People's Park Centre

SINGAPORE: People's Park Centre in Chinatown has been put up for collective sale at a reserve price of S$1.8 billion, real estate agency ERA Realty Network ...

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People's Park Centre is put up for collective sale via public tender with a S$1.8 billion reserve price, three years after a previous attempt.

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An ageing commercial and residential complex in Singapore's Chinatown is back on the en bloc market for S$1.8 billion ($1.28 billion) in what could be the ...

“Many of the older buildings may be very expensive to maintain because their design could not accommodate the latest need to be carbon neutral or at least carbon friendly. Less successful was an attempted tender by collective sale of the 50-storey International Plaza in Tanjong Pagar which kicked off in April this year. “The first few batches of commercial buildings sold post-independence are now reaching the 50-year mark,” he said. “A redevelopment is the likely option from an economic perspective.” That project in District 10 has since been redeveloped into the 36-storey D’Leedon condo complex. An ageing commercial and residential complex in Singapore’s Chinatown is back on the en bloc market for S$1.8 billion ($1.28 billion) in what could be the city’s largest collective sale ever.