Is there a possibility of People Park Centre en bloc?

The possibility of an en bloc sale for People's Park Centre is ongoing but faces several challenges and considerations.

- The centre, located at 101 Upper Cross Street in Chinatown, was put up for collective sale in July 2022 with a reserve price of S$1.8 billion. However, the initial tender did not attract any bidders, likely due to the high quantum amount.
- The collective sale committee has since entered a private treaty phase, seeking a buyer who can meet or exceed the reserve price.
- This is not the first attempt at an en bloc sale for People's Park Centre; it is their third try, indicating persistent efforts by the owners to secure a sale.

Additionally, the potential for conservation or heritage designation, similar to what is being considered for the nearby People's Park Complex, could impact the sale. However, as of now, there is no specific indication that People's Park Centre is under consideration for conservation, which might have affected the sales conditions.