People's Park Centre
Located in District 1 (Raffles Place, Marina, Cecil, People's Park), People's Park Centre is a 99-year leasehold condominium in the Rest of Central Region (RCR). Completed in 1974, the development comprises 120 units, on a lease that commenced in 1970. Sale and rental figures on this page are compiled from URA transaction records.
PEOPLE'S PARK CENTRE
Over the 12 months to Mar 2025, People's Park Centre recorded 13 rental contracts at a median $5,300/mo. Source: URA caveat data, as of Mar 2025.
| Date | Price | PSF | Size (sqft) | Floor | Type |
|---|---|---|---|---|---|
| Mar-25 | $2,088,000 | $894 psf | 2,336 sqft | 11 to 15 | 5BR |
| Oct-24 | $2,200,000 | $912 psf | 2,411 sqft | 11 to 15 | 5BR |
| Jan-22 | $1,750,000 | $749 psf | 2,336 sqft | 16 to 20 | 5BR |
| Jun-21 | $1,350,000 | $794 psf | 1,701 sqft | 11 to 15 | 4BR |
En-Bloc Potential
A heuristic read of land/redevelopment fundamentals — not a prediction that a collective sale will happen. Whether one succeeds hinges on owner consent, reserve-price expectations, and market timing. Only ~1 in 10 en-bloc attempts complete, and realised premiums have averaged ~14% (owners often expect 40%+). For an ageing leasehold, weigh this against near-certain lease decay while you wait.