Keppel Corporation Limited sold i12 Katong for SGD 372.03 million | Lianhe Zaobao
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Keppel Corporation sold the i12 Katong mall located on the East Coast for SGD 372.03 million, with the transaction expected to be completed in the second quarter. The buyer is Singapore real estate investment company Altallo Holdings, and the deal includes three payments, with part of the funds used to repay loans provided by Keppel's subsidiary to Katong Retail Trust. Since October 2020, Keppel has announced the divestment of assets worth a total of SGD 14.9 billion
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