CommercialCOMMERCIALLeaseholdDistrict 1 · Outram

People's Park Complex

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2026

Quick Summary

People's Park Complex is a commercial building in District 1 · Outram, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 5.6. It is leasehold with roughly 41 years remaining. 265 transactions are on record since 1995, at a median S$2,068 psf, most recently in Mar 2026. 71 units are currently listed for sale or rent. ACRA records 258 live company registrations at this address.

The facts are here — now get the verdict on People's Park Complex.

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What are the key facts about People's Park Complex?

Key takeawayPeople's Park Complex is a commercial building in District 1 · Outram, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 5.6
Tenure: Leasehold
District / Area: District 1 · Outram
Address: 1 Park Road
Land area: 10,638 sqm
Completed: Not on record
Storeys: 31 (© OpenStreetMap contributors)
Developer: People's Park Development Pte Ltd (per CommercialGuru)
Strata lots (whole development, MCST): 636
Strata formed: 1979 (MCST 0473)
Submarket: City Fringe
Units with a recorded sale: At least 186
Transactions on record: 265 (records start 1995)
Live listings: 71
ACRA registrations: 258

What are the specs at People's Park Complex?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: car park; Source: CommercialGuru

About People's Park Complex

People'S Park Complex is a mixed-use building in Outram (District 01). It is located along Park Road, Singapore 059108.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 5.6. It lies inside the Central Area.

The site is leasehold, with about 41 years remaining on the lease. It occupies roughly 10,638 sqm of land with about 57,947 sqm of gross floor area.

265 transactions have been recorded here, at a median of S$2,068 psf. The most recent was in March 2026.

452 businesses are currently registered at this address with ACRA.

The nearest MRT is Chinatown MRT, 285 m away (about a 4-minute walk). The closest bus stop (Chinatown Stn Exit C) is 46 m away (about a 1-minute walk).

What is People's Park Complex zoned as?

Key takeawayPeople's Park Complex sits on land zoned COMMERCIAL with a gross plot ratio of 5.6, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 5.6
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What has People's Park Complex sold for?

Key takeawayAcross 265 recorded transactions since 1995, the median price is about S$880k, most recently in Mar 2026.

Date	Use	Price	Area	PSF
Mar 2026	Retail	S$1.46M	441 sqft	$3,308
Jan 2026	Office	S$700k	484 sqft	$1,445
Jan 2026	Retail	S$789k	205 sqft	$3,857
Aug 2025	Retail	S$1.20M	452 sqft	$2,654
Aug 2025	Office	S$1.63M	323 sqft	$5,032
Aug 2025	Retail	S$700k	151 sqft	$4,645
Jul 2025	Retail	S$925k	506 sqft	$1,828
Jul 2025	Retail	S$925k	506 sqft	$1,828
Jul 2025	Retail	S$925k	506 sqft	$1,828
Jul 2025	Retail	S$925k	506 sqft	$1,828

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter

What does space at People's Park Complex rent for?

Key takeawayNo street- or building-level rent is published here. Across District 1 retail, retail space rented at a median of $10.02 psf a month in 2026Q3, with the middle half of leases between $8.23 and $15.92. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 1 retail

Region band · 2026Q3

25th pct

$8.23

$88.64 psm

Median

$10.02

$107.81 psm

75th pct

$15.92

$171.42 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 1 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

Market context around People's Park Complex

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

How fast units move at People's Park Complex

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 17 units for rent; 54 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 7 new listings appeared and 1 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 8 new listings appeared and 12 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at People's Park Complex?

Key takeawayURA has approved 77 changes of use at People's Park Complex since 2000, most recently in 2026, and refused 6. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

28 Sept 2026Approved
Additions & alterations
Regularisation of gfa & proposed amendment to approved reinstatement of existing reinforced concrete slab floor at 3rd. storey and 4th. storey of existing people's park complex on lot 00168a ts22 at 1 park road singapore 059108 (outram planning area)
21 Sept 2026RenewedFloor 3
Continued use as massage establishment
Continued use of unit #03-XX as massage establishment
17 Aug 2026ApprovedFloor 1
Change of use to restaurant
Proposed change of use of units #01-XX & #01-XX to restaurant
3 Jun 2026Approved
Additions & alterations
Proposed addition and alteration works involving demolition of staircase and reinstatement of reinforced concrete slab floor at 3rd storey and 4th storey of existing people's park complex on lot 00168a ts22 at 1 park road singapore 059108 (outram planning area)
12 May 2026ApprovedFloor 2
Change of use to restaurant
Proposed change of use of unit #02-XX to restaurant
13 Feb 2026RefusedFloor 3
Change of use to massage establishment
Proposed change of use of unit #03-XX to massage establishment
12 Nov 2025RenewedFloor 1
Continued use as restaurant
Continued use of unit #01-XX as restaurant
24 Oct 2025ApprovedFloor 4
Change of use to commercial school
Proposed change of use of units #04-XX & #04-XX to commercial school
23 Oct 2025ApprovedFloor 4
Change of use: office → medical clinic
Proposed change of use of unit #04-XX from office to medical clinic
17 Oct 2025ApprovedFloor 4
Change of use to commercial school
Proposed change of use of unit #04-XX & #04-XX to commercial school
15 Oct 2025RenewedFloor 2
Continued use as massage establishment
Continued use of the shop unit #02-XX as massage establishment
17 Sept 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant

150 earlier change-of-use and A&A decisions are on record since 2000.

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

How does Park Road price?

Key takeawayAcross 32 strata sales on Park Road in the last 5 years, the median is $2,980 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$2,980

Street figures cover strata deals only — land and strata PSF are not comparable.

