{"id":82190,"date":"2018-03-08T11:11:48","date_gmt":"2018-03-08T04:11:48","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-post-independence-landmarks-attempt-en-bloc-sale\/"},"modified":"2018-03-08T12:04:31","modified_gmt":"2018-03-08T05:04:31","slug":"4-post-independence-landmarks-attempt-en-bloc-sale","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/4-post-independence-landmarks-attempt-en-bloc-sale\/","title":{"rendered":"4 post-independence landmarks attempt en bloc sale"},"content":{"rendered":"


\nView of People\u2019s Park Complex in Chinatown. (Photo: Nicolas Lannuzel, Wikimedia Commons)
\nFour post-independence landmarks in Singapore \u2013 People\u2019s Park Complex and People\u2019s Park Centre in Chinatown, as well as Golden Mile Complex and Golden Mile Tower at Beach Road \u2013 may soon disappear from the city\u2019s landscape, reported the\u00a0Straits Times.
\nThis comes as collective sales committees have been formed for People\u2019s Park Complex, People\u2019s Park Centre and Golden Mile Complex, while Golden Mile Tower is in the process of forming one.
\nMore: Building craze
\nExperts widely recognise three of these structures, namely Golden Mile Complex, Golden Mile Tower and People\u2019s Park Complex, as architecturally and historically significant.
\nRepresenting Singapore\u2019s post-independence architectural history, the three were inspired by the Brutalist-architectural movement, the style of which usually features monumental structures that were made of off-form concrete.
\nThey were also completed as part of the first Land Sales Programme of the government in 1967 when land parcels were sold with a 99-year leasehold tenure.
\nReactions to the collective sales attempt of these developments have been mixed.
\nWhile the structure is special, the owner of Golden Watch Gold and Jewellery at People\u2019s Park Complex, who wanted to be known only as Mr Kea, revealed that he is willing to sell \u201cif the price is right\u201d.
\n\u201cJust like an ageing person, an old building will have its issues. As long as the selling price is reasonable, it can move undecided owners,\u201d said Mr Kea, while noting that sentiments among owners present during the extraordinary general meeting held on 5 March were split \u2013 those for and against the collective sale bid.
\nMore: Greenest buildings in Singapore
\nAmong those against the sale was Hang Lang Jewellery owner Henry Ho. \u201cWe\u2019ve been here for about 40 years. Business is good enough. Our roots are here \u2013 it\u2019s where my father started his business. Compared to an Orchard Road Mall, it\u2019s not as swanky but there are tourists here and we are surviving.\u201d
\nGenerally, owners of ageing properties try to sell their units due to fears of having to pay additional maintenance, restoration or renovation costs.
\n\u201cA combination of factors \u2013 an ageing property with a dropping value combined with maintenance issues and an increased appetite from developers, are driving many owners to seriously consider collective sales,\u201d noted landscape and architectural photographer Darren Soh.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…4 post-independence landmarks attempt en bloc sale<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

View of People\u2019s Park Complex in Chinatown. (Photo: Nicolas Lannuzel, Wikimedia Commons) Four post-independence landmarks...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-82190","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-lnE","jetpack-related-posts":[{"id":87074,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/spore-architect-calls-for-national-referendum-on-fate-of-iconic-buildings\/","url_meta":{"origin":82190,"position":0},"title":"S\u2019pore architect calls for national referendum on fate of iconic buildings","date":"May 4, 2018","format":false,"excerpt":"\r Lim Wenhui, partner at Spark Architects, is the first female head judge of the PropertyGuru Asia Property Awards (Singapore).\u00a0 \u00a0 In a bid to preserve our past, Singaporeans should rethink the belief that nation building requires older structures to make way for modern infrastructure, said Lim Wenhui, partner at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/The-Colonnade-768x1024.jpg?fit=768%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":88847,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/designer-calls-for-national-referendum-on-fate-of-iconic-buildings\/","url_meta":{"origin":82190,"position":1},"title":"Designer calls for national referendum on fate of iconic buildings","date":"May 4, 2018","format":false,"excerpt":"\r Lim Wenhui, partner at Spark, is the first female head judge of the PropertyGuru Asia Property Awards (Singapore).\u00a0\u00a0 CORRECTED: (Removes reference to Lim Wenhui as an architect in the title) In a bid to preserve our past, Singaporeans should rethink the belief that nation building requires older structures to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2018\/05\/The-Colonnade-768x1024-1.jpg?fit=768%2C1024&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":122810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-now-a-conserved-building\/","url_meta":{"origin":82190,"position":2},"title":"Golden Mile Complex now a conserved building","date":"October 25, 2021","format":false,"excerpt":"\r Completed in 1973, the 16-storey Golden Mile Complex is one of Singapore\u2019s first high-rise mixed-use developments. The Golden Mile Complex \u2013 one of Singapore\u2019s first high-rise mixed-use developments \u2013 has been gazetted as a conserved building, reported Channel News Asia (CNA), citing Minister for National Development Desmond Lee. The\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/golden-mile-complex.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":102944,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-will-not-be-the-same-again-once-sold\/","url_meta":{"origin":82190,"position":3},"title":"Golden Mile Complex will not be the same again once sold","date":"January 14, 2019","format":false,"excerpt":"\r The iconic building is currently on sale for $800 million after over 80 percent of its owners agreed to sell it. (Photo: ET&Co.) Homeowners at Golden Mile Complex believe the development would not be the same even if the iconic building is kept, reported Today Online. One of Singapore\u2019s\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":123547,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/golden-mile-complex-makes-second-collective-sale-attempt-price-remains-at-800mil\/","url_meta":{"origin":82190,"position":4},"title":"Golden Mile Complex makes second collective sale attempt, price remains at $800mil","date":"December 1, 2021","format":false,"excerpt":"\r The 16-storey Golden Mile Complex is making its second collective sale attempt at the same price of $800 million. Golden Mile Complex, which was gazetted as a conserved building in October, has once again been put up for collective sale with a reserve price of $800 million. This marks\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/12\/golden-mile-complex.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":106885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-developments-set-to-attract-upscale-tenants-along-singapores-beach-road\/","url_meta":{"origin":82190,"position":5},"title":"New developments set to attract upscale tenants along Singapore\u2019s Beach Road","date":"May 6, 2019","format":false,"excerpt":"\r From Guoco Midtown and Shaw Towers to the new residential developments at Tan Quee Lan Street and Middle Road, the Beach Road-Rochor Road area is set for a massive renewal.For the past four decades, those driving along Nicoll Highway from Singapore\u2019s east coast to the central business district have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82190"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=82190"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/82190\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=82190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=82190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=82190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}