S T 20 Aug 2022. B9. Attempt to sell People's Park Centre en bloc for $1.8b fails.
It did not receive consent of 80% of the unit owners.
Commercial-cum-residential development (mixed-use development)
13-storey block and 30-storey block.
324 shops, 256 offices, 120 apartments and a car park.
95,467 sq ft site
Gross floor area about 821,017 sq ft
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S T 23 Dec 2023: A3
Selling at 1.3 billion in Mar 2024.
URA gave notice in Nov 2023 about heritage conservation value. URA may offer incentives appealing to developers.
Most important, the reserve price per sq foot per plot ratio must appeal to developers to bid.
People's Park Complex, starta-titled development was designed by Mr Koh Seow Chuan, the late Mr William Lim, Mr Tay Kheng Soon, Mr Gan Eng oon and Mr Chee Soon Wah from Design Partnership now known as DP Architects.
Completed in 1973. 31-storey was a first-of-its-kind in Singapore and in S E Asia - a mixed development with shops, homes, offices and carpark facilities within a single structure. An area of 1ha, was Singapore's largest shopping centre where shops and kiosks generate a bazaar-like atmosphere.
44 years left on its lease. Built in the brutalist architectural style. Style is marked by monumental structures made of off-form concrete without being plastered over.
391 commercial units, 278 residences, a car park.
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