38 North Canal Road
38 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 33 years remaining. 1 transaction is on record since 1995, most recently in Apr 2022. 5 units are currently listed for sale or rent. ACRA records 9 live company registrations at this address.
What are the key facts about 38 North Canal Road?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Tenure
- Leasehold
- District / Area
- District 1 · Singapore River
- Address
- 38 North Canal Road
- Land area
- —
- Transactions on record
- 1 (records start 1995)
- Live listings
- 5
- ACRA registrations
- 9
About 38 North Canal Road
38 North Canal Road is a commercial property in Singapore River (District 01). It is located along North Canal Road, Singapore 059294.
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 33 years remaining on the lease.
1 transaction has been recorded here, at a median of S$4,735 psf. The most recent was in April 2022.
9 businesses are currently registered at this address with ACRA.
The nearest MRT is Clarke Quay MRT, 154 m away (about a 2-minute walk). The closest bus stop (Boat Quay) is 126 m away (about a 2-minute walk).
What is 38 North Canal Road zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- 4.2
- Conservation area
- Upper Circular Road
- Conserved building
- Yes
- Urban design area
- Udga
- Central Area
- Yes
What has 38 North Canal Road sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Apr 2022 | Shop House | S$8.45M | 1,785 sqft | $4,735 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
What do commercial rents run near 38 North Canal Road?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th 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 band | 25th pct | Median | 75th 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.
What is available at 38 North Canal Road right now?
For sale (1)
- North Canal Road Boutique Commercial Building w 6-Storey Rear Extension3 agentsS$44.40M · 14,322 sqft
For rent (4)
- North Canal RoadS$16k/mo · 2,792 sqft
- North Canal RoadS$17k/mo · 2,792 sqft
- North Canal F&B2 agentsS$18k/mo · 2,800 sqft
- Hostel, F&B, Cafe, wellness, gym space near Boat QuayS$16k/mo · 2,793 sqft
What is near 38 North Canal Road?
Getting around
- Clarke Quay MRT154 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.
How many companies are registered at 38 North Canal Road?
- Live registrations
- 9
- Registered last 3 years
- 2
- 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.
Frequently asked questions about 38 North Canal Road
Where is 38 North Canal Road?⌄
38 North Canal Road is at 38 North Canal Road, Singapore 059294, in the Singapore River planning area.
What is 38 North Canal Road zoned as?⌄
38 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 38 North Canal Road?⌄
38 North Canal Road is leasehold. About 33 years remain on the lease.
Is 38 North Canal Road a conserved property?⌄
Yes. 38 North Canal Road falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at 38 North Canal Road sold for?⌄
Across 1 recorded transaction, the median price is S$4,735 psf. The latest was in April 2022.
What is the nearest MRT station to 38 North Canal Road?⌄
Clarke Quay MRT is the closest, 154 m away (about a 2-minute walk).
How many businesses are registered at 38 North Canal Road?⌄
9 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 North Canal Road.
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.