CommercialCOMMERCIALConservation999-year leaseholdDistrict 1 · Singapore River

1 Upper Circular Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Dec 2006
Quick Summary

1 Upper Circular Road is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Dec 2006. 2 units are currently listed for sale or rent. ACRA records 4 live company registrations at this address.

1

What are the key facts about 1 Upper Circular Road?

Key takeaway1 Upper Circular Road is a commercial building in District 1 · Singapore River, zoned COMMERCIAL, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Tenure
999-year leasehold
District / Area
District 1 · Singapore River
Address
1 Upper Circular Road
Land area
—
Completed
Not on record
Storeys
6 (© OpenStreetMap contributors)
Submarket
City Fringe
Listed as
Office, Shop / Shophouse
Transactions on record
1 (records start 1995)
Live listings
2
ACRA registrations
4
2

About 1 Upper Circular Road

1 Upper Circular Road is a commercial property in Singapore River (District 01). It is located along Upper Circular Road, Singapore 058400.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

The site is 999-year leasehold, with about 811 years remaining on the lease.

1 transaction has been recorded here, at a median of S$4,650 psf. The most recent was in December 2006.

5 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 222 m away (about a 4-minute walk). The closest bus stop (Opp Clarke Quay Stn) is 133 m away (about a 2-minute walk).

3

What is 1 Upper Circular Road zoned as?

Key takeaway1 Upper Circular Road sits on land zoned COMMERCIAL with a gross plot ratio of 4.2, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Conservation area
Upper Circular Road
Urban design area
Udga
Central Area
Yes
BCA-verified envelope: built 837 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

4

What has 1 Upper Circular Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2006 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Dec 2006Shop HouseS$4.38M942 sqft$4,650

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

5

What does space at 1 Upper Circular Road rent for?

Key takeawayNo rent is published for 1 Upper Circular Road itself. On its street, Upper Circular Road, retail space rented at a median of $7.27 psf a month in 2026Q2, with the middle half of leases between $5.20 and $7.96. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Upper Circular Road

Street level · 2026Q2
25th pct
$5.20
$56.00 psm
Median
$7.27
$78.22 psm
75th pct
$7.96
$85.71 psm

S$ per sq ft per month · median +19.4% on a year earlier

2022Q3 · $64.00 psm2026Q2 · $78.22 psm median

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).

Office space on Upper Circular Road

Street level · 2026Q3
25th pct
$5.71
$61.42 psm
Median
$5.91
$63.58 psm
75th pct
$6.17
$66.43 psm

S$ per sq ft per month

2021Q4 · $62.43 psm2026Q3 · $63.58 psm median

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 — District 1 retail

Region band · 2026Q3
25th pct
$8.23
$88.64 psm
Median
$10.02
$107.81 psm
75th pct
$15.92
$171.42 psm

S$ 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).

6

Market context around 1 Upper Circular Road

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.
CBRE, 2Q 2026
  • Decentralised: Vacancy 3.6%
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026
  • City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft
Singapore Office MarketBeat Q2 2026

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.

7

How fast units move at 1 Upper Circular Road

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 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.

8

What's been approved at 1 Upper Circular Road?

Key takeawayURA has approved 6 changes of use at 1 Upper Circular Road since 2000, most recently in 2026, and refused 1. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.
  1. 2 Apr 2026ApprovedFloor 3
    Change of use to gym/fitness centre

    Proposed change of use of unit #03-XX to gym/fitness centre

  2. 16 May 2025ApprovedFloor 3
    Change of use to shop

    Proposed change of use to unit #03-XX to shop

  3. 21 May 2024RenewedFloor 1
    Continued use as restaurant with ancillary ora

    Continued use of unit #01-XX as restaurant with ancillary ora

  4. 1 Sept 2020RenewedFloor 1
    Continued use as restaurant with ancillary ora

    Continued use of unit #01-XX as restaurant with ancillary ora

  5. 12 Sept 2018RenewedFloor 1
    Continued use as restaurant with ancillary ora

    Continued use of unit #01-XX as restaurant with ancillary ora

  6. 15 Sept 2016RenewedFloor 1
    Continued use as restaurant with ancillary ora

    Continued use of unit #01-XX as restaurant with ancillary ora

  7. 5 Aug 2016ApprovedFloor 5
    Change of use: office → commercial school

    Proposed change of use of unit#05-XX from office to commercial school (dance studio)

  8. 15 Apr 2016RefusedFloor 5
    Change of use: office → restaurant

    Proposed change of use of unit #05-XX from office to restaurant

  9. 28 Oct 2015ApprovedFloor 3
    Change of use: office → shop

    Proposed change of use of unit #03-XX from office to shop at 1 upper circular road (singapore river planning area)

  10. 3 Sept 2014ApprovedFloor 1
    Change of use to cafe with ancillary ora

    Proposed change of use of office use at #01-XX to a cafe with ancillary ora at no.1 upper circular road ts07 on lot 00213a (singapore river)

  11. 7 Feb 2014Refused
    Additions & alterations

    Proposed outline application for additions/alterations & change of use to a 6-storey commercial building to hotel

  12. 3 Oct 2011RenewedFloor 3
    Continued use as nightclub

    Continued use of units #03-XX & #03-XX from pub to nightclub

2 earlier change-of-use and A&A decisions are on record since 2000.

