Katong Shopping Centre

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Katong Shopping Centre
KatongShoppingCentreFacade.JPG
LocationKatong, Singapore
Coordinates1°18′14″N 103°53′56″E / 1.3039°N 103.8989°E / 1.3039; 103.8989Coordinates: 1°18′14″N 103°53′56″E / 1.3039°N 103.8989°E / 1.3039; 103.8989
Address865 Mountbatten Road, Singapore 437844
Opening date1973; 48 years ago (1973)
ManagementSavills Property Management
No. of stores and servicesMore than 300
No. of anchor tenants3
Total retail floor area90,000 square feet (8,400 m2)
No. of floors7
Websitekatongshoppingcentre.com

Katong Shopping Centre (Chinese: 加东购物中心) is a shopping centre located along Mountbatten Road in Singapore. Established in 1971 and opened to the public in 1973, it was the first air-conditioned mall in Singapore. Katong Shopping Centre is situated around Odeon Theater, Church of the Holy Family, and Roxy Square, as well as several hotels, such as Paramount Hotel and the Grand Mercure Roxy Hotel. The aging mall was once home to mostly textile, shoe and food outlets,[1] and now houses many services which include tailoring, photocopying/printing and several employment agencies.

History[]

In mid January 2010, 80% of the 410 owners gave their approval to the en bloc sales. Owners were expected to receive a reserve price of at least $2000 per sq ft.[2]

In August 2011, the mall embarked on its first attempt at en bloc sales, slated to be completed in mid-2012. But the $445 million deal fell through. Back then, the apportioned value to each owner was an average of $2,000 to $2,800 per square foot.[3]

As of June 2014, there was a second attempt to have an en bloc sales.[citation needed]

Gallery[]

References[]

  1. ^ Gwee, Elizabeth (15 January 1998). "Back to the future for aging malls". The Straits Times.
  2. ^ Wei, Tan Dawn (12 January 2010). "Ageing malls going for en bloc sale". The Straits Times.
  3. ^ "Katong Shopping Centre second shot at En Bloc". Channel NewsAsia. 26 June 2014. Retrieved 27 June 2014.

External links[]

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