People’s Park Centre eyes third collective sale bid; People’s Park Complex jumps on the bandwagon

TWO projects in Chinatown are looking to throw their hats into the en-bloc ring – the long-standing People’s Park Centre for the third time, and landmark development People’s Park Complex for the first. 

This time, People’s Park Centre is looking at a reserve price of between S$1.5 billion and S$1.7 billion, chairman of the project’s collective sale committee Koh Yam Khoon told The Business Times. 

The team is starting the process of collecting signatures from the requisite 80 per cent of unit owners soon, he said.