Higher strata office and retail transacted values in 1H2025: Knight Frank
According to Knight Frank, the Downtown Core and the Rochor planning areas saw the highest variety of transactions. Caveats lodged show 44 units in the Downtown Core changing hands for $471.1 million, though the company adds that the number of actual deals may be greater, as some buyers selected not to lodge caveats.
Because of this, total strata office space sales amount was marginally more than the 2nd half of last year, inching up just 0.6% to $699.6 million in 1H2025.
Remarkable strata retail transactions in 1H2025 consist of the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Usually, strata retail units transacted at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
However, strata retail sales worth completed $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The rise was underpinned by a somewhat greater lot of bigger deals, claims Knight Frank. While many transactions in 2H2024 were smaller sized deals of under $4 million, there were ten in 1H2025 that were above $5 million, consisting of 4 negotiated at over $15 million.
In the strata retail market, there was an uptick in sales worth in 1H2025, regardless of a low dip in volume. There were 113 strata retail deals in the first fifty percent of the year, compared to 116 in 2H2024. “Just like strata workplace units, specific strata retail purchases might not have actually been recorded as caveats were not lodged,” Knight Frank includes.
Nevertheless, the firm marks that possibilities stay in both the strata workplace and strata retail markets. “Palatable and somewhat inexpensive cost quanta in these specific niche sectors provide prompt and off-beat chances that can be attractive for watchful investors and end-users,” states Mary Sai, executive administrator for funding markets at Knight Frank Singapore.
Strata business offers viewed stable momentum in 1H2025, according to a research report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail markets reported higher transacted values in the first fifty percent of the year contrasted to the next fifty percent of last year.
Looking ahead, the overview for the strata commercial market continues to be speculative, in the middle of a background of intensifying geopolitical stress, recurring protectionist steps by the United States and worsening international problems. Additionally, the strata retail sector continues to be weighed down by increasing operating expense and moving consumer practices, prompting merchants to adopt sluggish growth programs, says Knight Frank.
In the strata office market, a total of 189 purchases were documented in 1H2025, greater than the 170 agreements registered in 2H2024. However, the common unit price of strata office real estates reselled slid, dropping from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Amongst strata office buildings in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 deals in 1H2025. “A possible factor for the increased interest could be that investors were buying to capitalize on an opportunity for a prospective en bloc sale to happen,” the report adds.
The most significant strata office deal by absolute price in 1H2025 was the transaction of multiple units at 20 Collyer Quay for $91.8 million in March, complied with by the sale of three units at Tokio Marine Centre in January for $67.5 million.
