Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Previously this month, 3 full office floors were offered, consisting of the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts includes 5 specific strata titles with a mixed location of 40,300 sq ft. It has an overview cost of $135 million, which calculates to $3,350 psf.
The unit features a column-free design, that is regular of units in Tower One, enabling effective workstation arrangements and collective rooms, adds Lee.
Some other resale transactions at the tower ranged from $2,956 psf, the second a 2,131 sq ft unit on the 19th floor fetched $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office floor, making up three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
The improvement benefits from sheltered connection to close-by transportation nodes, including City Hall, Promenade and Esplanade MRT terminals, providing links to the North-South, East-West, Downtown and Circle lines. It is also attached to major expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Suntec Tower One is among Suntec City’s five Grade A business office towers. Created in the mid-1990s, the integrated development on Temasek Blvd also features a retail shopping mall, along with a convention and exhibition centre.
Based on lodged cautions, Suntec Tower One saw seven transactions last year, at a common resale price of $3,279 psf. One of the most recent 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.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will get on the block at Knight Frank’s next real property public sale on May 21 in a mortgagee sale. The property has a guide rate of $6.7 million, which equates to $3,128 psf formed on the strata area.
Canberra Crescent Residences showflat location
Other strata workplaces at Suntec City have also been offered recently. Previous month, a set of strata business office units at Suntec Tower One were introduced for sale with an expression of interest exercise, that are going to finalize on May 5. The adjoining units, that have an overall strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
As a commercial real estate, the unit is exempt to added buyer’s stamp obligation, and is extended to overseas buyers.
According to Sharon Lee, executive director of auction and sales at Knight Frank Singapore, this is the very first time the building are going to be auctioned. It will be offered with its existing occupancy, that will certainly create a rental return of more than 3.3%, based upon its guide rate.
Cautions indicate that the unit available last switched 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 shortage of new strata-titled office space source as a result of URA limitations.
Suntec City undertook comprehensive property improvement efforts in 2022, consisting of enhancement to entrance lobbies, reception spots, assistant desks, lift passages and restrooms.
