Singapore Figures Q3 2025

Executive Summary

• Office: The Singapore office market continued its upward trajectory in Q3 2025, with Core CBD (Grade A) rents increasing 0.8% q-o-q to $12.20 psf/month.
• Business Parks: Year-to-date net absorption stands strong at 1.27 mil. sq. ft., driven by take-up of new projects. However, momentum may ease with no further completions in 2025.
• Retail: In Q3 2025, the City Hall/Marina Centre and Orchard submarkets led performance, driven by sustained demand for prime retail spaces. As a result, islandwide prime retail rents recorded a 0.5% q-o-q increase, extending the growth of 0.7% q-o-q in the previous quarter.
• Industrial: Prime logistics rents increased by 1.1% q-o-q in Q3 2025, recovering from a 0.5% q-o-q dip last quarter. Average rents for warehouse and factory segments remained flat.
• Residential: New home sales in Singapore surged in Q3 2025 on the back of robust take-up at bumper new launches. Private home price growth accelerated on firm prices at new launches.
• Investment: Preliminary real estate investment volumes for Q3 2025 surged 64.3% q-o-q (up 10.3% y-o-y) to $10.294 bn, a 7-year quarterly high. The quarter witnessed an improvement in investor sentiment on easing of domestic interest rates and de-escalation of trade tensions.