Chart of the Day: Sales volume of huge strata offices surged in 2019

It led the surge of strata office deals in 2019 to $1.2b.

This chart from Knight Frank reveals that the total sales volume of strata office properties larger than 10,000 sqft surged about two-fold YoY to around $500m in 2019. Meanwhile, the sales volume for smaller properties held relatively steady.

Overall, the total value of strata-titled office units sold in 2019 leapt 30.4% YoY to $1.2b. Despite a decline in caveats lodged, the average price transacted psf in 2019 rose 8.8% as more buyers picked more offices in prime locations.

The sale of the nine-storey KH Kea Building recorded the priciest deal amongst strata office deals in this year, for $79.3m.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!