Retail mall i12 Katong to reopen in 4Q2021
Retail mall i12 Katong is set to reopen in 4Q2021, promising the public the addition of “dynamic new retail tenants, a modernised interior and upgraded amenities”.
The new mall will showcase three new specially curated zones and platforms for social engagement to foster a sense of community. It will also boast a new retail concept that will “enhance mall circulation”, with changes to the floor layout and atrium space, says the developer, Keppel Land.
To date, i12 Katong, which fronts the intersection of East Coast Road and Joo Chiat Road, is about 50% pre- leased, with anchor tenants such as CS Fresh, Golden Village, United World Preschool and Wine Connection, which were old tenants of the mall before it was closed for renovations. New names at the mall include Climb Asia, Guzman Y Gomez, Kindermusik With Love Studios, Malaysia Boleh, PS Café, Signature Koi, We are Sultans and Scoop Wholefoods.
“At Keppel Land, our vision is to be a leader in redefining urban spaces for a sustainable future. In line with this, i12 Katong will be a showcase of new retail concepts developed through a design- thinking process which will add new dimensions beyond the conventional role of malls and alleviate physical space constraints,” says Keith Low, head of retail at Keppel Land.
“This is key in our strategy as we continue to participate in the transformation of retail in Singapore as well as in our other key markets of China and Vietnam,” he adds. park that can accommodate 105 vehicles. It is within walking distance to Telok Ayer MRT Station and Tanjong Pagar MRT Station.
Recent strata office transactions within GB Building include the units on Level 7, which were sold for $9.5 million or $ 1,751 psf in November 2020, says Knight Frank.
Meanwhile, the office unit in Suntec Tower 1 that is up for sale spans 3,498 sq ft of strata area at Level 15. Suntec Tower 1 is part of the Suntec City integrated development, which consists of five Grade- A office towers, a mall and a convention and exhibition centre.
Recent strata office transactions within Suntec Tower 1 include a unit on Level 21 that was sold for $ 11.3 million or $ 2,900 psf in February this year, and another unit located on Level 37 of Suntec Tower 2 that was sold $ 8.68 million or $ 2,965 psf in January, Knight Frank says.
Both locals and foreigners are eligible to purchase the assets, which are zoned for commercial use. There will be no additional buyer’s stamp duty or seller’s stamp duty imposed on the purchase of the properties.
The expression of interest exercise for both office units will close on May 20, at 3pm.