Suntec Tower Two
Suntec Tower Two is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.1. It is leasehold with roughly 62 years remaining. 92 transactions are on record since 1995, at a median S$2,290 psf, most recently in May 2024. 46 units are currently listed for sale or rent. ACRA records 1,237 live company registrations at this address.
What are the key facts about Suntec Tower Two?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.1
- Tenure
- Leasehold
- District / Area
- District 1 · Downtown Core
- Address
- 9 Temasek Boulevard
- Land area
- 116,620 sqm
- Completed
- Not on record
- Storeys
- Not on record
- Owner
- Suntec REIT (SGX filings)
- Submarket
- City Hall / Bugis
- Units with a recorded sale
- At least 81
- Listed as
- Office
- Transactions on record
- 92 (records start 1995)
- Live listings
- 46
- ACRA registrations
- 1,237
Who owns Suntec Tower Two, and what is it valued at?
- Land tenure
- Leasehold
- NLA (its 66.3% share)
- 2,119,747 sq ft
- Tenants
- 657
- Car-park lots
- 3,066
- Land tenure
- Leasehold 99 years from 1989 (Remaining lease term of 63 years)
- Announced 4 Nov 2015HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of Suntec REIT bought Suntec Tower Two for S$101.6 million (purchase consideration) from Maybank Kim Eng Properties Pte. Ltd..
Source: the owners' own filings on SGX — notices of valuation of real assets, acquisition and divestment announcements, and annual reports. Facts only, each with its date; a valuation is not a sale price, and occupancy and WALE are as of the date shown. Only REITs and SGX-listed companies file these: a building with a private owner shows no owner here.
About Suntec Tower Two
Suntec Tower Two is a commercial building in Downtown Core (District 01). It is located along Temasek Boulevard, Singapore 038989.
Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.1. It lies inside the Central Area.
The site is leasehold, with about 62 years remaining on the lease. It occupies roughly 116,620 sqm of land with about 487,129 sqm of gross floor area.
92 transactions have been recorded here, at a median of S$2,290 psf. The most recent was in May 2024.
1,289 businesses are currently registered at this address with ACRA.
The nearest MRT is Promenade MRT, 235 m away (about a 4-minute walk). The closest bus stop (Suntec Twr Two) is 45 m away (about a 1-minute walk). Suntec City is 38 m away (about a 1-minute walk).
What is Suntec Tower Two zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.1
- Urban design area
- Udga
- Central Area
- Yes
What has Suntec Tower Two sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| May 2024 | Office | S$5.30M | 1,389 sqft | $3,817 |
| Dec 2023 | Office | S$7.30M | 2,196 sqft | $3,324 |
| Nov 2023 | Office | S$8.20M | 2,336 sqft | $3,511 |
| Jul 2023 | Office | S$16.52M | 7,029 sqft | $2,350 |
| Jul 2023 | Office | S$11.61M | 3,746 sqft | $3,100 |
| May 2023 | Office | S$12.57M | 4,349 sqft | $2,890 |
| Mar 2023 | Office | S$8.60M | 3,003 sqft | $2,864 |
| Dec 2022 | Office | S$17.12M | 5,188 sqft | $3,300 |
| Aug 2022 | Office | S$41.15M | 12,282 sqft | $3,350 |
| Aug 2022 | Office | S$10.44M | 2,928 sqft | $3,565 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Suntec Tower Two rent for?
Office space on Temasek Boulevard
Street level · 2026Q3S$ per sq ft per month · median +4.9% on a year earlier
URA's percentiles of OFFICE rents across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.
Source: URA rental statistics by street (IRAS-stamped contracts).
Retail space on Temasek Boulevard
Street level · 2026Q3S$ per sq ft per month · median +0.7% on a year earlier
URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.
Source: URA rental statistics by street (IRAS-stamped contracts).
Retail space — District 1 retail
Region band · 2026Q3S$ per sq ft per month
A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 1 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.
Source: URA REALIS retail rental analysis (district × floor × size grid).
Market context around Suntec Tower Two
- City Hall / Marina Centre: Rent S$11.36 psf/mth · Vacancy 3.2% · Planned / under construction 0.00m sq ft
- Bugis: Rent S$12.12 psf/mth · Vacancy 11.9% · Planned / under construction 0.56m sq ft
Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% on the year).
Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.
How fast units move at Suntec Tower Two
Rent: between 6 Aug 2026 and 28 Aug 2026, 7 new listings appeared and 6 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.
Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.
One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.
What's been approved at Suntec Tower Two?
- 15 Sept 2026ApprovedFloor 15Additions & alterations
Proposed alterations and additions to existing unit #15-XX at 15th storey of suntec tower 2
- 29 May 2023ApprovedFloor 11Change of use to clinic
Proposed change of use of unit #11-XX to clinic at suntec tower two
- 15 Jul 2013ApprovedFloor 15Additions & alterations
Proposed interior fit out to unit #15-XX at suntec tower 2
- 30 May 2013ApprovedFloor 38Additions & alterations
Proposed amendment to approved interior fit-out suntec tower 2, unit #38-XX
- 12 Nov 2012ApprovedFloor 38Additions & alterations
Proposed interior fit-out suntec tower 2, unit #38-XX lot 00510w, ts11 at 9 temasek boulevard suntec tower two singapore 038989
- 17 Sept 2002ApprovedFloor 30Change of use to snack bar
Proposed use of part of the office unit #30-XX as snack bar (juicing bar)
- 2 Feb 2000ApprovedFloor 14Change of use to commercial school
Proposed use of units #14-XX, #14-XX & #14-XX as commercial school
Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).
