People’s Park Centre launched for collective sale at $1.8 bil
The longstanding Individuals’s Park Centre has been put up for sale using collective tender at a reserve rate of $1.8 billion. ERA has actually been selected as the sole advertising agency.
Found at 101 Upper Cross Street, the advancement is next to the Chinatown MRT Station (on the North-East Line and Downtown Line) and also a short drive to the CBD.
Presently, the mixed-use growth consists of 324 retail systems, 256 office devices and also 120 property units, as well as a carpark.
Completed in 1970, the 99-year leasehold website spans a land area of 95,457 sq ft with an allowed gross story ratio 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 taking into consideration the differential costs as well as lease top as much as a fresh lease.
People’s Park Centre is positioned …
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