Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Suntec City undertook extensive property enhancement efforts in 2022, consisting of improvement to entryway lobbies, reception areas, concierge desks, lift lobbies and toilets.
Based upon lodged caveats, Suntec Tower One saw 7 purchases in 2025, at an average reselling price of $3,279 psf. One of the most current 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.
According to Sharon Lee, executive supervisor 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, that will certainly generate a rental return of greater than 3.3%, based upon its guide price.
Cautions indicate that the unit for sale last modified hands for about $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to draw in interest from both investors and end-users, in the middle of a shortage of new strata-titled office supply due to URA constraints.
The enhancement benefits from protected connection to close-by transportation nodes, including City Hall, Promenade and Esplanade MRT stops, offering links to the North-South, East-West, Downtown and Circle lines. It is also connected to significant expressways like the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Grand Dunman Singhaiyi Group Ltd
The unit includes a column-free format, which is regular of units in Tower One, permitting efficient workstation configurations and collective areas, includes Lee.
Suntec Tower One is one of Suntec City’s five Grade An office towers. Created in the mid-1990s, the integrated property development on Temasek Boulevard also features a retail shopping mall, in addition to a convention and exhibition centre.
Some other resale transactions at the tower varied from $2,956 psf, the second a 2,131 sq ft unit on the 19th level fetched $6.3 million in March 2025; to $3,364 psf, which came from the resale of an office level, consisting of 3 strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Various other strata workplaces at Suntec City have actually also been actually put up for sale just recently. Last month, a set of strata business office units at Suntec Tower One were introduced for sale via an expression of interest exercise, which will close on May 5. The adjoining units, that have a complete strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
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 public auction on May 21 in a mortgagee sale. The estate has a guide price of $6.7 million, that equates to $3,128 psf based on the strata area.
As a business property, the unit is exempt to additional buyer’s stamp duty, and is open to overseas buyers.
Previously this month, 3 complete workplace floors were sold, comprising the 27th ground at Suntec Tower One and the 12th and 13th floors at Suntec Tower Two. The portfolio includes five specific strata titles with a mixed area of 40,300 sq ft. It has a guide rate of $135 million, which calculates to $3,350 psf.
