Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The development gains from sheltered connection to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT stops, offering links to the North-South, East-West, Downtown and Circle lines. It is additionally linked to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Caveats show that the unit for sale last switched hands for around $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to draw in interest from both investors and end-users, amidst a scarcity of new strata-titled workplace source as a result of URA constraints.
Different resale deals at the tower varied from $2,956 psf, when a 2,131 sq ft unit on the 19th level brought $6.3 million in March 2025; to $3,364 psf, which came from the resale of an office floor, making up three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
According to Sharon Lee, managing supervisor of auction and sales at Knight Frank Singapore, this is the very first time the estate will be sell-off. It will be marketed with its presenting tenancy, which will certainly create a rental yield of greater than 3.3%, based on its guide price.
Other strata workplaces at Suntec City have actually also been actually put up for sale recently. Previous month, a set of strata office space units at Suntec Tower One were launched for sale through an expression of interest exercise, which are going to close on May 5. The adjoining units, which have a total strata area of 7,395 sq ft, have a guide cost of $22.04 million ($2,980 psf).
The unit features a column-free format, that is typical of units in Tower One, allowing for efficient workstation configurations and collective rooms, includes Lee.
Previously this month, three full office levels were put on the market, consisting of the 27th level at Suntec Tower One and the 12th and 13th floors at Suntec Tower Two. The portfolio includes five specific strata titles with a combined area of 40,300 sq ft. It has a guide rate of $135 million, which works out to $3,350 psf.
Suntec Tower One is one of Suntec City’s 5 Grade A business office towers. Created in the mid-1990s, the integrated development on Temasek Blvd likewise includes a retail shopping mall, along with a convention and exhibition center.
Based upon lodged cautions, Suntec Tower One viewed 7 deals in 2025, at an average reselling 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.
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 estate auction on May 21 in a mortgagee sale. The estate has a guide price of $6.7 million, which translates to $3,128 psf formed on the strata area.
Suntec City went through considerable property improvement campaigns in 2022, including improvement to entrance foyers, reception spots, concierge areas, airlift passages and restrooms.
As a commercial real estate, the unit is not subject to added buyer’s stamp obligation, and is extended to foreign buyers.
