Total strata office transactions increased from 330 deals in 2024 to 354 deals in 2025, representing a 7.3% year on year increase. This sustained level of activity highlights continued investor participation and confidence in strata titled office assets. Strata offices remain attractive to buyers due to their flexible ownership structures and relatively manageable investment quantum compared with whole building acquisitions. At the same time, structural factors such as limited new supply of strata titled office units and the desire for assets offering long term income visibility continue to support investor interest in this segment. 

High value strata office transactions also continued to take place during 2025, particularly within the Central Business District. Several notable transactions were recorded in prime buildings such as 20 Collyer Quay, Tokio Marine Centre, and 108 Robinson Road. The concentration of these transactions within District 1 highlights the enduring appeal of core CBD locations such as Raffles Place, Marina Bay, and Tanjong Pagar. These areas benefit from strong corporate clustering, established financial and professional services ecosystems, and excellent connectivity. As a result, buyers appear willing to commit significant capital to secure ownership in buildings that offer strong tenant appeal, efficient layouts, and long-term relevance within Singapore’s office landscape. 

From a leasing perspective, the office rental market remained broadly stable across Singapore’s major regions throughout 2025. Rental levels in fringe and decentralised regions also showed relatively stable performance, reflecting a balanced occupier market. Businesses appear to be making leasing decisions based primarily on operational needs, workforce considerations, and long-term location strategies rather than short term market fluctuations. 

Looking ahead to 2026, the Singapore office market is expected to continue progressing toward a more balanced and sustainable footing. Improving occupancy conditions, limited availability of quality office supply, and the resilience of key services sectors such as finance, information technology, and professional services are expected to support occupier demand. While ongoing geopolitical developments, including tensions in the Middle East, may introduce a degree of global uncertainty, Singapore’s reputation as a stable and well-regulated business hub continues to underpin corporate confidence. During periods of geopolitical volatility, multinational firms often prioritise stability and operational continuity, which may further reinforce Singapore’s attractiveness as a regional headquarters location. 

At the occupier level, companies are increasingly refining their workplace strategies, focusing on right sizing office footprints, consolidating operations, and upgrading into higher quality workspaces that support collaboration, talent attraction, and productivity. Consequently, newer Grade A developments in prime and well-connected locations are likely to remain particularly attractive to tenants who prioritise building quality, sustainability features, and accessibility to transport nodes and amenities. 

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Prepared By:

Mohan Sandrasegeran

Head of Research & Data Analytics

Email: mohan@sri.com.sg