Higher strata office and retail transacted values in 1H2025: Knight Frank
The most significant strata workplace deal by absolute price in 1H2025 was the sale of several units at 20 Collyer Quay for $91.8 million in March, adhered to by the sale of three units at Tokio Marine Centre in January for $67.5 million.
Looking in advance, the overview for the strata business industry continues to be unconfirmed, amidst a background of rising geopolitical strains, ongoing protectionist steps by the United States and getting worse international problems. Furthermore, the strata retail field remains to be born down by increasing operating costs and changing customer behaviour, prompting stores to take on slow-moving expansion programs, claims Knight Frank.
Strata commercial offers saw consistent energy in 1H2025, according to a research report by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail markets reported greater transacted valuations in the very first half of the year compared to the next fifty percent of past year.
According to Knight Frank, the Downtown Core and the Rochor planning locations saw the highest possible variety of deals. Caveats lodged show 44 units in the Downtown Core shifting hands for $471.1 million, though the company adds that the variety of actual deals may be higher, as some customers selected not to lodge signs.
Noteworthy strata retail purchases 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 negotiated at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
As a result, overall strata office space sales quantity was partially greater than the second fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Roadway emerged, logging 27 deals in 1H2025. “A possible reason for the raised rate of interest could be that financiers were buying to take advantage of an opportunity for a prospective en bloc sale to materialise,” the record adds in.
Nevertheless, the firm notes that chances remain in both the strata office and strata retail markets. “Palatable and somewhat inexpensive rate quanta in these specific niche sectors offer prompt and off-beat opportunities that can be appealing for watchful capitalists and end-users,” states Mary Sai, executive supervisor for funding markets at Knight Frank Singapore.
In the strata retail market, there was an uptick in sales value in 1H2025, in spite of a limited dip in quantity. There were 113 strata retail deals in the very first fifty percent of the year, contrasted to 116 in 2H2024. “As with strata office units, certain strata retail deals may not have been recorded as caveats were not lodged,” Knight Frank adds.
However, strata retail sales worth completed $292.3 million in 1H2025, 35.5% greater than the $215.8 million in 2H2024. The boost was underpinned by a slightly greater number of larger deals, says Knight Frank. While most purchases in 2H2024 were smaller offers of under $4 million, there were 10 in 1H2025 that were above $5 million, including 4 negotiated at over $15 million.
In the strata office market, a total of 189 purchases were filed in 1H2025, higher than the 170 offers logged in 2H2024. Nonetheless, the average unit rate of strata office real estates marketed dropped, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
