Peace Centre Singapore: A Friendly Hub for Affordable Shopping and Dining

If you’re a resident or frequent visitor of Singapore, you’ve likely heard of Peace Centre. This iconic shopping mall, located on Sophia Road, has been a beloved fixture in the city-state for over 40 years. Despite its age, it has remained a popular destination for locals and tourists alike, thanks in part to its unique mix of shops, restaurants, and other amenities.

However, the future of Peace Centre has been uncertain in recent years. In 2019, it was announced that the mall would be sold to a developer and demolished to make way for a new development. This news was met with mixed reactions from the public, many of whom were sad to see the historic building go. However, there is hope for the future of Peace Centre, as plans for a new development have been announced that will incorporate some of the mall’s original features. In this article, we’ll take a closer look at the history of Peace Centre, as well as the details of the new development and what it means for the future of this iconic Singapore landmark.

Key Takeaways

• Peace Centre is a historic shopping mall located on Sophia Road in Singapore.
• The mall has been sold to a developer and will be demolished to make way for a new development.
• Plans for the new development include incorporating some of the original features of Peace Centre.

Historical Significance and Future Transformation

Peace Centre has been a significant part of Singapore’s history since its establishment in 1977. The mall was a hub for education, with private schools such as Informatics and BMC, and a go-to place for printing textbooks and materials. However, by the 2000s, the aging Peace Centre was gradually falling out of favour due to the emergence of many new shopping malls elsewhere in Singapore.

Collective Sale and Redevelopment

In response to the changing times, a collective sale was made, and the Singapore Land Authority and Urban Redevelopment Authority took over the property. The redevelopment plans aim to transform Peace Centre into a modern mixed-use development that will cater to the needs of the community. The new development will include residential units, commercial spaces, and community facilities.

Cultural Impact and Community Engagement

Peace Centre has also played a significant role in Singapore’s cultural and community landscape. The extended lease of life given to the mall in 2024 by the collective PlayPan transformed the space into a colourful community hub, housing an eclectic group of local creatives and indie businesses in its first three storeys. The space became a platform for social movements, community-building, creative collaborations, and social engagement.

Peace Centre’s future transformation promises to continue its legacy of community engagement. The new development plans include community spaces that will host events and activities, providing opportunities for social enterprises and community groups to engage with the public. The redevelopment plans also aim to retain the building’s unique architectural features, preserving its historical significance.

In conclusion, Peace Centre’s historical significance and future transformation reflect Singapore’s dynamic and evolving landscape. The redevelopment plans promise to continue Peace Centre’s legacy of community engagement and cultural impact, providing a platform for social movements, creative collaborations, and social enterprises.

Details of the New Development

Architectural Features and Facilities

The new mixed commercial and residential project at Peace Centre Singapore promises to be a creative hub that will inspire youth, artists, and creatives alike. The new development will have a gross floor area of approximately 387,000 sq ft and comprise a podium block, a tower, and a car park.

The podium block will house commercial units, including a car-vending machine and printing shops, while the tower will have apartments. The development will also feature a creative hub with graffiti and mural art, a horror house, and a thrift shop. The car park will have strata lots for sale.

Commercial and Residential Aspects

The new development is a joint venture between SingHaiyi Crystal, Ultra Infinity, and Chip Eng Seng. It has a 99-year tenure and a gross plot ratio of 7.2. The reserve price for the Peace Centre/Peace Mansion en bloc sale was S$650 million.

The unit land rate for the new development is S$1,732 per sq ft per plot ratio, and the lease top-up premium is estimated to be S$244 million. The sale order for the new development was granted outline planning permission by the Urban Redevelopment Authority (URA).

The new development will have a mix of commercial and residential units, with the former occupying the podium block and the latter occupying the tower. The commercial units will cater to a variety of tenants, including thrift stores, bookshops, karaoke lounges, and fine art galleries.

The residential units will be available in various sizes and configurations to suit different needs and budgets. They will offer stunning views of the city and be equipped with modern amenities.

Overall, the new development at Peace Centre Singapore promises to be a vibrant and exciting addition to the district 9 landscape. It will be a place where memories are made, and creativity thrives.

Frequently Asked Questions

What are the opening hours for the Peace Centre?

The Peace Centre is open from 10 am to 8 pm daily, including weekends and public holidays. However, it is always best to check with individual shops for their opening hours as they may vary.

Can you tell me where the Peace Centre is located?

The Peace Centre is located at 1 Sophia Road, Singapore 228149. It is situated near Dhoby Ghaut MRT station and is easily accessible by public transport.

What is the Peace Centre well-known for?

The Peace Centre is well-known for being one of Singapore’s oldest shopping malls. It was a popular destination for those looking to print textbooks and materials, and it was also an education hub lined with private schools like Informatics and BMC. In recent years, the mall has undergone a transformation into an artistic hub, fostering a budding community that actively showcases its creativity to the public.

Has the redevelopment of the Peace Centre begun?

Yes, the redevelopment of the Peace Centre has begun. The mall was sold in a joint collective sale to CEL Development, Sing-Haiyi Crystal, and TYJ Group in 2018. The new owners plan to redevelop the site into a modern mixed-use development.

Is there a directory available for the shops in Peace Centre?

Yes, there is a directory available for the shops in the Peace Centre. It is located at the entrance of the mall and provides a comprehensive list of shops and services available.

What are the latest updates on the demolition of the Peace Centre?

The demolition of the Peace Centre is currently underway, and the mall is no longer open to the public. The new development is expected to be completed in the next few years, and it will feature a mix of residential and commercial spaces.