Higher strata office and retail transacted values in 1H2025: Knight Frank
According to Knight Frank, the Downtown Core and the Rochor planning locations found the highest number of deals. Caveats lodged show 44 units in the Downtown Core changing hands for $471.1 million, though the firm includes that the number of actual offers might be greater, as some purchasers chose not to lodge caveats.
As a result, overall strata office space sales amount was partially greater than the 2nd half of previous year, inching up just 0.6% to $699.6 million in 1H2025.
Noteworthy strata retail transactions in 1H2025 consist of the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Usually, strata retail units negotiated at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
In the strata retail market, there was an uptick in sales value in 1H2025, in spite of a marginal dip in quantity. There were 113 strata retail deals in the very first half of the year, contrasted to 116 in 2H2024. “Similar to strata office units, certain strata retail transactions may not have been captured as caveats were not lodged,” Knight Frank includes.
The most significant strata workplace deal by outright value 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.
In the strata office market, a full of 189 transactions were filed in 1H2025, higher than the 170 arrangements listing in 2H2024. However, the standard unit cost of strata office properties sold declined, dropping from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Nonetheless, strata retail sales value totalled $292.3 million in 1H2025, 35.5% greater than the $215.8 million in 2H2024. The rise was underpinned by a slightly much higher number of bigger deals, says Knight Frank. While most transactions in 2H2024 were smaller offers of under $4 million, there were ten in 1H2025 that were above $5 million, including 4 transacted at over $15 million.
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 boosted rate of interest could be that financiers were buying to make the most of an opportunity for a potential en bloc sale to materialise,” the report adds in.
Looking in advance, the outlook for the strata business industry remains tentative, in the middle of a background of escalating geopolitical stress, recurring protectionist actions by the United States and worsening international problems. Additionally, the strata retail industry remains to be weighed down by increasing operating expense and shifting consumer practices, prompting sellers to embrace slow-moving development programs, states Knight Frank.
Nonetheless, the firm marks that possibilities remain in both the strata office and strata retail markets. “Palatable and fairly inexpensive cost quanta in these niche sectors supply timely and off-beat opportunities that can be attractive for watchful financiers and end-users,” claims Mary Sai, executive supervisor for resources markets at Knight Frank Singapore.
Strata commercial deals observed stable energy in 1H2025, according to a research report by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail markets recorded greater negotiated valuations in the first half of the year compared to the next part of past year.
