The Biggest Commercial Property Profits and Losses, Month by Month
See which Singapore shops, offices and shophouses made their sellers the most when they sold, and which lost the most. Every resale is matched to the price its seller paid, straight from URA records.
Biggest Profits · August 2026
| # | ||
|---|---|---|
| 1 | 261 South Bridge Road · Freehold · 1,352 sqft · Shophouse | +546% |
| 2 | 85 Circular Road · Freehold · 1,075 sqft · Shophouse | +511% |
| 3 | Freehold · 1,068 sqft · Shophouse | +353% |
| 4 | #05-41 · Freehold · 205 sqft · Office | +240% |
| 5 | #01-70 · 67 yrs left · 183 sqft · Retail | +122% |
| 6 | Freehold · 949 sqft · Shophouse | +37.3% |
| 7 | #04-60 · Freehold · 452 sqft · Retail | +29.5% |
| 8 | #05-46 · 83 yrs left · 538 sqft · Office | +28.3% |
| 9 | #11-18 · 83 yrs left · 1,324 sqft · Office | +26.5% |
| 10 | #01-06 · 68 yrs left · 269 sqft · Retail | +22.4% |
| 11 | Freehold · 1,344 sqft · Shophouse | +21.3% |
| 12 | #04-15 · 50 yrs left · 388 sqft · Retail | +16.0% |
| 13 | #24-01 · 42 yrs left · 936 sqft · Office | +14.1% |
| 14 | #04-11 · Freehold · 291 sqft · Retail | +12.8% |
| 15 | #05-18 · Freehold · 334 sqft · Retail | +2.9% |
| 16 | #03-21 · 55 yrs left · 958 sqft · Retail | +0.9% |
| 17 | #01-01 · 41 yrs left · 269 sqft · Retail | +0.6% |
Profit is the sale price minus the price the seller paid, before stamp duty, fees and interest. Per Year spreads that profit over the years the property was held. Retail units, offices and shophouses only, from URA caveat records up to 27 Aug 2026.
What Commercial Winners and Losers does
Commercial Winners and Losers shows which Singapore retail units, offices and shophouses made their sellers the most money in any month since 1995 — and which lost the most. Every resale that month is matched to the price the same property was bought for, from URA's caveat records, so each figure is a real purchase and a real sale rather than an estimate. Rank by unit or by building, in percentage, in dollars or per year, and filter by type, by how long each property was held and by the lease it had left.
Real purchases, real sales
Each row is one property bought and later sold, matched by its address and unit number — no estimates, no asking prices.
Shops, offices and shophouses
Filter by type, so a shophouse held for decades is not read against a strata office bought last cycle.
The lease on every row
See how much lease each property had left when it sold, and filter by it.
Seen who made money on commercial property — now ask why.
Which types, locations and holding periods have done best for owners of shops, offices and shophouses.
PropKakiMostly yes — since 2020 about 1 in 25 shophouse resales sold at a loss, against about 1 in 4 office resales.
Questions About Commercial Winners and Losers
Where do these figures come from?
From URA's caveat records of commercial property sales. Each resale is matched to the same unit's previous purchase by its address and unit number, so every row is a price someone actually paid and a price someone actually received — no estimates and no asking prices.
Is the profit after stamp duty and fees?
No. It is the gross figure: the sale price minus the price the seller paid. Stamp duties, legal fees, agent commission, financing costs and anything spent on the property all come out of the real return, so what the seller kept is lower than the figure shown.
What does Per Year mean?
The profit spread evenly over the years the property was held, as a yearly rate. A property that doubled over 20 years grew about 3.5% a year; one that rose 20% in two years grew about 9.5% a year. Ranking by Per Year compares properties held for different lengths of time on the same footing.
Why do some shophouses show gains of several hundred percent?
Long holds compound. A shophouse bought in the 1990s and sold today can show a gain of several hundred percent. Filter by property type or by how long it was held to compare like with like, or rank by Per Year to see which grew fastest.
What does Lease Left mean?
The years left on the lease on the day the property sold, from the tenure recorded for the sale. Freehold includes 999-year leases. A lease runs down every year it is held, so a property with little lease left can be worth less each year even when prices around it are rising.
Why are some months' lists short?
Commercial property changes hands far less often than homes — only a few dozen resales a month can be matched to an earlier purchase, and fewer of those sold at a loss — so a month's list, and its list of buildings with two resales, can hold only a handful of rows.
How is a building ranked?
By the average result of its resales in the month, on whichever measure you rank by. A building needs at least two resales in the month — within the filters you choose — to be ranked, so one unusual sale cannot put a whole building at the top or the bottom of the list. Buildings are ranked one address at a time, so two blocks of the same development are ranked apart.
Which sales are left out?
Resales within six months of purchase, the first sale by a developer, any sale where the recorded floor area changed, any strata unit whose address does not name the unit, and any sale whose lease ends on a different date from the lease recorded when it was bought. Each of those compares two different properties, or a lease that changed, rather than one property bought and sold.
Why is the latest month marked as still coming in?
A sale is recorded when its caveat is lodged, which can be weeks after the option is exercised. The newest month keeps filling in after it ends, so its lists can still change until its records settle.