{"id":3065,"date":"2023-07-24T15:52:13","date_gmt":"2023-07-24T07:52:13","guid":{"rendered":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/?p=3065"},"modified":"2024-01-10T21:26:04","modified_gmt":"2024-01-10T13:26:04","slug":"katong-shopping-centre-relaunches-collective-sale-with-unchanged-s638-million-reserve-price","status":"publish","type":"post","link":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/katong-shopping-centre-relaunches-collective-sale-with-unchanged-s638-million-reserve-price\/","title":{"rendered":"Katong Shopping Centre relaunches collective sale with unchanged S$638 million reserve price"},"content":{"rendered":"<div class=\"group w-full text-gray-800 dark:text-gray-100 border-b border-black\/10 dark:border-gray-900\/50 bg-gray-50 dark:bg-[#444654] sm:AIPRM__conversation__response\">\n<div class=\"flex p-4 gap-4 text-base md:gap-6 md:max-w-2xl lg:max-w-[38rem] xl:max-w-3xl md:py-6 lg:px-0 m-auto\">\n<div class=\"relative flex w-[calc(100%-50px)] flex-col gap-1 md:gap-3 lg:w-[calc(100%-115px)]\">\n<div class=\"flex flex-grow flex-col gap-3\">\n<div class=\"min-h-[20px] flex items-start overflow-x-auto whitespace-pre-wrap break-words flex-col gap-4\">\n<div class=\"markdown prose w-full break-words dark:prose-invert light AIPRM__conversation__response\">\n<p>FREEHOLD Katong Shopping Centre is back on the market for collective sale at its original reserve price of S$638 million, following a failed en bloc bid in May. This is the fourth attempt by the owners to sell the property, which was initially listed for sale in 2016 and 2017 at S$630 million. The current reserve price translates to a land rate of S$2,277 per square foot per plot ratio (psf ppr) over its existing gross floor area (GFA), according to marketing agent Edmund Tie &amp; Company.<\/p>\n<p>Located in District 15, the shopping centre sits on a corner land plot covering 86,924 square feet (sq ft) and has dual road frontage along Mountbatten Road and Haig Road. With a gross plot ratio (GPR) of 3.223, the site allows for a total GFA of approximately 280,000 sq ft.<\/p>\n<p>The mixed-use development consists of a seven-storey podium block and a five-storey annex block, housing a total of 425 strata shop and office units, along with a privately-held carpark on levels 3 and 4.<\/p>\n<p>Under the Master Plan 2019, Katong Shopping Centre is zoned for commercial and residential use with a GPR of 3.0, presenting an attractive investment opportunity for potential buyers looking to leverage its prime location and development potential.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>FREEHOLD Katong Shopping Centre is back on the market for collective sale at its original reserve price of S$638 million, following a failed en bloc bid in May. This is the fourth attempt by the owners to sell the property, which was initially listed for sale in 2016 and 2017 at S$630 million. The current [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3066,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-3065","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-property-news"],"_links":{"self":[{"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/posts\/3065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/comments?post=3065"}],"version-history":[{"count":2,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/posts\/3065\/revisions"}],"predecessor-version":[{"id":3068,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/posts\/3065\/revisions\/3068"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/media\/3066"}],"wp:attachment":[{"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/media?parent=3065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/categories?post=3065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thejalantembusu.sg\/emeraldofkatong\/wp-json\/wp\/v2\/tags?post=3065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}