The historical Individuals’s Park Centre has been offered through collective tender Tampines Ave 11 Tender at a get cost of $1.8 billion. Age has been appointed as the sole advertising agency.
Found at 101 Upper Cross Street, the development is alongside the Chinatown MRT Station (on the North-East Line as well as Downtown Line) as well as a brief drive to the CBD.
Presently, the mixed-use advancement contains 324 retail systems, 256 office systems and 120 residential units, along with a carpark.
Finished in 1970, the 99-year leasehold site spans an acreage of 95,457 sq ft with an allowed gross story proportion 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 taking into consideration the differential costs as well as lease top approximately a fresh lease.
Individuals’s Park Centre is positioned in the historic area of Chinatown. Famous landmarks including the Chinatown Heritage Centre as well as Upper Barracks are in the location.
There are currently an overall of 872 exclusive household dwellings within a 500m distance of the development, based on EdgeProp LandLens device. These consist of Waterfront Piazza (40 devices); Individuals’s Park Facility …