Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Earlier this month, three complete workplace levels were sold, comprising the 27th level at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The portfolio consists of five individual strata titles with a combined location of 40,300 sq ft. It has an overview cost of $135 million, which calculates to $3,350 psf.
Some other resale purchases at the tower ranged 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 originated from the resale of an office level, making up 3 strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Other strata workplaces at Suntec City have actually also been actually put up for sale lately. Last month, a pair of strata office space units at Suntec Tower One were launched for sale through 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).
Suntec Tower One is one of Suntec City’s 5 Quality A business office high rises. Developed in the mid-1990s, the integrated property development on Temasek Boulevard also includes a retail mall, along with a convention and exhibition centre.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s next real property auction on May 21 in a mortgagee sale. The property has a guide rate of $6.7 million, which equates to $3,128 psf based upon the strata area.
According to Sharon Lee, managing director of public auction and sales at Knight Frank Singapore, this is the very first time the building are going to be sell-off. It will be sold with its existing tenancy, which will produce a rental yield of more than 3.3%, based upon its overview rate.
Based on lodged cautions, Suntec Tower One viewed 7 purchases last year, at a common resale price of $3,279 psf. One of the most latest 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.
Suntec City underwent extensive property improvement campaigns in 2022, consisting of upgrades to entryway foyers, reception parts, concierge areas, lift lobbies and restrooms.
The unit features a column-free layout, that is typical of units in Tower One, enabling effective workstation configurations and collective rooms, adds Lee.
The improvement benefits from protected connection to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally linked to major expressways such as the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Cautions reveal that the unit available for sale last shifted 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 scarcity of brand-new strata-titled workplace supply because of URA constraints.
As a commercial property, the unit is not subject to extra buyer’s stamp obligation, and is available to foreign buyers.
