Higher strata office and retail transacted values in 1H2025: Knight Frank
According to Knight Frank, the Downtown Core and the Rochor planning locations saw the highest possible variety of transactions. Caveats lodged show 44 units in the Downtown Core changing hands for $471.1 million, though the firm adds that the number of real packages might be higher, as some customers decided on not to lodge signs.
However, strata retail sales value totalled $292.3 million in 1H2025, 35.5% more than the $215.8 million in 2H2024. The boost was underpinned by a slightly greater lot of bigger deals, says Knight Frank. While a lot of deals in 2H2024 were smaller sized bargains of under $4 million, there were ten in 1H2025 that were above $5 million, including 4 negotiated at over $15 million.
Remarkable strata retail deals in 1H2025 consist of the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Generally, strata retail units transacted at $3,004 psf in 1H2025, contrasted to $2,999 psf in 2H2025.
Nevertheless, the firm marks that possibilities stay in both the strata office and strata retail markets. “Palatable and comparatively affordable price quanta in these niche sections provide prompt and off-beat chances that can be appealing for cautious financiers and end-users,” claims Mary Sai, executive director for resources markets at Knight Frank Singapore.
In the strata retail market, there was an uptick in sales worth in 1H2025, regardless of a minimal dip in quantity. There were 113 strata retail deals in the very first half of the year, matched up to 116 in 2H2024. “Similar to strata workplace units, specific strata retail transactions might not have been captured as caveats were not lodged,” Knight Frank adds.
Looking in advance, the outlook for the strata industrial industry stays speculative, amidst a backdrop of intensifying geopolitical pressures, ongoing protectionist steps by the United States and worsening international conditions. Additionally, the strata retail sector remains to be weighed down by increasing operating costs and moving buyer behavior, triggering stores to embrace sluggish development plans, claims Knight Frank.
Strata commercial deals viewed 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 documented greater transacted values in the very first half of the year contrasted to the second part of past year.
Because of this, total strata office sales quantity was partially greater than the 2nd fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
The most significant strata workplace deal by outright value in 1H2025 was the transaction of several units at 20 Collyer Quay for $91.8 million in March, complied with by the sale of 3 units at Tokio Marine Centre in January for $67.5 million.
In the strata office market, a full of 189 purchases were documented in 1H2025, more than the 170 deals listing 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.
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 deals in 1H2025. “A possible reason for the increased rate of interest could be that investors were purchasing to take advantage of a chance for a prospective en bloc sale to happen,” the record adds in.
