Apr 29, 2021
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Located above level 30, the high office floor spans 12,281 sq ft, featuring an exclusive lift lobby frontage and a panoramic view of its surrounding cityscape. Photo: CBRE

A strata office floor at Suntec Tower 2 has been put up for sale via expression of interest (EOI) carrying an indicative price of $37.5 million or $3,050 per sq ft (psf) on strata area, revealed exclusive marketing agent CBRE.

Located above level 30, the high office floor spans 12,281 sq ft, featuring an exclusive lift lobby frontage and a panoramic view of its surrounding cityscape. Currently, the entire office floor is fully leased.

CBRE’s Senior Director of Capital Markets Clemence Lee expects the office floor to attract strong interest from investors such as family offices, boutique real estate funds and high-net-worth individuals.

“As the lease is expiring by end of the year, the office floor will be also suitable for owner-occupiers seeking immediate occupation within Suntec Towers,” he said.

He noted that the indicative price for the property is extremely attractive, given that the last office floor transacted at Suntec Towers “was Suntec Tower 2 Level 33 at $38 million ($3,209 psf on strata area) in January 2020”.

A landmark development within the Marina area, Suntec City comprises a convention and exhibition centre, four 45-storey and a 18-storey Grade A office towers, a shopping and entertainment mall, and over 3,200 carpark lots.

Since the property is zoned for “commercial” use, both locals and foreigners may acquire the office floor with no Additional Buyer’s Stamp Duty (ABSD) or Seller’s Stamp Duty (SSD) payable.

The EOI exercise for the subject property closes on 3 June.

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Victor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this story, email: victorkang@propertyguru.com.sg

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