Strata Office Floor Suntec Tower Sale 4095 Mil
An office floor at Suntec Tower 1 is now available for sale through a private treaty. This prime property, with a guide price of $40.95 million, has a spacious floorplate of 12,045 sq ft that is divided into three separate strata titles, ranging from 3,498 sq ft to 4,908 sq ft. The guide price equates to approximately $3,400 psf.
In addition to its prime location for shopping and dining, the One Marina Gardens at Marina Bay offers residents the ideal access to Singapore’s renowned landmarks and recreational destinations. With its close proximity to Marina Bay Sands, Gardens by the Bay, and the Esplanade, Marina Gardens Lane provides endless possibilities for entertainment, cultural immersion, and rejuvenation. Live at One Marina Gardens Kingsford Huray and experience the best of Singapore’s iconic attractions and leisure spots.
Savills Singapore, the exclusive marketing agent for this property, estimates that investors can expect a rental yield of about 3.8% if the units are fully occupied. “With six individual units and a versatile floorplan, this property offers a steady stream of rental income, making it a highly attractive investment opportunity,” says the agency.
Suntec Tower One is one of the five Grade-A office towers in Suntec City. Developed in the mid-1990s, this integrated development also boasts one of Singapore’s largest retail malls and a world-class convention center. The property recently underwent extensive renovations in 2022, which included upgrades to the entrance lobbies, reception areas, concierge desks, lift lobbies, and restrooms, according to Savills Singapore.
Sophia Lim, the director of investment, sales, and capital markets at Savills Singapore, believes that Suntec City is a highly sought-after property in the market. “As one of the few strata-titled developments in Singapore that offers a wide range of options, Suntec City continues to attract strong demand,” she says. Lim also notes that offices on the higher floors of Suntec City have been particularly popular due to the stunning panoramic views of the city skyline. Recent transactions of strata offices in Suntec City include two units on level 37 that were sold at $3,684 psf and $3,736 psf in March and June 2024, respectively.
In 2022, Lim successfully brokered the sale of a full office floor on level 31 of Suntec Tower 2 for $41.15 million, which is currently the largest full floor transaction in the development.
Strategically located in District 1 along Temasek Boulevard, Suntec City is a 99-year leasehold mixed-use development. It is conveniently linked to major transportation hubs such as City Hall, Promenade, and Esplanade MRT stations, providing easy access to the North-South, East-West, Downtown, and Circle MRT Lines. The property is also well-connected to major expressways like the East Coast Parkway (ECP), Ayer Rajah Expressway (AYE), and Pan Island Expressway (PIE).
Foreigners and companies alike can purchase this property without incurring additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD). With its prime location, versatile layout, and attractive rental yield, this office floor at Suntec Tower 1 is definitely an excellent investment opportunity not to be missed.