Mortgagee sale: Suntec City strata office unit going for $6.7 mil
As a commercial property, the unit is exempt to extra buyer’s stamp duty, and is open to overseas buyers.
Different resale transactions at the tower varied from $2,956 psf, the second a 2,131 sq ft unit on the 19th level brought $6.3 million in March 2025; to $3,364 psf, which originated from the resale of an office level, making up 3 strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
Other strata offices at Suntec City have also been actually put up for sale recently. Previous month, a pair of strata office space units at Suntec Tower One were released for sale via an expression of interest exercise, that will finalize on May 5. The adjoining units, which have a total strata area of 7,395 sq ft, have a guide rate of $22.04 million ($2,980 psf).
According to Sharon Lee, managing supervisor of public auction and sales at Knight Frank Singapore, this is the very first time the estate are going to be sell-off. It will be marketed with its presenting tenancy, which will create a rental return of more than 3.3%, based on its guide rate.
Suntec City went through substantial possession enhancement initiatives in 2022, including upgrades to entrance lobbies, reception parts, assistant tables, lift corridors and washrooms.
Based on lodged cautions, Suntec Tower One saw 7 purchases in 2025, at a common resale price of $3,279 psf. The most recent 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.
Cautions show that the unit for sale last changed hands for around $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to attract interest from both investors and end-users, in the middle of a lack of new strata-titled office space source due to URA restrictions.
Suntec Tower One is among Suntec City’s 5 Quality An office towers. Established in the mid-1990s, the integrated development on Temasek Blvd additionally features a retail shopping center, along with a convention and exhibition centre.
The unit includes a column-free format, that is normal of units in Tower One, allowing for efficient workstation arrangements and collaborative areas, includes Lee.
Previously this month, 3 full workplace levels were put on the market, making up the 27th floor at Suntec Tower One and the 12th and 13th floors at Suntec Tower Two. The portfolio contains five individual 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.
The enhancement benefits from sheltered access to close-by transportation nodes, including City Hall, Promenade and Esplanade MRT stops, providing 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.
A 2,142 sq ft strata business office unit at Suntec Tower One, in Suntec City, will be generally on the block at Knight Frank’s next real property public sale on May 21 in a mortgagee sale. The property has a guide price of $6.7 million, that equates to $3,128 psf formed on the strata area.
