Higher strata office and retail transacted values in 1H2025: Knight Frank
The most significant strata office deal by outright value in 1H2025 was the revenue 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.
Because of this, total strata office sales amount was marginally more than the 2nd half of previous year, inching up just 0.6% to $699.6 million in 1H2025.
Among strata office complex in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 purchases in 1H2025. “A possible reason for the enhanced interest could be that clients were buying to make the most of an opportunity for a potential en bloc sale to happen,” the record adds in.
In the strata retail market, there was an uptick in sales value in 1H2025, regardless of a limited dip in volume. There were 113 strata retail deals in the first half of the year, compared to 116 in 2H2024. “As with strata workplace units, particular strata retail deals might not have actually been recorded as cautions were not lodged,” Knight Frank includes.
Looking ahead, the outlook for the strata industrial market stays speculative, in the middle of a background of rising geopolitical strains, continuous protectionist moves by the United States and worsening worldwide conditions. Additionally, the strata retail industry remains to be weighed down by rising operating costs and moving customer practices, triggering sellers to embrace slow growth strategies, claims Knight Frank.
In the strata office market, a total of 189 deals were recorded in 1H2025, higher than the 170 deals listing in 2H2024. Nonetheless, the common unit price of strata office real estates reselled declined, decreasing from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Strata business contracts viewed stable energy in 1H2025, according to a research record by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry recorded higher transacted valuations in the first half of the year contrasted to the second part of past year.
Significant strata retail deals in 1H2025 include the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Generally, strata retail units negotiated at $3,004 psf in 1H2025, measured up to $2,999 psf in 2H2025.
However, the firm marks that opportunities remain in both the strata workplace and strata retail markets. “Palatable and fairly inexpensive cost quanta in these specific niche sections offer timely and off-beat possibilities that can be appealing for cautious investors and end-users,” claims Mary Sai, executive supervisor 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 changing hands for $471.1 million, though the firm adds that the variety of real packages might be higher, as some buyers decided on not to lodge signs.
However, strata retail sales worth amounted to $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The boost was underpinned by a slightly higher range of bigger deals, claims Knight Frank. While the majority of transactions in 2H2024 were smaller offers of under $4 million, there were 10 in 1H2025 that were above $5 million, consisting of four transacted at above $15 million.
