A portfolio comprising three full office floors at Suntec Tower 1 and Tower 2 is on the market at the guide price of $135 million. The Grade A office spaces span a total strata area of 40,300 sq ft and are fully occupied. The guide price translates to $3,350 psf on the strata area.
The office units in this portfolio comprise the entire 27th floor in Tower 1, as well as the entire 12th and 13th floors in Tower 2. There are five individual strata titles, ranging from 3,498 to 14,273 sq ft.
The units may be purchased individually or on a portfolio basis, and the transaction will be conducted through an Expression of Interest (EOI) exercise, says Savills Singapore, the exclusive marketing agent.
Based on the rent for these units and the guide price, Savills estimates that the new owner could reap a rental yield of about 4%. The sale is also open to foreigners and companies, without incurring additional buyer’s stamp duty (ABSD) or seller’s stamp duty (SSD)....