For Hotel Development, Katong Plaza has all the necessary requirement. That is the reason why URA approve “Hotel Use” for this freehold site.
In the official statement, the marketing agents further stressed on the fact that Katong Plaza is advantageously located in a retail area with several food & beverage outlets in the vicinity.
The Marine Parade MRT station which is little more than 100 meters away offers good access to from Raffles Place MRT and other places of business and tourist interest.
Amenities like East Coast Park, Katong Shopping Centre, 112 Katong and Parkway Parade are close to the future hotel site
The Amazing Wonderful Jewel @ Changi will be open in April 2019 which is only few mins drive away from the freehold site. Apart from that, Central Business District, Singapore Sports Hub and Marina Bay can be reach in few mins.
Furthermore, a Hotel Site full of amenities and attractions around as well as close proximity to Changi Airport is an advantage, usually tourists prefer choice.
With the property’s excellent location and its freehold status, these are factors that bound to attract developers or investors.
Katong Plaza’s tender shall close on the 9th of April at 3:00 PM.