Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Earlier this month, three full office levels were offered, comprising the 27th level at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The accounts includes five specific strata titles with a consolidated location of 40,300 sq ft. It has a guide price of $135 million, which works out to $3,350 psf.
Based upon lodged cautions, Suntec Tower One saw seven transactions in 2025, at an average reselling price of $3,279 psf. The most recent transaction 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.
Other resale deals at the tower varied from $2,956 psf, when a 2,131 sq ft unit on the 19th floor brought $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office level, comprising 3 strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
The enhancement gains from protected connection to close-by transport nodes, including City Hall, Promenade and Esplanade MRT stations, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally connected to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
The unit features a column-free format, that is common of units in Tower One, allowing for effective workstation configurations and collaborative rooms, adds Lee.
Cautions show that the unit available last changed hands for about $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to attract interest from both investors and end-users, in the middle of a lack of brand-new strata-titled office supply due to URA restrictions.
Various other strata offices at Suntec City have also been put up for sale lately. Previous month, a pair of strata office units at Suntec Tower One were released for sale via an expression of interest exercise, that will close on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
Suntec City went through substantial property enhancement campaigns in 2022, consisting of upgrades to entrance lobbies, reception spots, concierge tables, airlift passages and restrooms.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s coming real property auction on May 21 in a mortgagee sale. The property has a guide cost of $6.7 million, which translates to $3,128 psf based on the strata area.
As a commercial property, the unit is exempt to added buyer’s stamp duty, and is extended to foreign buyers.
According to Sharon Lee, executive supervisor of auction and sales at Knight Frank Singapore, this is the very first time the estate will be auctioned. It will be marketed with its continuing occupancy, which will certainly create a rental return of more than 3.3%, based upon its overview rate.
Suntec Tower One is one of Suntec City’s 5 Quality An office towers. Created in the mid-1990s, the integrated development on Temasek Boulevard also features a retail shopping center, in addition to a convention and exhibition centre.
