The Business Times
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Katong Park Towers put up for en bloc sale with S$288m reserve price

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Published Wed, Jan 31, 2018 · 09:50 PM

    Singapore

    KATONG Park Towers has been put up for collective sale with a reserve price of S$288 million or about S$1,165 per square foot per plot ratio (psf ppr), according to Cushman & Wakefield, the appointed agent for the property.

    The minimal development charge for the site is about S$5.6 million for the additional 10 per cent bonus balcony and an estimated lease upgrading premium of some S$51 million, Christina Sim, director of capital markets at Cushman & Wakefield, said on Wednesday.

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