Higher strata office and retail transacted values in 1H2025: Knight Frank
According to Knight Frank, the Downtown Core and the Rochor planning locations found the greatest number of transactions. 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 greater, as some customers chose not to lodge signs.
Nonetheless, the firm notes that possibilities stay in both the strata office and strata retail markets. “Palatable and somewhat affordable rate quanta in these niche sections supply timely and off-beat opportunities that can be attractive for cautious financiers and end-users,” says Mary Sai, executive director for funding markets at Knight Frank Singapore.
In the strata office market, a total of 189 transactions were documented in 1H2025, higher than the 170 deals logged in 2H2024. However, the common unit price of strata office properties sold dropped, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Nevertheless, strata retail sales value amounted to $292.3 million in 1H2025, 35.5% greater than the $215.8 million in 2H2024. The rise was underpinned by a somewhat greater range of larger deals, states Knight Frank. While the majority of transactions in 2H2024 were smaller deals of under $4 million, there were 10 in 1H2025 that were above $5 million, consisting of 4 negotiated at above $15 million.
Looking in advance, the overview for the strata commercial industry remains tentative, in the middle of a backdrop of intensifying geopolitical tensions, recurring protectionist moves by the United States and aggravating worldwide conditions. In addition, the strata retail sector remains to be born down by increasing operating expense and changing customer behaviour, triggering sellers to adopt sluggish expansion programs, states Knight Frank.
As a result, total strata office space sales volume was marginally greater than the 2nd fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Strata business deals observed consistent momentum in 1H2025, according to a research report by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail industry reported greater transacted values in the first fifty percent of the year contrasted to the second part of past year.
The biggest strata workplace deal by outright 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 three units at Tokio Marine Centre in January for $67.5 million.
In the strata retail market, there was an uptick in sales value in 1H2025, in spite of a minimal dip in quantity. There were 113 strata retail deals in the very first half of the year, contrasted to 116 in 2H2024. “Just like strata office units, certain strata retail transactions may not have actually been captured as caveats were not lodged,” Knight Frank includes.
Noteworthy strata retail deals in 1H2025 consist of the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Generally, strata retail units transacted at $3,004 psf in 1H2025, compared to $2,999 psf in 2H2025.
Among strata office complex in the Downtown Core, Manhattan House on Chin Swee Road stood out, logging 27 purchases in 1H2025. “A possible reason for the enhanced passion could be that financiers were purchasing to take advantage of a chance for a possible en bloc sale to materialise,” the record adds.
