Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Suntec Tower One is one of Suntec City’s 5 Quality A business office towers. Established in the mid-1990s, the integrated property development on Temasek Boulevard additionally includes a retail shopping mall, along with a convention and exhibition center.
The unit includes a column-free layout, which is typical of units in Tower One, enabling efficient workstation setups and collective spaces, adds Lee.
Cautions indicate that the unit available last shifted hands for about $4.61 million, or $2,150 psf, in November 2019. Lee assumes the property to draw in interest from both investors and end-users, amid a scarcity of brand-new strata-titled office source because of URA restrictions.
Based upon lodged cautions, Suntec Tower One saw seven deals last year, at an average resale price of $3,279 psf. The most current 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.
Suntec City undertook comprehensive possession improvement campaigns in 2022, consisting of improvement to entryway lobbies, reception spots, assistant areas, airlift passages and restrooms.
Various other strata offices at Suntec City have actually also been actually put up for sale recently. Last month, a set of strata office units at Suntec Tower One were introduced for sale through an expression of interest exercise, which are going to close 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).
The improvement benefits from sheltered connection to neighboring transportation nodes, including City Hall, Promenade and Esplanade MRT stops, providing links to the North-South, East-West, Downtown and Circle lines. It is additionally linked to major expressways such as the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
According to Sharon Lee, executive supervisor of auction and sales at Knight Frank Singapore, this is the very first time the estate will be auctioned. It will be sold with its continuing occupancy, that will certainly produce a rental yield of greater than 3.3%, based on its guide price.
Pinery Residences Hoi Hup Realty and Sunway Development
As a commercial property, the unit is not subject to extra buyer’s stamp obligation, and is open to international buyers.
Previously this month, 3 full workplace levels were sold, consisting of the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The accounts includes 5 private strata titles with a combined area of 40,300 sq ft. It has a guide rate of $135 million, which works out to $3,350 psf.
Other resale purchases at the tower ranged from $2,956 psf, the second 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, consisting of three strata units measuring 10,097 sq ft, for $33.96 million in July 2025.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will be on the block at Knight Frank’s coming real estate auction on May 21 in a mortgagee sale. The estate has a guide rate of $6.7 million, that converts to $3,128 psf based on the strata area.
