Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The unit features a column-free layout, which is typical of units in Tower One, enabling efficient workstation arrangements and collaborative areas, adds Lee.
Previously this month, 3 full workplace levels were put on the market, making up the 27th floor at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The accounts includes 5 individual strata titles with a consolidated area of 40,300 sq ft. It has an overview cost of $135 million, which works out to $3,350 psf.
Caveats suggest 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 bring in interest from both investors and end-users, amid a scarcity of brand-new strata-titled office space source because of URA limitations.
As a commercial real estate, the unit is exempt to additional buyer’s stamp duty, and is open to international buyers.
Suntec Tower One is among Suntec City’s 5 Grade A workplace high rises. Created in the mid-1990s, the integrated development on Temasek Boulevard likewise includes a retail shopping mall, along with a convention and exhibition centre.
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 estate has a guide price of $6.7 million, that converts to $3,128 psf based upon the strata area.
Suntec City undertook comprehensive property enhancement campaigns in 2022, consisting of enhancement to entryway foyers, reception areas, concierge desks, airlift lobbies and bathrooms.
Other resale transactions at the tower ranged 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, making up three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Based upon lodged caveats, Suntec Tower One saw 7 transactions in 2025, at a common reselling price of $3,279 psf. The most latest 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.
According to Sharon Lee, executive supervisor of auction and sales at Knight Frank Singapore, this is the first time the property are going to be sell-off. It will be sold with its existing tenancy, that will certainly generate a rental yield of greater than 3.3%, based on its overview rate.
The development benefits from protected connection to nearby transport nodes, including City Hall, Promenade and Esplanade MRT terminals, providing links to the North-South, East-West, Downtown and Circle lines. It is also linked to major expressways such as the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Other strata offices at Suntec City have actually also been actually offered just recently. Previous month, a set of strata workplace units at Suntec Tower One were introduced for sale via an expression of interest exercise, which are going to close on May 5. The adjoining units, which have an overall strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
