Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Cautions reveal that the unit available for sale last modified hands for around $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to draw in interest from both investors and end-users, in the middle of a shortage of brand-new strata-titled office space supply because of URA restrictions.
The unit includes a column-free format, that is normal of units in Tower One, permitting reliable workstation setups and collective rooms, adds Lee.
A 2,142 sq ft strata business office unit at Suntec Tower One, in Suntec City, will be on the block at Knight Frank’s coming property public sale on May 21 in a mortgagee sale. The estate has a guide rate of $6.7 million, which equates to $3,128 psf formed on the strata area.
According to Sharon Lee, managing supervisor of public auction and sales at Knight Frank Singapore, this is the first time the property are going to be auctioned. It is going to be offered with its continuing tenancy, that will certainly create a rental return of more than 3.3%, based upon its guide rate.
Other resale transactions 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 three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Suntec City undertook substantial possession improvement efforts in 2022, consisting of improvement to entryway foyers, reception areas, concierge desks, lift passages and washrooms.
Earlier this month, 3 complete workplace floors were put on the market, consisting of the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The portfolio contains five individual strata titles with a mixed location of 40,300 sq ft. It has a guide rate of $135 million, which calculates to $3,350 psf.
Other strata workplaces at Suntec City have actually also been put up for sale just recently. Previous month, a set of strata business office units at Suntec Tower One were launched for sale with 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 cost of $22.04 million ($2,980 psf).
Based upon lodged cautions, Suntec Tower One viewed 7 purchases last year, at an average reselling price of $3,279 psf. One of the most latest deal 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.
The improvement benefits from protected connectivity to neighboring transportation nodes, including City Hall, Promenade and Esplanade MRT stations, providing links to the North-South, East-West, Downtown and Circle lines. It is additionally attached to major expressways like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Suntec Tower One is one of Suntec City’s five Quality A business office towers. Developed in the mid-1990s, the integrated property development on Temasek Boulevard also includes a retail shopping mall, in addition to a convention and exhibition centre.
As a commercial property, the unit is exempt to additional buyer’s stamp duty, and is open to international buyers.
