Keppel Group has put 112 Katong, a mall in Katong/Joo Chiat area, up for sale, expecting offers around $500M. The mall, which is on a site balance of 61 years, has NLA of 207,160 sqft of retail space, plus 300 plus car park lots in the basement. The mall was first put in the market in April, with an asking price of $559M. The occupancy rate is 84%, with some units left vacant for possible refurbishment.
Shopping is hip in Katong. Don’t need to dress up elaborately as if you are to shop in Orchard. Here are shops aplenty in your casual and smart casual wear. From the evergreen of Parkway Parade to the new mall of i12 Katong mall, Katong is home to some of the most notable shopping belts in the east. Niche malls like Leisure Park and neighborhood shopping centers like Roxy Square, Katong Shopping Centre, and East Coast Shophouses provide via ours options as well. One value-add for guys is you can get a haircut with wash option for $16 or lesser in a hair salon.
Katong Shopping Centre