Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Cautions reveal that the unit for sale last modified 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, amidst a shortage of brand-new strata-titled office space source as a result of URA restrictions.
Suntec Tower One is among Suntec City’s five Quality An office towers. Established in the mid-1990s, the integrated property development on Temasek Blvd likewise features a retail mall, as well as a convention and exhibition centre.
Lentor Gardens Residences condo
The unit features a column-free format, that is typical of units in Tower One, permitting effective workstation setups and collective rooms, adds Lee.
Other strata offices at Suntec City have actually also been actually put up for sale lately. Previous month, a pair of strata office space units at Suntec Tower One were introduced for sale via an expression of interest exercise, which are going to finalize on May 5. The adjoining units, that have a complete strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
According to Sharon Lee, managing supervisor of auction and sales at Knight Frank Singapore, this is the first time the property are going to be auctioned. It is going to be offered with its existing occupancy, that will produce a rental yield of more than 3.3%, based on its guide price.
The development gains from protected connection to nearby transport 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 like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
As a business real estate, the unit is not subject to additional buyer’s stamp duty, and is available to foreign buyers.
Some other resale deals at the tower ranged from $2,956 psf, as soon as 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, comprising 3 strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Previously this month, three full office levels were offered, comprising the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The portfolio consists of five private strata titles with a combined location of 40,300 sq ft. It has a guide cost of $135 million, which calculates to $3,350 psf.
Suntec City undertook comprehensive asset enhancement campaigns in 2022, including upgrades to entrance lobbies, reception spots, concierge areas, lift corridors and bathrooms.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s upcoming property public auction on May 21 in a mortgagee sale. The estate has a guide cost of $6.7 million, that equates to $3,128 psf formed on the strata area.
Based on lodged caveats, Suntec Tower One viewed seven deals last year, at an average resale 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.
