Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The unit features a column-free layout, that is common of units in Tower One, enabling efficient workstation configurations and collaborative rooms, includes Lee.
Other resale transactions at the tower varied 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 came from the resale of an office floor, consisting of 3 strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Suntec Tower One is one of Suntec City’s five Grade A workplace high rises. Created in the mid-1990s, the integrated property development on Temasek Boulevard additionally includes a retail shopping mall, as well as a convention and exhibition centre.
According to Sharon Lee, executive director of public auction and sales at Knight Frank Singapore, this is the very first time the estate will be auctioned. It is going to be offered with its existing occupancy, which will certainly generate a rental yield of greater than 3.3%, based on its overview price.
Suntec City undertook substantial asset improvement campaigns in 2022, consisting of upgrades to entrance lobbies, reception parts, concierge desks, lift corridors and washrooms.
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 property has a guide price of $6.7 million, which equates to $3,128 psf based on the strata area.
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Cautions suggest that the unit available for sale last modified hands for around $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to attract interest from both investors and end-users, amid a scarcity of new strata-titled office source due to URA restrictions.
As a commercial real estate, the unit is not subject to extra buyer’s stamp duty, and is open to overseas buyers.
The development benefits from sheltered access to close-by transport nodes, including City Hall, Promenade and Esplanade MRT stations, providing links to the North-South, East-West, Downtown and Circle lines. It is also linked to significant expressways like the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Other strata offices at Suntec City have actually also been actually offered recently. Previous month, a set of strata workplace units at Suntec Tower One were introduced for sale with 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 cost of $22.04 million ($2,980 psf).
Earlier this month, three full office levels were offered, consisting of the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The accounts consists of five private strata titles with a mixed location of 40,300 sq ft. It has an overview cost of $135 million, which calculates to $3,350 psf.
Based on lodged cautions, Suntec Tower One viewed seven purchases in 2025, at an average reselling price of $3,279 psf. The most current 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.
