{"id":89520,"date":"2025-09-04T20:35:07","date_gmt":"2025-09-04T12:35:07","guid":{"rendered":"https:\/\/www.99.co\/singapore\/insider\/?p=89520"},"modified":"2025-09-04T20:35:07","modified_gmt":"2025-09-04T12:35:07","slug":"quayside-isle-retail-asset-sale","status":"publish","type":"post","link":"https:\/\/www.99.co\/singapore\/insider\/quayside-isle-retail-asset-sale\/","title":{"rendered":"Sentosa Cove&#8217;s only waterfront retail hub, Quayside Isle, launched for sale at S$111 million"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Since its launch in February 2006 as part of the Quayside Collection\u2014a waterfront lifestyle precinct alongside W Singapore hotel and The Residences at W Sentosa Cove\u2014Quayside Isle has served as the only dining and retail offering within luxury Sentosa Cove.<\/p>\n<p>Nearly two decades later, owner City Developments Limited (CDL) has placed the asset on the market. The sale comes as part of CDL\u2019s ongoing capital recycling strategy, following earlier divestments of non-core assets.<\/p>\n<h2>Table of contents<\/h2>\n<ul>\n<li><a href=\"#sale-details\">Sale details<\/a><\/li>\n<li><a href=\"#site-features\">Site features<\/a><\/li>\n<li><a href=\"#market-commentary\">Market commentary<\/a><\/li>\n<li><a href=\"#sentosa\">Sentosa&#8217;s growth trajectory<\/a><\/li>\n<\/ul>\n<h2 id=\"sale-details\">Sale details<\/h2>\n<p>The waterfront retail asset at 31 Ocean Way is presented with a guide price of S$111 million (~S$2,515 psf) and is open to both local and foreign buyers. The sale is being run as an Expression of Interest (EOI), which concludes on 15 October 2025 at 3 p.m.<\/p>\n<h2 id=\"site-features\">Site features<\/h2>\n<figure>\n<div class=\"table-responsive\">\n<table style=\"width: 100%; border-collapse: collapse; border: 1px solid black;\">\n<thead>\n<tr>\n<th style=\"border: 1px solid black; padding: 8px;\">Detail<\/th>\n<th style=\"border: 1px solid black; padding: 8px;\">Description<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border: 1px solid black; padding: 8px;\">Asking price<\/td>\n<td style=\"border: 1px solid black; padding: 8px;\">S$111 million (approx. S$2,515 psf)<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid black; padding: 8px;\">Site size<\/td>\n<td style=\"border: 1px solid black; padding: 8px;\">89,683 sq ft<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid black; padding: 8px;\">Net lettable area<\/td>\n<td style=\"border: 1px solid black; padding: 8px;\">44,121 sq ft<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid black; padding: 8px;\">Parking<\/td>\n<td style=\"border: 1px solid black; padding: 8px;\">78 basement spaces<\/td>\n<\/tr>\n<tr>\n<td style=\"border: 1px solid black; padding: 8px;\">Zoning &amp; duties<\/td>\n<td style=\"border: 1px solid black; padding: 8px;\">Commercial zoning; no ABSD or SSD<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/figure>\n<p>Quayside Isle spans a site area of about 89,683 sqft with an estimated 44,121 sqft of net lettable area, and over 200 metres of uninterrupted marina frontage. The development comprises two blocks: one single-storey and one double-storey. It includes a basement car park with 78 lots.<\/p>\n<p>Quayside Isle occupies a 99-year leasehold site with about 80 years remaining. The property is more than 90% leased, reflecting healthy demand.<\/p>\n<p>Tenants include long-time F&amp;B operators such as Greenwood Fish Market, Mykonos, Sole Pomodoro Trattoria Pizzeria, and Blue Lotus Chinese Eating House. Other restaurants include Miska (Mediterranean), Gin Khao (Thai), Two Chefs Bar (Mexican and Italian), and Sabio by the Sea (Spanish grill and tapas). Newer additions like Common Man Coffee Roasters and Rock Bar Burger and Steakhouse add to its appeal, alongside lifestyle tenants such as The Culinary Academy, a dance studio, and a martial arts school.<\/p>\n<p>Non-F&amp;B tenants have also played a role in building the enclave\u2019s character, with long-standing operators including Hera Beauty hair salon, Jason\u2019s Deli, Quayside Isle Preparatory School, and Straits Wine Company.<\/p>\n<p>As a commercial asset, the property is available to local and foreign purchasers with no <a href=\"https:\/\/www.99.co\/singapore\/insider\/additional-buyers-stamp-duty-absd\/\" target=\"_blank\" rel=\"noopener\">Additional Buyer\u2019s Stamp Duty<\/a> (ABSD) or <a href=\"https:\/\/www.99.co\/singapore\/insider\/sellers-stamp-duty-rates-calculator\/\" target=\"_blank\" rel=\"noopener\">Seller\u2019s Stamp Duty<\/a> (SSD) payable.