reporter2
20-09-21, 14:01
FEO’s Lucky Pinnacle pays $39.33 mil for People’s Park Complex carpark
Cecilia Chow
EdgeProp Singapore
September 18, 2021
SINGAPORE (EDGEPROP) - Lucky Pinnacle, an entity of the Ng family-controlled property giant, Far East Organization, has purchased the multi-storey carpark and restaurant unit at People’s Park Complex. According to a property title search, Lucky Pinnacle paid $39.33 million for the property, with a caveat lodged on August 12.
The multi-storey carpark was launched for tender on June 25, which closed on July 29. The guide price indicated by exclusive marketing agent Sammi Lim, founder and executive director of Brilliance Capital, was $42 million then.
Based on the $42 million guide price, the carpark space worked out to about $208 psf, while the restaurant (F&B) unit was priced at $1,637 psf. The F&B unit occupies a strata area of 2,809 sq ft on the sixth floor, which is the rooftop of the carpark. According to the indicative price, the F&B unit was tagged at $4.7 million.
Read more at: https://www.edgeprop.sg/property-news/feo%E2%80%99s-lucky-pinnacle-pays-3933-mil-people%E2%80%99s-park-complex-carpark
Cecilia Chow
EdgeProp Singapore
September 18, 2021
SINGAPORE (EDGEPROP) - Lucky Pinnacle, an entity of the Ng family-controlled property giant, Far East Organization, has purchased the multi-storey carpark and restaurant unit at People’s Park Complex. According to a property title search, Lucky Pinnacle paid $39.33 million for the property, with a caveat lodged on August 12.
The multi-storey carpark was launched for tender on June 25, which closed on July 29. The guide price indicated by exclusive marketing agent Sammi Lim, founder and executive director of Brilliance Capital, was $42 million then.
Based on the $42 million guide price, the carpark space worked out to about $208 psf, while the restaurant (F&B) unit was priced at $1,637 psf. The F&B unit occupies a strata area of 2,809 sq ft on the sixth floor, which is the rooftop of the carpark. According to the indicative price, the F&B unit was tagged at $4.7 million.
Read more at: https://www.edgeprop.sg/property-news/feo%E2%80%99s-lucky-pinnacle-pays-3933-mil-people%E2%80%99s-park-complex-carpark