Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Suntec City went through extensive property enhancement efforts in 2022, including upgrades to entrance lobbies, reception spots, concierge areas, airlift passages and toilets.
Various 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 launched for sale via an expression of interest exercise, that are going to finalize 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).
The improvement benefits from sheltered access to close-by transport nodes, including City Hall, Promenade and Esplanade MRT terminals, providing links to the North-South, East-West, Downtown and Circle lines. It is likewise linked to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Other resale deals at the tower ranged from $2,956 psf, when a 2,131 sq ft unit on the 19th floor fetched $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office floor, consisting of 3 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 around $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 scarcity of new strata-titled office supply due to URA limitations.
Based upon lodged cautions, Suntec Tower One viewed 7 deals last year, 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 floor for $8.1 million ($3,689 psf) in July 2025.
According to Sharon Lee, managing supervisor of public auction and sales at Knight Frank Singapore, this is the first time the estate are going to be sell-off. It is going to be sold with its continuing tenancy, that will generate a rental return of more than 3.3%, based on its overview price.
The unit features a column-free layout, which is common of units in Tower One, allowing for reliable workstation setups and collective spaces, includes Lee.
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 upcoming real estate public auction on May 21 in a mortgagee sale. The property has a guide rate of $6.7 million, which translates to $3,128 psf based on the strata area.
Suntec Tower One is one of Suntec City’s five Grade A business office towers. Developed in the mid-1990s, the integrated property development on Temasek Blvd additionally includes a retail mall, in addition to a convention and exhibition centre.
Earlier this month, 3 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 contains five individual strata titles with a consolidated area of 40,300 sq ft. It has a guide price of $135 million, which works out to $3,350 psf.
As a commercial property, the unit is exempt to additional buyer’s stamp duty, and is extended to international buyers.
