Katong Plaza relaunched for collective sale at $188 mil

/ EdgeProp
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.
The tender for Katong Plaza closes on April 9 at 3pm.