Freehold Katong Plaza up for collective sale at $188m

The expected price translates to $1,969 per square foot per plot ratio.

Freehold Katong Plaza is set to be launched for collective sale on June 7, with a $188m expected price or $1,969 per square foot per plot ratio, according to sole marketing agent Huttons Asia.

The mixed commercial and residential development has a land area of 34,044 sq ft with a gross plot ratio of 3.0, and can yield a possible 102,133 sq ft of gross floor area after redevelopment, Huttons Asia's head of investment sales Terence Lian said.

Also read: Spanish Village in Farrer Road up for en bloc sale at $882m

It is located 120 metres away from the future Marine Parade MRT station, and is in the vicinity of a number of schools including Tao Nan School, Haig's Girls' School, CHIJ (Katong) Primary and Tanjong Katong Primary School.

"Katong Plaza is strategically nestled within an established F&B (food and beverage) and retail belt in the heart of Katong. We see a huge potential for the site to be transformed as the successful developer could introduce lifestyle cafes and eateries along the plot's existing 150 m frontage along Brooke Road," said Huttons Asia's deputy head of investment sales Angela Lim.

The public tender for Katong Plaza closes at 2pm on July 16.

Photo from Huttons Asia

Also Read

Commercial redevelopment site on Orchard Road for sale for $438m

Marina Bay Sands targets 2029 completion for major expansion

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit