Will Peoples Park Centre condo undergo enbloc

People's Park Centre, a mixed-use development located in the Chinatown area of Singapore, has been put up for collective sale, but it has not yet been successful in finding a buyer.

In July 2022, the property was launched for collective sale with a reserve price of $1.8 billion. Despite having more than 80% of the owners by strata area and 80% by share value agreeing to the sale, there were no bidders willing to meet the reserve price during the tender period that ended in August 2022.

The collective sale process has entered a private treaty phase, which allows for negotiations with potential buyers over a specified period, but as of the latest updates, no successful sale has been announced.