Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The unit features a column-free design, that is normal of units in Tower One, enabling effective workstation configurations and collective rooms, includes Lee.
Suntec City underwent extensive asset improvement initiatives in 2022, including upgrades to entryway foyers, reception spots, concierge desks, lift lobbies and restrooms.
According to Sharon Lee, executive supervisor of public auction and sales at Knight Frank Singapore, this is the very first time the building will be sell-off. It will be marketed with its presenting tenancy, that will generate a rental return of more than 3.3%, based on its overview price.
The improvement gains from protected connection to neighboring transportation nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is likewise linked to significant expressways such as the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
A 2,142 sq ft strata business office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s next property public sale on May 21 in a mortgagee sale. The property has a guide price of $6.7 million, which equates to $3,128 psf based upon the strata area.
Suntec Tower One is just one of Suntec City’s five Quality A workplace towers. Developed in the mid-1990s, the integrated development on Temasek Boulevard likewise features a retail shopping mall, in addition to a convention and exhibition center.
Caveats reveal that the unit for sale last switched hands for around $4.61 million, or $2,150 psf, in November 2019. Lee anticipates the property to attract interest from both investors and end-users, in the middle of a shortage of brand-new strata-titled office supply because of URA constraints.
As a commercial real estate, the unit is exempt to added buyer’s stamp obligation, and is extended to foreign buyers.
Other strata workplaces at Suntec City have also been offered just recently. Previous month, a set of strata office space units at Suntec Tower One were released for sale via an expression of interest exercise, which will close on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
Different resale deals at the tower varied from $2,956 psf, as soon as a 2,131 sq ft unit on the 19th level brought $6.3 million in March 2025; to $3,364 psf, which came from the resale of an office floor, consisting of three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Based upon lodged cautions, Suntec Tower One viewed 7 deals last year, at a common reselling price of $3,279 psf. One of the most current purchase there was the sale of a 2,196 sq ft unit on the 39th level for $8.1 million ($3,689 psf) in July 2025.
Earlier this month, three complete workplace floors were offered, making up the 27th floor at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The accounts includes 5 private strata titles with a combined area of 40,300 sq ft. It has a guide price of $135 million, which works out to $3,350 psf.
