Digest - Singapore Q4 2025
- Feb 10
- 1 min read
Investment
Singaporeʼs investment sales activity strengthened in 4Q 2025 to S$13.7 billion, supported by easing interest rates and currency stability. Buyers showed confidence with increased interest across Government Land Sales, retail, office and industrial segments.
Office
Office rents in the Central Region grew 0.4% QoQ in 4Q 2025 as island-wide occupancy rose to 95.1%, supported by 236,500 sq ft of net absorption. CBD shadow space tightened by 66,000 sq ft, even as total available shadow space increased to 432,000 sq ft NLA island-wide.
Industrial
Industrial property prices rose 1.4% QoQ in 4Q 2025, led by multiple-user factories, while overall occupancy dipped to 88.7% due to new completions. The JTC all-industrial rental index increased by 0.5% QoQ, led by warehouses (+1.1% QoQ) and a rebound in business park rents (+0.4% QoQ).
Retail
International visitor arrivals eased to 4.0 million in 4Q 2025, full year arrivals remained resilient at 16.9 million, with STB projecting further growth in 2026. Singaporeʼs retail market remained stable, with island-wide occupancy edging up to 93.7%, supported by resilient demand in Fringe/Suburban Areas and absorption of completed spaces in the city.
Residential
Overall prices in 4Q 2025 grew at a slower pace of 0.6% on the back of fewer project launches. For the whole of 2025, prices rose by 3.3%. Total sales hit a 4-year high in 2025 with 26,492 transactions. Rental prices dipped modestly while rental volume dipped by 27.4% to 19,771 in 4Q 2025 from 27,223 units in the preceding quarter.
Read the full insights here: https://etcsea.com/insight/singapore-4q-2025/
