CapitaMall Trust

[swakoo]

Seriously...Is Hougang Plaza worth so much?

6 years ago,

Hougang Plaza Granted Outline Planning Permission to Increase Plot Ratio from 1.4 to 3.0

We are pleased to announce that the Urban Redevelopment Authority has granted CMT an Outline Planning Permission to increase the plot ratio of Hougang Plaza from 1.4 to 3.0 for full residential development or mixed development. The current Gross Floor Area (“GFA”) of approximately 79,648 square feet (“sq ft”) will be increased to approximately 171,141 sq ft. In view of this approval, CMTML will re-evaluate the proposed asset enhancement plans for Hougang Plaza, so as to maximise returns to Unitholders.

http://capitamall.listedcompany.com/news...elease.pdf

Recent success of Bedok Residences, Punggol Watertown and Katong Regency must have helped.