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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. 

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