Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The unit features a column-free layout, which is normal of units in Tower One, permitting reliable workstation arrangements and collaborative rooms, adds Lee.
Suntec City undertook considerable asset enhancement efforts in 2022, consisting of improvement to entrance lobbies, reception parts, assistant desks, airlift passages and toilets.
Earlier this month, 3 full office floors were put on the market, consisting of the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The portfolio contains 5 private strata titles with a combined location of 40,300 sq ft. It has an overview cost of $135 million, which calculates to $3,350 psf.
According to Sharon Lee, executive supervisor of public auction and sales at Knight Frank Singapore, this is the very first time the estate will be sell-off. It will be sold with its continuing occupancy, which will generate a rental yield of greater than 3.3%, based on its overview cost.
Springleaf Residence condominium
Other strata offices at Suntec City have also been offered recently. Previous month, a set of strata office space units at Suntec Tower One were launched for sale via an expression of interest exercise, which will finalize on May 5. The adjoining units, that have a total strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
Suntec Tower One is one of Suntec City’s five Grade A workplace towers. Developed in the mid-1990s, the integrated development on Temasek Blvd also includes a retail mall, along with a convention and exhibition centre.
Different resale purchases 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 came from the resale of an office floor, consisting of three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
The development gains from protected access to nearby transportation nodes, including City Hall, Promenade and Esplanade MRT terminals, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally connected to significant expressways like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
As a business property, the unit is exempt to added buyer’s stamp duty, and is open to foreign buyers.
Cautions reveal that the unit available last changed hands for around $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to bring in interest from both investors and end-users, in the middle of a scarcity of new strata-titled office space supply because of URA restrictions.
Based on lodged caveats, Suntec Tower One viewed seven purchases in 2025, at an average resale price of $3,279 psf. One of the most recent 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.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s coming real estate public auction on May 21 in a mortgagee sale. The property has a guide price of $6.7 million, which translates to $3,128 psf based on the strata area.
