensive pro-poor intervention framework set to safeguard livelihoods, boost vocational skills, and transform energy infrastructure across the Kingdom The Royal Government of Cambodia has announced a massive macroeconomic milestone, paving the way for sustained growth and social equity with a new multi-million dollar strategy. Following the conclusion of the International Monetary Fund Article IV […]

The Bassac River Bridge Nears Spectacular Completion to Transform Phnom Penh Infrastructure

Phnom Penh is rapidly advancing toward an era of unprecedented urban connectivity as the highly anticipated Bassac River Bridge construction project charges toward its final phases. As of early July 2026, this iconic twin concrete bridge connecting Chak Angre Krom and Prek Pra has achieved a spectacular 79% completion rate. This major milestone was underscored […]