Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Based on lodged cautions, Suntec Tower One saw 7 purchases last year, at an average 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 level for $8.1 million ($3,689 psf) in July 2025.
Suntec City went through comprehensive possession improvement efforts in 2022, consisting of improvement to entrance lobbies, reception areas, concierge tables, airlift lobbies and bathrooms.
As a commercial real estate, the unit is not subject to additional buyer’s stamp duty, and is available to overseas buyers.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s upcoming real estate public sale on May 21 in a mortgagee sale. The estate has a guide price of $6.7 million, which converts to $3,128 psf formed on the strata area.
The development gains from protected connection to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT terminals, offering links to the North-South, East-West, Downtown and Circle lines. It is additionally linked to major expressways like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Cautions show that the unit for sale last modified 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, amidst a shortage of new strata-titled workplace supply because of URA constraints.
Other strata offices at Suntec City have actually also been put up for sale recently. Last month, a pair of strata office units at Suntec Tower One were released for sale through an expression of interest exercise, which are going to close on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
Some other resale purchases at the tower ranged from $2,956 psf, the second a 2,131 sq ft unit on the 19th level brought $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office floor, consisting of three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Earlier this month, 3 complete office levels were offered, making up the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The portfolio includes 5 specific strata titles with a mixed location of 40,300 sq ft. It has a guide rate of $135 million, which works out to $3,350 psf.
Suntec Tower One is one of Suntec City’s 5 Quality A workplace high rises. Developed in the mid-1990s, the integrated development on Temasek Boulevard additionally features a retail shopping mall, in addition to a convention and exhibition center.
The unit features a column-free format, that is typical of units in Tower One, allowing for reliable workstation setups and collaborative spaces, adds Lee.
According to Sharon Lee, executive supervisor of public auction and sales at Knight Frank Singapore, this is the very first time the building are going to be auctioned. It is going to be offered with its continuing occupancy, that will create a rental yield of more than 3.3%, based upon its guide rate.
