Chart from Knight Frank

Leasehold strata office sales climb 7.8% HoH to 114 in 2H23

Sales value for the period was $291.7m.

More leasehold strata offices were sold than freehold ones in 2H23, data from Knight Frank showed.

One hundred fourteen (114)  leasehold properties changed hands in H2 2023, whilst there were only 42 freehold strata office transactions during the period.

The total value of leasehold sales was $291.7m, whilst freehold sales value came in at $226.3m. 

Compared to 1H23, leasehold sales were up 7.8%, whilst freehold sales were down 41.4%.

Meanwhile, both leasehold and freehold markets recorded a decrease in their average unit prices, dipping 1.6%  to $2,448 psf and 13.5% to $3,235 psf, respectively.

Follow the link for more news on

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!