The longstanding People’s Park Centre has been offered using cumulative tender at a book rate of $1.8 billion. Period has actually been assigned as the single advertising and marketing agency.
Found at 101 Upper Cross Street, the advancement is alongside the Chinatown MRT Station (on the North-East Line as well as Downtown Line) and a brief drive to the CBD.
Presently, the mixed-use development consists of 324 retail units, 256 office systems and also 120 residential systems, in addition to a carpark.
Completed in 1970, the 99-year leasehold site covers an acreage of 95,457 sq ft with an allowed gross plot proportion of 8.6, translating to a maximum built-up area of 821,017 sq ft. ERA estimates the land rate at $2,620 psf ppr after thinking about the differential premium and also lease top as much as a fresh lease.
People’s Park Centre is located in Tampines Ave 11 …