Higher strata office and retail transacted values in 1H2025: Knight Frank
Strata business offers saw stable energy in 1H2025, according to a research study record by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry documented greater settled values in the very first half of the year contrasted to the second part of last 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 real offers might be greater, as some customers decided on not to lodge caveats.
The biggest strata workplace deal by outright price in 1H2025 was the revenue of multiple units at 20 Collyer Quay for $91.8 million in March, followed by the sale of three units at Tokio Marine Centre in January for $67.5 million.
Nevertheless, strata retail sales value completed $292.3 million in 1H2025, 35.5% more than the $215.8 million in 2H2024. The rise was underpinned by a somewhat higher lot of larger deals, claims Knight Frank. While the majority of deals in 2H2024 were smaller deals of under $4 million, there were 10 in 1H2025 that were above $5 million, including four negotiated at over $15 million.
Looking in advance, the overview for the strata business industry stays tentative, in the middle of a backdrop of rising geopolitical stress, ongoing protectionist moves by the United States and getting worse worldwide problems. Additionally, the strata retail field remains to be born down by increasing operating expense and changing buyer practices, prompting retailers to take on slow-moving development strategies, claims Knight Frank.
In the strata office market, a total of 189 transactions were documented in 1H2025, more than the 170 agreements registered in 2H2024. However, the average unit cost of strata office properties reselled declined, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
As a result, total strata office space sales quantity was marginally higher than the second fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Significant strata retail purchases in 1H2025 include the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. On average, strata retail units transacted at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
Nevertheless, the firm marks that possibilities stay in both the strata office and strata retail markets. “Palatable and somewhat economical rate quanta in these niche sections supply prompt and off-beat chances that can be attractive for careful capitalists and end-users,” says 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, despite a limited dip in volume. There were 113 strata retail deals in the very first fifty percent of the year, contrasted to 116 in 2H2024. “Similar to strata workplace units, particular strata retail deals might not have actually been captured as cautions were not lodged,” Knight Frank includes.
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 purchases in 1H2025. “A possible factor for the enhanced interest could be that investors were purchasing to make use of a chance for a prospective en bloc sale to happen,” the report includes.
