Higher strata office and retail transacted values in 1H2025: Knight Frank
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Roadway emerged, logging 27 transactions in 1H2025. “A possible factor for the boosted interest could be that clients were buying to make use of an opportunity for a prospective en bloc sale to materialise,” the report adds in.
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 slightly much higher number of bigger deals, states Knight Frank. While most transactions in 2H2024 were smaller offers of under $4 million, there were ten in 1H2025 that were above $5 million, including four transacted at over $15 million.
The most significant strata office deal by outright value in 1H2025 was the sale of several 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.
Looking in advance, the expectation for the strata business market continues to be tentative, in the middle of a backdrop of intensifying geopolitical pressures, continuous protectionist moves by the United States and intensifying global problems. Additionally, the strata retail industry continues to be born down by increasing operating costs and shifting buyer behaviour, motivating stores to adopt slow-moving development plans, says Knight Frank.
However, the firm notes that chances continue to be in both the strata workplace and strata retail markets. “Palatable and relatively competitive rate quanta in these particular niche segments offer timely and off-beat chances that can be attractive for cautious capitalists and end-users,” claims Mary Sai, executive administrator for capital markets at Knight Frank Singapore.
Strata commercial deals viewed consistent energy in 1H2025, according to a research record by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail markets recorded higher settled valuations in the very first fifty percent of the year contrasted to the second fifty percent of past year.
Therefore, overall strata workplace sales amount was partially more than the 2nd fifty percent 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 locations saw the highest possible number of deals. Caveats lodged show 44 units in the Downtown Core shifting hands for $471.1 million, though the firm adds that the number of actual packages may be greater, as some buyers selected not to lodge caveats.
In the strata retail market, there was an uptick in sales value in 1H2025, regardless of a limited dip in quantity. There were 113 strata retail deals in the very first half of the year, compared to 116 in 2H2024. “As with strata workplace units, specific strata retail deals might not have been caught as caveats were not lodged,” Knight Frank adds.
In the strata office market, a total of 189 deals were documented in 1H2025, more than the 170 agreements listing in 2H2024. Nonetheless, the average unit price of strata office properties marketed slid, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
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, measured up to $2,999 psf in 2H2025.
