112 Katong owners evaluating offers; mall expected to fetch S$500m
Local as well as overseas parties have expressed interest for the mall owned by Alpha Asia Macro Trends Fund and Keppel Land
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Kalpana Rashiwala
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Singapore
KEPPEL Group has put 112 Katong, a mall at the junction of East Coast Road and Joo Chiat Road, on the market. The property is expected to fetch around S$500 million.
The Business Times understands that a private expressions of interest exercise is being conducted for the sale by property consulting groups CBRE and JLL on behalf of the mall's owners Alpha Asia Macro Trends Fund (AAMTF) and Keppel Land.
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