Higher strata office and retail transacted values in 1H2025: Knight Frank
In the strata retail market, there was an uptick in sales value in 1H2025, in spite of a minimal dip in volume. There were 113 strata retail deals in the very first half of the year, contrasted to 116 in 2H2024. “As with strata office units, specific strata retail purchases might not have actually been caught as caveats were not lodged,” Knight Frank includes.
Nevertheless, strata retail sales worth totalled $292.3 million in 1H2025, 35.5% more than the $215.8 million in 2H2024. The boost was underpinned by a somewhat greater range of bigger 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 negotiated at above $15 million.
According to Knight Frank, the Downtown Core and the Rochor planning places found the highest variety of deals. Caveats lodged show 44 units in the Downtown Core switching hands for $471.1 million, though the firm includes that the number of real packages might be higher, as some purchasers decided on not to lodge signs.
Looking in advance, the expectation for the strata business industry stays unconfirmed, amid a background of escalating geopolitical tensions, ongoing protectionist steps by the US and worsening worldwide conditions. Additionally, the strata retail field continues to be born down by rising operating costs and changing buyer practices, triggering stores to take on slow-moving development strategies, states Knight Frank.
Strata commercial deals viewed steady energy in 1H2025, according to a research report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail markets reported greater negotiated values in the first half of the year compared to the next fifty percent of last year.
In the strata office market, a full of 189 transactions were recorded in 1H2025, greater than the 170 deals listing in 2H2024. Nevertheless, the average unit cost of strata office real estates reselled slid, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Significant 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.
Because of this, overall strata office space sales amount was marginally greater than the 2nd fifty percent of previous year, inching up just 0.6% to $699.6 million in 1H2025.
Amongst strata office buildings in the Downtown Core, Manhattan House on Chin Swee Roadway emerged, logging 27 transactions in 1H2025. “A possible factor for the raised passion could be that clients were acquiring to take advantage of an opportunity for a potential en bloc sale to materialise,” the record includes.
The biggest strata office deal by absolute value in 1H2025 was the sale of multiple 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.
Nevertheless, the firm marks that possibilities remain in both the strata office and strata retail markets. “Palatable and fairly inexpensive cost quanta in these niche segments provide prompt and off-beat chances that can be appealing for cautious financiers and end-users,” states Mary Sai, executive director for funding markets at Knight Frank Singapore.
