Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Earlier this month, 3 complete office levels were offered, comprising the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The portfolio consists of 5 private strata titles with a combined area of 40,300 sq ft. It has a guide rate of $135 million, which calculates to $3,350 psf.
According to Sharon Lee, managing director of public auction and sales at Knight Frank Singapore, this is the first time the building will be sell-off. It will be marketed with its existing occupancy, that will certainly generate a rental return of more than 3.3%, based upon its guide cost.
As a commercial property, the unit is exempt to additional buyer’s stamp duty, and is open to foreign buyers.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will be on the block at Knight Frank’s upcoming 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 based on the strata area.
Suntec Tower One is among Suntec City’s five Grade An office towers. Established in the mid-1990s, the integrated property development on Temasek Boulevard additionally features a retail shopping mall, as well as a convention and exhibition center.
The unit features a column-free layout, which is typical of units in Tower One, allowing for efficient workstation setups and collaborative rooms, includes Lee.
Suntec City went through considerable possession improvement initiatives in 2022, consisting of enhancement to entryway foyers, reception areas, assistant tables, airlift passages and washrooms.
Different resale deals at the tower ranged from $2,956 psf, when a 2,131 sq ft unit on the 19th level brought $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.
The improvement benefits from protected connection to close-by transport nodes, including City Hall, Promenade and Esplanade MRT stops, providing links to the North-South, East-West, Downtown and Circle lines. It is likewise linked to major expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Various other strata workplaces at Suntec City have actually also been offered just recently. Previous month, a set of strata office units at Suntec Tower One were launched for sale with an expression of interest exercise, which will close on May 5. The adjoining units, which have an overall strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
Based on lodged cautions, Suntec Tower One saw seven transactions in 2025, at an average resale price of $3,279 psf. One of the most current purchase 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 changed hands for about $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to attract interest from both investors and end-users, amidst a lack of brand-new strata-titled office source as a result of URA restrictions.
