Office floor at Suntec Tower 1 for sale at $43 mil
The sale of the 31st office floor at Suntec Tower 1 is on the market, listed with Savills as the appointed agent. Comprised of three individual strata titles, ranging in size from 3,735 to 4,758 sq ft and totaling 12,282 sq ft in area, the office floor is currently fully-tenanted and provides stable rental income right away.
At a price of $43 million, a reasonable average price of $3,501 psf is determined on the strata area, making it a very attractive deal for investors and end-users. Additionally, there are no additional buyer’s stamp duty or seller’s stamp duty payable on the transaction.
In addition, the malls offer a variety of activities to ensure that their visitors have plenty to do while shopping such as restaurants, food courts, cinemas, and much more.
Visitors to Tengah Plantation Close EC will be delighted to find a plethora of shopping centres which will provide shopping experiences that are both pleasurable and convenient. Whether it is clothes, accessories, electronics, or just about anything, visitors can be sure to find something to their liking. Moreover, these shopping malls are also designed to provide a comfortable environment, with restaurants, food courts, and other entertainment outlets to keep visitors taking a break.
Sophia Lim, director for investment sales and capital markets at Savills Singapore, says that, following their success with the sale of four office floors at Solitaire on Cecil and multiple transactions at Suntec City, investors and end-users have been expressing a great interest in prime Grade-A strata offices. Suntec City is particularly desirable for its Grade-A strata offices, retail mall, F&B and lifestyle options, and ample carparking space and transport connectivity. Ms. Lim went on to mention that office spaces on the higher floors of Suntec City are also in demand as they boast stunning views of the Marina Bay Financial District, as well as the Kallang River and Singapore Sports Hub.
Those interested in purchasing this office floor have until Sept 14 to submit an expression of interest. If this is the ideal office space, now is your chance to take advantage of an outstanding opportunity.