Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The enhancement benefits from sheltered access to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT terminals, providing links to the North-South, East-West, Downtown and Circle lines. It is likewise attached to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s upcoming real property public auction on May 21 in a mortgagee sale. The property has a guide cost of $6.7 million, which converts to $3,128 psf formed on the strata area.
Suntec City went through considerable property enhancement campaigns in 2022, including upgrades to entryway lobbies, reception spots, assistant areas, airlift corridors and washrooms.
Previously this month, three complete office floors were sold, consisting of the 27th level at Suntec Tower One and the 12th and 13th floors at Suntec Tower Two. The accounts contains 5 specific strata titles with a mixed location of 40,300 sq ft. It has a guide price of $135 million, which works out to $3,350 psf.
Based on lodged cautions, Suntec Tower One saw seven purchases last year, at a common resale price of $3,279 psf. One of 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.
As a commercial real estate, the unit is not subject to added buyer’s stamp duty, and is available to international buyers.
Different resale transactions 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, making up three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Caveats reveal that the unit available for sale last switched 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 office supply as a result of URA restrictions.
According to Sharon Lee, managing director of auction and sales at Knight Frank Singapore, this is the very first time the estate will be auctioned. It is going to be marketed with its presenting occupancy, which will produce a rental return of more than 3.3%, based on its overview cost.
Various other strata offices at Suntec City have also been actually offered just recently. Previous month, a pair of strata business office units at Suntec Tower One were released for sale through an expression of interest exercise, that are going to finalize on May 5. The adjoining units, that have a complete strata area of 7,395 sq ft, have a guide cost of $22.04 million ($2,980 psf).
The unit features a column-free layout, that is normal of units in Tower One, allowing for effective workstation setups and collaborative rooms, adds Lee.
Suntec Tower One is among Suntec City’s 5 Grade An office high rises. Established in the mid-1990s, the integrated development on Temasek Blvd also includes a retail mall, as well as a convention and exhibition centre.
