Third launch for Katong Plaza collective sale

THE collective sale for Katong Plaza has been launched for the third time via public tender at an unchanged asking price of S$188 million, marketing agent Huttons Asia said on Thursday.

This translates to a land rate of S$1,947 per square foot (psf) per plot ratio, after factoring an estimated development charge of S$10.8 million.

This is the second en bloc exercise for the mall, and third launch after obtaining an outline planning permission for hotel use on Sept 11 from the Urban Redevelopment Authority (URA).