The $8 million guide price works out to around $4,955 psf. According to ETC, the last ground-floor strata unit transaction within the development was in August 2025 at $5,032 psf.
Currently tenanted to a restaurant operator, the property offers the successful buyer immediate rental income, says ETC. The unit enjoys a wide frontage and regular layout, providing flexibility for future end-users or investors to reconfigure the space to suit their operational needs.
Open to both local and foreign buyers, the property is not subject to any additional buyer’s stamp duty.
See also: Nine-hectare pharmaceutical plant at 21 Tuas South Avenue 6 for sale at $90 mil
Swee Shou Fern, head of investment advisory at ETC, a member of Realion Group, says: “The property is among less than a handful of units that is more than 100 sqm on the ground floor at People’s Park Complex. With its prime ground-floor positioning, strong shopper traffic and existing tenancy, this asset offers a compelling proposition for both investors seeking immediate rental income and owner-occupiers looking to secure a foothold in a highly recognisable Chinatown location.”
The sale will be conducted via an expression of interest exercise, which will close at 3pm on May 20.
Photo: ETC
