Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The enhancement benefits from protected connectivity to nearby transport nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is likewise connected to major expressways such as the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
According to Sharon Lee, managing supervisor of auction and sales at Knight Frank Singapore, this is the very first time the building are going to be sell-off. It will be marketed with its continuing tenancy, which will create a rental return of more than 3.3%, based on its guide price.
The unit features a column-free format, which is common of units in Tower One, permitting reliable workstation setups and collective rooms, adds Lee.
As a business real estate, the unit is exempt to extra buyer’s stamp obligation, and is open 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 coming property auction on May 21 in a mortgagee sale. The estate has a guide price of $6.7 million, that translates to $3,128 psf formed on the strata area.
Based on lodged caveats, Suntec Tower One saw seven deals last year, at an average reselling price of $3,279 psf. The most current transaction 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.
Suntec City went through comprehensive property improvement efforts in 2022, including enhancement to entryway foyers, reception areas, concierge tables, airlift corridors and toilets.
Cautions suggest that the unit for sale last shifted hands for around $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to attract interest from both investors and end-users, in the middle of a lack of new strata-titled office source due to URA constraints.
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Earlier this month, three full office levels were offered, comprising the 27th ground at Suntec Tower One and the 12th and 13th levels at Suntec Tower Two. The accounts consists of 5 specific strata titles with a mixed location of 40,300 sq ft. It has an overview rate of $135 million, which calculates to $3,350 psf.
Other resale transactions at the tower varied from $2,956 psf, as soon as 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 level, making up 3 strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Other strata workplaces at Suntec City have also been put up for sale just recently. Last month, a set of strata workplace units at Suntec Tower One were introduced for sale via an expression of interest exercise, which are going to close on May 5. The adjoining units, that have a total strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
Suntec Tower One is one of Suntec City’s five Quality An office towers. Developed in the mid-1990s, the integrated development on Temasek Blvd additionally includes a retail shopping center, as well as a convention and exhibition center.
