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. 6 units are currently listed for sale or rent. ACRA records 7 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
- —
- Completed
- Not on record
- Storeys
- 5 (© OpenStreetMap contributors)
- Submarket
- City Fringe
- Listed as
- Food & Beverage, Other Retail, Shop / Shophouse
- Transactions on record
- 1 (records start 1995)
- Live listings
- 6
- ACRA registrations
- 7
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 | $4,735 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at 38 North Canal Road rent for?
Retail space — District 1 retail
Region band · 2026Q3S$ 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 North Canal Road
- 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 North Canal Road
Rent: 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.
Sale: 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 North Canal Road?
- 11 Mar 2025ApprovedAdditions & alterations
Proposed amendment of approved addition & alteration to an existing 4-storey and an existing 5-storey conservation shophouse with a proposed new 6-storey rear extension, with restaurant use on the 1st to 3rd storeys and office use on the 4th to 6th storeys on lots 00179w and 00182w, ts07 at 38, 39 north canal road (singapore river planning area)
- 21 Feb 2025ApprovedChange of use to gym/fitness centre
Proposed change of use of 5th storey to gym/fitness centre
- 19 Dec 2024ApprovedFloor 3Change of use to wellness centre
Proposed change of use of #03-XX to wellness centre
- 27 Sept 2024ApprovedAdditions & alterations
Proposed amendment of approved addition & alteration to an existing 4-storey and an existing 5-storey conservation shophouse with a proposed new 6-storey rear extension, with restaurant use on the 1st to 3rd storeys and office use on the 4th to 6th storeys on lots 00179w and 00182w, ts07 at 38, 39 north canal road (singapore river planning area)
- 26 Jul 2023ApprovedAdditions & alterations
Proposed amendment and regularisation of approved addition & alteration to an existing 4-storey and an existing 5-storey conservation shophouse with a proposed new 6-storey rear extension, with restaurant use on the 1st to 3rd storeys and office use on the 4th to 6th storeys on lots 00179w and 00182w, ts07 at 38, 39 north canal road (singapore river planning area)
- 2 May 2023ApprovedAdditions & alterations
Proposed addition & alteration to an existing 4-storey and an existing 5-storey conservation shophouse with a proposed new 6-storey rear extension, with restaurant use on the 1st to 3rd storeys and office use on the 4th to 6th storeys on lots 00179w and 00182w, ts07 at 38, 39 north canal road (singapore river planning area)
- 2 Dec 2009RefusedChange of use to nightclub
Change of use of 1st storey premises as nightclub
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$54.50 per unit).
What do commercial rents run near 38 North Canal Road?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 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 North Canal Road right now?
For sale (2)
- Brand new 6 Storey Shophouse at Boat Quay/Hong Kong street/North Canal for SaleS$45.00M · 14,322 sqft
- 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.
Getting there and parking at 38 North Canal Road
nearest MRT/LRT Clarke Quay (NE5) 113 m, about 31,000 taps a weekday; 6 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 14,000 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)113 m · about 31,000 weekday taps
- Chinatown (NE4 / DT19)360 m · about 97,000 weekday taps
- Telok Ayer (DT18)491 m · about 37,000 weekday taps
- Raffles Place (EW14 / NS26)543 m · about 133,000 weekday taps
- Fort Canning (DT20)672 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 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)59 mS$1.20 per half-hour at midday on a weekday · 32 car lots
- Hong Lim Park Off St (URA)82 mS$1.20 per half-hour at midday on a weekday · 23 car lots
- Backlane (Hongkong St - Carpenter St) (URA)134 m
- Backlane (North Canal Rd - Circular Rd) (URA)140 m
- Carpenter St (URA)141 mS$1.20 per half-hour at midday on a weekday · 35 car lots
Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 919 m away, S$80/month.
Public car parks only, by straight-line distance, with the operator's published rates. 38 North Canal Road's own car park, if it has one, and its charges are not in the open data.
Who's registered at 38 North Canal Road?
- Information and communications2
- Education2
- Wholesale and retail trade1
- Transportation and storage1
- Accommodation and food services1
- Professional, scientific and technical services0
- Financial and insurance0
- Administrative and support services0
- Arts, entertainment and recreation0
- Other 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 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.