CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Singapore River

39 Carpenter Street

Reviewed by Nathan TangUpdated 10 August 2026Data through Mar 2008
Quick Summary

39 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 leasehold with roughly 14 years remaining. 1 transaction is on record since 1995, most recently in Mar 2008. ACRA records 2 live company registrations at this address.

1

What are the key facts about 39 Carpenter Street?

Key takeaway39 Carpenter 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
39 Carpenter Street
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
2
2

About 39 Carpenter Street

39 Carpenter Street is a commercial property in Singapore River (District 01). It is located along Carpenter Street, Singapore 059918.

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 14 years remaining on the lease.

1 transaction has been recorded here, at a median of S$1,723 psf. The most recent was in March 2008.

2 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 92 m away (about a 1-minute walk).

3

What is 39 Carpenter Street zoned as?

Key takeaway39 Carpenter 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
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What has 39 Carpenter Street sold for?

Key takeaway1 transaction is on record since 1995, most recently in Mar 2008 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2008Shop HouseS$2.90M1,683 sqft$1,723

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 39 Carpenter 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 39 Carpenter Street?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 154 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 23 mBoat Quay · 92 mClarke Quay MRT Exit E · 155 mJade Medical Clinic · 168 mHong Lim Pk · 191 mPlace Of Worship · 366 mEducational Institution · 686 mKreta Ayer Community Club · 913 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 · 179 mHong Lim Market & Food Centre · 362 mCold Storage Singapore (1983) Pte Ltd · 427 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at 39 Carpenter Street?

Key takeawayACRA records 2 live company registrations at this address.
Live registrations
2
Registered last 3 years
0
Most common type
Limited Liability Partnership

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 39 Carpenter Street

Where is 39 Carpenter Street?

39 Carpenter Street is at 39 Carpenter Street, Singapore 059918, in the Singapore River planning area.

What is 39 Carpenter Street zoned as?

39 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 39 Carpenter Street?

39 Carpenter Street is leasehold. About 14 years remain on the lease.

Is 39 Carpenter Street a conserved property?

Yes. 39 Carpenter Street falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 39 Carpenter Street sold for?

Across 1 recorded transaction, the median price is S$1,723 psf. The latest was in March 2008.

What is the nearest MRT station to 39 Carpenter Street?

Clarke Quay MRT is the closest, 154 m away (about a 2-minute walk).

How many businesses are registered at 39 Carpenter Street?

2 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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