Commercial Directory · Office · District 1
Suntec City
30 sales from Nov 2021 to Jun 2024, at a median $3,311 psf (Nov 2021 to Jun 2024).
District 1 At a glance
- Median psf, all sales
- $3,311
- Sales since Nov 2021
- 30
- Latest sale, Jun 2024
- $3,736 psf
- Tenure
- 99-year lease
19 of 19 sellers with a known purchase price sold for more than they paid; the median made 4.9% a year.
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Median psf by year Price trend
| Year | Unit sales | Median psf |
|---|---|---|
| 2021(part year) | 2 | $2,971 |
| 2022 | 10 | $3,300 |
| 2023 | 12 | $3,362 |
| 2024 | 5 | $3,684 |
A median moves with which units sold that year (floor, size, ground-floor shops), so a small year can swing.
30 sales Every sale
| Date | Type | Level | Sq ft | Price | Psf | Sale | Seller bought | Profit | A year |
|---|---|---|---|---|---|---|---|---|---|
| 20 Jun 2024 | Office | 37 | 3,078 | $11,500,000 | $3,736 | Resale | Aug 2021, $10.52M | $980k | 3.1% |
| 13 Jun 2024 | Office | 36 | 4,833 | $16,000,000 | $3,311 | Resale | Nov 2021, $16M | – | – |
| 7 Jun 2024 | Office | 22 | 4,779 | $15,292,800 | $3,200 | Resale | – | – | – |
| 21 May 2024 | Office | 38 | 1,389 | $5,300,000 | $3,817 | Resale | – | – | – |
| 15 Mar 2024 | Office | 37 | 2,196 | $8,088,888 | $3,684 | Resale | Mar 2019, $5.2M | $2.88M | 9.3% |
| 28 Dec 2023 | Office | Several units | 10,312 | $36,226,000 | $3,513 | Resale | – | – | – |
| 21 Dec 2023 | Office | 36 | 2,196 | $7,300,000 | $3,324 | Resale | Aug 2018, $5.55M | $1.75M | 5.2% |
| 16 Nov 2023 | Office | 37 | 2,336 | $8,200,000 | $3,511 | Resale | Mar 2002, $3.74M | $4.46M | 3.7% |
| 6 Jul 2023 | Office | 6 | 7,029 | $16,518,150 | $2,350 | Resale | Oct 2021, $16.17M | $351k | 1.2% |
| 5 Jul 2023 | Office | 19 | 3,746 | $11,612,600 | $3,100 | Resale | Nov 2006, $5.24M | $6.37M | 4.9% |
| 3 Jul 2023 | Office | 8 | 4,036 | $11,502,600 | $2,850 | Resale | – | – | – |
| 23 Jun 2023 | Office | 31 | 4,058 | $13,797,200 | $3,400 | Resale | – | – | – |
| 26 May 2023 | Office | 6 | 4,349 | $12,568,610 | $2,890 | Resale | Oct 2021, $10M | $2.57M | 15.0% |
| 22 May 2023 | Office | 35 | 2,928 | $9,955,200 | $3,400 | Resale | – | – | – |
| 9 May 2023 | Office | 24 | 3,498 | $12,592,800 | $3,600 | Resale | Apr 2022, $11M | $1.59M | 13.3% |
| 8 May 2023 | Office | 21 | 3,498 | $12,943,599 | $3,700 | Resale | Sept 2008, $9.3M | $3.64M | 2.3% |
| 24 Apr 2023 | Office | 29 | 3,638 | $13,551,550 | $3,725 | Resale | – | – | – |
| 8 Mar 2023 | Office | 6 | 3,003 | $8,600,000 | $2,864 | Resale | Oct 2021, $6.91M | $1.69M | 16.7% |
| 19 Dec 2022 | Office | 17 | 5,188 | $17,121,060 | $3,300 | Resale | May 2013, $13.23M | $3.89M | 2.7% |
| 23 Aug 2022 | Office | 18 | 3,897 | $11,691,000 | $3,000 | Resale | Nov 1996, $6.82M | $4.87M | 2.1% |
| 16 Aug 2022 | Office | 31 | 12,282 | $41,148,050 | $3,350 | Resale | – | – | – |
| 5 Aug 2022 | Office | 40 | 2,336 | $7,942,400 | $3,400 | Resale | Oct 1999, $4.2M | $3.74M | 2.8% |
| 4 Aug 2022 | Office | 29 | 4,036 | $13,439,880 | $3,330 | Resale | – | – | – |
| 1 Aug 2022 | Office | 37 | 2,928 | $10,438,000 | $3,565 | Resale | Mar 2016, $7.62M | $2.82M | 5.0% |
| 21 Apr 2022 | Office | 17 | 3,337 | $9,176,310 | $2,750 | Resale | Dec 2012, $8.51M | $667k | 0.8% |
| 20 Apr 2022 | Office | 28 | 4,069 | $13,346,320 | $3,280 | Resale | Dec 2007, $9.68M | $3.66M | 2.3% |
| 18 Apr 2022 | Office | 19 | 1,367 | $4,511,100 | $3,300 | Resale | Dec 2019, $3.86M | $649k | 6.9% |
| 8 Apr 2022 | Office | 24 | 3,498 | $11,000,000 | $3,144 | Resale | Jan 2021, $8.5M | $2.5M | 22.9% |
| 29 Nov 2021 | Office | 7 | 1,615 | $4,247,450 | $2,631 | Resale | Nov 2019, $3.71M | $532k | 6.7% |
| 11 Nov 2021 | Office | 36 | 4,833 | $16,000,000 | $3,311 | Resale | – | – | – |
URA Realis caveats via Huttons, to 13 Oct 2026. Sq ft is the strata area. Profit is the sale price less the seller's purchase price, before stamp duty, GST and fees; “a year” is that gain as a yearly rate over the time held. Unit numbers are left out.
Suntec City Questions
How much does a unit at Suntec City cost?
29 unit sales at Suntec City from Nov 2021 to Jun 2024 went for $2,350 to $3,817 psf, a median $3,311 psf on units of 1,367 to 12,282 sq ft. The latest, in Jun 2024, was $11,500,000 for 3,078 sq ft ($3,736 psf).
Did sellers at Suntec City make money?
19 of 19 resales where the caveat shows the purchase price sold for more than the seller paid. The median seller made $2.57M, 4.9% a year, before stamp duty, GST, fees and the rent collected while they held it.
What kind of property is Suntec City?
The sales here are office units in District 1 (Core Central Region), most on a 99-year lease title. Commercial units carry no Additional Buyer’s Stamp Duty and cannot be bought with CPF.
Thinking of buying here to rent out? Check the yield and break-even in the Commercial Deal Check.
District 1 Nearby buildings
- The Central$2,793 psf
- Plus$2,701 psf
- Solitaire on Cecil$4,115 psf
- SBF Center$3,248 psf
- People's Park Complex$3,308 psf
- Oxley Tower$3,060 psf
- Havelock2$2,262 psf
- Chinatown Point$1,890 psf