CBRE offers Grade A Strata office units at Suntec City for sale

This will be via expression of interest.

CBRE has put on sale three strata office units at Suntec City which comprises the entire floor on level 38 and two units on level 16 in Suntec Tower One, with a total area of approximately 17,492 square feet.

In a statement, CBRE said the entire level 38 has an area of approximately 10,097 square feet and a guide price of $33.8m, or about $3,350 per square foot (psf). The other two units on level 16, which come with separate strata titles, have strata areas of approximately 3,498 square feet and 3,897 square feet. Their guide prices are $11m and $12.3m respectively, or $3,150 psf.

Suntec City is located in the heart of the Marina Centre precinct within the Central Business District. The 45-storey integrated development comprises five Grade A office towers, Singapore’s second-largest shopping mall, and a world-class convention and exhibition centre, all interlinked by street level plazas and underground walkways.

In the last twelve months, strata office units in Suntec City have been trading in the range of $3,050 to $3,817 psf, with an average of around $3,411 psf.

CBRE said the three units are currently owner-occupied and will be sold either with vacant possession or on a short-term leaseback arrangement.

The sale will be conducted via an expression of interest exercise which closes on 18 September at 3pm.

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