Higher strata office and retail transacted values in 1H2025: Knight Frank
The most significant strata workplace deal by outright value in 1H2025 was the transaction of several 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.
Nonetheless, the firm marks that chances continue to be in both the strata workplace and strata retail markets. “Palatable and somewhat affordable cost quanta in these particular niche segments supply prompt and off-beat chances that can be appealing for careful financiers and end-users,” claims Mary Sai, executive administrator for capital markets at Knight Frank Singapore.
In the strata office market, a total of 189 purchases were recorded in 1H2025, more than the 170 offers logged in 2H2024. However, the standard unit rate of strata office properties sold dropped, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Strata business deals viewed stable momentum in 1H2025, according to a research study report by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail markets recorded greater transacted values in the very first fifty percent of the year compared to the second part of past year.
Nevertheless, strata retail sales worth amounted to $292.3 million in 1H2025, 35.5% greater than the $215.8 million in 2H2024. The rise was underpinned by a slightly greater range of larger deals, claims Knight Frank. While most deals in 2H2024 were smaller bargains of under $4 million, there were ten in 1H2025 that were above $5 million, including 4 transacted at over $15 million.
Notable strata retail purchases in 1H2025 include the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Typically, strata retail units transacted at $3,004 psf in 1H2025, contrasted to $2,999 psf in 2H2025.
Among strata office buildings in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 transactions in 1H2025. “A possible reason for the boosted rate of interest could be that investors were buying to make use of a chance for a potential en bloc sale to happen,” the record includes.
Union Square Residences floor plan
In the strata retail market, there was an uptick in sales value in 1H2025, despite a low dip in volume. There were 113 strata retail deals in the initial half of the year, compared to 116 in 2H2024. “Just like strata workplace units, particular strata retail purchases might not have been captured as cautions were not lodged,” Knight Frank adds.
Therefore, total strata workplace sales quantity was partially higher than the second fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Looking ahead, the expectation for the strata commercial market remains speculative, in the middle of a backdrop of rising geopolitical stress, continuous protectionist actions by the United States and aggravating global problems. Furthermore, the strata retail field continues to be weighed down by rising operating expense and shifting customer practices, motivating retailers to take on slow-moving development plans, claims Knight Frank.
According to Knight Frank, the Downtown Core and the Rochor planning locations found the highest possible variety 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 deals may be higher, as some buyers chose not to lodge signs.
