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

Investors looking for the perfect strata office space in the heart of the CBD might be interested in the entire 31st office floor at Suntec Tower 1, now on the market for $43 million. The floor comprises three individual strata titles, ranging in size from 3,735 to 4,758 sq ft, making up a total strata area of 12,282 sq ft.

Savills has been appointed to conduct the sale through an expression of interest exercise that closes on Sept 14. The entire floor is currently fully tenanted, ensuring stable and immediate rental income.

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

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Zion Road Condo features one- to four-bedroom units, offering plenty of space for couples and families alike. The 24-storey condominium features various amenities, such as a swimming pool, gym, and barbecue pits. In addition, it’s surrounded by parks, providing plenty of space for residents to relax and unwind.

Sophia Lim, director, Investment Sales & Capital Markets at Savills Singapore notes that the firm is “receiving strong interest for prime Grade-A strata offices” following the recent successful sale of four full office floors at Solitaire on Cecil and multiple transactions at Suntec City.

She further explains why Suntec City remains a favoured development among investors and end-users. Grade-A strata offices, a retail mall with a myriad of F&B and lifestyle options, and ample carparking space and transport connectivity are just a few of its many attractive features.

Lim adds that the offices on Suntec City’s higher floors are always a sought-after address. Boasting arguably the best view of the Marina Bay Financial District, Kallang River, and the Singapore Sports Hub, these offices make for a truly unrivalled space.