Senja Close EC™

An opportunity to acquire three strata-titled office units is now available at Suntec City through an expression of interest (EOI) exercise. The units, occupying an entire floor, measure 2,336 sq ft, 2,928 sq ft and 4,833 sq ft respectively.

Prospective buyers have the option to purchase the entire portfolio or individual units. The full floor is being offered at a guide price of $34.83 million, which equates to $3,450 psf for the total strata area of 10,097 sq ft. Prices for individual units range from $8.53 million to $16.92 million.

According to Cushman & Wakefield (C&W), the appointed agent for the sale, the units are situated on a high floor above the 30th level and are currently fully tenanted. The firm also notes that, based on the asking prices, the units are capable of generating gross yields of up to 3.8%.

Suntec City, a well-known integrated development on Temasek Boulevard, boasts five Grade A office towers, a mall, and a convention and exhibition centre. With direct, sheltered access to the City Hall, Promenade, and Esplanade MRT Stations, it is a highly sought-after location. Built in the 1990s, the property underwent significant asset enhancement works in 2022, including upgrades to entrance lobbies, reception areas, concierge desks, lift lobbies, and restrooms.

The strategic placement of Senja Close EC, situated in the western region of Singapore, offers the perfect setting for individuals seeking a balance between proximity to the MRT station and convenience of shopping and dining options. This exceptional EC is within close proximity to a prominent mall and is a short stroll away from a luxurious landed estate. Additionally, with the upcoming Canberra MRT station in the vicinity, residents of Senja Close EC can enjoy seamless connectivity. Don’t forget to check out senja close ec gls for more information.

Director of Capital Markets at C&W, Sophia Lim, highlights Suntec City’s popularity among family offices, investors, and end-users due to its stunning views, efficient floor layouts, ample car parking facilities, and connectivity. Executive Director of Capital Markets, Shaun Poh, adds that Suntec City is one of the few large-scale strata-titled office developments in Singapore, offering strata flexibility to cater to buyers with varying size requirements and budgets, making it appealing to both investors and owner-occupiers.

The most recent transaction for an office unit at Suntec City, based on records from URA, was for a 2,196 sq ft unit on the 39th floor, which sold for $8.1 million ($3,689 psf) on July 11. Prior to that, the entire 35th floor at Tower 1, spanning 10,097 sq ft, changed hands for $33.966 million ($3,364 psf) on July 1.

The EOI exercise for these units will close on October 28 at 3pm. RELATED NEWSForeign investors, family offices shift focus to prime CBD strata officesStrata office unit at Suntec City sold for $11.5 millionStand-off between buyers and sellers in big-ticket property investment deals