Figures

Singapore Figures Q1 2025

April 11, 2025 10 Minute Read

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Executive Summary

–Office: The office sector experienced a positive start to the year, with rents in the Core CBD (Grade A) submarket increasing by 0.8% q-o-q, following four consecutive quarters of flat rental growth.
–Business Parks: Newer buildings sparked some leasing activity through relocations and new setups. Properties with high vacancies continued to offer flexible lease terms and incentives.
–Retail: The City Hall/ Marina Centre submarket remained the outperformer in Q1 2025 amid strong demand for spaces. As a result, prime islandwide retail rents rose 0.6% q-o-q.
–Industrial: Prime logistics rents declined by 1.6% q-o-q in Q1 2025 after remaining flat in H2 2024. The occupancy rate in CBRE Research’s prime logistics basket fell from 95.5% in Q4 2024 to 94.0% in Q1 2025.
–Residential: New home sales held firm in Q1 2025 on the back of strong take-up at a slew of attractive new launches amid lower interest rates. Price growth eased on more realistic new launch price premiums.
–Investment: Preliminary real estate investment volumes for Q1 2025 fell 22.1% q-o-q (up 41.1% y-o-y) to $6.416 bn, mainly due to fewer large-ticket deals.