Higher strata office and retail transacted values in 1H2025: Knight Frank
Strata commercial deals observed stable momentum in 1H2025, according to a research study record by Knight Frank Singapore. Caveats lodged show that both the strata office and strata retail industry reported higher negotiated values in the very first fifty percent of the year contrasted to the next fifty percent of past year.
According to Knight Frank, the Downtown Core and the Rochor planning locations saw the highest possible number of deals. Caveats lodged show 44 units in the Downtown Core changing hands for $471.1 million, though the company includes that the variety of actual packages might be higher, as some buyers decided on not to lodge signs.
Nevertheless, the firm marks that opportunities continue to be in both the strata office and strata retail markets. “Palatable and comparatively inexpensive cost quanta in these niche sectors provide timely and off-beat chances that can be appealing for cautious investors and end-users,” says Mary Sai, executive administrator for capital markets at Knight Frank Singapore.
Nonetheless, strata retail sales value totalled $292.3 million in 1H2025, 35.5% higher than the $215.8 million in 2H2024. The increase was underpinned by a slightly greater range of bigger deals, claims Knight Frank. While a lot of deals in 2H2024 were smaller deals of under $4 million, there were ten in 1H2025 that were above $5 million, including 4 transacted at over $15 million.
Looking in advance, the outlook for the strata business market stays unconfirmed, amidst a backdrop of escalating geopolitical stress, ongoing protectionist moves by the United States and aggravating global problems. Furthermore, the strata retail market remains to be weighed down by increasing operating costs and changing buyer behaviour, prompting stores to take on sluggish development plans, says Knight Frank.
In the strata retail market, there was an uptick in sales worth in 1H2025, despite a minimal dip in volume. There were 113 strata retail deals in the first fifty percent of the year, matched up to 116 in 2H2024. “Just like strata workplace units, certain strata retail purchases might not have been recorded as cautions were not lodged,” Knight Frank adds.
Among strata office complex in the Downtown Core, Manhattan House on Chin Swee Road emerged, logging 27 purchases in 1H2025. “A possible factor for the increased interest could be that clients were buying to take advantage of a chance for a possible en bloc sale to materialise,” the record adds.
The most significant strata office deal by absolute price in 1H2025 was the revenue 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.
In the strata office market, a total of 189 purchases were documented in 1H2025, higher than the 170 agreements listing in 2H2024. Nonetheless, the average unit price of strata office properties reselled slid, falling from $2,878 psf in 2H2024 to $2,787 psf in 1H2025.
Therefore, total strata workplace sales amount was marginally more than the 2nd fifty percent of last year, inching up just 0.6% to $699.6 million in 1H2025.
Noteworthy strata retail purchases in 1H2025 include the sale of units at Orchard Towers for $54.5 million, or $2,825 psf, in January. Typically, strata retail units transacted at $3,004 psf in 1H2025, contrasted to $2,999 psf in 2H2025.
