Higher strata office and retail transacted values in 1H2025: Knight Frank
In the strata office market, a full of 189 transactions were recorded in 1H2025, more than the 170 arrangements logged in 2H2024. Nonetheless, the standard unit cost of strata office real estates marketed dropped, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Strata business offers observed stable energy in 1H2025, according to a research record by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail industry reported higher settled valuations in the very first half of the year compared to the second part of past year.
The most significant strata workplace deal by outright value in 1H2025 was the revenue of several 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.
However, strata retail sales worth totalled $292.3 million in 1H2025, 35.5% greater than the $215.8 million in 2H2024. The increase was underpinned by a somewhat higher lot of larger deals, claims Knight Frank. While a lot of transactions in 2H2024 were smaller deals of under $4 million, there were ten in 1H2025 that were above $5 million, including four transacted at above $15 million.
However, the firm notes that chances stay in both the strata office and strata retail markets. “Palatable and comparatively affordable price quanta in these niche sections supply timely and off-beat possibilities that can be appealing for cautious investors and end-users,” claims Mary Sai, executive supervisor for capital markets at Knight Frank Singapore.
Looking ahead, the overview for the strata industrial market remains speculative, amidst a backdrop of intensifying geopolitical stress, recurring protectionist moves by the United States and aggravating worldwide conditions. Additionally, the strata retail sector continues to be born down by rising operating expense and changing customer behavior, triggering retailers to adopt sluggish expansion plans, states Knight Frank.
Amongst strata office buildings in the Downtown Core, Manhattan House on Chin Swee Roadway emerged, logging 27 deals in 1H2025. “A possible reason for the enhanced passion could be that financiers were acquiring to benefit from a chance for a potential en bloc sale to materialise,” the report adds in.
In the strata retail market, there was an uptick in sales value in 1H2025, regardless of a marginal dip in quantity. There were 113 strata retail deals in the very first half of the year, matched up to 116 in 2H2024. “Just like strata workplace units, particular strata retail transactions may not have actually been captured as cautions were not lodged,” Knight Frank includes.
Notable strata retail deals 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.
As a result, overall strata office sales amount was marginally more than the 2nd half of previous year, inching up just 0.6% to $699.6 million in 1H2025.
According to Knight Frank, the Downtown Core and the Rochor planning places found the greatest number of transactions. Caveats lodged show 44 units in the Downtown Core switching hands for $471.1 million, though the firm adds that the variety of actual deals may be greater, as some purchasers chose not to lodge signs.
