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112 Katong, formerly Katong Mall,[1] is a 7 storey shopping mall in the east of Singapore located at the intersection of East Coast Road and Joo Chiat Road. The mall opened on 18 November 2011.

HistoryEdit

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 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 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.

112 Katong housed high-end Danish furniture store BoConcept after it relocated from Devonshire Road. Cortina Watch which previously has only downtown outlets became the first luxury-watch retailer to have a presence in a suburban mall.[2]


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