Freehold Katong plot could fetch up to $61m
A freehold plot in Katong has been put up for sale – another sign that the property sector is on the rebound.
Analysts expect keen interest for the site at 12 Amber Road, which is sandwiched between condominiums Amber Skye and King’s Mansion. It is near the upcoming Tanjong Katong MRT station that will be on the Thomson-East Coast Line due for completion in 2023.
Marketing agent JLL said that it anticipates offers between $56.6 million and $61 million for the 22,800 sq ft plot.