SINGAPORE: Katong Shopping Centre has made another attempt at collective sale, at an indicative price of S$638 million , said real estate firm Edmund Tie in a news release on Monday .
On the previous two occasions in 2016 and 2017 - both handled by Cushman & Wakefield - the reserve price was set at S$630 million. Under Master Plan 2019, Katong Shopping Centre is zoned for commercial and residential use at a gross plot ratio 3.0. The site can be redeveloped into a landmark integrated development at its existing plot ratio of 3.223, with the option of converting the residential component into serviced apartments, subject to authorities’ approval.
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