The longstanding Individuals’s Park Centre has actually been put up for sale via collective tender at a reserve cost of $1.8 billion. ERA has actually been selected as the single advertising and marketing firm.
Located at 101 Upper Cross Street, the advancement is beside the Chinatown MRT Station (on the North-East Line as well as Downtown Line) as well as a short drive to the CBD.
Currently, the mixed-use growth consists of 324 retail units, 256 office units as well as 120 domestic systems, along with a carpark.
Finished in 1970, the 99-year leasehold site extends a land area of 95,457 sq ft with an allowable gross plot ratio of 8.6, translating to a maximum built-up area of 821,017 sq ft. ERA estimates the land price at $2,620 psf ppr after thinking about the differential costs as well as lease top approximately a fresh lease.
Individuals’s Park Centre …
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