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Singapore mixed-use investment sales hit $1.9b in Q1

Hougang Central and Centrepoint deals lift volumes.

Singapore’s mixed-use investment sales rose to $1.9b in the first quarter of 2026, more than doubling from the previous quarter, lifted by two major transactions.

The segment accounted for 16.5% of total investment sales in Q1, according to Savills, making it the fourth-largest asset class by value after residential, industrial, and commercial.

The biggest mixed-use deal was the award of the Hougang Central government land sale site, a commercial and residential parcel, to a CapitaLand-UOL consortium for $1.5b, or $1,179 psf per plot ratio. Savills said the 504,820 square feet site was the first GLS launch in Hougang since 2019.

The property consultancy said the tender drew three bids, with the modest participation and measured pricing suggesting developers remained disciplined amid ongoing cost pressures and cautious demand conditions.

The other mixed-use transaction was Frasers Property’s $391.9m acquisition of the rear block of The Centrepoint on Orchard Road through a collective sale tender. The asset comprises 66 strata retail units and 66 residential apartments.

Savills said Orchard Road continued to attract strong developer interest, with The Centrepoint marking the fifth successful collective sale in the precinct since 2022.

Looking ahead, it expects mixed-use sites to feature more prominently as developers see them as offering stronger marketing appeal for residential launches, supporting healthy tender activity for mixed-use GLS projects.

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