Overview & Key Facts
PEOPLE'S PARK CENTRE is a 99 yrs lease commencing from 1970 condominium at UPPER CROSS STREET in District 1 (RCR), developed by , comprising 120 units, completed in 1974.
Location & Connectivity
PEOPLE'S PARK CENTRE is approximately 140m from Chinatown MRT station, with 21 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Chinatown | North-East Line | 140m |
| Chinatown | Downtown Line | 140m |
| Clarke Quay | North-East Line | 420m |
| Telok Ayer | Downtown Line | 650m |
| Maxwell | Thomson-East Coast Line | 680m |
| Fort Canning | Downtown Line | 730m |
Schools & Education
8 schools within 2 km (1 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Outram Secondary School | Secondary | 940m |
| Fairfield Methodist School (Primary) | Primary | 1 km |
| Singapore Management University | Tertiary | 1.4 km |
| Cantonment Primary School | Primary | 1.4 km |
| Kheng Cheng School | Primary | 1.5 km |
| School of the Arts | Jc | 1.5 km |
| Nanyang Academy of Fine Arts | Tertiary | 1.7 km |
| Gan Eng Seng School | Secondary | 2 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 4 BR | 1 | $794 psf | $1,350,000 |
| 5+ BR | 3 | $852 psf | $2,012,667 |
Market Position
PEOPLE'S PARK CENTRE has recorded 4 sales at an average price of $1,847,000.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at PEOPLE'S PARK CENTRE typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 4 BR | $4,871/mo | $1,350,000 | 4.33% |
| 5 BR | $7,475/mo | $2,012,667 | 4.46% |
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Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $794 psf | — |
| 2022 | 1 | $749 psf | ↓ 5.6% |
| 2024 | 1 | $912 psf | ↑ 21.8% |
| 2025 | 1 | $894 psf | ↓ 2.0% |
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From the 2024 high, PEOPLE'S PARK CENTRE prices have given back 2.0% — still 12.6% above the 2021 baseline.
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| ONE MARINA GARDENS | 99 yrs lease commencing from 2023 | $2,958 psf | 643 |
| THE SAIL @ MARINA BAY | 99-year leasehold | $2,010 psf | 271 |
| MARINA ONE RESIDENCES | 99 yrs lease commencing from 2011 | $2,296 psf | 220 |
| UNION SQUARE RESIDENCES | 99 yrs lease commencing from 2024 | $3,081 psf | 190 |
| ONE SHENTON | 99 yrs lease commencing from 2005 | $1,775 psf | 106 |
Lease Analysis
With 43 years remaining on its 99-year lease, buyers should note CPF usage and loan tenure may be restricted.
What Could Work Against You
- The lease has about 43 years remaining — below the 60-year mark where CPF and bank-loan limits start narrowing the resale market.
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- At 52+ years of age, upkeep costs trend upward and renovation budgets matter; some owners here are effectively holding an en-bloc option.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: mrt-walkable commuters and cbd walking distance. Located ~145m from Chinatown MRT, this property is a comfortable daily walk for transit commuters.
cpf-only buyers should treat this as a shortlist candidate, not a default choice.
en-bloc speculators should probably look elsewhere. Older site profile in an en-bloc-active cluster — speculative upside if collective sale activates.
Verdict
PEOPLE'S PARK CENTRE is a 99 yrs lease commencing from 1970 development in District 1 (RCR), with 120 units, offering a gross yield of 2.9%.
At ~$894 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full PEOPLE'S PARK CENTRE dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing PEOPLE'S PARK CENTRE against staying public? These HDB towns sit within walking or short-drive distance:
- Central Area — 4-room average $1,088,814 (190m away), an upgrader gap of about $750,000
- Bukit Merah — 4-room average $894,787 (1 km away), an upgrader gap of about $950,000
- Kallang/whampoa — 4-room average $882,887 (1.7 km away), an upgrader gap of about $950,000
FAQ
What is the average PSF for PEOPLE'S PARK CENTRE?
Is PEOPLE'S PARK CENTRE freehold?
What is the rental yield for PEOPLE'S PARK CENTRE?
Which MRT is nearest to PEOPLE'S PARK CENTRE?
Sources & Next Steps
- PEOPLE'S PARK CENTRE Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 1 (Raffles Place, Marina, Cecil, People's Park) — District 1 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 4 transactions
- Rental data: 58 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Mar 2025 · 4 records analysed · Source: URA private-sale caveats