This report provides an analysis of District 16’s (D16) freehold landed private property market, with a focus on inventory trends, transaction volumes, and the supply-demand dynamics. Leveraging data from the Urban Redevelopment Authority (URA) and resale portals, we examined property listings by type (Inter-Terrace, Corner Terrace, SemiDetached, and Detached) and price quantum for September 2024 to April 2025. Our objective is to offer a clearer understanding of the market landscape, key opportunities, and growth trends within D16.
Contents
Key Themes
Office Market Under Pressure: Capital values and leasing in the Central Region are softening amid macro uncertainty, with vacancy rates rising and sales activity dropping sharply.
Industrial Sector Resilience: Prices continue to grow, especially for freehold, multiple-user factories and RCR assets. However, oversupply risks loom in warehouses and business parks.
Flight to Quality & Tenure: Across sectors, buyers and tenants show a clear preference for freehold assets and Fringe Region properties offering value and flexibility.
Investor Rotation: Industrial is increasingly viewed as an alternative asset class to residential due to no ABSD and better rental yields.
Strategic Implications
For Investors: Prioritise freehold industrial (esp. RCR & B1), or Fringe Area offices with tenant stickiness. Avoid business parks and CCR offices in oversupplied pockets.
For Occupiers: Capitalise on tenant-favorable lease terms in CBD; explore flight-to-quality upgrades as PSF spreads narrow.
For Developers: Adopt staggered release strategies for warehouses and business parks. Focus on tenure-secure, mid-size strata units in decentralised locations.
PLB Research Commercial & Industrial Market Report May 2025
Disclaimer: Information provided on the report is general in nature and does not constitute financial advice.
PropertyLimBrothers will endeavour to update the website as needed. However, information may change without notice and we do not guarantee the accuracy of information on the website, including information provided by third parties, at any particular time. Whilst every effort has been made to ensure that the information provided is accurate, individuals must not rely on this information to make a financial or investment decision. Before making any decision, we recommend you consult a financial planner or your bank to take into account your particular financial situation and individual needs. PropertyLimBrothers does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded, PropertyLimBrothers, its employees do not accept any liability for any error or omission on this website or for any resulting loss or damage suffered by the recipient or any other person.
