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, Katong V, Roxy Square, as well as several hotels, such as Village Hotel Katong and the Grand Mercure Roxy Hotel. The aging mall was once home to a bowling center on the 7th floor and 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 sale. 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 an en bloc sale, 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 sale.[citation needed]
In June 2016, there was another attempt at an en bloc sale at a total of $630 million.[4]
Gallery
Facade of Katong Shopping Centre facing The Odeon Katong
Facade of Katong Shopping Centre
Katong Shopping Centre in 2011
References
^Gwee, Elizabeth (15 January 1998). "Back to the future for aging malls". The Straits Times.
^Wei, Tan Dawn (12 January 2010). "Ageing malls going for en bloc sale". The Straits Times.
