Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Suntec Tower One is among Suntec City’s five Quality An office towers. Developed in the mid-1990s, the integrated development on Temasek Blvd also features a retail shopping mall, as well as a convention and exhibition centre.
As a commercial property, the unit is exempt to additional buyer’s stamp obligation, and is available to foreign buyers.
Suntec City underwent comprehensive possession improvement initiatives in 2022, consisting of improvement to entryway lobbies, reception areas, concierge tables, airlift lobbies and toilets.
Other strata offices at Suntec City have actually also been offered lately. Previous month, a set of strata office units at Suntec Tower One were released for sale through an expression of interest exercise, which are going to finalize on May 5. The adjoining units, that have an overall strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
The unit features a column-free design, which is regular of units in Tower One, allowing for effective workstation configurations and collective spaces, adds Lee.
A 2,142 sq ft strata business office unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s coming real estate public sale on May 21 in a mortgagee sale. The estate has a guide price of $6.7 million, that converts to $3,128 psf based upon the strata area.
The development gains from protected connectivity to neighboring transport nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is likewise attached to significant expressways such as the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
According to Sharon Lee, executive supervisor of auction and sales at Knight Frank Singapore, this is the very first time the property will be auctioned. It is going to be offered with its continuing occupancy, that will certainly generate a rental return of more than 3.3%, based on its guide rate.
Some other resale purchases at the tower varied from $2,956 psf, as soon as 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 floor, comprising 3 strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Based on lodged cautions, Suntec Tower One saw seven transactions in 2025, 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.
Earlier this month, three full workplace floors were sold, consisting of the 27th ground at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts contains 5 individual strata titles with a consolidated area of 40,300 sq ft. It has an overview price of $135 million, which calculates to $3,350 psf.
Cautions reveal that the unit for sale last changed hands for about $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to draw in interest from both investors and end-users, amid a lack of new strata-titled office supply because of URA restrictions.
