Higher strata office and retail transacted values in 1H2025: Knight Frank
According to Knight Frank, the Downtown Core and the Rochor planning locations saw the highest possible number of transactions. Caveats lodged show 44 units in the Downtown Core changing hands for $471.1 million, though the company adds that the number of real offers might be greater, as some purchasers selected not to lodge signs.
Nonetheless, the firm notes that possibilities stay in both the strata office and strata retail markets. “Palatable and fairly inexpensive cost quanta in these niche sectors provide timely and off-beat chances that can be appealing for cautious financiers and end-users,” says Mary Sai, executive supervisor for resources markets at Knight Frank Singapore.
However, strata retail sales value completed $292.3 million in 1H2025, 35.5% more than the $215.8 million in 2H2024. The boost was underpinned by a slightly greater number of larger deals, claims Knight Frank. While many transactions in 2H2024 were smaller sized bargains of under $4 million, there were ten in 1H2025 that were above $5 million, including 4 transacted at over $15 million.
In the strata retail market, there was an uptick in sales value in 1H2025, despite a minimal dip in quantity. There were 113 strata retail deals in the first fifty percent of the year, contrasted to 116 in 2H2024. “Just like strata workplace units, specific strata retail transactions might not have been caught as caveats were not lodged,” Knight Frank adds.
Otto Place Hoi Hup Realty and Sunway Group
The biggest strata workplace deal by outright price in 1H2025 was the revenue of numerous units at 20 Collyer Quay for $91.8 million in March, complied with by the sale of 3 units at Tokio Marine Centre in January for $67.5 million.
Amongst strata office complex in the Downtown Core, Manhattan House on Chin Swee Roadway stood out, logging 27 deals in 1H2025. “A possible reason for the increased passion could be that financiers were buying to capitalize on a possibility for a prospective en bloc sale to happen,” the report adds in.
Strata commercial offers saw steady energy in 1H2025, according to a research report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry recorded greater negotiated valuations in the first half of the year compared to the next fifty percent of last year.
In the strata office market, a total of 189 purchases were recorded in 1H2025, higher than the 170 agreements logged in 2H2024. However, the average unit rate of strata office real estates marketed declined, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Looking ahead, the outlook for the strata business industry remains tentative, amidst a backdrop of rising geopolitical strains, continuous protectionist steps by the United States and intensifying global problems. Furthermore, the strata retail field remains to be weighed down by rising operating costs and shifting buyer practices, triggering merchants to take on slow-moving growth plans, states Knight Frank.
As a result, total strata office space sales quantity was partially more than the second half of last year, inching up just 0.6% to $699.6 million in 1H2025.
Remarkable strata retail purchases 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 transacted at $3,004 psf in 1H2025, compared to $2,999 psf in 2H2025.
