Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Earlier this month, 3 full office floors were put on the market, consisting of the 27th ground at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The accounts contains 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.
Different resale deals at the tower ranged from $2,956 psf, when a 2,131 sq ft unit on the 19th level fetched $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office level, making up three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Caveats indicate that the unit for sale last switched 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, amidst a shortage of new strata-titled office space supply because of URA constraints.
The improvement gains from sheltered connection to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT terminals, offering links to the North-South, East-West, Downtown and Circle lines. It is also connected to major expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
As a commercial real estate, the unit is exempt to added buyer’s stamp obligation, and is available to international buyers.
Suntec City undertook extensive possession enhancement campaigns in 2022, consisting of improvement to entryway lobbies, reception spots, concierge areas, airlift lobbies and washrooms.
Based on lodged cautions, Suntec Tower One viewed 7 deals last year, at a common resale 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 strata workplaces at Suntec City have also been actually offered lately. Previous month, a set of strata workplace units at Suntec Tower One were released for sale with an expression of interest exercise, which will finalize on May 5. The adjoining units, that have a total strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
Suntec Tower One is just one of Suntec City’s 5 Grade An office high rises. Developed in the mid-1990s, the integrated development on Temasek Blvd additionally features a retail mall, as well as a convention and exhibition center.
The unit features a column-free format, that is regular of units in Tower One, allowing for reliable workstation setups and collaborative spaces, adds Lee.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s coming property public auction on May 21 in a mortgagee sale. The estate has a guide cost of $6.7 million, which equates to $3,128 psf based upon the strata area.
According to Sharon Lee, managing director of auction and sales at Knight Frank Singapore, this is the very first time the building will be sell-off. It is going to be marketed with its continuing occupancy, that will produce a rental yield of more than 3.3%, based on its overview rate.
