A ground-floor restaurant unit within People's Park Complex in Chinatown is up for sale at a guide price of $8 million.
The ground-floor unit has a strata area of 150 sqm (approximately 1,615 sq ft), prominently located beside the entrance connecting directly to People's Park Food Centre, according to sole marketing agent ETC.
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.
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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
