Higher strata office and retail transacted values in 1H2025: Knight Frank
According to Knight Frank, the Downtown Core and the Rochor planning places saw the highest number 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 offers might be higher, as some customers selected not to lodge signs.
In the strata retail market, there was an uptick in sales value in 1H2025, despite a limited dip in quantity. There were 113 strata retail deals in the initial half of the year, matched up to 116 in 2H2024. “Just like strata office units, specific strata retail transactions might not have been caught as caveats were not lodged,” Knight Frank includes.
Looking in advance, the overview for the strata industrial industry stays tentative, amid a backdrop of escalating geopolitical stress, continuous protectionist moves by the US and intensifying international problems. Furthermore, the strata retail market remains to be born down by increasing operating expense and shifting buyer behaviour, motivating sellers to adopt slow expansion programs, says Knight Frank.
In the strata office market, a total of 189 transactions were filed in 1H2025, greater than the 170 agreements listing in 2H2024. However, the standard unit price of strata office real estates sold slid, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
The biggest strata office deal by absolute price in 1H2025 was the revenue of numerous units at 20 Collyer Quay for $91.8 million in March, complied with by the sale of three units at Tokio Marine Centre in January for $67.5 million.
Among strata office complex in the Downtown Core, Manhattan House on Chin Swee Roadway emerged, logging 27 deals in 1H2025. “A possible reason for the enhanced rate of interest could be that clients were acquiring to make the most of a possibility for a possible en bloc sale to happen,” the report adds in.
Canberra Crescent Residences floor plan
Nevertheless, the firm marks that chances stay in both the strata workplace and strata retail markets. “Palatable and relatively affordable cost quanta in these particular niche sections supply timely and off-beat possibilities that can be appealing for careful capitalists and end-users,” states Mary Sai, executive administrator for resources markets at Knight Frank Singapore.
Strata business contracts observed steady energy in 1H2025, according to a research report by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail industry documented greater negotiated values in the very first fifty percent of the year compared to the next fifty percent of past year.
As a result, total strata office sales quantity was partially more than the 2nd half of last year, inching up just 0.6% to $699.6 million in 1H2025.
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. Usually, strata retail units transacted at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
Nevertheless, strata retail sales worth amounted to $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The increase was underpinned by a somewhat higher lot of bigger deals, claims Knight Frank. While the majority of deals in 2H2024 were smaller sized offers of under $4 million, there were ten in 1H2025 that were above $5 million, consisting of 4 negotiated at over $15 million.
