2024-09-10-莱坊-Singapore_Strata_Commercial_Market_Update_H1_2024_3页_611kb
报告摘要
Singapore Property Market Analysis: H1 2024 Strata Office and Retail Summary
Strata Office Market
- Total sales volume: S$190.1 million, with 47 transactions in H1 2024.
- Transaction count: 154 deals, average price: S$2,190 psf (down 20.1% from H2 2023).
- High demand from private wealth groups and institutional investors due to limited new supply in CBD areas.
- Downtown Core recorded the highest office units sold, focusing on flexible, investment-oriented units through asset enhancement.
- Offered mix-and-match flexibility and recurring income potential, with opportunities for value-add initiatives.
Strata Retail Market
- Total sales volume: S$215.5 million, with 131 transactions in H1 2024.
- Transaction count: Declined 10.9% compared to S$44.1 million in H2 2023; average price: S$2,411 psf (down 21.1%).
- Market challenges include retail sector normalization, rising costs, and subdued interest, especially for units lacking traffic.
- Despite constraints, niche opportunities arise in affordable properties and fringe areas.
- Focuses on bite-size investments, with record sales in transit-oriented areas.
Overall Market Outlook
- Both segments feature low inventory and stable demand.
- Strata options provide alternatives for owners of larger properties; potential for future growth through subdivision and collective sales.
- Apartment typologies with freehold tenure remain attractive for recurring income, while leasehold units may offer leeway concerns.
- Anticipated strong continuation of interest from small retailers; sales volumes may rise to near 400-500 million by end of year.
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