Pearl Bank Apartments for en bloc

Pearl Bank Apartments, the iconic horseshoe-shaped building at Outram, is attempting a collective en bloc sale for the fourth time. A reserve price of S$728 million has been set for the building, which has 280 residential units and eight commercial units. The size of residential units varies from 1,324 sq ft to 3,993 sq ft, and each homeowner will stand to receive an average of S$2.6 million if an en-bloc sale goes through. The property has a site area of 82,376 sq ft, with a 7.2 plot ratio.

Source: Channel Newsasia