2023-02-02-莱坊-Singapore_Strata_Commercial_Market_Update_H2_2022_3页_703kb

报告摘要

The strata commercial market saw increased investor interest in 2022.
This interest is expected to continue supporting strata units in 2023 if Singapore remains open to travel and business.

Spillover demand from the cooling of the private residential market is beginning to influence the strata office sector.
Investors are attracted by flight-to-safety investments, hedge against rental fluctuations, and capital appreciation.
Both local businesses and foreign private wealth are investing in strata office space for operational flexibility.

Strata Office (H2 2022):
- Total units transacted: 155, total value: S$743.1 million.
- Average price: S$2,655 psf, 60.9% increase YoY.
- Most transactions (111) were leasehold properties.
Strata Retail (H2 2022):
- Total units transacted: 117, total value: S$336.2 million (minor YoY decline but strong overall).
- Average price: S$2,070 psf, influenced by cautious market sentiment.
- Key transactions include high-value deals in areas like Hulk or Stars of Kovan.

Locations: Demand favors MRT-accessible areas, including older buildings and CBD/ suburban hubs.
Supply Constraints: Limited new strata office projects due to regulatory shifts; no launches in six years until 2023's Solitaire on Cecil.
Challenges: Economic uncertainties, e-commerce competition, inflation, and labor costs.
Infrastructure Focus: Solitaire on Cecil is expected to offer new product in evolving commercial zones.

Strata office market expected to remain steady with strong demand unless economic conditions worsen.
Strata retail anticipates a stabilized sales value between S$500 million and S$600 million, supported by cautious investment.
Key growth areas include Downtown Core and suburban MRT nodes.

The strata commercial market in Singapore shows resilience and continued interest in both office and retail sectors, driven by economic shifts and strategic investment.

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