Mortgagee sale: Suntec City strata office unit going for $6.7 mil
The unit includes a column-free format, which is regular of units in Tower One, permitting reliable workstation configurations and collective spaces, adds Lee.
Previously this month, 3 complete office floors were offered, comprising the 27th level at Suntec Tower One and the 12th and 13th floors at Suntec Tower 2. The portfolio consists of 5 specific strata titles with a mixed area of 40,300 sq ft. It has an overview price of $135 million, which works out to $3,350 psf.
According to Sharon Lee, managing supervisor of public auction and sales at Knight Frank Singapore, this is the first time the property are going to be auctioned. It is going to be sold with its presenting tenancy, which will certainly produce a rental yield of more than 3.3%, based upon its overview rate.
A 2,142 sq ft strata office unit at Suntec Tower One, in Suntec City, will be on the block at Knight Frank’s coming property public auction on May 21 in a mortgagee sale. The property has a guide price of $6.7 million, which converts to $3,128 psf formed on the strata area.
Various other strata offices at Suntec City have actually also been actually offered lately. Last month, a pair of strata business office units at Suntec Tower One were launched for sale with an expression of interest exercise, which are going to close on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide cost of $22.04 million ($2,980 psf).
The Arcady @ Boon Keng floor plan
Suntec Tower One is among Suntec City’s five Grade A workplace towers. Created in the mid-1990s, the integrated development on Temasek Blvd also includes a retail shopping center, in addition to a convention and exhibition centre.
As a commercial property, the unit is not subject to added buyer’s stamp obligation, and is open to overseas buyers.
Suntec City undertook substantial possession enhancement initiatives in 2022, consisting of improvement to entryway lobbies, reception areas, concierge tables, lift passages and bathrooms.
The improvement benefits from sheltered connectivity to nearby transport nodes, including City Hall, Promenade and Esplanade MRT stops, providing links to the North-South, East-West, Downtown and Circle lines. It is also connected to significant expressways like the East Coast Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Caveats show that the unit 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, amidst a lack of brand-new strata-titled office supply as a result of URA constraints.
Different resale deals at the tower varied from $2,956 psf, as soon as a 2,131 sq ft unit on the 19th level brought $6.3 million in March 2025; to $3,364 psf, which came from the resale of an office floor, comprising three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Based on lodged cautions, Suntec Tower One viewed 7 transactions in 2025, at a common reselling price of $3,279 psf. One of the most current 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.
