Higher strata office and retail transacted values in 1H2025: Knight Frank
In the strata retail market, there was an uptick in sales worth in 1H2025, despite a limited dip in quantity. There were 113 strata retail deals in the initial half of the year, contrasted to 116 in 2H2024. “Just like strata workplace units, particular strata retail transactions might not have actually been caught as cautions were not lodged,” Knight Frank includes.
Looking ahead, the outlook for the strata commercial market stays speculative, amid a backdrop of escalating geopolitical pressures, ongoing protectionist actions by the US and worsening global conditions. In addition, the strata retail field continues to be weighed down by rising operating expense and changing buyer practices, triggering sellers to adopt slow-moving expansion plans, says Knight Frank.
The most significant strata workplace deal by outright price 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.
According to Knight Frank, the Downtown Core and the Rochor planning places found the highest possible number of transactions. Caveats lodged show 44 units in the Downtown Core switching hands for $471.1 million, though the company adds that the number of actual offers may be higher, as some purchasers selected not to lodge caveats.
In the strata office market, a sum of 189 transactions were documented in 1H2025, higher than the 170 arrangements registered in 2H2024. However, the standard unit price of strata office real estates marketed dropped, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 purchases in 1H2025. “A possible reason for the increased rate of interest could be that clients were purchasing to benefit from a chance for a potential en bloc sale to happen,” the report adds in.
As a result, overall strata workplace sales amount was marginally greater than the 2nd half of last year, inching up just 0.6% to $699.6 million in 1H2025.
Nonetheless, the firm marks that possibilities remain in both the strata office and strata retail markets. “Palatable and comparatively economical cost quanta in these niche sections supply prompt and off-beat chances that can be attractive for watchful capitalists and end-users,” says Mary Sai, executive administrator for capital markets at Knight Frank Singapore.
Notable strata retail transactions 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.
Strata commercial contracts viewed steady energy in 1H2025, according to a research record by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail markets reported higher negotiated valuations in the very first fifty percent of the year contrasted to the second half of past year.
Nevertheless, 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 greater lot of larger deals, states Knight Frank. While the majority of transactions in 2H2024 were smaller deals of under $4 million, there were ten in 1H2025 that were above $5 million, consisting of four transacted at above $15 million.