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).

9

What do commercial rents run near 1 Upper Circular Road?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
3.4%
3.0% net of property tax
Rent side (median of bands)
$107.81 psm/mo
2026Q3
Price side (strata, 5y)
$3,561 psf
90 sales

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 band25th pctMedian75th 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 band25th pctMedian75th 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.

10

What is available at 1 Upper Circular Road right now?

Key takeaway2 units are currently listed at 1 Upper Circular Road — 1 for sale and 1 for rent. One row per unit; several agents often market the same unit.

For sale (1)

  • ❤️❤️Corner 6-storey Commercial Bldg in prime CBD 10,000sfS$32.00M · 10,000 sqft

For rent (1)

  • CIRCULAR ROAD. Take Over Beauty Salon. No Takeover FeeS$8k/mo · 1,378 sqft

Browse every listing at this building →

11

What is near 1 Upper Circular Road?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 222 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 70 mOpp Clarke Quay Stn · 133 mParliament Promenade · 165 mClarke Quay MRT Exit E · 187 mCosmopolitan Clinic · 191 mPlace Of Worship · 401 mEducational Institution · 638 mKreta Ayer Community Club · 997 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

Clarke Quay Central · 230 mCold Storage Singapore (1983) Pte Ltd · 350 mHong Lim Market & Food Centre · 448 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at 1 Upper Circular Road

Key takeawayThe nearest station is Clarke Quay (NE5), 187 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 19 public car parks are within 500 m.
Foot traffic: busier than 55% of office buildings

nearest MRT/LRT Clarke Quay (NE5) 187 m, about 31,000 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 13, about 23,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 9,594 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

  • Clarke Quay (NE5)187 m · about 31,000 weekday taps
  • Raffles Place (EW14 / NS26)478 m · about 133,000 weekday taps
  • Chinatown (NE4 / DT19)561 m · about 97,000 weekday taps
  • Telok Ayer (DT18)630 m · about 37,000 weekday taps
  • City Hall (NS25 / EW13)658 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 1 Upper Circular Road. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 23,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Carpenter St Off St (URA)40 m
    S$1.50 per half-hour at midday on a weekday · 69 car lots
  • Upp Circular Rd (URA)73 m
    S$1.20 per half-hour at midday on a weekday · 22 car lots
  • Backlane (Hongkong St - Carpenter St) (URA)79 m
  • Carpenter St (URA)83 m
    S$1.20 per half-hour at midday on a weekday · 35 car lots
  • Backlane (Carpenter - Upp Circular Rd) (URA)98 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.0 km away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. 1 Upper Circular Road's own car park, if it has one, and its charges are not in the open data.

13

Who's registered at 1 Upper Circular Road?

Key takeaway4 live companies (and LLPs and branches; sole proprietors are not counted) list 1 Upper Circular Road as their registered address. These are registered businesses, not who occupies the space.
  • Other services
    2
  • Administrative and support services
    1
  • Education
    1
  • Wholesale and retail trade
    0
  • Transportation and storage
    0
  • Professional, scientific and technical services
    0

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.

14

What is 1 Upper Circular Road's BCA building profile?

BCA building type
Office
Green Mark
NA (NA)
Energy use intensity
255 kWh/m²·yr
15

Frequently asked questions about 1 Upper Circular Road

Where is 1 Upper Circular Road?⌄

1 Upper Circular Road is at 1 Upper Circular Road, Singapore 058400, in the Singapore River planning area.

What is 1 Upper Circular Road zoned as?⌄

1 Upper Circular Road sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of 1 Upper Circular Road?⌄

1 Upper Circular Road is 999-year leasehold. About 811 years remain on the lease.

Is 1 Upper Circular Road a conserved property?⌄

Yes. 1 Upper Circular Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 1 Upper Circular Road sold for?⌄

Across 1 recorded transaction, the median price is S$4,650 psf. The latest was in December 2006.

What is the nearest MRT station to 1 Upper Circular Road?⌄

Clarke Quay MRT is the closest, 222 m away (about a 4-minute walk).

How many businesses are registered at 1 Upper Circular Road?⌄

5 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.

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