<\/p>\n    <section id=\"portal-widget-tab-panel-6a0b87bbe91c8\" class=\"portal-widget-tab-panel\">\n        <div class=\"swiper-container\" id=\"swiper-container-6a0b87bbe91c8\">\n                        <div class=\"row-title-widget\">\n                <div class=\"portal-widget-carousel-title-left\"><h4 class=\"portal-widget-title\">Looking for commercial property in Singapore? Try these<\/h4><\/div>\n                <div class=\"portal-widget-carousel-title-right text-right\"><span class=\"portal-widget-see-all-link link-top\"><a href=\"\" class=\"nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/commercial?utm_source=blog&utm_medium=widget\">See all listings<\/a><\/span><\/div>\n            <\/div>\n                        <div class=\"portal-widget-carousel swiper-wrapper\">\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/FuSThXZRgvEPzrUbV94rEn?text=Jas+Wong&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=9c510ed70520d6f47bae04bb9fc320390c878530\" alt=\"Sunshine Regency Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Sunshine Regency<\/div>\n                            <div class=\"card-text card-subtitle\">9 Rambai Rd \u00b7 D15<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,152 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,650,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/sunshine-regency-condo-5S2snzGGdV3jraGHNPH9bg?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/EcWZFe8BXq7Tn3jmsGVfDi?text=Ms+Yan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a658d75c80639164fa60913cd062aaf0a973e27f\" alt=\"287 Bukit Batok East Avenue 3 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">287 Bukit Batok East Avenue 3<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 650287 \u00b7 D23<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>4<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,571 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 830,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/287-bukit-batok-east-avenue-3-hdb-ZZ7LjAwe8nVnbiJggRzcJY?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/MySfV2wGx3KHXDufDnKC9U?text=Allan+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=f6fa92c107d5ce590efcf4b781036f79c5eb0139\" alt=\"Sky Green Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Sky Green<\/div>\n                            <div class=\"card-text card-subtitle\">570 Macpherson Rd \u00b7 D13<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>797 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,680,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/sky-green-condo-nbKCwnFM3M3XygeWxJMV5y?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/QePMVt4nCHcZSDFEapyTR9?text=Eric+Choy+82228903&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=18f8f0bcdd41aab89664c1742d3bee19b78bb61c\" alt=\"Eastvale Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Eastvale<\/div>\n                            <div class=\"card-text card-subtitle\">35 Pasir Ris Dr 3 \u00b7 D18<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,098 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 1,278,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/eastvale-condo-92GRWLPVZRefFmSoYJoPny?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/PHRiGJAdXHeuqzZFVhtu5f?text=Dominic+Lim&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=1329df4e9ebf62497557546da5b6fab4aac930ad\" alt=\"Eastwood Green Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">Eastwood Green<\/div>\n                            <div class=\"card-text card-subtitle\">Eastwood Green \u00b7 D16<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>5<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,935 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 3,380,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/eastwood-green-landed-2hgcSdxhqqSbBx2qJJ3bdD?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/Qe8W8DwcsrNfYpcF5J76jG?text=Chua+Adrian&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=33424e57cdf797dc9c0ecebd9e10043a22f7a7ee\" alt=\"93B Telok Blangah Street 31 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">93B Telok Blangah Street 31<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 102093 \u00b7 D4<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,001 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 980,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/93b-telok-blangah-street-31-hdb-jmNtryQk7oh6SX8BqcVgUF?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/GWgoG7mSvnAbezGpUNJ7gP?text=Linda+Tan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=5f36e77a2348031c8c81a7b7c95859f4772d6c7b\" alt=\"133 Jalan Bukit Merah Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">133 Jalan Bukit Merah<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 160133 \u00b7 D3<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>635 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 390,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/133-jalan-bukit-merah-hdb-eSWz37a2pmD5vfUdhRk7LU?