{"id":90608,"date":"2018-06-06T10:56:20","date_gmt":"2018-06-06T03:56:20","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-plaza-in-district-15-goes-en-bloc-with-188m-price-tag\/"},"modified":"2018-06-06T11:02:53","modified_gmt":"2018-06-06T04:02:53","slug":"katong-plaza-in-district-15-goes-en-bloc-with-188m-price-tag","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-plaza-in-district-15-goes-en-bloc-with-188m-price-tag\/","title":{"rendered":"Katong Plaza in District 15 goes en bloc with $188m price tag"},"content":{"rendered":"


\nThe freehold development is located close to the future Marine Parade MRT station, various schools and East Coast Park. (Photo: Huttons Asia)
\nKatong Plaza, a mixed commercial and residential development along Brooke Road in District 15, will be put up for collective sale on Thursday (7 June) with a price tag of $188 million.
\nMarketing agent Huttons Asia noted that the asking price works out to a land rate of $1,969 psf per plot ratio, after factoring in the development charge payable, reported the Business Times.
\nMore: Developers\u2019 En Bloc Appetite Diminishing: RHB
\nCompleted in 1983, the freehold development comprises 14 units. It sits on a 34,044 sq ft site which has a gross plot ratio of 3.0. Terence Lian, head of investment sales at Huttons Asia, believes the site could yield about 102,133 sq ft of gross floor area (GFA) following redevelopment.
\nThe site is 120m away from the future Marine Parade MRT station, with nearby amenities including Parkway Parade, I12 Katong and East Coast Park. It is also within the vicinity of various schools such as Haig\u2019s Girls\u2019 School, Tao Nan School, Tanjong Katong Primary School and CHIJ (Katong) Primary.
\nBased on the Urban Redevelopment Authority\u2019s guidelines, at least 60 percent of the GFA in the new development will be zoned residential and the other 40 percent for commercial use.
\nHowever, the winning developer may choose to increase the residential use of the new development to 80 percent under the present master plan zoning, but subject to approval from URA, explained Angela Lim, deputy head of investment sales at Huttons Asia.
\n\u201cKatong Plaza is strategically nestled within an established F&B (food and beverage) and retail belt in the heart of Katong. We see a huge potential for the site to be transformed as the successful developer could introduce lifestyle cafes and eateries along the plot\u2019s existing 150m frontage along Brooke Road,\u201d he said.
\n\u201cWe envisage Brooke Road to form a vibrant weather-friendly thoroughfare lined with alfresco dining and activities that would help seamlessly link up the Katong\/Joo Chiat area with the future Marine Parade MRT station.\u201d
\nThe tender for Katong Plaza closes on 16 July.
\nLearn more about the East Coast\/Marine Parade area and search for properties to buy or rent.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Katong Plaza in District 15 goes en bloc with 8m price tag<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The freehold development is located close to the future Marine Parade MRT station, various schools...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-90608","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-nzq","jetpack-related-posts":[{"id":104889,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/selegie-centre-sold-en-bloc-for-120m\/","url_meta":{"origin":90608,"position":0},"title":"Selegie Centre sold en bloc for $120m","date":"March 11, 2019","format":false,"excerpt":"\r Katong Plaza, another mixed-use development, has been relaunched for en bloc sale at an asking price of $188 million ($1,968 psf ppr). Mixed-use development Selegie Centre has finally been sold at its $120 million reserve price, or $1,942 psf per plot ratio (psf ppr), following two failed en bloc\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":93189,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/two-small-condo-projects-up-for-en-bloc-sale\/","url_meta":{"origin":90608,"position":1},"title":"Two small condo projects up for en bloc sale","date":"July 5, 2018","format":false,"excerpt":"\r The 12-unit Jansen Mansion along Jansen Road sits on a 16,592.55 sq ft site. (Photo: Huttons Asia) Two small condo developments \u2013 Jansen Mansion and Blossom Mansions \u2013 have joined the collective sale bandwagon, carrying a price tag of $22 million and $32.8 million respectively, revealed marketing agent Huttons\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":94929,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/katong-plaza-fortune-park-extend-tender-closing-dates\/","url_meta":{"origin":90608,"position":2},"title":"Katong Plaza, Fortune Park extend tender closing dates","date":"July 28, 2018","format":false,"excerpt":"\r The freehold Katong Plaza is located close to the future Marine Parade MRT station, various schools and East Coast Park. (Photo: Huttons Asia) The introduction by the government of its latest round of property cooling measures saw several en bloc hopefuls extending their tender closing dates, with Katong Plaza\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":109476,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/watten-estate-condominium-up-for-en-bloc-sale-for-536m\/","url_meta":{"origin":90608,"position":3},"title":"Watten Estate Condominium up for en bloc sale for $536m","date":"July 30, 2019","format":false,"excerpt":"\r Located at Shelford Road, the condominium is nestled on a sprawling 220,234 sq ft site, which is zoned residential with a gross plot ratio of 1.4 and a total allowable gross floor area of 308,341 sq ft.\u00a0After factoring in the additional buyer\u2019s stamp duty, the development is \u201cattractively priced\u201d\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":91720,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/gloria-mansion-in-district-5-up-for-en-bloc-sale-at-79m\/","url_meta":{"origin":90608,"position":4},"title":"Gloria Mansion in District 5 up for en bloc sale at $79m","date":"June 19, 2018","format":false,"excerpt":"\r The hilltop apartment at Pasir Panjang Road is close to Haw Par Villa MRT station, the West Coast Highway and Ayer Rajah Expressway. (Photo: Huttons Asia) Gloria Mansion, a freehold residential development at Pasir Panjang Road, has been put up for collective sale with a reserve price of $79\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":86623,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/collective-sale-fever-hits-lakeside-towers-jalan-besar-plaza\/","url_meta":{"origin":90608,"position":5},"title":"Collective sale fever hits Lakeside Towers, Jalan Besar Plaza","date":"April 27, 2018","format":false,"excerpt":"\r The owners of Jalan Besar Plaza are expecting $380 million if the sale goes through. This is the freehold development\u2019s fourth en bloc attempt. Lakeside Towers and Jalan Besar Plaza are the latest properties to be put up for en bloc sale, with the owners expecting $30.5 million and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/90608"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=90608"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/90608\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=90608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=90608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=90608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}