Singapore, 20 April 2026 – ETC, as the sole marketing agent, is pleased to present for sale a ground-floor restaurant unit within People’s Park Complex at a guide price of S$8 million, offering investors and end-users a tightly-held opportunity to acquire a well-located commercial asset in the heart of Chinatown.
The sale will be conducted via an Expression of Interest (EOI) exercise, which will close on 20 May 2026, at 3pm.
The ground-floor unit has a strata area of 150 sq m (approximately 1,615 sq ft), prominently located beside the entrance connecting directly to People’s Park Food Centre; thereby benefiting from strong visibility and consistently high footfall from locals and tourists alike.
The S$8-million guide price works out to approximately S$4,955 psf, presenting an attractive entry point for investors seeking exposure via a well-known established commercial asset. The last ground-floor strata unit transaction within the development was in August 2025 at S$5,032 psf.
Currently tenanted to a restaurant operator, the property offers the successful buyer immediate rental income. The unit enjoys a wide frontage and regular layout, providing flexibility for future end-users or investors to reconfigure the space to suit their operational needs.
Ms Swee Shou Fern (徐晓芬), Head of Investment Advisory at ETC, a member of Realion Group, says, “The property is among less than a handful of units that is more than 100 sq m on the ground floor at People’s Park Complex. With its prime ground-floor positioning, strong shopper traffic and existing tenancy, this asset offers a compelling proposition for both investors seeking immediate rental income and owner-occupiers looking to secure a foothold in a highly recognisable Chinatown location.”
Open to both local and foreign buyers, the property is not subject to any Additional Buyer’s Stamp Duty.
People’s Park Complex is an iconic mixed-use development, recognised for its distinctive brutalist architecture and heritage significance. Located within Chinatown, a precinct characterised by vibrant F&B and retail offerings, the area attracts a steady flow of both locals and tourists, making it one of Singapore’s most popular heritage destinations.
END