How does Temasek Boulevard price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Suntec Tower Two?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q3)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 2 & 3 · 30 & Below | $82.69 | $99.35 | $120.39 |
| Level 1 · 30 & Below | $172.73 | $245.52 | $332.57 |
| B1 & Below · 30 & Below | $87.33 | $172.91 | $321.72 |
| Level 2 & 3 · >30 - 100 | $77.43 | $95.09 | $183.52 |
| Level 1 · >30 - 100 | $106.77 | $168.33 | $217.05 |
| B1 & Below · >30 - 100 | $117.40 | $198.29 | $365.38 |
| Level 1 · >100 - 300 | $115.69 | $148.57 | $187.43 |
| B1 & Below · >100 - 300 | $148.73 | $233.33 | $396.56 |
Office rents — Central Area ($ psm/month, 2026Q3)
| Building class · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Category 2 · 100 & Below | $54.65 | $69.39 | $88.80 |
| Category 1 · 100 & Below | $103.62 | $122.24 | $132.43 |
| Category 1 · >100 - 200 | $116.28 | $126.99 | $148.35 |
| Category 2 · >100 - 200 | $65.57 | $82.87 | $97.63 |
| Category 1 · >200 - 500 | $114.67 | $128.09 | $145.77 |
| Category 2 · >200 - 500 | $64.83 | $82.57 | $94.73 |
| Category 1 · >500 - 1000 | $106.56 | $137.78 | $148.23 |
| Category 2 · >500 - 1000 | $85.04 | $89.34 | $109.80 |
URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.
What is available at Suntec Tower Two right now?
For sale (5)
- Suntec City TowerS$11.50M · 3,928 sqft
- Suntec City TowerS$39.75M · 12,045 sqft
- Suntec City TowerS$20.00M · 6,400 sqft
- Suntec City Tower2 agentsS$10.00M · 3,509 sqft
For rent (41)
- Suntec Tower TwoS$4k/mo · 145 sqft
- Suntec City TowersS$4k/mo · 155 sqft
- Suntec City TowersS$11k/mo · 305 sqft
- Suntec City TowersS$52k/mo · 4,725 sqft
What is near Suntec Tower Two?
Getting around
- Promenade MRT235 m · ~4 min
Amenities nearby
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Suntec Tower Two
nearest MRT/LRT Promenade (CC4/DT15) 217 m, about 45,000 taps a weekday; 6 more stations within 1 km; bus stops within 400 m: 12, about 14,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 6,383 residents within 1 km (June 2026). Ranked against 485 office buildings by PropKaki's model: a relative score, not a footfall count.
A relative score from PropKaki's model (station and bus taps nearby, workers and residents around), not a count of people.
Stations within 1 km
- Promenade (CC4 / DT15)217 m · about 45,000 weekday taps
- Esplanade (CC3)386 m · about 15,000 weekday taps
- Bugis (EW12 / DT14)429 m · about 109,000 weekday taps
- Nicoll Highway (CC5)696 m · about 10,000 weekday taps
- City Hall (NS25 / EW13)712 m · about 91,000 weekday taps
Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Suntec Tower Two. Transfers between lines don't tap, so interchanges read low.
Bus
12 bus stops within 400 m, with about 14,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Suntec City (development car park)285 mrates not published as open data
- Millenia Singapore (development car park)365 mrates not published as open data
- Backlane (Purvis St) (URA)383 m
- Liang Seah St (URA)401 mS$1.20 per half-hour at midday on a weekday · 45 car lots
- Purvis St (URA)430 mS$1.20 per half-hour at midday on a weekday · 43 car lots
Nearest URA season parking: Kampong Glam Area, 626 m away, S$125/month.
Public car parks only, by straight-line distance, with the operator's published rates. Suntec Tower Two's own car park, if it has one, and its charges are not in the open data.
Who's registered at Suntec Tower Two?
- Financial and insurance603
- Professional, scientific and technical services166
- Wholesale and retail trade156
- Information and communications100
- Transportation and storage67
- Real estate59
- Administrative and support services21
- Education20
- Other services11
- Manufacturing7
Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. ACRA, as of 2026-09-16.
Frequently asked questions about Suntec Tower Two
Where is Suntec Tower Two?⌄
Suntec Tower Two is at 9 Temasek Boulevard, Singapore 038989, in the Downtown Core planning area.
What is Suntec Tower Two zoned as?⌄
Suntec Tower Two sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.1.
What is the tenure of Suntec Tower Two?⌄
Suntec Tower Two is leasehold. About 62 years remain on the lease.
What have units at Suntec Tower Two sold for?⌄
Across 92 recorded transactions, the median price is S$2,290 psf. The latest was in May 2024.
What is the nearest MRT station to Suntec Tower Two?⌄
Promenade MRT is the closest, 235 m away (about a 4-minute walk).
How many businesses are registered at Suntec Tower Two?⌄
1,289 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.
The facts are here — now get the verdict on Suntec Tower Two.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.