Katong Plaza relaunched for collective sale at $188 mil

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/ EdgeProp
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March 6, 2019 4:39 PM SGT
Katong Plaza (Credit: Huttons Asia)
Katong Plaza has been relaunched for collective sale at the same asking price of $188 million, or $1,968 psf per plot ratio. The price includes a development charge of $13 million.
Katong Plaza is zoned for commercial and residential use, and has obtained approval from URA for hotel use, at a gross plot ratio of 3.0. It occupies a site of 34,044 sq ft, and has a maximum gross floor area of 102,133 sq ft, which can yield up to 300 hotel rooms, each at a size of 215 sq ft.
Huttons Asia is marketing the property.
Marine Parade MRT Station, slated for completion in 2023, is four minutes away from Katong Plaza by foot.
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The tender for Katong Plaza closes on April 9 at 3pm.