What was the sole mixed-use investment deal in Singapore in Q2?

The transaction was worth over S$1.3 billion.

In Q2/2025, only one major transaction was recorded in Singapore’s mixed-use sector. According to a Savills report, this involved a 50.1% interest in South Beach, an iconic integrated development located along Beach Road.

Here’s more from Savills:

In June, IOI Properties Group Berhad (IOIPG) entered into an agreement with CDL to acquire the latter’s 50.1% interest in the South Beach development through a share sale in the holding company, Scottsdale Properties Pte. Ltd. Based on an agreed property value of S$2.75 billion on a 100% interest basis, the 50.1% stake equates to approximately S$1.38 billion.

Upon completion of the transaction, expected by Q3/2025, IOIPG will gain full ownership of the commercial components of South Beach. The divestment is expected to enhance CDL’s capital flexibility and reduce its gearing.

South Beach was developed on a 3.5-hectare site awarded under the GLS Programme through a two-envelope Concept and Price tender. This development integrates four historical buildings, including the former military buildings and NCO Club of the old Beach Road Camp, with two new 34- and 45-storey towers.

The development comprises Grade A office space, the 634-room JW Marriott Hotel Singapore South Beach, a variety of restaurants and cafes, and the 190-unit South Beach Residences, which were fully sold.