{"id":17932,"date":"2026-05-06T10:00:48","date_gmt":"2026-05-06T02:00:48","guid":{"rendered":"https:\/\/www.huttonsgroup.com\/?post_type=article&#038;p=17932"},"modified":"2026-05-07T09:10:51","modified_gmt":"2026-05-07T01:10:51","slug":"retail-space-in-peoples-park-centre-for-sale","status":"publish","type":"article","link":"https:\/\/www.huttonsgroup.com\/zh-hans\/article\/retail-space-in-peoples-park-centre-for-sale\/","title":{"rendered":"Retail space in People\u2019s Park Centre for Sale"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-17933\" src=\"https:\/\/www.huttonsgroup.com\/wp-content\/uploads\/IMG_1648-scaled.jpg\" alt=\"\" width=\"2560\" height=\"1920\" \/><em>Photo of retail space (Source: Huttons Asia)<\/em><\/p>\n<p>A third-floor retail shop in People\u2019s Park Centre in Chinatown is up for sale via an expression of interest (EOI) exercise with a guide price of $18 million.<\/p>\n<p>Zoned commercial under the Urban Redevelopment Authority (URA) Master Plan 2025, People\u2019s Park Centre comprised of 120 residential units, 324 retail shops and 256 offices.<\/p>\n<p>Measuring an estimated 6,415.28 sq ft, the strata unit is one of the biggest units in this development. The guide price works out to approximately $2,806 psf on the strata area.<\/p>\n<p>Currently it is tenanted to Artcraft Shop for a monthly rental of $30,000, reflecting a gross yield of 2%.<\/p>\n<p><strong>Aric Lim, Associate Group District Director of Huttons Asia<\/strong>, who is marketing the unit, noted its wide frontage and expansive floor area. Such large floor plate units are to come by.<\/p>\n<p>In the last five years, there had been only two caveated transactions of more than 5,000 sq ft of retail space in People\u2019s Park Centre. In Feb 2026, a 5,704.92 sq ft unit was sold for $28 million or $4,908 psf while a 7,190.35 sq ft unit was transacted at $20.8 million or $2,887 psf in Mar 2021, said <strong>Lee Sze Teck, Senior Director of Data Analytics of Huttons Asia. <\/strong><\/p>\n<p>The Expression of Interest will close 31 May 2026.<\/p>\n<p style=\"text-align: center;\"><strong>&#8211; END &#8211;<\/strong><\/p>\n<p><strong>For further information, please contact:<br \/>\n<\/strong>Aric Lim, Associate Group District Director, R007953J<br \/>\nTel: <a href=\"tel:+6583832838\">+65 8383 2838<\/a> | <a href=\"mailto:aric@huttons.sg\">aric@huttons.sg<\/a><br \/>\nHuttons Asia Pte Ltd (Licence No: L3008899K)<\/p>\n","protected":false},"featured_media":17933,"template":"","categories":[13],"class_list":["post-17932","article","type-article","status-publish","has-post-thumbnail","hentry","category-news-press-releases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\r\n<title>Retail space in People\u2019s Park Centre for Sale - 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