SINGAPORE: Katong Shopping Centre has been put up for collective sale at S$638 million , real estate consultancy Edmund Tie said in a news release on Tuesday .
The existing building currently comprises a 7-storey podium block and a 5-storey annex block, accommodating a total of 425 strata shop and office units, and a privately held carpark. The total gross floor area of the development is approximately 280,000 sq ft, reflecting a gross plot ratio of 3.223. The guide price of S$638 million translates to S$2,277 per square foot per plot ratio over its existing gross floor area.
Edmund Tie's head of investment advisory Swee Shou Fern said:"The amenity-rich East Coast precinct has been one of the most desirable residential enclaves in Singapore and Katong Shopping Centre presents a rarely available freehold mixed-use redevelopment opportunity in this vicinity.
Strange thing is … they just upgraded a food court, some shops are looking for new tenants and they even re-painted the parking lot demarcations (which is fantastic btw)!
Please do not demolish it. Preserve its architectural form. Brutalist architecture here is a vernacular, localised phenomenon that broke new ground for the region, and saw SG through its toughest decades. A sense of home and identity, is inextricably tied to a sense of place.