Katong Plaza up for increased sales
In this article (5)
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.
Questions & Answers
Q.What is the anticipated price per square foot per plot ratio for Katong Plaza?
What is the anticipated price per square foot per plot ratio for Katong Plaza?
The expected sale price of S$188 million for Katong Plaza translates to S$1969 per square foot per plot ratio. This figure helps assess the value of the land for potential developers.
Q.When is the deadline for submitting public tenders for Katong Plaza?
When is the deadline for submitting public tenders for Katong Plaza?
The public tender for the collective sale of Katong Plaza is scheduled to close on Saturday next. Interested parties must submit their bids before this date.
Q.What kind of development is Katong Plaza currently, and what could it become?
What kind of development is Katong Plaza currently, and what could it become?
Katong Plaza is currently a mixed commercial and residential development. A successful developer could transform the site, introducing lifestyle cafes and eateries along its Brooke Road frontage.
Q.Who is responsible for marketing the collective sale of Katong Plaza?
Who is responsible for marketing the collective sale of Katong Plaza?
Huttons Asia is the sole marketing agent handling the collective sale of Katong Plaza. Their investment sales team is managing the process and public tender.
Reader pulse
What's your take on the Katong Plaza sale?
19,454 votes so far
Tags