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

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, di…