i12 Katong
i12 Katong, formerly Katong Mall and Katong People's Complex, is a seven-storey shopping mall in the east of Singapore located at the intersection of East Coast Road and Joo Chiat Road. The mall opened in November 2011.
 Katong Mall, before its transformation to i12 Katong. | |
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| Location | Joo Chiat, Singapore |
|---|---|
| Coordinates | 1.305018°N 103.905149°E |
| Address | 112 East Coast Road |
| Opening date | November 2011 |
| Management | Perennial (Singapore) Retail Management Pte. Ltd. |
| Owner | Alpha Investment Pte Ltd |
| No. of stores and services | 160 tenants |
| Total retail floor area | 207,000 square feet (19,200 m2) |
| No. of floors | 7 |
| Website | 112katong |
History
Completed in late 1983 as Katong People's Complex, it had an exterior facade resembling a prison cell, such as having exposed blue pipes. It was a strata titled mall back then, comprising a department store and various shops and eateries. There are also numerous medical clinics inside the mall.
In 1995, the facade was revamped and the mall was renamed Katong Mall. The department store was replaced by Cold Storage supermarket, and various education centres occupied the upper floors of the mall. The mall's basements contained an electronics store and various strata titled units.
In 2009, because of bad business, Pua Seck Guan, former chief executive of CapitaLand Retail, bought Katong Mall in a $247.55 million deal as part of an en bloc sale. A private trust called Perennial Katong Retail Trust was subsequently formed to buy the mall from Tuan Sing Holdings' Golden Cape Investment. The trust's investors included corporate and institutional investors and Pua.
The mall closed its doors in mid 2010 for a major makeover, to help revitalize the mall. When it reopened as 112 Katong in late 2011, it featured a Peranakan theme, as a reminder of its location. The mall also featured a cinema, a food court, a gourmet supermarket, banks and more than 150 specialty shops. It also featured a wet and dry playground on the fourth floor.
In early 2016, Keppel Land acquired a 22.4% stake in the mall from the owners at $51.4 million. In May 2016, plans were announced to redevelop the play deck on the fourth floor into an alfresco dining area. There are plans for a non-profit organisation to take up space in the mall too.
In December 2018, Keppel Land acquired the remaining 77.6% stake of the mall from the subsidiary of Alpha Asia Macro Trends Fund at the price of $56.6m.[1]
The mall is closed in March 2020 for extensive revitalization works and is slated to reopen in 2021, in order to "capture the charm and character of Katong" [2]
References
- "Keppel pays S$56.6m to buy rest of shopping mall I12 Katong it does not own". Retrieved 8 February 2019.
- "Katong I12 Mall Will Close Temporarily From Mar 2020 For Upgrades, To Reopen 2021". Retrieved 25 December 2019.
