A pair of adjoining strata office units on the 16th floor of Suntec Tower One is on the market for $22.04 million.
The two units carry separate strata titles and can be purchased together or individually. The units are marketed for sale by Cushman & Wakefield (C&W) and will be sold in an Expression of Interest (EOI) exercise.
The smaller unit measures 3,498 sq ft and is priced at $10.43 million, while the larger unit spans 3,897 sq ft and is listed for $11.61 million. The combined guide price translates to $2,980 psf on the strata area.
Both units are currently occupied by Franklin Templeton, a global asset management firm. The company is relocating to a larger, consolidated regional headquarters within the Marina Bay and CBD precinct in the second half of 2026, so the units will be delivered with vacant possession, according to C&W.
Suntec City is a mixed-use integrated development in Singapore’s Downtown Core. It comprises five Grade A office towers, a flagship retail mall, and one of Asia’s largest convention centres.
The development completed an asset enhancement initiative (AEI) in 2022 and is connected via pedestrian links to Promenade, Esplanade, and City Hall MRT stations, with road access via the East Coast Parkway and Nicoll Highway.
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The 16th-floor units for sale feature column-free floor plates, giving prospective tenants or owner-occupiers the flexibility to configure the space. The units also sit behind a prominent lobby frontage, with views overlooking the Fountain of Wealth, Marina Bay Sands, the central business district (CBD), and the Bugis district.
According to C&W, the layout can support more than 50 workstations alongside private suites and collaborative areas. The consultancy also projects that the new owner could see rental yields of up to 4% per annum based on prevailing market rents.
The sale is open to foreign buyers with no additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD) applicable on the purchases.
How the guide price sits within Suntec Tower One’s transaction history
The guide price of $2,980 psf sits at a noticeable discount to what higher-floor units within Suntec Tower One itself have been changing hands at in recent years.
For example, units on the upper floors have commanded significantly higher prices. Office units spanning 2,196 sq ft on the 39th floor were sold for $3,689 psf in July 2025, while other units on the 38th floor changed hands for $3,817 psf in May 2024. Prior deals include office units on the 37th floor, which transacted for $3,684 psf and $3,736 psf in March and June 2024, respectively.
That price premium for high-floor units is not unusual for a building of this height since views from the upper floors take in an unobstructed sweep of Marina Bay and the skyline, and units on higher levels have historically attracted a different buyer profile.
For context, the same two 16th-floor units were previously put up for sale in August 2024 as part of a three-unit portfolio, when they carried guide prices of $11 million ($3,145 psf) and $12.3 million ($3,156 psf) respectively.
The current asking prices of $10.43 million and $11.61 million represent a step down from those earlier guide prices, which may reflect either a recalibration toward buyer expectations or the fact that the units will now be marketed on vacant possession terms rather than with existing tenancy.
Across the wider Suntec City Towers, the record psf price was set in September 2022 when the office units spanning 10,312 sq ft on the top floor of Suntec Tower One, the 44th floor, transacted at $3,850 psf.
Separately, a full floor plate of 10,097 sq ft on a high floor at Suntec Tower One was put up for sale in September 2025 at $34.83 million, or $3,450 psf, with C&W projecting gross yields of up to 3.8% based on the asking price.
Another full floor on the 27th floor of Suntec Tower One also came to market in July 2024 at an indicative price of $42.8 million, or $3,553 psf, marketed by JLL. That unit spanned 12,045 sq ft and was partially tenanted at the time.
What the broader strata office market looks like
In the broader CBD strata office market, Knight Frank projected earlier this year that total strata office transaction value in Singapore could reach about $1 billion for 2026, supported by supply from buildings including VisionCrest in the Orchard Road area, 108 Robinson Road in the CBD, and One Sophia in the Rochor area. That level of investment and transaction activity points to a sustained appetite for strata office assets, even as the pool of available supply tightens.
In March 2022, the Urban Redevelopment Authority (URA) restricted new strata subdivision in key parts of the Central Area, preventing new strata office units from being created in corridors such as those surrounding Suntec City. Existing units can only change hands on the secondary market, with no new supply possible.
Shaun Poh, Executive Director of Capital Markets at C&W, notes that Grade A office vacancy rates in Singapore are projected to fall below 4.0% this year, in line with Suntec City’s current occupancy of over 95%.
“URA’s restriction on new strata subdivision in key Central Area locations since 2022 has significantly limited future supply, further enhancing the investment value of Suntec offices,” says Poh.
Daphne Poh, Director of Capital Markets at C&W, adds that the column-free layout and prominent lobby frontage suit professional and corporate users looking for a ready-to-use space with immediate brand visibility.
“Suntec City remains a top choice among family offices, investors, and end-users who appreciate its prime attributes — its iconic Fountain of Wealth, an impressive arrival lobby with secure facial-recognition access, ample carpark provisions, and excellent connectivity,” says Poh.
The EOI exercise closes on Tuesday, 5 May.
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