On Sunday, Keppel Corp announced that Keppel Land has acquired a 22.4 per cent stake in 112 Katong mall from BHG, Imagine Properties and Perennial Singapore Investment for S$51.4 million.
Its fund management vehicle, Alpha Investment Partners also hold the remaining 77.6 per cent stake via Alpha Asia Macro Trends Fund. Keppel Land Retail Management will be appointed as the retail manager for the mall.
CEO of Keppel Land Ang Wee Gee said the property management company will focus on strengthening 112 Katong’s positioning as a lifestyle and dining destination in the East.
Here are the locations and artist’s impressions of the respective stations along the latest MRT line. (Source: LTA)
Part 2: Marine Parade, Marine Terrace and Siglap
This is also known as District 15 of Singapore housing areas. Being close to Airport, CBD and East Coast Park, it is a value choice for expats and those who loved waterfront stays, as well as close proximity to town. Popular Shopping Haunts include evergreen Parkway Parade, Roxy Square (I and II), i!2 Katong Mall and Marine Parade/Marine Terrace Neighbourhood hub. Popular Condos in the areas include Cote d’Azur, Silversea, The Seaview, D’ecosia, Mandarin Gardens, The Esta, and Parc Seabreeze.