Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Based on lodged cautions, Suntec Tower One saw 7 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 level for $8.1 million ($3,689 psf) in July 2025.
The unit features a column-free layout, which is typical of units in Tower One, allowing for efficient workstation configurations and collaborative areas, includes Lee.
The development gains from protected connection to nearby transport nodes, including City Hall, Promenade and Esplanade MRT stops, offering links to the North-South, East-West, Downtown and Circle lines. It is also attached to major expressways like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Suntec City went through substantial asset enhancement efforts in 2022, including improvement to entrance lobbies, reception areas, concierge tables, lift lobbies and restrooms.
Earlier this month, three complete office floors were offered, consisting of the 27th ground at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts includes 5 individual strata titles with a mixed area of 40,300 sq ft. It has an overview price of $135 million, which calculates to $3,350 psf.
Caveats reveal that the unit available for sale last switched hands for around $4.61 million, or $2,150 psf, in November 2019. Lee anticipates the property to bring in interest from both investors and end-users, amid a scarcity of brand-new strata-titled workplace supply as a result of URA limitations.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s coming real estate auction on May 21 in a mortgagee sale. The estate has a guide rate of $6.7 million, that equates to $3,128 psf formed on the strata area.
Suntec Tower One is among Suntec City’s 5 Quality A business office towers. Established in the mid-1990s, the integrated property development on Temasek Blvd also includes a retail shopping center, as well as a convention and exhibition centre.
According to Sharon Lee, managing supervisor of public auction and sales at Knight Frank Singapore, this is the first time the estate are going to be auctioned. It will be offered with its continuing tenancy, that will certainly generate a rental return of greater than 3.3%, based on its guide cost.
Some other resale transactions at the tower varied from $2,956 psf, when a 2,131 sq ft unit on the 19th floor brought $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office level, making up 3 strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
As a commercial real estate, the unit is exempt to extra buyer’s stamp obligation, and is open to international buyers.
Various other strata workplaces at Suntec City have also been actually put up for sale lately. Last month, a set of strata workplace units at Suntec Tower One were launched for sale via an expression of interest exercise, that will 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).
