News: Pearl Bank Apartments to be digitally preserved ahead of redevelopment

May 10, 2019

CapitaLand has spent months documenting Pearl Bank’s facade with the use of drones as well as detailed images and videos of the building.

The iconic Pearl Bank Apartments in Outram is set to be digitally documented for public archives ahead of the building’s redevelopment.

In fact, CapitaLand has spent three months documenting drone scans of its external façade, 3-D laser scans of its various apartment types and common areas, as well as detailed images and videos of the building.

Pearl Bank Apartments is one of several ageing condos to be sold en bloc in recent years. Read this guide to Understanding the En Bloc Process.

The data gathered was processed in point clouds with the use of photogrammetry technology and converted into 3-D models.

“Together with the 3-D models, the digital AutoCAD drawings of the building’s floor plans, section plans and elevation plans have been submitted to the Urban Redevelopment Authority for public archive at a later stage,” said Ronald Tay, CEO of CapitaLand Singapore, Malaysia and Indonesia.

“Documenting the building for posterity is CapitaLand’s way of contributing towards the study of Singapore’s urban development, by making the knowledge accessible not just to researchers and students, but also everyone.”

Aside from generating the 3-D models of the building, a guided photowalk of Pearl Bank Apartments will also be held for the Instagram community.

Pearl Bank Apartments was acquired via a private treaty en bloc sale in February last year, with CapitaLand taking vacant possession of the property on 30 April.

Tay revealed that CapitaLand has extensively evaluated various redevelopment options for the site, taking into consideration prevailing market conditions, housing policies and building safety requirements, among others.

“While it is not feasible to conserve Pearl Bank Apartments, CapitaLand is committed to retaining its innovative spirit and will offer more Singapore residents the chance to lead their dream urban lifestyles at this prime location in central Singapore. This is also in line with the authorities’ plans to develop more homes in Singapore’s Central Area.”

The new development will feature 774 apartments and is slated for completion in 2023 – the same time when the third MRT line in Outram is expected to start operations.

Check out PropertyGuru’s properties for sale near Outram Park MRT station! Alternately, refer to our handy buying guides.

 

Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email romesh@propertyguru.com.sg

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