Singapore Figures Q4 2025

Executive Summary

• Office: Rents rose by 2.9% in 2025, outperforming the modest 0.4% increase recorded in 2024. Market performance was bolstered by a low vacancy environment.
• Business Parks: Net absorption surged to 1.20 mil sq. ft., more than double the 0.57 mil sq. ft. recorded in 2024. However, leasing momentum eased towards year-end. 
• Retail: In Q4 2025, rents in all submarkets grew, led by the City Hall/Marina Centre area. Consequently, islandwide prime retail rents increased by 0.5% q-o-q, lifting full‑year growth to 2.4%.
• Industrial: Prime logistics rents rose by 1.1% q-o-q in Q4 2025, matching last quarter’s growth. Average warehouse rents edged up by 0.5% q-o-q, while factory rents remained flat. 
• Residential: New home sales slowed in Q4 2025 on fewer launches and the December holiday lull, but reached a 4-year high of 10,795 units for the full year. Private home prices grew 3.4% in 2025. 
• Investment: Preliminary real estate investment volumes in Q4 2025 fell 10.4% q-o-q (up 15.6% y-o-y) to $9.643 bn. Private investment volumes for 2025 rose 10.8%, supported by sharply lower domestic interest rates.