CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Singapore River

34 North Canal Road

Reviewed by Nathan TangUpdated 8 November 2026Data through Apr 2008

Quick Summary

34 North Canal 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 leasehold with roughly 24 years remaining. 1 transaction is on record since 1995, most recently in Apr 2008. ACRA records 12 live company registrations at this address.

The facts are here — now get the verdict on 34 North Canal Road.

Ask PropKaki

What are the key facts about 34 North Canal Road?

Key takeaway34 North Canal Road 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: 34 North Canal Road
Land area: —
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: None
ACRA registrations: 12

About 34 North Canal Road

34 North Canal Road is a commercial property in Singapore River (District 01). It is located along North Canal Road, Singapore 059290.

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$1,587 psf. The most recent was in April 2008.

16 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 171 m away (about a 3-minute walk). The closest bus stop (Boat Quay) is 106 m away (about a 2-minute walk).

What is 34 North Canal Road zoned as?

Key takeaway34 North Canal 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
Conserved building: Yes
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What has 34 North Canal Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Apr 2008 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Apr 2008	Shop House	S$2.60M	1,638 sqft	$1,587

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 34 North Canal Road rent for?

Key takeawayNo street- or building-level rent is published here. Across District 1 retail, retail space rented at a median of $10.02 psf a month in 2026Q3, with the middle half of leases between $8.23 and $15.92. That is not this building's own rent, and never a quote for a particular unit.

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).

Market context around 34 North Canal Road

Key takeawayBrokers' retail figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026 (island-wide)

Islandwide: Rent S$28.15 psf/mth

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft

Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% 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.

What's been approved at 34 North Canal Road?

Key takeawayURA has approved 6 changes of use at 34 North Canal Road since 2000, most recently in 2026. 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.

25 Aug 2026Renewed
Continued use as restaurant and bar with live entertainment
Continued use of 1st storey premises as restaurant and bar with live entertainment
14 May 2026Approved
Change of use to restaurant and bar with live entertainment
Proposed change of use of 1st storey premises to restaurant and bar with live entertainment
30 Dec 2024Approved
Change of use to gym/fitness centre
Change of use/retention of 2nd storey (#34a) to gym/fitness centre
6 Nov 2024Renewed
Continued use as restaurant and bar
Continued use of 1st storey restaurant as restaurant and bar
29 Jan 2024Approved
Change of use: restaurant → restaurant and bar
Proposed change of use of 1st storey premises from restaurant to restaurant and bar
1 Dec 2021Approved
Change of use to restaurant
Proposed change of use of 1st storey premises to restaurant
18 May 2021Renewed
Continued use as nightclub
Continued use of 1st storey premises to nightclub
2 Apr 2019Renewed
Continued use as nightclub
Continued use of 1st storey unit as nightclub
22 Jun 2018Renewed
Continued use as ktv lounge cum nightclub
Continued use of 1st storey unit as ktv lounge cum nightclub on lot 99340v ts07 at 34 north canal road (singapore river planning area)
2 Aug 2017Renewed
Continued use as ktv lounge cum nightclub
Proposed continued use of 1st storey unit as ktv lounge cum nightclub on lot 99340v ts07 at 34 north canal road (singapore river planning area)
13 Apr 2016Renewed
Continued use as ktv lounge cum nightclub
Continued use of 1st storey unit as ktv lounge cum nightclub on lot 99340v ts07 at 34 north canal road (singapore river planning area)
21 Sept 2015Renewed
Continued use as ktv lounge cum nightclub
Continued use of 1st storey unit as ktv lounge cum nightclub on lot 99340v ts07 at 34 north canal road (singapore river planning area)

7 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).

What do commercial rents run near 34 North Canal 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 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 near 34 North Canal Road?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 171 m away — and 3 competing retail premisess operate nearby.

Getting around

Clarke Quay MRT171 m · ~3 min

Amenities nearby

Hotel · 14 mHong Lim Pk · 79 mBoat Quay · 106 mClarke Quay MRT Exit A · 133 mThe Clinic @ One George Street · 135 mPlace Of Worship · 314 mEducational Institution · 788 mKreta Ayer Community Club · 799 mSingapore General Hospital · 1.4 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 · 217 mHong Lim Market & Food Centre · 248 mNTUC Fairprice Co-operative Ltd · 362 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 34 North Canal Road

Key takeawayThe nearest station is Clarke Quay (NE5), 132 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 22 public car parks are within 500 m.

Foot traffic: busier than 91% of retail buildings

nearest MRT/LRT Clarke Quay (NE5) 132 m, about 31,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 13, about 34,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 13,000 residents within 1 km (June 2026); 10 other malls within 1 km. Ranked against 12,856 retail 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, and competing malls), not a count of people.

Stations within 1 km

Clarke Quay (NE5)132 m · about 31,000 weekday taps
Chinatown (NE4 / DT19)363 m · about 97,000 weekday taps
Telok Ayer (DT18)480 m · about 37,000 weekday taps
Raffles Place (EW14 / NS26)520 m · about 133,000 weekday taps
Fort Canning (DT20)690 m · about 14,000 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 34 North Canal Road. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 34,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Hong Kong St (URA)57 m
S$1.20 per half-hour at midday on a weekday · 32 car lots
Hong Lim Park Off St (URA)68 m
S$1.20 per half-hour at midday on a weekday · 23 car lots
Backlane (North Canal Rd - Circular Rd) (URA)117 m
Backlane (Hongkong St - Carpenter St) (URA)122 m
Carpenter St (URA)138 m
S$1.20 per half-hour at midday on a weekday · 35 car lots

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 942 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. 34 North Canal Road's own car park, if it has one, and its charges are not in the open data.

Who's registered at 34 North Canal Road?

Key takeaway12 live companies (and LLPs and branches; sole proprietors are not counted) list 34 North Canal Road as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
4
Professional, scientific and technical services
3
Financial and insurance
2
Accommodation and food services
1
Real estate
1
Arts, entertainment and recreation
1
Administrative and support services
0
Construction
0
Information and communications
0
Other 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.

Frequently asked questions about 34 North Canal Road

Where is 34 North Canal Road?⌄

34 North Canal Road is at 34 North Canal Road, Singapore 059290, in the Singapore River planning area.

What is 34 North Canal Road zoned as?⌄

34 North Canal Road sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of 34 North Canal Road?⌄

34 North Canal Road is leasehold. About 24 years remain on the lease.

Is 34 North Canal Road a conserved property?⌄

Yes. 34 North Canal Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 34 North Canal Road sold for?⌄

Across 1 recorded transaction, the median price is S$1,587 psf. The latest was in April 2008.

What is the nearest MRT station to 34 North Canal Road?⌄

Clarke Quay MRT is the closest, 171 m away (about a 3-minute walk).

How many businesses are registered at 34 North Canal Road?⌄

16 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on 34 North Canal Road.

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about 34 North Canal Road — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.