Precast driven piles are extensively used for infrastructure on soft soils, but the buildup of excess pore water pressure associated with pile driving is a challenging issue. The process of soil consolidation could take several months. Measures are sought to shorten the drainage path in the ground, and permeable pipe pile is a concept that involves drainage channels at the peak pore pressure locations around the pile circumference. Centrifuge tests were conducted to understand the responses of permeable pipe pile treated ground, experiencing the whole pile driving, soil consolidating, and axially loading process. Results show that the dissipation rate of pore pressures can be improved, especially at a greater depth or at a shorter distance from the pile, since the local hydraulic gradient was higher. Less significant buildup of pore pressures can be anticipated with the use of permeable pipe pile. For this, the bearing capacity of composite foundation with permeable pipe pile can be increased by over 36.9%, compared to the case with normal pipe pile at a specific time period. All these demonstrate the ability of permeable pipe pile in accelerating the consolidation process, mobilizing the bearing capacity of treated ground at an early stage, and minimizing the set-up effect.