Mortgagee sale: Suntec City strata office unit going for $6.7 mil
As a commercial property, the unit is not subject to added buyer’s stamp obligation, and is available to foreign buyers.
Various other strata workplaces at Suntec City have actually also been put up for sale lately. Previous month, a pair of strata office space units at Suntec Tower One were launched for sale with an expression of interest exercise, which will finalize 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).
Suntec City underwent comprehensive possession enhancement initiatives in 2022, consisting of upgrades to entryway foyers, reception areas, concierge desks, airlift passages and restrooms.
Suntec Tower One is among Suntec City’s five Grade An office towers. Created in the mid-1990s, the integrated development on Temasek Blvd additionally includes a retail shopping mall, in addition to a convention and exhibition centre.
Based on lodged cautions, Suntec Tower One saw seven transactions last year, at a common resale price of $3,279 psf. The most latest purchase 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.
Different resale transactions at the tower ranged from $2,956 psf, as soon as a 2,131 sq ft unit on the 19th floor fetched $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.
The improvement benefits from protected connectivity to close-by transport nodes, including City Hall, Promenade and Esplanade MRT stations, providing links to the North-South, East-West, Downtown and Circle lines. It is also linked to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
The unit features a column-free design, which is regular of units in Tower One, allowing for effective workstation arrangements and collaborative rooms, adds Lee.
A 2,142 sq ft strata workplace 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 rate of $6.7 million, which equates to $3,128 psf based on the strata area.
According to Sharon Lee, executive director of public auction and sales at Knight Frank Singapore, this is the first time the building are going to be sell-off. It is going to be offered with its presenting occupancy, which will generate a rental return of more than 3.3%, based upon its overview rate.
Earlier this month, three full office levels were put on the market, comprising the 27th ground at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The accounts consists of 5 individual strata titles with a mixed location of 40,300 sq ft. It has an overview cost of $135 million, which calculates to $3,350 psf.
Cautions show that the unit for sale last shifted 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, amidst a lack of new strata-titled office supply because of URA limitations.
