The office portfolio comprises one floor at Suntec Tower 1 and five floors at Suntec Tower 2, a total NLA of approx. 78,491 sq ft.
Designed as a ‘’City within a City’’, Suntec City is one of the largest integrated developments in Singapore, consisting of a shopping mall, world-class exhibition centre and five Grade-A office towers. The investment-grade office towers have been designed with no internal columns to provide maximum design efficiency. The office layout is cleverly designed around a central service core which allows for maximum views and natural light.
The offices at Suntec City are currently undergoing asset enhancement works which include upgrading of the main entrance lobby, reception and concierge area, and modernising lift lobbies and new washrooms for every office floor. The phased upgrading works are expected to be completed by Q1 2022 and will continue to strengthen value propositions to the office floors .
With a limited supply of quality office stock available for sale in the market, strata office opportunities of such scale are rare and sought after by investors.
Jeremy Lake, Managng Director, Investment Sales & Capital Markets, said: “ The outlook for the office investment market is compelling for investors. Rents are expected to start rising again in 2H 2021 and prices have already started to firm up in anticipation of the rental recovery. We are talking to a growing number of investors who are keen to buy offices in Singapore now that there is light at the end of the tunnel for the office market ”.