COMMERCIAL PROPERTY | Staff Reporter, Singapore

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.

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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

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