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rate5h ago Property Last One Pearl Bank’s penthouse sold, development hits 100% sale rate The penthouse at CapitaLand’s One Pearl Bank development has been sold for over $15 million, making it the most expensive non-landed residential transaction in the area. First unveiled last July, the property marks the site of the former Pearl Bank Apartments. It spans two 39-storey towers that are connected by sky bridges. Located in Outram Park, the development is situated close to the Central Business District and will have some 774 units ranging from studios to penthouses.Before One Pearl Bank was launched, the record for non-landed properties in the area was held by Spottiswoode residences for a unit that sold for $2,700 psf. 5 hours ago
CapitaLand Group has recently signed an important step in their digital transformation journey, by entering into a memorandum of understanding (MoU) with Microsoft. Under this MoU, the Group will be a part of Microsoft Singapore’s AI Pinnacle Program, with an aim to enhance customer engagement and improve operational efficiency across all their businesses.
As a part of this program, CapitaLand will gain access to a wide range of Microsoft’s platforms, services, and solutions, and use them to enhance the overall experience of their stakeholders. This includes identifying potential areas of collaboration, leveraging Microsoft’s Azure cloud computing platform to develop data center designs and products for CapitaLand Investment, and the integration of AI, data analytics, and machine learning to bolster their digital and business transformation efforts.
According to Quah Ley Hoon, Group Chief Corporate Officer of CapitaLand Investment, this partnership with Microsoft is a significant step in the Group’s digital transformation journey. The use of AI will play a crucial role in shaping their future, bringing operational efficiencies and creating value for all their stakeholders.
Additionally, CapitaLand Investment has also signed an MoU with the Singapore Business Federation (SBF) to establish a framework for digitalization and integration of AI across their retail ecosystem. Some of the initiatives under this MoU include facilitating adoption and proof of concept for AI, data analytics, and cybersecurity solutions to enhance business efficiency and competitiveness, as well as developing AI-focused competency and skills among retail tenants.
In other news, the penthouse at CapitaLand’s One Pearl Bank development has been sold for over $15 million, making it the most expensive non-landed residential transaction in the area. This development, which was unveiled in July last year, is built on the site of the former Pearl Bank Apartments and consists of two 39-storey towers connected by sky bridges. Its location in Outram Park, close to the Central Business District, makes it a highly sought-after property. Before One Pearl Bank, the record for non-landed properties in the area was held by Spottiswoode Residences for a unit that sold for $2,700 psf.