Since its launch in February 2006 as a part of the Quayside Assortment—a waterfront life-style precinct alongside W Singapore lodge and The Residences at W Sentosa Cove—Quayside Isle has served as the one eating and retail providing inside luxurious Sentosa Cove.
Almost 20 years later, proprietor Metropolis Developments Restricted (CDL) has positioned the asset available on the market. The sale comes as a part of CDL’s ongoing capital recycling technique, following earlier divestments of non-core property.
Desk of contents
Sale particulars
The waterfront retail asset at 31 Ocean Approach is offered with a information value of S$111 million (~S$2,515 psf) and is open to each native and international patrons. The sale is being run as an Expression of Curiosity (EOI), which concludes on 15 October 2025 at 3 p.m.
Website options
| Element | Description |
|---|---|
| Asking value | S$111 million (approx. S$2,515 psf) |
| Website measurement | 89,683 sq ft |
| Internet lettable space | 44,121 sq ft |
| Parking | 78 basement areas |
| Zoning & duties | Business zoning; no ABSD or SSD |
Quayside Isle spans a web site space of about 89,683 sqft with an estimated 44,121 sqft of web lettable space, and over 200 metres of uninterrupted marina frontage. The event includes two blocks: one single-storey and one double-storey. It features a basement automobile park with 78 tons.
Quayside Isle occupies a 99-year leasehold web site with about 80 years remaining. The property is greater than 90% leased, reflecting wholesome demand.
Tenants embrace long-time F&B operators equivalent to Greenwood Fish Market, Mykonos, Sole Pomodoro Trattoria Pizzeria, and Blue Lotus Chinese language Consuming Home. Different eating places embrace Miska (Mediterranean), Gin Khao (Thai), Two Cooks Bar (Mexican and Italian), and Sabio by the Sea (Spanish grill and tapas). Newer additions like Widespread Man Espresso Roasters and Rock Bar Burger and Steakhouse add to its enchantment, alongside life-style tenants equivalent to The Culinary Academy, a dance studio, and a martial arts faculty.
Non-F&B tenants have additionally performed a task in constructing the enclave’s character, with long-standing operators together with Hera Magnificence hair salon, Jason’s Deli, Quayside Isle Preparatory Faculty, and Straits Wine Firm.
As a business asset, the property is on the market to native and international purchasers with no Further Purchaser’s Stamp Obligation (ABSD) or Vendor’s Stamp Obligation (SSD) payable.
3
2
2
2
0
1
4
2
3
3
3
4
3
3
3
2
3
3
3
2
Market commentary
Quayside Isle’s worth is intently tied to its catchment of well-heeled residents and the island’s regular circulation of holiday makers. That base is rising stronger once more as tourism recovers.
Singapore welcomed 16.5 million worldwide guests in 2024, a 21% leap from the yr earlier than. Singapore Tourism Board stats present that receipts hit S$22.4 billion final yr, setting a brand new report. This backdrop makes life-style retail property tied to tourism extra engaging to traders.
On the identical time, URA’s newest figures counsel that the retail market is regular however selective. In Q2 2025, rents for retail area rose 0.9%, reversing a small dip in Q1, whereas costs barely moved up simply 0.1%. The islandwide emptiness fee edged as much as 7.1%, as more room got here onto the market than was taken up. In plain phrases, demand hasn’t disappeared, however it’s concentrating in essentially the most distinctive and well-located property.
The timing for the sale additionally aligns with CDL’s wider capital divestments. CDL’s most up-to-date transfer was the sale of a 50.1% stake in South Seaside mixed-use growth, to IOI Properties for an estimated S$834 million.
This divestment is among the largest in its latest portfolio and highlights CDL’s intent to “crystallise distinctive worth” and redeploy capital towards higher-yielding alternatives. Promoting Quayside Isle now is smart given the bettering tourism backdrop and regular hire atmosphere.
Michael Tay, deputy managing director and head of capital markets at CBRE Singapore, notes that Quayside Isle’s robust occupancy and regular rental stream make it engaging for traders searching for instant revenue stability. The asset additionally presents room for progress by means of “rental reversion, repositioning of tenants, and optimisation of its gross ground space”, topic to the required approvals.
Sentosa’s progress trajectory
Sentosa has lengthy been one in all Singapore’s prime leisure and tourism locations, attracting each locals and worldwide guests year-round. Its enchantment is additional strengthened by high-profile occasions such because the Singapore Yacht Present, worldwide regattas, and golf tournaments at Sentosa Golf Membership.
The island’s leisure and hospitality choices proceed to develop, with Resorts World Sentosa’s $6.8 billion RWS 2.0 growth introducing over 700 lodge rooms, the upcoming luxurious Laurus lodge, and new eating and life-style ideas just like the Weave advanced.
Sights such because the Singapore Oceanarium, Minion Land at Common Studios Singapore, and the soon-to-open Tremendous Nintendo World, alongside the 30,000 sqm Sensoryscape experiential attraction, reinforce Sentosa’s place as a premier leisure hub.
Quayside Isle’s waterfront location and place because the solely waterfront retail hub within the enclave, can also be tied to Sentosa’s broader transformation. Ongoing initiatives equivalent to Resorts World Sentosa’s RWS 2.0 growth and the Sentosa–Brani Grasp Plan are anticipated to spice up tourism and occasions site visitors, supporting long-term rental and capital appreciation for the mall.
The put up Sentosa Cove’s solely waterfront retail hub, Quayside Isle, launched on the market at S$111 million appeared first on .
