The historical Individuals’s Park Centre has been put up for sale by means of collective tender at a get price of $1.8 billion. Period has been assigned as the sole advertising firm.
Situated at 101 Upper Cross Street, the development is alongside the Chinatown MRT Station (on the North-East Line and also Downtown Line) as well as a brief drive to the CBD.
Currently, the mixed-use development includes 324 retail devices, 256 workplace systems as well as 120 property units, in addition to a carpark.
Completed in 1970, the 99-year leasehold website spans a land area of 95,457 sq ft with an allowed gross story ratio of 8.6, converting to a maximum built-up area of 821,017 sq ft. ERA approximates the land price at $2,620 psf ppr after considering the differential premium and lease top as much as a fresh lease.
Individuals’s Park Centre is positioned in the …