The Business Times
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BRUNCH

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

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Samuel Oh

Samuel Oh

Published Fri, Jun 28, 2024 · 03:00 PM
    • The South Beach project blends 510,000 sq ft of Grade A office space, 190 residential units, 634-room hotel and 32,000 sq ft of F&B and retail spaces into an integrated mixed-use development.
    • The South Beach project blends 510,000 sq ft of Grade A office space, 190 residential units, 634-room hotel and 32,000 sq ft of F&B and retail spaces into an integrated mixed-use development. PHOTO: CITY DEVELOPMENTS LTD

    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.

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