The Deal: Suntec City Office Unit Hits the Block

A strata office unit on the 39th floor of Suntec Tower 2 has been listed for sale by mortgagee at a guide price of S$6.7 million, translating to roughly S$2,710 per square foot (psf) on a strata area of 2,475 sq ft. The expression of interest exercise, handled by a major commercial agency, closes in the coming weeks. The unit, held under a 99-year leasehold tenure with about 64 years remaining, comes with two bundled car park lots — a rarity for high-floor strata offices in the Marina Centre micro-market. Mortgagee listings in this price band have grown more frequent across Singapore's Grade A strata segment over the past 18 months.

  • Guide price: S$6.7 million
  • Strata area: 2,475 sq ft
  • Price psf: S$2,710
  • Tenure: 99-year leasehold (from 1989)
  • Floor: 39th, Suntec Tower 2

Market Context: Strata Office Pricing Resets

The asking price sits roughly 12 to 15 per cent below the peak transactions recorded at Suntec City in 2022, when comparable high-floor units changed hands at S$3,100 to S$3,250 psf. The softening reflects a wider correction in the strata office segment, where caveat data from URA Realis shows median psf prices in the Downtown Core easing 7.4 per cent year-on-year in the first quarter of 2026. Higher financing costs, hybrid work absorption and tighter credit conditions for SME landlords have all weighed on liquidity. Mortgagee listings as a share of total commercial transactions have climbed to about 9 per cent, the highest reading since 2017.

Suntec City itself remains one of the most actively traded strata complexes in Singapore, with more than 800 office units distributed across the four towers. Comparable transactions in adjacent buildings such as Prudential Tower and 6 Battery Road have cleared at S$2,800 to S$3,400 psf in recent months, suggesting the guide price leaves modest room for upside. The bundled parking allocation — typically valued at S$120,000 to S$150,000 per lot in the Central Business District — adds further appeal for owner-occupiers in the financial and professional services sectors.

What This Means for Investors

For yield-focused investors, the unit's indicative gross rental of S$11 to S$12 psf per month implies a net yield of approximately 3.6 to 3.9 per cent — competitive against the 3.0 per cent yields seen on freehold strata stock in Raffles Place. The shorter remaining lease will likely cap institutional interest, but family offices and SME owner-occupiers seeking sub-S$10 million CBD-fringe addresses should view this as a buyer's window.

With the Monetary Authority of Singapore signalling a steady policy stance through 2026 and physical office vacancy in the Marina Centre belt tightening to 4.8 per cent, mortgagee inventory of this calibre is unlikely to remain abundant beyond the next two quarters. Investors positioning for the next leg of the Singapore office cycle may find current pricing the most attractive entry point since 2021.