Family offices driving a few car park deals; Chinatown offers latest million-dollar lot
Lisa Kriwangko
A CAR park at People's Park Complex has joined the mix of such assets up for purchase, with a few recent sales of other car parks closed by family offices.
This week, a multi-storey car park with a restaurant unit at People's Park Complex was put up for public tender at a guide price of S$42 million.
The property spans across four floors on levels 3, 4, 5 and 6, comprising 648 car parking spaces, 56 motorcycle parking spaces and a restaurant unit on the top level of the podium, said sole marketing agent Brilliance Capital.
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