Perennial Real Estate Holdings Limited, a Singapore-based developer and manager of mixed-use buildings, is the owner of i12 Katong. The complex was purchased by Perennial Real Estate Holdings Limited in 2017 from Keppel Land, who had previously owned it. Since then, the business has kept investing in the growth and expansion of the mall, turning it into a well-liked hangout for diners and shoppers in the Katong region.