CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Singapore River

28,28a,28b,28c Hongkong Street

Reviewed by Nathan TangUpdated 10 August 2026Data through Oct 2018
Quick Summary

28,28a,28b,28c Hongkong Street 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 leasehold with roughly 24 years remaining. 1 transaction is on record since 1995, most recently in Oct 2018. ACRA records 4 live company registrations at this address.

1

What are the key facts about 28,28a,28b,28c Hongkong Street?

Key takeaway28,28a,28b,28c Hongkong Street is a commercial building in District 1 · Singapore River, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Tenure
Leasehold
District / Area
District 1 · Singapore River
Address
28,28a,28b,28c Hongkong Street
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
4
2

About 28,28a,28b,28c Hongkong Street

28,28A,28B,28C Hongkong Street is a commercial property in Singapore River (District 01). It is located along Hongkong Street, Singapore 059667.

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 leasehold, with about 24 years remaining on the lease.

1 transaction has been recorded here, at a median of S$4,977 psf. The most recent was in October 2018.

4 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 98 m away (about a 2-minute walk). The closest bus stop (Boat Quay) is 154 m away (about a 2-minute walk).

3

What is 28,28a,28b,28c Hongkong Street zoned as?

Key takeaway28,28a,28b,28c Hongkong Street 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
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What has 28,28a,28b,28c Hongkong Street sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 2018 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Oct 2018Shop HouseS$9.00M1,808 sqft$4,977

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.

5

What do commercial rents run near 28,28a,28b,28c Hongkong Street?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$86.02$123.08$167.78
B1 & Below · 30 & Below$69.95$306.07$392.13
Level 1 · 30 & Below$142.92$214.69$372.85
Level 1 · >30 - 100$117.46$187.50$219.19
B1 & Below · >30 - 100$116.28$142.89$228.69
Level 4 & Above · >30 - 100$71.98$75.86$192.95
Level 2 & 3 · >30 - 100$73.23$95.24$167.06
Level 2 & 3 · >100 - 300$83.43$129.13$158.54

Office rents — Central Area ($ psm/month, 2026Q2)

Building class · size band25th pctMedian75th pct
Category 1 · 100 & Below$91.40$96.39$119.48
Category 2 · 100 & Below$57.98$71.59$86.82
Category 1 · >100 - 200$113.24$120.54$144.36
Category 2 · >100 - 200$59.40$77.88$96.88
Category 2 · >200 - 500$69.97$89.34$97.94
Category 1 · >200 - 500$112.64$129.70$148.82
Category 1 · >500 - 1000$119.97$136.70$147.13
Category 2 · >500 - 1000$55.42$82.91$92.66

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.

6

What is near 28,28a,28b,28c Hongkong Street?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 98 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 51 mClarke Quay MRT Exit B · 112 mJade Medical Clinic · 129 mHong Lim Pk · 138 mBoat Quay · 154 mPlace Of Worship · 262 mEducational Institution · 736 mKreta Ayer Community Club · 827 mSingapore General Hospital · 1.3 km

Competing premises nearby

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

Clarke Quay Central · 146 mHong Lim Market & Food Centre · 278 mNTUC Fairprice Co-operative Ltd · 375 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at 28,28a,28b,28c Hongkong Street?

Key takeawayACRA records 4 live company registrations at this address, 3 of them in the last three years.
Live registrations
4
Registered last 3 years
3
Most common type
Local Company

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

8

Frequently asked questions about 28,28a,28b,28c Hongkong Street

Where is 28,28A,28B,28C Hongkong Street?

28,28A,28B,28C Hongkong Street is at 28,28A,28B,28C Hongkong Street, Singapore 059667, in the Singapore River planning area.

What is 28,28A,28B,28C Hongkong Street zoned as?

28,28A,28B,28C Hongkong Street sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of 28,28A,28B,28C Hongkong Street?

28,28A,28B,28C Hongkong Street is leasehold. About 24 years remain on the lease.

Is 28,28A,28B,28C Hongkong Street a conserved property?

Yes. 28,28A,28B,28C Hongkong Street falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 28,28A,28B,28C Hongkong Street sold for?

Across 1 recorded transaction, the median price is S$4,977 psf. The latest was in October 2018.

What is the nearest MRT station to 28,28A,28B,28C Hongkong Street?

Clarke Quay MRT is the closest, 98 m away (about a 2-minute walk).

How many businesses are registered at 28,28A,28B,28C Hongkong Street?

4 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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