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Lower funding costs, firm fundamentals to fuel appetite for Singapore commercial real estate 

Office and industrial deals are the flavour of the year; interest in the living and hospitality sectors has also risen

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Jessie Lim

Jessie Lim

Published Wed, Dec 17, 2025 · 08:14 PM
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    • The year's largest real estate deal in Singapore so far is the sale of a one-third share in MBFC Tower 3 by Hongkong Land to Keppel Reit for S$1.45 billion.
    • The year's largest real estate deal in Singapore so far is the sale of a one-third share in MBFC Tower 3 by Hongkong Land to Keppel Reit for S$1.45 billion. PHOTO: BT FILE

    [SINGAPORE] Favourable financing terms and firm fundamentals will fuel investor appetite for Singapore commercial real estate, after a year buoyed by big-ticket office and industrial deals, analysts said.

    Real estate investment sales for the first three quarters of the year in Singapore totalled US$9.1 billion, an 11 per cent increase from the same period in 2024, data from JLL showed.

    That’s not counting three major deals announced in December: the sale of Hongkong Land’s one-third stake in Marina Bay Financial Centre (MBFC) Tower 3 to Keppel Real Estate Investment Trust (Reit) for S$1.45 billion; Brookfield’s acquisition of eight industrial properties from ESR for S$338.1 million; and the sale of Clementi Mall for S$809 million.

    Outlook 2026Singapore commercial propertycommercial real estate

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