Higher strata office and retail transacted values in 1H2025: Knight Frank
In the strata office market, a sum of 189 transactions were recorded in 1H2025, more than the 170 agreements listing in 2H2024. However, the standard unit rate of strata office real estates sold dropped, decreasing 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 purchases in 1H2025. “A possible reason for the enhanced passion could be that clients were purchasing to make the most of an opportunity for a potential en bloc sale to materialise,” the report adds in.
Strata commercial offers observed steady energy in 1H2025, according to a research report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry reported greater transacted values in the very first fifty percent of the year contrasted to the next fifty percent of last year.
Nonetheless, strata retail sales worth totalled $292.3 million in 1H2025, 35.5% more than the $215.8 million in 2H2024. The increase was underpinned by a slightly much higher lot of bigger deals, claims Knight Frank. While a lot of purchases in 2H2024 were smaller sized bargains of under $4 million, there were 10 in 1H2025 that were above $5 million, including four negotiated at above $15 million.
Looking ahead, the overview for the strata industrial industry stays unconfirmed, amid a backdrop of rising geopolitical stress, recurring protectionist steps by the US and intensifying international conditions. Additionally, the strata retail sector continues to be weighed down by rising operating costs and moving consumer behavior, triggering stores to adopt slow-moving growth strategies, says Knight Frank.
According to Knight Frank, the Downtown Core and the Rochor planning areas saw the greatest variety of deals. Caveats lodged show 44 units in the Downtown Core shifting hands for $471.1 million, though the firm includes that the number of actual packages might be higher, as some customers decided on not to lodge caveats.
In the strata retail market, there was an uptick in sales value in 1H2025, despite a low dip in volume. There were 113 strata retail deals in the initial half of the year, compared to 116 in 2H2024. “As with strata workplace units, specific strata retail transactions might not have been recorded as caveats were not lodged,” Knight Frank adds.
As a result, overall strata workplace sales quantity was marginally higher than the 2nd half of previous year, inching up just 0.6% to $699.6 million in 1H2025.
The biggest strata workplace deal by outright value in 1H2025 was the transaction of numerous units at 20 Collyer Quay for $91.8 million in March, adhered to by the sale of 3 units at Tokio Marine Centre in January for $67.5 million.
Remarkable strata retail transactions in 1H2025 include the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. On average, strata retail units transacted at $3,004 psf in 1H2025, contrasted to $2,999 psf in 2H2025.
Nonetheless, the firm marks that possibilities stay in both the strata workplace and strata retail markets. “Palatable and comparatively economical rate quanta in these niche sections supply timely and off-beat possibilities that can be attractive for watchful capitalists and end-users,” says Mary Sai, executive supervisor for capital markets at Knight Frank Singapore.
