Mortgagee sale: Suntec City strata office unit going for $6.7 mil
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 real estate public sale 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 workplaces at Suntec City have also been offered just recently. Previous month, a set of strata business office units at Suntec Tower One were launched for sale via 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 price of $22.04 million ($2,980 psf).
The unit includes a column-free design, that is typical of units in Tower One, enabling effective workstation configurations and collaborative rooms, includes Lee.
Suntec City went through considerable asset improvement campaigns in 2022, including improvement to entrance lobbies, reception parts, concierge desks, airlift corridors and washrooms.
The improvement benefits from sheltered access to close-by transportation nodes, including City Hall, Promenade and Esplanade MRT stations, providing links to the North-South, East-West, Downtown and Circle lines. It is likewise linked to significant expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
As a business property, the unit is not subject to extra buyer’s stamp obligation, and is extended to international buyers.
Cautions suggest that the unit available last modified hands for about $4.61 million, or $2,150 psf, in November 2019. Lee expects the property to bring in interest from both investors and end-users, amidst a shortage of new strata-titled workplace source due to URA limitations.
Some other resale transactions at the tower varied from $2,956 psf, as soon as a 2,131 sq ft unit on the 19th floor fetched $6.3 million in March 2025; to $3,364 psf, which came from the resale of an office floor, comprising 3 strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Suntec Tower One is just one of Suntec City’s five Quality A workplace high rises. Created in the mid-1990s, the integrated property development on Temasek Boulevard likewise includes a retail shopping center, as well as a convention and exhibition centre.
Earlier this month, 3 complete workplace floors were sold, comprising the 27th level at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts consists of five private strata titles with a mixed location of 40,300 sq ft. It has an overview rate of $135 million, which works out to $3,350 psf.
According to Sharon Lee, managing director of public auction and sales at Knight Frank Singapore, this is the first time the estate will be auctioned. It will be offered with its continuing occupancy, which will certainly create a rental yield of more than 3.3%, based upon its guide cost.
Based upon lodged caveats, Suntec Tower One saw 7 deals in 2025, at an average resale price of $3,279 psf. The most recent deal 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.
