The longstanding People’s Park Centre has actually been put up for sale through cumulative tender at a get price of $1.8 billion. Period has been assigned as the single advertising and marketing agency.
Found at 101 Upper Cross Street, the growth is next to the Chinatown MRT Station (on the North-East Line as well as Downtown Line) as well as a short drive to the CBD.
Presently, the mixed-use growth consists of 324 retail systems, 256 office devices as well as 120 domestic devices, along with a carpark.
Completed in 1970, the 99-year leasehold site spans a land area of 95,457 sq ft with a permitted gross story proportion of 8.6, equating to an optimum built-up area of 821,017 sq ft. ERA estimates the land price at $2,620 psf ppr after thinking about the differential premium and also lease top approximately a fresh lease.
Individuals’s Park Centre is …