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/vr8ou4ezUDWZuBnTQ9bepS?text=Bob+Chan&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=e48fc2b2e545d2cbde7b9d9d3f65f0b899ea6218\" alt=\"11 Farrer Park Road Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">11 Farrer Park Road<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 210011 \u00b7 D8<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>969 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 980,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/11-farrer-park-road-hdb-nAjUDQnCkCDQAvLg5qcpwh?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/CsTqDdYJEPtBotpSAqQUvj?text=Jason+Ng&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=a5c53b758f6a35adaaf6bf8cda73955b86d8bc9f\" alt=\"504C Yishun Street 51 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">504C Yishun Street 51<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 763504 \u00b7 D27<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>1,001 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 618,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/504c-yishun-street-51-hdb-EGZg6uXkfnSVs94soQu43E?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                                    <div class=\"portal-widget-carousel__card swiper-slide\">\n                                                <div class=\"card-image\">\n                            <img decoding=\"async\" src=\"https:\/\/pic2.99.co\/v3\/74P7kUvRYCD5CPSwCFq2fJ?text=J.+Syarif&sampling=lanczos&version=1&height=600&width=800&mode=fill&quality=80&convert_if_png=true&signature=7b18a66d1534be660e5f28c019dfb8bdfee2eaa5\" alt=\"115 Hougang Avenue 1 Photo\">\n                        <\/div>\n                        <div class=\"card-description\">\n                            <div class=\"card-text card-title\">115 Hougang Avenue 1<\/div>\n                            <div class=\"card-text card-subtitle\">Singapore 530115 \u00b7 D19<\/div>\n                            <div class=\"card-text card-room\">\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bed-icon.svg\" alt=\"bedroom\">\n                                    <span>3<\/span>\n                                <\/div>\n                                <div >\n                                    <img decoding=\"async\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/plugins\/nndc-portal\/public\/partials\/..\/images\/bath-icon.svg\" alt=\"bathroom\">\n                                    <span>2<\/span>\n                                <\/div>\n                                <div >\n                                    <span>980 sqft<\/span>\n                                <\/div>\n                            <\/div>\n                            <div class=\"card-text card-price\">S$ 560,000<\/div>\n                        <\/div>\n                        <div class=\"card-button\">\n                            <button class=\"btn-view-listing nndc-open-app-link\" data-url=\"https:\/\/www.99.co\/singapore\/sale\/property\/115-hougang-avenue-1-hdb-Ny2hZqddNpuJktn2eE8aEy?utm_source=blog&utm_medium=widget\">View this listing<\/button>\n                        <\/div>\n                    <\/div>\n                            <\/div>\n            <!-- Add Arrows -->\n            <div class=\"swiper-button-next\"><\/div>\n            <div class=\"swiper-button-prev\"><\/div>\n                    <\/div>\n    <\/section>\n\n<h2><\/h2>\n<h2 id=\"market-commentary\">Market commentary<\/h2>\n<p>Quayside Isle\u2019s value is closely tied to its catchment of well-heeled residents and the island\u2019s steady flow of visitors. That base is growing stronger again as tourism recovers.<\/p>\n<p>Singapore welcomed <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/singapore-says-visitor-arrivals-rise-21-2024-2025-02-05\/\" rel=\"nofollow\">16.5 million international visitors in 2024<\/a>, a 21% jump from the year before. Singapore Tourism Board <a href=\"https:\/\/www.stb.gov.sg\/about-stb\/media-publications\/media-centre\/singapore-achieves-historical-high-in-tourism-receipts-in-2024\" target=\"_blank\" rel=\"noopener\">stats<\/a> show that receipts hit S$22.4 billion last year, setting a new record. This backdrop makes lifestyle retail assets tied to tourism more attractive to investors.