38 Carpenter Street
38 Carpenter 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 freehold. 1 transaction is on record since 1995, most recently in May 2007. 3 units are currently listed for rent. ACRA records 5 live company registrations at this address.
What are the key facts about 38 Carpenter Street?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Tenure
- Freehold
- District / Area
- District 1 · Singapore River
- Address
- 38 Carpenter Street
- Land area
- —
- Completed
- Not on record
- Storeys
- Not on record
- Submarket
- City Fringe
- Listed as
- Office, Food & Beverage
- Transactions on record
- 1 (records start 1995)
- Live listings
- 3
- ACRA registrations
- 5
What are the specs at 38 Carpenter Street?
- Facilities
- car park
- Source: CommercialGuru
About 38 Carpenter Street
38 Carpenter Street is a commercial property in Singapore River (District 01). It is located along Carpenter Street, Singapore 059917.
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 freehold.
1 transaction has been recorded here, at a median of S$3,102 psf. The most recent was in May 2007.
6 businesses are currently registered at this address with ACRA.
The nearest MRT is Clarke Quay MRT, 146 m away (about a 2-minute walk). The closest bus stop (Boat Quay) is 99 m away (about a 2-minute walk).
What is 38 Carpenter Street zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Conservation area
- Upper Circular Road
- Urban design area
- Udga
- Central Area
- Yes
What has 38 Carpenter Street sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| May 2007 | Shop House | S$10.50M | 3,385 sqft | $3,102 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at 38 Carpenter Street rent for?
Retail space on Carpenter Street
Street level · 2025Q3S$ per sq ft per month
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 Carpenter Street
Street level · 2026Q2S$ per sq ft per month
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 · 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 38 Carpenter Street
- Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft
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.
How fast units move at 38 Carpenter Street
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.
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 38 Carpenter Street?
- 4 Feb 2026ApprovedFloor 2Change of use to gym/fitness centre
Proposed change of use of unit #02-XX to gym/fitness centre
- 13 Nov 2025ApprovedFloor 4Change of use to commercial school
Proposed change of use of unit #04-XX to commercial school
- 21 Mar 2025ApprovedFloor 3Change of use to commercial school
Proposed change of use of unit #03-XX to commercial school
- 10 Apr 2017ApprovedChange of use to fitness centre
Proposed change of use of the 3rd storey unit to fitness centre on lot ts07 99838c at 38 carpenter street (singapore river planning area)
- 22 Aug 2016ApprovedAdditions & alterations
Proposed amendment to approved addition & alteration to the existing 5-storey shophouse with 1st as cafe on lot 99838c ts 07 at 38 carpenter street (singapore river planning area)
- 24 Nov 2015ApprovedAdditions & alterations
Proposed addition & alteration to the existing 5-storey shophouse with 1st as cafe on lot 99838c ts 07 at 38 carpenter street (singapore river planning area)
- 23 Feb 2007ApprovedChange of use to nightclub
Proposed change of use of 1st storey shop to nightclub
- 20 Nov 2006ApprovedChange of use to health centre
Change of use uf 3rd sty office to health centre
- 24 Jun 2005ApprovedChange of use to commercial school
Change of use of the 5th storey association to 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$54.50 per unit).
What do commercial rents run near 38 Carpenter Street?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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 38 Carpenter Street right now?
For rent (3)
- Carpenter Street ShophouseS$16k/mo · 2,468 sqft
- Carpenter Street - F&B Approved | Dual FrontageS$18k/mo · 959 sqft
- 15 Carpenter Street2 agentsS$18k/mo · 3,000 sqft
What is near 38 Carpenter Street?
Getting around
- Clarke Quay MRT146 m · ~2 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at 38 Carpenter Street
nearest MRT/LRT Clarke Quay (NE5) 145 m, about 31,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 14, about 25,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 11,000 residents within 1 km (June 2026); 12 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)145 m · about 31,000 weekday taps
- Chinatown (NE4 / DT19)478 m · about 97,000 weekday taps
- Raffles Place (EW14 / NS26)519 m · about 133,000 weekday taps
- Telok Ayer (DT18)579 m · about 37,000 weekday taps
- Fort Canning (DT20)637 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 38 Carpenter Street. Transfers between lines don't tap, so interchanges read low.
Bus
14 bus stops within 400 m, with about 25,000 boardings and alightings on an average weekday.
Public car parks within 500 m
- Carpenter St (URA)24 mS$1.20 per half-hour at midday on a weekday · 35 car lots
- Backlane (Hongkong St - Carpenter St) (URA)41 m
- Hong Kong St (URA)60 mS$1.20 per half-hour at midday on a weekday · 32 car lots
- Carpenter St Off St (URA)60 mS$1.50 per half-hour at midday on a weekday · 69 car lots
- Backlane (Carpenter - Upp Circular Rd) (URA)81 m
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 943 m away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. 38 Carpenter Street's own car park, if it has one, and its charges are not in the open data.
Who's registered at 38 Carpenter Street?
- Education3
- Transportation and storage1
- Accommodation and food services1
- Wholesale and retail trade0
- Professional, scientific and technical services0
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 38 Carpenter Street
Where is 38 Carpenter Street?⌄
38 Carpenter Street is at 38 Carpenter Street, Singapore 059917, in the Singapore River planning area.
What is 38 Carpenter Street zoned as?⌄
38 Carpenter Street sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.
What is the tenure of 38 Carpenter Street?⌄
38 Carpenter Street is freehold.
Is 38 Carpenter Street a conserved property?⌄
Yes. 38 Carpenter Street falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at 38 Carpenter Street sold for?⌄
Across 1 recorded transaction, the median price is S$3,102 psf. The latest was in May 2007.
What is the nearest MRT station to 38 Carpenter Street?⌄
Clarke Quay MRT is the closest, 146 m away (about a 2-minute walk).
How many businesses are registered at 38 Carpenter Street?⌄
6 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 38 Carpenter Street.
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.