Higher strata office and retail transacted values in 1H2025: Knight Frank
Among strata office complex in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 transactions in 1H2025. “A possible factor for the raised interest could be that investors were buying to make use of a possibility for a potential en bloc sale to happen,” the report includes.
As a result, overall strata workplace sales quantity was marginally greater than the 2nd fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Significant strata retail transactions in 1H2025 include the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Generally, strata retail units negotiated at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
Strata commercial contracts viewed steady momentum in 1H2025, according to a research report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry reported higher transacted values in the very first half of the year contrasted to the next part of last year.
However, strata retail sales worth totalled $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The boost was underpinned by a somewhat much higher lot of larger deals, states Knight Frank. While most transactions in 2H2024 were smaller sized offers of under $4 million, there were ten in 1H2025 that were above $5 million, consisting of four negotiated at over $15 million.
Nonetheless, the firm marks that possibilities stay in both the strata office and strata retail markets. “Palatable and fairly economical price quanta in these niche sectors offer timely and off-beat possibilities that can be attractive for careful capitalists and end-users,” claims Mary Sai, executive director for resources markets at Knight Frank Singapore.
Looking ahead, the outlook for the strata business market stays unconfirmed, amidst a background of escalating geopolitical pressures, recurring protectionist steps by the United States and getting worse global conditions. Additionally, the strata retail sector continues to be born down by increasing operating expense and moving customer behavior, triggering merchants to adopt sluggish growth strategies, says Knight Frank.
In the strata office market, a sum of 189 deals were recorded in 1H2025, higher than the 170 offers logged in 2H2024. However, the average unit rate of strata office properties reselled slid, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
The most significant strata office deal by absolute value in 1H2025 was the sale of numerous 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.
According to Knight Frank, the Downtown Core and the Rochor planning areas found the highest number of deals. Caveats lodged show 44 units in the Downtown Core switching hands for $471.1 million, though the firm includes that the variety of real deals might be greater, as some purchasers chose not to lodge caveats.
In the strata retail market, there was an uptick in sales worth in 1H2025, regardless of a low dip in quantity. There were 113 strata retail deals in the initial fifty percent of the year, compared to 116 in 2H2024. “Just like strata workplace units, particular strata retail deals might not have actually been captured as caveats were not lodged,” Knight Frank includes.
