>

>

Office floor at Suntec Tower 1 for sale at $43 mil

/ EdgeProp Singapore |

August 15, 2023 3:33 PM SGT

The office floor comprises three individual strata titles ranging from 3,735 to 4,758 sq ft, making up a total strata area of 12,282 sq ft. (Picture: Savills)

The entire 31st office floor at Suntec Tower 1 is on the market for $43 million. Savills is the appointed marketing agent for the sale, which will be conducted through an expression of interest exercise that closes on Sept 14.

The office floor comprises three individual strata titles ranging from 3,735 to 4,758 sq ft, making up a total strata area of 12,282 sq ft. The entire floor is fully tenanted, ensuring stable and immediate rental income.

The asking price of $43 million translates to an average price of $3,501 psf on the strata area. Foreigners and companies are eligible to purchase, with no additional buyer’s stamp duty or seller’s stamp duty payable on the transaction.

Read also: Mortgage sale of three office units at SBF Centre

“Following Savills’ recent successful sale of four full office floors at Solitaire on Cecil and multiple transactions at Suntec City, we have been receiving strong interest for prime Grade-A strata offices,” says Sophia Lim, director, investment sales and capital markets, at Savills Singapore.

She adds that Suntec City continues to be a favourite development among investors and end-users as it has Grade-A strata offices, a retail mall with a myriad of F&B and lifestyle options, and ample carparking space and transport connectivity.

“The offices on the high floors of Suntec City are always sought after, as they are arguably the only strata office development in the area that offer panoramic views of the Marina Bay Financial District, Kallang River, and the Singapore Sports Hub,” says Lim.

Tags:

Suntec Tower One Strata Office Savills Singapore

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00