Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Based upon lodged cautions, Suntec Tower One viewed seven transactions last year, at an average reselling price of $3,279 psf. The most current deal 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.
Various other strata offices at Suntec City have also been actually put up for sale lately. Previous month, a set of strata business office units at Suntec Tower One were released for sale with an expression of interest exercise, that will close on May 5. The adjoining units, that have a complete strata area of 7,395 sq ft, have a guide cost of $22.04 million ($2,980 psf).
Suntec Tower One is one of Suntec City’s 5 Quality An office towers. Created in the mid-1990s, the integrated property development on Temasek Blvd likewise features a retail shopping center, as well as a convention and exhibition center.
Previously this month, 3 complete workplace floors were offered, comprising the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The portfolio consists of five specific strata titles with a mixed area of 40,300 sq ft. It has an overview cost of $135 million, which works out to $3,350 psf.
Cautions indicate that the unit available for sale last shifted hands for about $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 scarcity of new strata-titled office source due to URA restrictions.
As a business real estate, the unit is not subject to added buyer’s stamp duty, and is available to foreign buyers.
A 2,142 sq ft strata business office unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s next real estate auction on May 21 in a mortgagee sale. The estate has a guide cost of $6.7 million, which translates to $3,128 psf based upon the strata area.
The enhancement benefits from protected connection 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 also attached to significant expressways like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
According to Sharon Lee, executive director of 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 marketed with its continuing occupancy, that will produce a rental return of greater than 3.3%, based on its overview 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 floor, consisting of three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Suntec City underwent substantial asset enhancement efforts in 2022, consisting of improvement to entryway lobbies, reception spots, assistant desks, airlift passages and washrooms.
The unit features a column-free layout, which is typical of units in Tower One, allowing for effective workstation arrangements and collaborative spaces, includes Lee.
