Suntec City Tower

2022 - 6 - 14

Post cover — Image courtesy of "The Straits Times"

S'pore resident buys entire floor of Suntec City Tower 2 for $38.8 ... (The Straits Times)

The buyer liked the unblocked view of Marina Bay and the well-thought-out renovation. Read more at straitstimes.com.

“With new and expansion demand from technology occupiers, and broad-based economic recovery, the office market is poised to benefit from employment gains,” she added. Suntec City is one of the largest mixed-use developments in Singapore and comprises a shopping mall, five office towers and a convention centre. Prices of office space in Singapore's central region rose 4.4 per cent in the first quarter of 2022, reversing from a 1.8 per cent decline in the previous three months, according to data from the Urban Redevelopment Authority. "It is the highest price on a per sq ft basis ever achieved for an entire floor in Suntec City Tower 2," said Huttons' statement. The price for the 11,743.52 sq ft strata-titled office space, which is between the 26th and 30th storeys, works out to about $3,300 per sq ft. Based on caveats, it is the largest transaction by quantum and the highest price per sq ft this year.

S'pore PR Buys Suntec City Tower 2's 30th Floor, Likes Unblocked ... (Must Share News)

A Singapore PR has bought the whole 30th floor of Suntec City Tower 2 as he likes the unblocked view of Marina Bay.

Mr Lim, who brokered the deal, said the man liked the floor for its unblocked view of Marina Bay. It is the highest price on a per square foot basis ever achieved for an entire floor in Suntec City Tower 2. As the buyer paid S$38.8 million for it, that works out to over S$3,300 per sq ft (psf). The 30th floor of Suntec City Tower 2, a strata-titled office space, is a massive 11,743.52 square feet (sq ft) in size, said a statement from real estate agency Huttons Group quoted by AsiaOne. This proved true for the 30th floor of Suntec City Tower 2, the entirety of which was bought a Singapore permanent resident (PR). He reportedly splashed out S$38.8 million for it because he liked the unblocked view of Marina Bay.

Entire 30th floor of Suntec Tower 2 sold to S'pore PR for S$38.8 million (Mothership.sg)

The buyer liked the unblocked view of the bay from the office unit.

The floor was previously acquired for S$29 million in 2016, meaning that the seller made a profit of S$9.8 million from the transaction, according to EdgeProp. The previous record set was for the sale of the 33rd floor of the same building in January 2020. The entire 30th floor of Suntec City Tower 2 was sold for S$38.8 million to a Singapore permanent resident of Chinese descent.

Man buys entire 30th floor of Suntec City Tower 2 for $38.8m, was ... (AsiaOne)

The price for the 11,743.52 sq ft strata-titled office space works out to about $3,300 per sq ft. · PHOTO: Huttons Group.

Suntec City is one of the largest mixed-use developments in Singapore, and comprises a shopping mall, five office towers and a convention centre. "It is the highest price on a per square foot basis ever achieved for an entire floor in Suntec City Tower 2," Huttons' statement said. SINGAPORE - A Singapore permanent resident bought the entire 30th floor of Suntec City Tower 2 for $38.8 million, property agency Huttons Group said on Monday (June 13).

Floor in Singapore's Suntec City Sells for Record Price - Mingtiandi (Mingtiandi)

An entire floor at Suntec City Tower 2 has been sold for S$38.8 million ($27.5 million) or a record-breaking S$3300 per square foot.

Ziroom responded by saying it is only carrying out normal optimisation of its operations and that its business continues to operate normally. Lendlease is developing the project on a build-to-suit basis on behalf of PDG as the initial project under its Lendlease Data Centre Partners venture. Located at 12 and 14 Mount Elizabeth, the property sits on a site area of 54,317 square feet (5,046 square metres). The price takes into account an 8 percent bonus floor area and reflects a land rate of approximately S$2,400 per square foot per plot ratio. Draycott Eight is a 136-unit condo on a site with a balance leasehold tenure of about 74 years. Read more>> Singapore’s return to normalcy may be paying dividends for owners of office assets, with news reports today showing that a full floor in Suntec City has changed hands at a record high price.

A S'pore PR from China Bought the Entire 30th Floor of Suntec ... (Goody Feed)

Recently, the 30th floor of Suntec City Tower 2 was sold to a Singapore permanent resident for a whopping $38.8 million. And before you ask, yes, it's the ...

Additionally, the floor was also renovated in a manner that was to his liking. Prior to this sale, the 33rd floor of Tower 2 which spanned 11,840.40 sq ft was sold at a price tag of $38 million, or a psf price of $3,209. Recently, the 30th floor of Suntec City Tower 2 was sold to a Singapore permanent resident for a whopping $38.8 million.