Higher strata office and retail transacted values in 1H2025: Knight Frank
Strata business deals viewed stable energy in 1H2025, according to a research study report by Knight Frank Singapore. Cautions lodged show that both the strata office and strata retail industry recorded higher transacted values in the first fifty percent of the year compared to the next fifty percent of past year.
According to Knight Frank, the Downtown Core and the Rochor planning areas saw the highest variety of transactions. Caveats lodged show 44 units in the Downtown Core switching hands for $471.1 million, though the firm adds that the number of actual packages might be greater, as some purchasers selected not to lodge caveats.
Because of this, total strata office sales quantity 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 stood out, logging 27 deals in 1H2025. “A possible factor for the enhanced interest could be that investors were buying to take advantage of a possibility for a prospective en bloc sale to happen,” the report adds.
However, strata retail sales worth completed $292.3 million in 1H2025, 35.5% more than the $215.8 million in 2H2024. The rise was underpinned by a somewhat much higher lot of bigger deals, says Knight Frank. While the majority of deals in 2H2024 were smaller sized bargains of under $4 million, there were ten in 1H2025 that were above $5 million, including four transacted at over $15 million.
Lyndenwoods UOL Group Limited and Singapore Land Group (Singland)
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 first fifty percent of the year, matched up to 116 in 2H2024. “Similar to strata workplace units, certain strata retail deals may not have actually been recorded as cautions were not lodged,” Knight Frank includes.
Looking ahead, the expectation for the strata industrial market continues to be unconfirmed, amidst a background of escalating geopolitical pressures, ongoing protectionist steps by the United States and aggravating global problems. In addition, the strata retail sector continues to be weighed down by increasing operating costs and changing consumer behavior, motivating sellers to take on slow-moving growth programs, says Knight Frank.
In the strata office market, a total of 189 transactions were filed in 1H2025, more than the 170 offers registered in 2H2024. Nevertheless, the common unit cost of strata office real estates marketed declined, dropping from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Noteworthy strata retail deals in 1H2025 consist of 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 notes that possibilities continue to be in both the strata workplace and strata retail markets. “Palatable and somewhat affordable price quanta in these specific niche segments provide prompt and off-beat chances that can be appealing for careful investors and end-users,” claims Mary Sai, executive supervisor for capital markets at Knight Frank Singapore.
The most significant strata office deal by outright price in 1H2025 was the revenue of numerous units at 20 Collyer Quay for $91.8 million in March, adhered to by the sale of 3 units at Tokio Marine Centre in January for $67.5 million.
