Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Based upon lodged cautions, Suntec Tower One saw 7 purchases in 2025, at an average reselling price of $3,279 psf. One of the most current 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.
Cautions indicate that the unit available last shifted hands for around $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to bring in interest from both investors and end-users, amidst a lack of brand-new strata-titled workplace supply as a result of URA constraints.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s next real estate public auction on May 21 in a mortgagee sale. The estate has a guide rate of $6.7 million, which converts to $3,128 psf based upon the strata area.
As a commercial property, the unit is exempt to additional buyer’s stamp obligation, and is available to foreign buyers.
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 produce a rental return of greater than 3.3%, based upon its guide rate.
Other strata offices at Suntec City have also been offered lately. Last month, a set of strata office units at Suntec Tower One were launched for sale through an expression of interest exercise, that are going to close on May 5. The adjoining units, which have a total strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
The enhancement gains from protected connection to neighboring transport nodes, including City Hall, Promenade and Esplanade MRT stations, offering 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.
Suntec Tower One is one of Suntec City’s 5 Grade An office towers. Developed in the mid-1990s, the integrated development on Temasek Blvd additionally includes a retail shopping mall, as well as a convention and exhibition centre.
The unit includes a column-free format, which is regular of units in Tower One, allowing for reliable workstation setups and collective spaces, includes Lee.
Previously this month, 3 complete workplace floors were sold, comprising the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts consists of five specific strata titles with a combined location of 40,300 sq ft. It has a guide price of $135 million, which calculates to $3,350 psf.
Some other resale purchases at the tower varied from $2,956 psf, the second a 2,131 sq ft unit on the 19th level 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 City undertook comprehensive possession improvement campaigns in 2022, consisting of improvement to entryway lobbies, reception parts, concierge areas, airlift lobbies and bathrooms.
