Exclusive Waterfront Retail Trophy Asset in Sentosa Cove for Sale

Singapore, 3 September 2025 – Knight Frank Singapore and CBRE, as the exclusive joint marketing agents, are pleased to announce the launch of the sale of Quayside Isle @ Sentosa Cove, a rare, trophy-grade waterfront retail asset located at 31 Ocean Way, Sentosa Cove.

Strategically located within Singapore’s premier master-planned luxury residential enclave, Quayside Isle is the only dedicated commercial waterfront retail precinct in Sentosa Cove. Completed in 2012 alongside the W Singapore – Sentosa Cove hotel and The Residences at W Singapore Sentosa Cove, the two-storey lifestyle mall offers over 200 metres of uninterrupted marina frontage. It spans a land area of approximately 89,683 square feet with a net lettable area of 44,121 square feet, supported by a basement car park with 78 lots.

Anchored by a carefully curated tenant mix, Quayside Isle combines dining, lifestyle and community uses. Notable tenants include speciality cafe Common Man Coffee Roasters, seafood restaurant Greenwood Fish Market, gourmet supermarket chain Jasons Deli and Quayside Isle Preparatory School, highlighting its dual role as both a lifestyle destination and a community hub. The property enjoys high occupancy, supported by more than 6,000* residents within Sentosa Cove, across 2,000 luxury homes.

Quayside Isle benefits from three resilient catchment streams:

• Affluent residents in Sentosa who provide stable daily patronage;
• Steady inflows of local and international visitors, with Sentosa remaining one of Singapore’s top leisure destinations; and\
• Event driven visitation from world-class events such as the Singapore Yacht Show at ONE°15 Marina, international regattas, and golf tournaments at Sentosa Golf Club.
  
  

Together, these drivers underpin Quayside Isle’s performance and reinforce its position as the retail and lifestyle anchor of Sentosa Cove.

Looking ahead, Quayside Isle is exceptionally well-positioned to benefit from major developments:

• Resorts World Sentosa (RWS) 2.0 expansion: A S$6.8 billion investment introducing recently opened attractions Minion Land at Universal Studios Singapore and Singapore Oceanarium, vibrant new dining concepts, and over 700 additional hotel rooms.
• Sentosa-Brani Master Plan: Transforming Singapore’s Southern Waterfront into a global lifestyle and tourism hub, featuring new hotels, waterfront promenades, MICE facilities, and leisure zones. The recent opening of the 30,000 square metres Sensoryscape in 2024 underscores this transformation.

These enhancements will amplify Sentosa’s international prominence and further strengthen Quayside Isle’s role as a prime waterfront investment.

Mr. Melvin Chay (谢立达), Senior Director, Capital Markets, Knight Frank Singapore, said: “Sentosa holds a unique position in Singapore’s property landscape as the only place where foreigners are generally allowed to own landed homes, subject to approval from the Land Dealings Approval Unit (LDAU). While exceptions have existed on the main island, Sentosa remains a coveted destination that attracts global elites, offering not just home ownership, but entry into an exclusive international community.

"What is equally significant is Quayside Isle’s position as the only dedicated retail and lifestyle precinct in Sentosa Cove. Its strong tenant mix, from destination dining concepts and gourmet supermarkets to essential community services and education, makes it an indispensable hub for both residents and visitors. With consistently high occupancy and stable trading performance, the property delivers investors the dual advantage of resilient day-to-day patronage and incremental upside from Sentosa’s growing tourism and events traffic.

For discerning buyers and high-net-worth individuals, this translates to more than just a prestigious address. It is an opportunity to secure a rare waterfront retail asset with long-term rental growth potential, underpinned by the island’s continuing transformation.”

Mr. Michael Tay (郑兆能), Deputy Managing Director, Capital Markets, CBRE Singapore, added: "Quayside Isle represents an ultra-rare, trophy-grade waterfront investment asset in the heart of Sentosa Cove. With strong existing occupancy and resilient cashflow, it offers both immediate income security and potential upside through rental reversion, tenant repositioning, and GFA optimisation, subject to approval from the relevant authorities.

“Singapore recorded 16.5 million tourist arrivals in 2024 and the number is projected to reach 18.5 million in 2025. Combined with Sentosa’s landmark initiatives such as RWS 2.0 and the Sentosa-Brani Master Plan, Quayside Isle is uniquely positioned for sustained rental and capital appreciation over the medium to long term.”

Zoned “Commercial” under the 2019 Master Plan, Quayside Isle is open to both local and foreign buyers, with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) applicable. The asset is offered at a guide price of S$111 million or approximately S$2,515 per square foot on the existing net lettable area. The sale will be conducted via an Expression of Interest (EOI) exercise which will close on 15 October 2025, Wednesday at 3pm.

Photo credit: Quayside Isle @ Sentosa Cove

*Source: Sentosa Development Corporation