What do commercial rents run near People's Park Complex?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)

3.4%

3.0% net of property tax

Rent side (median of bands)

$107.81 psm/mo

2026Q3

Price side (strata, 5y)

$3,561 psf

90 sales

An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 1 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$82.69	$99.35	$120.39
Level 1 · 30 & Below	$172.73	$245.52	$332.57
B1 & Below · 30 & Below	$87.33	$172.91	$321.72
Level 2 & 3 · >30 - 100	$77.43	$95.09	$183.52
Level 1 · >30 - 100	$106.77	$168.33	$217.05
B1 & Below · >30 - 100	$117.40	$198.29	$365.38
Level 1 · >100 - 300	$115.69	$148.57	$187.43
B1 & Below · >100 - 300	$148.73	$233.33	$396.56

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band	25th pct	Median	75th pct
Category 2 · 100 & Below	$54.65	$69.39	$88.80
Category 1 · 100 & Below	$103.62	$122.24	$132.43
Category 1 · >100 - 200	$116.28	$126.99	$148.35
Category 2 · >100 - 200	$65.57	$82.87	$97.63
Category 1 · >200 - 500	$114.67	$128.09	$145.77
Category 2 · >200 - 500	$64.83	$82.57	$94.73
Category 1 · >500 - 1000	$106.56	$137.78	$148.23
Category 2 · >500 - 1000	$85.04	$89.34	$109.80

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

What is available at People's Park Complex right now?

Key takeaway71 units are currently listed at People's Park Complex — 54 for sale and 17 for rent. One row per unit; several agents often market the same unit.

For sale (54)

People's Park ComplexS$1.02M · 312 sqft
People's Park ComplexS$1.20M · 312 sqft
People's Park ComplexS$2.96M · 452 sqft
People's Park ComplexS$5.91M · 904 sqft

For rent (17)

People's Park Complex2 agentsS$3k/mo · 180 sqft
People's Park Complex2 agentsS$3k/mo · 550 sqft
People's Park Complex2 agentsS$7k/mo · 603 sqft
People's Park ComplexS$3k/mo · 365 sqft

Browse every listing at this building →

What is near People's Park Complex?

Key takeawayThe nearest MRT/LRT is Chinatown MRT, about 285 m away — and 3 competing retail premisess operate nearby.

Getting around

Chinatown MRT285 m · ~4 min

Amenities nearby

Ng Medical Clinic · 9 mChinatown Stn Exit C · 47 mChinatown MRT Exit C · 66 mPlace Of Worship · 281 mHotel · 317 mKreta Ayer Community Club · 328 mDuxton Plain Pk · 359 mEducational Institution · 569 mOutram Polyclinic · 689 mSingapore General Hospital · 756 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

People's Park Food Centre · 81 mChinatown Point · 254 mNTUC Fairprice Co-operative Ltd · 254 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at People's Park Complex

Key takeawayThe nearest station is Chinatown (NE4 / DT19), 65 m away — one of the busiest stations, with about 97,000 taps in and out on an average weekday. 28 public car parks are within 500 m.

Foot traffic: busier than 98% of retail buildings

nearest MRT/LRT Chinatown (NE4/DT19) 65 m, about 97,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 10, about 41,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 25,000 residents within 1 km (June 2026); 8 other malls within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

Chinatown (NE4 / DT19)65 m · about 97,000 weekday taps
Maxwell (TE18)386 m · about 23,000 weekday taps
Outram Park (EW16 / NE3 / TE17)467 m · about 78,000 weekday taps
Clarke Quay (NE5)495 m · about 31,000 weekday taps
Telok Ayer (DT18)569 m · about 37,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to People's Park Complex. Transfers between lines don't tap, so interchanges read low.

Bus

10 bus stops within 400 m, with about 41,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Smith St) (URA)111 m
Blk 33 Park Crescent Mscp (HDB)151 m
S$1.20 per half-hour at midday on a weekday · gantry 2.15 m · 576 car lots
Backlane (Upp Cross St - Mosque St) (URA)186 m
Backlane (Temple St - Pagoda St) (URA)191 m
Blk 335 Kreta Ayer (Lub) (HDB)213 m
no short-term parking · gantry 1.9 m · 5 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 883 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. People's Park Complex's own car park, if it has one, and its charges are not in the open data.

Who's registered at People's Park Complex?

Key takeaway258 live companies (and LLPs and branches; sole proprietors are not counted) list People's Park Complex as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
55
Other services
39
Administrative and support services
37
Professional, scientific and technical services
30
Accommodation and food services
25
Financial and insurance
24
Information and communications
11
Real estate
11
Education
9
Health and social services
7

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

Frequently asked questions about People's Park Complex

Where is People'S Park Complex?⌄

People'S Park Complex is at 1 Park Road, Singapore 059108, in the Outram planning area.

What is People'S Park Complex zoned as?⌄

People'S Park Complex sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 5.6.

What is the tenure of People'S Park Complex?⌄

People'S Park Complex is leasehold. About 41 years remain on the lease.

What have units at People'S Park Complex sold for?⌄

Across 265 recorded transactions, the median price is S$2,068 psf. The latest was in March 2026.

What is the nearest MRT station to People'S Park Complex?⌄

Chinatown MRT is the closest, 285 m away (about a 4-minute walk).

How many businesses are registered at People'S Park Complex?⌄

452 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

For agents · in the PropKaki app

The facts are here — now get the verdict on People's Park Complex.

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This development is also registered as the residential project People's Park Complex.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Developer: as CommercialGuru names it, not checked against an official record.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from CommercialGuru, BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.