Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Cautions suggest that the unit available last modified hands for around $4.61 million, or $2,150 psf, in November 2019. Lee anticipates the property to attract interest from both investors and end-users, in the middle of a lack of new strata-titled office supply because of URA restrictions.
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 upcoming real estate public auction on May 21 in a mortgagee sale. The estate has a guide cost of $6.7 million, that translates to $3,128 psf based upon the strata area.
Various other strata offices at Suntec City have actually also been actually offered lately. Previous month, a set of strata office space units at Suntec Tower One were launched for sale via an expression of interest exercise, which are going to finalize on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
As a business real estate, the unit is not subject to additional buyer’s stamp duty, and is available to foreign buyers.
Some other resale purchases at the tower varied 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 originated from the resale of an office floor, comprising three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
The unit includes a column-free design, which is normal of units in Tower One, permitting efficient workstation arrangements and collaborative rooms, includes Lee.
Previously this month, 3 complete office floors were offered, consisting of the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts contains five specific strata titles with a combined location of 40,300 sq ft. It has a guide rate of $135 million, which calculates to $3,350 psf.
The enhancement benefits from sheltered connectivity to close-by transport nodes, including City Hall, Promenade and Esplanade MRT stations, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally linked to major expressways such as the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Pinetree Hill UOL Group & Singapore Land Limited
According to Sharon Lee, managing supervisor of public auction and sales at Knight Frank Singapore, this is the very first time the estate are going to be auctioned. It is going to be offered with its presenting tenancy, that will certainly create a rental yield of greater than 3.3%, based on its overview cost.
Suntec City went through extensive possession enhancement efforts in 2022, consisting of improvement to entryway lobbies, reception areas, concierge areas, lift corridors and bathrooms.
Suntec Tower One is just one of Suntec City’s five Grade A workplace high rises. Developed in the mid-1990s, the integrated development on Temasek Boulevard also includes a retail shopping mall, along with a convention and exhibition centre.
Based upon lodged cautions, Suntec Tower One saw 7 deals last year, 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 level for $8.1 million ($3,689 psf) in July 2025.
