Strata retail market sales down to 113 in H1

The total sales value is at $184.2m.

The transactions in the strata retail market went down from $351.5m in H2 2022 to $184.2m in H1 2023, according to a Knight Frank report.

The most noteworthy transaction in H1 2023 was the sale of two freehold strata units at Oxley Tower in the Downtown Core Planning Area for $21m in June. 

Apart from this sale, the other 112 strata retail unit sales completed in H1 2023 were under $10m with 44 transactions under $1m. 

Knight Frank forecasts that interest in strata retail units is expected to stabilise even though there are higher interests in shophouses and office units.

“Individual retail investors with modest appetites as well as established corporate companies that include shop and F&B chain operators eyeing a larger strata retail component in an integrated mixed development, will continue to be on the lookout for strata retail investment opportunities,” it said.