Mortgagee sale: Suntec City strata office unit going for $6.7 mil
Suntec Tower One is among Suntec City’s five Grade A business office towers. Created in the mid-1990s, the integrated development on Temasek Boulevard additionally includes a retail shopping center, as well as a convention and exhibition center.
Some other resale transactions at the tower varied from $2,956 psf, when 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 floor, comprising three strata units estimating 10,097 sq ft, for $33.96 million in July 2025.
Other strata offices at Suntec City have actually also been offered lately. Last month, a set of strata office units at Suntec Tower One were introduced for sale through an expression of interest exercise, that will finalize on May 5. The adjoining units, which have a complete strata area of 7,395 sq ft, have a guide price of $22.04 million ($2,980 psf).
A 2,142 sq ft strata 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 cost of $6.7 million, that converts to $3,128 psf based upon the strata area.
According to Sharon Lee, managing director of auction and sales at Knight Frank Singapore, this is the first time the estate will be auctioned. It is going to be offered with its presenting occupancy, that will certainly create a rental yield of more than 3.3%, based on its overview rate.
Previously this month, 3 full workplace levels were put on the market, consisting of the 27th floor at Suntec Tower One and the 12th and 13th levels at Suntec Tower 2. The portfolio consists of five individual strata titles with a mixed location of 40,300 sq ft. It has a guide cost of $135 million, which calculates to $3,350 psf.
Hillock Green showflat location
Suntec City underwent substantial asset improvement campaigns in 2022, including improvement to entryway lobbies, reception parts, concierge tables, lift corridors and restrooms.
As a business real estate, the unit is not subject to additional buyer’s stamp duty, and is open to foreign buyers.
Based on lodged cautions, Suntec Tower One viewed seven deals in 2025, at a common reselling price of $3,279 psf. The most latest 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.
The improvement benefits from sheltered connection to neighboring transportation nodes, including City Hall, Promenade and Esplanade MRT stations, presenting 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.
The unit includes a column-free layout, which is regular of units in Tower One, enabling efficient workstation setups and collective spaces, adds Lee.
Caveats reveal that the unit available for sale last shifted hands for around $4.61 million, or $2,150 psf, in November 2019. Lee anticipates the property to bring in interest from both investors and end-users, in the middle of a lack of new strata-titled office supply as a result of URA constraints.
