Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Suntec City went through considerable property improvement efforts in 2022, including improvement to entryway foyers, reception spots, assistant tables, airlift corridors and bathrooms.
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 coming real property public auction on May 21 in a mortgagee sale. The estate has a guide cost of $6.7 million, which translates to $3,128 psf based upon the strata area.
The unit includes a column-free design, which is normal of units in Tower One, allowing for reliable workstation setups and collaborative rooms, includes Lee.
According to Sharon Lee, executive supervisor of public auction and sales at Knight Frank Singapore, this is the very first time the building will be auctioned. It is going to be marketed with its presenting occupancy, which will create a rental return of more than 3.3%, based on its guide rate.
As a commercial property, the unit is exempt to added buyer’s stamp obligation, and is extended to foreign buyers.
Earlier this month, 3 complete workplace levels were offered, comprising the 27th ground at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The portfolio includes 5 specific strata titles with a mixed location of 40,300 sq ft. It has a guide cost of $135 million, which works out to $3,350 psf.
Other strata offices at Suntec City have also been actually offered just recently. Last month, a set of strata business office units at Suntec Tower One were released for sale through an expression of interest exercise, that will 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).
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Cautions reveal that the unit available last shifted hands for about $4.61 million, or $2,150 psf, in November 2019. Lee anticipates the property to draw in interest from both investors and end-users, amid a scarcity of brand-new strata-titled office source because of URA restrictions.
Based upon lodged caveats, Suntec Tower One saw 7 purchases in 2025, at a common resale price of $3,279 psf. One of the most current 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.
Some other resale purchases at the tower varied 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 came from the resale of an office level, making up three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Suntec Tower One is just one of Suntec City’s five Quality A business office high rises. Established in the mid-1990s, the integrated development on Temasek Boulevard likewise features a retail shopping mall, in addition to a convention and exhibition centre.
The enhancement benefits from protected connectivity to close-by transport nodes, including City Hall, Promenade and Esplanade MRT stations, providing links to the North-South, East-West, Downtown and Circle lines. It is likewise connected to major expressways such as the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
