Office Report — Q4 2025

• CBD continued to reinforce its position as Singapore’s business core, with island-wide office occupancy rising to 95.1%, the highest level since Q1 2024, driven primarily by net absorption in the CBD.

• Office rents in the Central Region edged up modestly, with the URA office rental index increasing 0.4% QoQ in Q4 2025, supported mainly by premium Marina Bay rents, while most Grade A CBD rents remained stable.

• Office capital values continued to soften, as the Central Region office price index fell 0.7% QoQ in Q4 2025, even as transaction activity remained supported by large-ticket CBD deals such as MBFC Tower 3.

Read the full report here: https://www.orangetee.com/ResearchHub/ResearchHubPage?rhid=5dH8ObLKo1k=