Katong Shopping Centre for sale for $638m

Submission of offers ends on 14 August at 3 pm.

The Katong Shopping Centre at 865 Mountbatten Road in prime District 15 was relaunched for collective sale with the indicative price remaining unchanged at $638m or $2,277 per square foot (sq ft) per plot ratio.

In a statement, Edmund Tie & Company said the Katong Shopping Centre, zoned for Commercial & Residential use, is composed of a seven-storey podium block and a five-storey annex block, on a corner land plot of 86,924 sq ft.

The freehold mixed-use redevelopment property accommodates 425 strata shop and office units, and a privately held carpark on Levels 3 and 4.

ALSO READ: Suburban prime retail market seen to rise by 1.5%-3.5%

It has a total Gross floor area of development of around 280,000 sq ft.

“Katong Shopping Centre offers investors a rarely available sizeable site with the coveted freehold tenure for a mixed-use development; what’s more in the popular and well-established East Coast vicinity,” said Swee Shou Fern, head of Investment Advisory at Edmund Tie.

“Based on an average unit size of 100 sq m (or approximately 1,076 sq ft), the new development can accommodate about 156 residential apartments. Meanwhile, the retail component can feature up to approximately 112,000 sq ft in gross floor area,” she added.

The deadline for submission of offers by interested parties is on 14 August at 3 pm.

Follow the link for more news on

Edmund Tie & Company

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia