‘Hype, smoke, and hot air’ clouding Singapore real estate

When the doors to the sales gallery of an upcoming residential project in central Singapore opened in July, more than 4,000 prospective homebuyers flooded the showroom for a first glimpse of the plush development. The project, One Pearl Bank, sits on a 99-year leasehold site once home to the iconic horseshoe-shaped Pearl Bank Apartments. It is set to stand among the tallest residential properties in the Lion City when completed by 2023, boasting unobstructed views of the city skyline.