Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The development benefits from sheltered connection to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally connected to significant expressways like the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Previously this month, three complete workplace levels were sold, consisting of the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The accounts consists of five private strata titles with a consolidated area of 40,300 sq ft. It has a guide rate of $135 million, which works out to $3,350 psf.
Based upon lodged caveats, Suntec Tower One viewed 7 purchases last year, at an average resale price of $3,279 psf. The most recent transaction there was the sale of a 2,196 sq ft unit on the 39th floor for $8.1 million ($3,689 psf) in July 2025.
The unit features a column-free format, which is typical of units in Tower One, enabling reliable workstation configurations and collective spaces, adds Lee.
Some other resale deals at the tower varied from $2,956 psf, the second a 2,131 sq ft unit on the 19th floor brought $6.3 million in March 2025; to $3,364 psf, which came from the resale of an office level, comprising three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Suntec Tower One is among Suntec City’s 5 Grade An office towers. Created in the mid-1990s, the integrated property development on Temasek Blvd likewise features a retail shopping center, in addition to a convention and exhibition centre.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s upcoming real property public auction on May 21 in a mortgagee sale. The estate has a guide cost of $6.7 million, which translates to $3,128 psf based on the strata area.
Other strata workplaces at Suntec City have actually also been offered lately. Previous month, a pair of strata office space units at Suntec Tower One were released for sale via an expression of interest exercise, which are going to finalize on May 5. The adjoining units, which have a total strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
Suntec City underwent extensive property improvement campaigns in 2022, including improvement to entryway lobbies, reception parts, assistant desks, airlift passages and washrooms.
Cautions suggest that the unit available last switched hands for about $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to draw in interest from both investors and end-users, amidst a lack of brand-new strata-titled office supply due to URA restrictions.
According to Sharon Lee, managing director of auction and sales at Knight Frank Singapore, this is the first time the estate will be sell-off. It will be sold with its presenting tenancy, that will certainly create a rental return of more than 3.3%, based on its overview rate.
As a business real estate, the unit is exempt to additional buyer’s stamp duty, and is available to overseas buyers.
