The Business Times
business-time-50

Fragrance Group buys Katong Plaza for S$180 million 

This translates to a land rate of S$1,809 per square foot per plot ratio

Jessie Lim

Jessie Lim

Published Wed, Oct 2, 2024 · 01:59 PM
    • Katong Plaza has been granted outline permission from the Urban Redevelopment Authority to convert it for hotel use.
    • Katong Plaza has been granted outline permission from the Urban Redevelopment Authority to convert it for hotel use. PHOTO: BT FILE

    KATONG Plaza has been sold for S$180 million to Fragrance Group, according to market sources. 

    This translates to a land rate of S$1,809 per square foot per plot ratio (psf ppr) for the freehold site in District 15. 

    The deal was brokered by Terence Lian, Huttons Asia’s head of investment sales. Lian declined to confirm the identity of the buyer. 

    Collective saleHotels

    TRENDING NOW

    Tuas Port began operations in September 2022 and will continue to grow in phases towards its completion in the 2040s.

    Green fuels, autonomous ships: How Singapore is future-proofing its shipping industry

    US Trade Representative Jamieson Greer said he did not want to prejudge the outcome of a pending Section 301 investigation into China’s trade practices.

    US trade chief to consider trade deal tariff caps in excess capacity probe

    From shy teenager to outspoken philanthropist, Chloe Tong has come a long way.

    Grab CEO’s wife Chloe Tong on life with Anthony Tan and finding her purpose

    Ang’s San Miguel holds nearly 25% of Luzon’s installed capacity and Lopez’s First Gen accounts for 12%.

    Deal between tycoon friends sparks scrutiny of Philippine power sector

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More