People’s Park Centre up for en bloc sale at S$1.8 billion reserve price

An iconic building in Chinatown has been put up for sale. People’s Park Centre, which has been a feature in the area for decades, has a reserve price of S$1.8 billion — S$450 million more than what owners asked for during an earlier en bloc attempt in 2019. The mixed-use development has a total of 700 units for retail, office and residential use. The reserve price translates to a land rate of S$2,620 per square foot per plot ratio.

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