<\/p>\n<p>At the same time, URA\u2019s latest figures suggest that the retail market is steady but selective. In Q2 2025, <a href=\"https:\/\/www.ura.gov.sg\/Corporate\/Media-Room\/Media-Releases\/pr25-40\" rel=\"nofollow\">rents for retail space rose 0.9%<\/a>, reversing a small dip in Q1, while prices barely moved up just 0.1%. The islandwide vacancy rate edged up to 7.1%, as more space came onto the market than was taken up. In plain terms, demand hasn\u2019t disappeared, but it is concentrating in the most distinctive and well-located assets.<\/p>\n<p>The timing for the sale also aligns with CDL\u2019s wider capital divestments. CDL&#8217;s most recent move was the sale of a <a href=\"https:\/\/www.cdl.com.sg\/newsroom\/cdl-and-ioi-properties-group-announce-landmark-deal-for-the-iconic-south-beach-development-valued-at-s-2-75-billion-ioi-properties-group-to-acquire-cdls-50-1-interest-for-full-ownership\" target=\"_blank\" rel=\"noopener\">50.1% stake in South Beach <\/a>mixed-use development, to IOI Properties for an estimated S$834 million.<\/p>\n<p>This divestment is one of the largest in its recent portfolio and highlights CDL\u2019s intent to &#8220;crystallise exceptional value&#8221; and redeploy capital toward higher-yielding opportunities. Selling Quayside Isle now makes sense given the improving tourism backdrop and steady rent environment.<\/p>\n<p>Michael Tay, deputy managing director and head of capital markets at CBRE Singapore,\u00a0 notes that Quayside Isle\u2019s strong occupancy and steady rental stream make it attractive for investors looking for immediate income stability. The asset also offers room for growth through &#8220;rental reversion, repositioning of tenants, and optimisation of its gross floor area&#8221;, subject to the necessary approvals.<\/p>\n<h2 id=\"sentosa\">Sentosa&#8217;s growth trajectory<\/h2>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-67704\" src=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/sentosa-cove-marina-collection-yacht.jpg\" alt=\"marina collection and yachts at sentosa cove\" width=\"1200\" height=\"800\" srcset=\"https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/sentosa-cove-marina-collection-yacht.jpg 1200w, https:\/\/www.99.co\/singapore\/insider\/wp-content\/uploads\/2023\/08\/sentosa-cove-marina-collection-yacht-150x100.jpg 150w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p><a href=\"https:\/\/www.99.co\/singapore\/neighbourhoods\/sentosa\" target=\"_blank\" rel=\"noopener\">Sentosa<\/a> has long been one of Singapore\u2019s top leisure and tourism destinations, attracting both locals and international visitors year-round. Its appeal is further strengthened by high-profile events such as the Singapore Yacht Show, international regattas, and golf tournaments at Sentosa Golf Club.<\/p>\n<p>The island\u2019s entertainment and hospitality offerings continue to expand, with Resorts World Sentosa\u2019s $6.8 billion RWS 2.0 expansion introducing over 700 hotel rooms, the upcoming luxury Laurus hotel, and new dining and lifestyle concepts like the Weave complex.<\/p>\n<p>Attractions such as the Singapore Oceanarium, Minion Land at Universal Studios Singapore, and the soon-to-open Super Nintendo World, alongside the 30,000 sqm Sensoryscape experiential attraction, reinforce Sentosa\u2019s position as a premier leisure hub.<\/p>\n<p>Quayside Isle&#8217;s waterfront location and position as the <em>only<\/em> waterfront retail hub in the enclave, is also tied to Sentosa\u2019s broader transformation. Ongoing initiatives such as Resorts World Sentosa\u2019s RWS 2.0 expansion and the Sentosa\u2013Brani Master Plan are expected to boost tourism and events traffic, supporting long-term rental and capital appreciation for the mall.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since its launch in February 2006 as part of the Quayside Collection\u2014a waterfront lifestyle precinct alongside W Singapore hotel and The Residences at W Sentosa Cove\u2014Quayside Isle has served as the only dining and retail offering within luxury Sentosa Cove. Nearly two decades later, owner City Developments Limited (CDL) has placed the asset on the&hellip;<\/p>\n","protected":false},"author":17,"featured_media":89522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_lmt_disableupdate":"no","_lmt_disable":"no","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[53653,53593],"tags":[59565,59566,55218],"persona":[57128],"class_list":{"2":"type-post","13":"entry","14":"has-post-thumbnail"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v25.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CDL Launches Sale of Waterfront Asset In Sentosa Cove-99.co<\/title>\n<meta name=\"description\" content=\"Quayside Isle has been a prime waterfront dining and retail hub in Sentosa Cove. 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