High-floor strata office at Suntec Tower 2 up for sale
A STRATA office at Suntec Tower 2 has been put up for sale via expression of interest, with an indicative price of S$37.5 million, the sole marketing agent CBRE announced on Wednesday.
Located above the 30th storey of a Grade-A tower, the high-floor office includes an exclusive lift lobby and a panoramic view of its surrounding cityscape, said CBRE.
It has a strata area of 12,281 sq ft, which amounts to about S$3,050 per square feet. The entire office floor is currently fully leased.
Clemence Lee, senior director of capital markets at CBRE, said: "We expect strong interest from investors such as boutique real-estate funds, family offices 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 in Suntec Towers."
Both locals and foreigners are eligible to purchase the property, which is zoned "commercial" under the Urban Redevelopment Authority's 2019 Master Plan.
The expression of interest closes at 3pm on June 3.
A NEWSLETTER FOR YOU
Property Insights
Get an exclusive analysis of real estate and property news in Singapore and beyond.
READ MORE: What Suntec Reit's numbers say about risks in the office segment
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
Homebuyers shun new real estate in Vancouver, hurting builders
US pending home sales jump in March to hit highest in the year
Blackstone strikes US$1.6 billion student housing deal with KKR
European real estate deals slump to lowest level in 13 years
Singapore Q1 industrial rents rise further as occupancy dips and prices fall: JTC
Condo resale volumes rebound in March; prices inch up 0.4%: SRX, 99.co