---
title: "Keppel Corporation Limited sold i12 Katong for SGD 372.03 million | Lianhe Zaobao"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283629258.md"
description: "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"
datetime: "2026-04-22T09:02:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283629258.md)
  - [en](https://longbridge.com/en/news/283629258.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283629258.md)
---

# Keppel Corporation Limited sold i12 Katong for SGD 372.03 million | Lianhe Zaobao

Keppel has sold the i12 Katong mall located on East Coast for SGD 372.03 million, with the transaction expected to be completed in the second quarter.

Keppel announced on Wednesday (April 22) that the company sold its entire stake in PRE 1 Investments, which indirectly owns the i12 Katong mall through Katong Retail Trust.

The buyer is Singapore real estate investment company Altallo Holdings. Altallo will make payments in three installments, including approximately SGD 30 million for the acquisition of the mall's equity, and SGD 372 million to repay a loan provided by another Keppel subsidiary to Katong Retail Trust.

Keppel began its asset monetization plan in October 2020, and including the i12 Katong transaction, Keppel has announced the sale of assets worth a total of SGD 14.9 billion.

#### Further Reading

Keppel sells all shares in Hai Ting, cashing out SGD 429 million Keppel secures SGD 600 million new contracts for decarbonization and sustainability, stock price rises 0.65%

i12 Katong is located at 112 East Coast Road, has five floors, and three basement levels, with a total leasable area of 211,950 square feet.

The mall was launched on the market last November seeking buyers, with an asking price of SGD 350 million, lower than the SGD 470 million offered to buyers a few years ago.

As of the end of January this year, the mall's committed occupancy rate was 96%, with tenants including a cold storage supermarket, Cathay Cineplexes, and SG Hawker After the announcement, Keppel Corporation's stock price performed well. As of 3 PM on Wednesday, the stock price rose by 0.42% to SGD 12.04

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