Higher strata office and retail transacted values in 1H2025: Knight Frank
Strata commercial offers observed stable energy in 1H2025, according to a research study record by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry documented greater negotiated values in the very first fifty percent of the year contrasted to the second half of last year.
Nonetheless, the firm marks that opportunities stay in both the strata office and strata retail markets. “Palatable and somewhat competitive price quanta in these niche sectors provide prompt and off-beat opportunities that can be appealing for careful investors and end-users,” says Mary Sai, executive director for resources markets at Knight Frank Singapore.
The Arcady @ Boon Keng condominium
Amongst strata office buildings in the Downtown Core, Manhattan House on Chin Swee Roadway stood out, logging 27 deals in 1H2025. “A possible factor for the increased interest could be that financiers were buying to take advantage of an opportunity for a possible en bloc sale to happen,” the record adds.
Looking ahead, the overview for the strata commercial industry remains tentative, amidst a backdrop of intensifying geopolitical tensions, recurring protectionist actions by the United States and aggravating global problems. In addition, the strata retail sector continues to be weighed down by rising operating expense and changing buyer behaviour, triggering sellers to adopt slow expansion strategies, says Knight Frank.
In the strata retail market, there was an uptick in sales worth in 1H2025, in spite of a minimal dip in volume. There were 113 strata retail deals in the initial fifty percent of the year, matched up to 116 in 2H2024. “Just like strata office units, particular strata retail transactions might not have actually been captured as caveats were not lodged,” Knight Frank adds.
Because of this, total strata office space sales quantity was marginally more than the 2nd fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
According to Knight Frank, the Downtown Core and the Rochor planning areas found the highest variety of deals. Caveats lodged show 44 units in the Downtown Core shifting hands for $471.1 million, though the firm includes that the variety of real offers may be higher, as some customers chose not to lodge caveats.
Noteworthy strata retail transactions in 1H2025 include 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, contrasted to $2,999 psf in 2H2025.
Nevertheless, strata retail sales worth totalled $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The rise was underpinned by a somewhat higher lot of bigger deals, says Knight Frank. While many deals in 2H2024 were smaller offers of under $4 million, there were 10 in 1H2025 that were above $5 million, including 4 negotiated at over $15 million.
The most significant strata workplace deal by absolute value in 1H2025 was the transaction 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, greater than the 170 agreements logged in 2H2024. However, the common unit price of strata office properties reselled declined, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
