Katong Plaza up for increased sales

Freehold Katong Plaza is up for collective sale at S$188 million, the expected price translating to $1969 a square foot per plot ratio.

Sole marketing agent Huttons Asia says the mixed commercial and residential development has a land area of 34,044sqft and can yield a possible 102,133sqft of gross floor area after redevelopment.

It is 120m from the future Marine Parade MRT station, says Huttons Asia’s head of investment sales Terence Lian. It is also close to schools.

“Katong Plaza is strategically nestled within an established F&B 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 150m frontage along Brooke Road,” says Huttons Asia’s deputy-head of investment sales Angela Lim.

The public tender for Katong Plaza closes on Saturday next.