Higher strata office and retail transacted values in 1H2025: Knight Frank
The most significant strata office deal by absolute price in 1H2025 was the revenue of several units at 20 Collyer Quay for $91.8 million in March, adhered to by the sale of three units at Tokio Marine Centre in January for $67.5 million.
In the strata office market, a full of 189 transactions were filed in 1H2025, higher than the 170 offers registered in 2H2024. However, the common unit cost of strata office real estates marketed declined, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Significant strata retail purchases in 1H2025 consist of the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Typically, strata retail units transacted at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
In the strata retail market, there was an uptick in sales worth in 1H2025, in spite of a low dip in quantity. There were 113 strata retail deals in the initial half of the year, compared to 116 in 2H2024. “Similar to strata office units, specific strata retail purchases may not have actually been caught as caveats were not lodged,” Knight Frank includes.
According to Knight Frank, the Downtown Core and the Rochor planning areas found the greatest number of transactions. Caveats lodged show 44 units in the Downtown Core shifting hands for $471.1 million, though the firm adds that the variety of actual packages may be higher, as some customers decided on not to lodge signs.
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Road stood out, logging 27 deals in 1H2025. “A possible factor for the enhanced passion could be that investors were acquiring to take advantage of a possibility for a prospective en bloc sale to happen,” the record includes.
Looking ahead, the overview for the strata industrial market continues to be unconfirmed, amidst a backdrop of rising geopolitical strains, ongoing protectionist moves by the US and getting worse global problems. In addition, the strata retail field continues to be weighed down by rising operating expense and moving consumer practices, triggering retailers to adopt slow expansion plans, claims Knight Frank.
Nevertheless, strata retail sales value amounted to $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The increase was underpinned by a somewhat much higher lot of larger deals, says Knight Frank. While a lot of deals in 2H2024 were smaller offers of under $4 million, there were ten in 1H2025 that were above $5 million, consisting of four transacted at over $15 million.
Strata business offers observed stable energy in 1H2025, according to a research study report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry recorded higher negotiated values in the very first half of the year compared to the next part of past year.
However, the firm notes that possibilities remain in both the strata office and strata retail markets. “Palatable and comparatively economical cost quanta in these particular niche segments offer timely and off-beat chances that can be attractive for watchful capitalists and end-users,” says Mary Sai, executive administrator for capital markets at Knight Frank Singapore.
Because of this, overall strata office sales quantity was marginally higher than the second fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
