Higher strata office and retail transacted values in 1H2025: Knight Frank
Amongst strata office buildings in the Downtown Core, Manhattan House on Chin Swee Road stood out, logging 27 deals in 1H2025. “A possible reason for the raised passion could be that financiers were buying to benefit from a possibility for a possible en bloc sale to materialise,” the report adds in.
The biggest strata workplace deal by outright value in 1H2025 was the sale of numerous units at 20 Collyer Quay for $91.8 million in March, followed by the sale of 3 units at Tokio Marine Centre in January for $67.5 million.
Nonetheless, the firm notes that opportunities continue to be in both the strata office and strata retail markets. “Palatable and relatively economical rate quanta in these specific niche sectors provide timely and off-beat chances that can be attractive for cautious capitalists and end-users,” says Mary Sai, executive administrator for capital markets at Knight Frank Singapore.
According to Knight Frank, the Downtown Core and the Rochor planning areas saw the greatest variety of deals. Caveats lodged show 44 units in the Downtown Core shifting hands for $471.1 million, though the firm adds that the variety of real offers may be higher, as some buyers decided on not to lodge signs.
Strata business offers viewed consistent momentum in 1H2025, according to a research study record by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail markets documented higher negotiated valuations in the first fifty percent of the year compared to the next half of past year.
In the strata office market, a full of 189 transactions were filed in 1H2025, more than the 170 deals listing in 2H2024. However, the average unit price of strata office properties reselled declined, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Nonetheless, strata retail sales worth totalled $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The rise was underpinned by a somewhat much higher number of bigger deals, says Knight Frank. While many transactions in 2H2024 were smaller offers of under $4 million, there were 10 in 1H2025 that were above $5 million, consisting of four negotiated at above $15 million.
As a result, total strata office space sales quantity was marginally greater than the second fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Significant strata retail transactions in 1H2025 consist of 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, compared to $2,999 psf in 2H2025.
Looking ahead, the expectation for the strata business market stays tentative, amidst a backdrop of rising geopolitical pressures, continuous protectionist steps by the United States and getting worse worldwide problems. Additionally, the strata retail field remains to be weighed down by increasing operating expense and changing consumer behavior, triggering stores to take on slow-moving growth programs, claims Knight Frank.
In the strata retail market, there was an uptick in sales worth in 1H2025, despite a minimal dip in quantity. There were 113 strata retail deals in the initial half of the year, contrasted to 116 in 2H2024. “Just like strata office units, specific strata retail deals may not have been recorded as caveats were not lodged,” Knight Frank adds.
