Mortgagee sale: Suntec City strata office unit going for $6.7 mil
According to Sharon Lee, executive supervisor of auction and sales at Knight Frank Singapore, this is the very first time the property will be sell-off. It is going to be offered with its existing tenancy, which will certainly generate a rental return of more than 3.3%, based on its overview cost.
Some other resale deals at the tower varied from $2,956 psf, the second a 2,131 sq ft unit on the 19th floor 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 estimating 10,097 sq ft, for $33.96 million in July 2025.
Suntec Tower One is one of Suntec City’s 5 Grade A workplace towers. Established in the mid-1990s, the integrated development on Temasek Blvd likewise includes a retail shopping mall, along with a convention and exhibition center.
Suntec City underwent extensive asset enhancement efforts in 2022, consisting of improvement to entrance lobbies, reception spots, assistant desks, airlift passages and toilets.
The enhancement benefits from protected connectivity to neighboring transportation nodes, including City Hall, Promenade and Esplanade MRT stops, presenting links to the North-South, East-West, Downtown and Circle lines. It is additionally attached to major expressways like the East Shore Parkway, Ayer Rajah Expressway and Pan Island Expressway.
Cautions show that the unit available for sale last changed hands for around $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 lack of brand-new strata-titled workplace supply due to URA constraints.
As a business property, the unit is not subject to additional buyer’s stamp duty, and is open to foreign buyers.
Based upon lodged cautions, Suntec Tower One viewed 7 transactions 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 level for $8.1 million ($3,689 psf) in July 2025.
Earlier this month, 3 complete workplace floors were put on the market, comprising the 27th ground at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The portfolio contains five individual strata titles with a combined area of 40,300 sq ft. It has a guide cost of $135 million, which calculates to $3,350 psf.
A 2,142 sq ft strata workplace unit at Suntec Tower One, in Suntec City, will get 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 translates to $3,128 psf formed on the strata area.
The unit features a column-free layout, that is regular of units in Tower One, allowing for efficient workstation arrangements and collaborative spaces, includes Lee.
Various other strata offices at Suntec City have also been offered lately. Previous month, a set of strata office space units at Suntec Tower One were released for sale through an expression of interest exercise, that will close on May 5. The adjoining units, that have a total strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
