Mortgagee sale: Suntec City strata office unit going for $6.7 mil
As a commercial real estate, the unit is exempt to additional buyer’s stamp duty, and is extended to international buyers.
Based on lodged cautions, Suntec Tower One saw seven transactions last year, at an average resale price of $3,279 psf. The most latest 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.
The unit features a column-free layout, that is normal of units in Tower One, enabling reliable workstation configurations and collaborative rooms, includes Lee.
Other strata offices at Suntec City have also been offered recently. Last month, a set of strata workplace units at Suntec Tower One were launched for sale through an expression of interest exercise, which are going to close on May 5. The adjoining units, which have an overall strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
According to Sharon Lee, managing supervisor of auction and sales at Knight Frank Singapore, this is the very first time the building will be auctioned. It will be sold with its continuing tenancy, that will produce a rental yield of greater than 3.3%, based upon its overview price.
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 rate of $6.7 million, that equates to $3,128 psf based upon the strata area.
Cautions show that the unit available for sale last changed 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 lack of new strata-titled office supply as a result of URA constraints.
Other resale deals at the tower varied from $2,956 psf, the second a 2,131 sq ft unit on the 19th level fetched $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office floor, consisting of three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Earlier this month, 3 complete office floors were sold, comprising the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The portfolio contains 5 specific strata titles with a consolidated area of 40,300 sq ft. It has an overview cost of $135 million, which works out to $3,350 psf.
The improvement gains from protected connectivity to close-by transportation nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is likewise attached to significant expressways like the East Coastline Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Suntec City underwent extensive possession improvement initiatives in 2022, including upgrades to entrance foyers, reception spots, concierge areas, airlift corridors and bathrooms.
Suntec Tower One is just one of Suntec City’s five Quality A workplace towers. Created in the mid-1990s, the integrated property development on Temasek Boulevard likewise includes a retail mall, in addition to a convention and exhibition center.
