Savills Singapore, as the exclusive marketing agent, is pleased to offer for sale the entire 31st floor at Suntec Tower 1.
Located on a high floor at Suntec City, the office floor enjoys unobstructed views of the Marina Bay Financial District, the City Skyline, Kallang River and Singapore Sports Hub. The office floor comes with 3 individual titles, with strata sizes ranging from 3,735 sq ft to 4,758 sq ft, making up a total strata area of 12,282 sq ft. The entire floor is fully tenanted out and enjoys immediate and stable income.
Suntec City is an iconic, fully integrated commercial development with 5 towers of Grade A offices, Singapore’s second largest shopping mall and a convention and exhibition centre. Developed in the mid-1990s and designed to be a “city within a city”, Suntec City underwent asset enhancement works which was completed last year. The asset enhancement works included the upgrading of entrance lobby, reception, concierge area, lift lobbies and restrooms. It also enjoys seamless connectivity with sheltered access to three MRT stations, namely City Hall Interchange station, Promenade and Esplanade MRT stations and link bridges, underpasses to adjoining developments in the Marina Centre area.
Ms. Sophia Lim, Director, Investment Sales & Capital Markets at Savills Singapore, comments: “Following Savills’ recent successful sale of 4 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. Suntec City continues to be a favourite for investors and end-users as an integrated, full-service development comprising of Grade A strata offices, a retail mall that has a myriad of F&B and lifestyle options, ample carparking and strong connectivity with sheltered access to 3 MRT stations.”
“Furthermore, the offices on the high floors of Suntec City are always sought after, as it is arguably the only strata office development which offers panoramic views,” added Ms Lim.
The guide price for the full floor is $43 million, which equates to an average price of about $3,501 per square foot on strata area.
Both foreigners and companies are eligible to purchase, and no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) will be payable.
The sale will be conducted through an Expression of Interest (EOI) exercise which closes on 14 September 2023 Thursday at 3pm.