Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The unit features a column-free design, that is typical of units in Tower One, allowing for efficient workstation arrangements and collaborative areas, adds Lee.
As a business real estate, the unit is exempt to additional buyer’s stamp obligation, and is open to international buyers.
Previously this month, three full workplace floors were sold, comprising the 27th floor at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The accounts consists of five specific strata titles with a consolidated area of 40,300 sq ft. It has an overview price of $135 million, which calculates to $3,350 psf.
Some other resale transactions at the tower varied 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 came from the resale of an office level, consisting of three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
According to Sharon Lee, managing director of auction and sales at Knight Frank Singapore, this is the very first time the property are going to be sell-off. It will be offered with its continuing occupancy, which will produce a rental return of more than 3.3%, based on its overview price.
Other strata offices at Suntec City have also been actually put up for sale recently. Last month, a pair of strata business office units at Suntec Tower One were released for sale via an expression of interest exercise, that will 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).
Based upon lodged caveats, Suntec Tower One viewed seven purchases last year, at an average resale price of $3,279 psf. 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 enhancement benefits from sheltered connection to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT stations, offering links to the North-South, East-West, Downtown and Circle lines. It is additionally connected to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Caveats indicate that the unit available last modified 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, in the middle of a scarcity of brand-new strata-titled office space source because of URA limitations.
Suntec City undertook comprehensive property improvement efforts in 2022, including enhancement to entryway foyers, reception spots, assistant areas, lift lobbies and toilets.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s next real property public sale on May 21 in a mortgagee sale. The property has a guide price of $6.7 million, which translates to $3,128 psf formed on the strata area.
Suntec Tower One is among Suntec City’s five Grade A workplace towers. Established in the mid-1990s, the integrated property development on Temasek Blvd likewise includes a retail shopping mall, along with a convention and exhibition center.
