ERA APAC Centre

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ERA APAC Centre
Toa Payoh Entertainment Centre, Aug 06.JPG
Toa Payoh Entertainment Centre (currently ERA APAC Centre) in 2006
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Former names
  • Toa Payoh Theatre
  • Toa Payoh Entertainment Centre
  • ERA Centre
  • Hersing Centre
General information
StatusCompleted
Location Toa Payoh, Singapore
Address450 Lorong 6 Toa Payoh, Singapore 319394
Country Singapore
Coordinates 1°19′54.0″N103°50′57.8″E / 1.331667°N 103.849389°E / 1.331667; 103.849389
Named forERA Realty Network Pte Ltd
APAC Realty Ltd
Construction started1971
OpenedMay 1972
Owner Eng Wah Organisation (former)
Hersing Corporation Pte Ltd (former)
APAC Realty
Technical details
Floor count4
Known forOne of the two former movie theatres in Toa Payoh, Singapore
Other information
Number of stores20

ERA APAC Centre, formerly known as Toa Payoh Theatre, Toa Payoh Entertainment Centre, Hersing Centre, ERA Centre, is a mixed-use development complex and former entertainment centre in Singapore. It is located near Toa Payoh Bus Interchange and Toa Payoh MRT station, beside HDB Hub and Orange Tee Building.

Contents

History

Toa Payoh Theatre was one of two cinemas opened for Toa Payoh HDB estate by Eng Wah Organisation in the 1970s, the other being the Kong Chian Cinema which was located near the Toa Payoh Branch Library. [1]

It was then being upgraded to the Toa Payoh Entertainment Centre in November 1997 to serve as a leisure space for Toa Payoh residents. The entertainment centre contained three levels, with food restaurants, arcades and Eng Wah ticketing booths occupying the first two levels.

Redevelopment

On 9 December 2010, the cinema ceased operation together with another Eng Wah's Jubilee Entertainment Centre and was later renovated and converted into a simple shopping mall while the former cinema halls became a large, joint row of shops.

In February 2011, Eng Wah sold the entertainment centre to Hersing Pte Ltd for $66 million, and it was subsequently renamed as ERA Centre. [2]

The centre was once again renamed as the Hersing Centre, before it was put up on sale again on 2 November 2015, with an indicative price around S$78 million. [3]

In 2018, the centre was acquired by a real estate brokerage APAC Realty under the ERA for S$72.8 million and renamed again as ERA APAC Centre, to serve as ERA Asia Pacific's new headquarters. [4] Space not used by ERA was leased to other retail stores. [4]

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References

  1. ↑ "Show films for all" . Retrieved 7 June 2018.
  2. ↑ "Hersing acquires Toa Payoh Entertainment Centre for $66m". The Edge Singapore. Archived from the original on 4 February 2013. Retrieved 15 June 2012.
  3. ↑ Tan, Angela (2 November 2015). "Hersing Centre at Toa Payoh on sale, indicative price about S$78 million". The Business Times.
  4. 1 2 Lee, Marissa (5 June 2018). "APAC Realty to acquire new HQ in Toa Payoh for S$72.8m". The Business Times. Retrieved 26 December 2018.
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