Office floor at Suntec Tower 1 for sale at $43 mil
Moreover, there are plenty of dining options and entertainment spots for a fun night out with friends and family. Orchard Boulevard Condo is also conveniently located near major public transportation points such as the Orchard MRT station and numerous bus services along the Orchard Road stretch. With the availability of these modes of transport, it is easy for residents to travel to any part of the city. This freehold condominium provides a luxury urban lifestyle to its inhabitants and is the ideal choice for discerning homebuyers.
Savills Singapore is offering an exceptional opportunity with the sale of the entire 31st office floor at Suntec Tower 1. The floor comprises three individual strata titles ranging from 3,735 to 4,758 sq ft, which makes up for a total strata area of 12,282 sq ft. With a price tag of $43 million, this translates to an average of $3,501 psf on the strata area.
The office floor is fully tenanted, making it easy for potential buyers to gain stable and immediate rental income. Foreigners and companies are both eligible to purchase the property, without having to pay any additional buyer’s stamp duty or seller’s stamp duty.
Sophia Lim, director of investment sales and capital markets at Savills Singapore, believes the expression of interest exercise – Closing on Sept 14 – will be a success. She said: “Following Savills’ recent successful sale of four full office floors at Solitaire on Cecil and multiple transactions at Suntec City, we have been receiving strong interest for prime Grade-A strata offices.”
The property is popular amongst investors and end-users due to its Grade-A strata offices, retail mall with several food, beverage and lifestyle options, ample carparking space and transport connectivity. Lim added: “The offices on the high floors of Suntec City are always sought after, as they are arguably the only strata office development in the area that offer panoramic views of the Marina Bay Financial District, Kallang River, and the Singapore Sports Hub.”
This expression of interest exercise offers an attractive opportunity for investors and end-users to take advantage of Suntec City’s numerous benefits. With the asking price set at $43 million and no additional buyer’s stamp duty or seller’s stamp duty payable, this investment is an outstanding one.