More mixed-use projects sprouting up, but are they a better buy?
As more of such developments combine two or more asset classes, industry players say there are more factors to consider beyond scale
Add BT as a preferred source
MIXED-USE developments are not new concepts in the property market, but they have taken off strongly post-pandemic as more people realise the value of amenities and convenience within arm’s reach.
In line with Singapore’s decentralisation strategy, industry players tell The Business Times (BT) that the supply for such projects, also known as “integrated developments”, have gone up together with demand.
Between 2018 and 2023, about 33 per cent or 16 government land sales (GLS) sites awarded were for mixed-use projects. And in the first five months of this year, three out of five sites awarded were for mixed-use purposes.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
‘We’re not a bubble tea brand’: Chagee aims to double Asia-Pacific footprint to 600 stores by 2027
UMS Integration closes 10.2% higher after posting ‘strong’ double-digit sales growth in Q1
