CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Singapore River

39 Hongkong Street

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2015
Quick Summary

39 Hongkong 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 24 years remaining. 2 transactions are on record since 1995, most recently in Mar 2015. 6 units are currently listed for sale or rent. ACRA records 1 live company registration at this address.

1

What are the key facts about 39 Hongkong Street?

Key takeaway39 Hongkong 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 Hongkong Street
Land area
—
Completed
Not on record
Storeys
Not on record
Submarket
City Fringe
Listed as
Office, Shop / Shophouse, Other Retail
Transactions on record
2 (records start 1995)
Live listings
6
ACRA registrations
1
2

About 39 Hongkong Street

39 Hongkong Street is a commercial property in Singapore River (District 01). It is located along Hongkong Street, Singapore 059678.

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.

2 transactions have been recorded here, at a median of S$5,305 psf. The most recent was in March 2015.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 152 m away (about a 2-minute walk). The closest bus stop (Boat Quay) is 94 m away (about a 2-minute walk).

3

What is 39 Hongkong Street zoned as?

Key takeaway39 Hongkong 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
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What has 39 Hongkong Street sold for?

Key takeaway2 transactions are on record since 1995, most recently in Mar 2015 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Mar 2015Shop HouseS$17.21M2,159 sqft$7,970
Jan 2011Shop HouseS$5.70M2,159 sqft$2,640

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

5

What does space at 39 Hongkong Street rent for?

Key takeawayNo rent is published for 39 Hongkong Street itself. On its street, Hongkong Street, retail space rented at a median of $8.08 psf a month in 2023Q1. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Hongkong Street

Street level · 2023Q1
25th pct
—
— psm
Median
$8.08
$86.96 psm
75th pct
—
— psm

S$ per sq ft per month (median only published)

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 Hongkong Street

Street level · 2024Q3
25th pct
—
— psm
Median
$7.08
$76.25 psm
75th pct
—
— psm

S$ per sq ft per month (median only published)

2021Q4 · $56.35 psm2024Q3 · $76.25 psm median

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 · 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).

6

Market context around 39 Hongkong Street

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.

7

How fast units move at 39 Hongkong Street

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 4 units for rent; 2 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 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, 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.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

8

What's been approved at 39 Hongkong Street?

Key takeawayURA has approved 2 changes of use at 39 Hongkong Street since 2000, most recently in 2015. 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.
  1. 19 Feb 2025Renewed
    Continued use as restaurant

    Continued use of the 1st storey office unit as restaurant

  2. 27 Mar 2022Renewed
    Continued use as restaurant

    Continued use of the 1st storey office unit as restaurant

  3. 11 Mar 2019Renewed
    Continued use as restaurant

    Continued use of the 1st storey office unit as restaurant

  4. 4 Apr 2017Renewed
    Continued use as restaurant

    Continued use of the 1st storey office unit as restaurant

  5. 13 May 2015Approved
    Change of use to restaurant

    Proposed change of use of the 1st storey office unit to a restaurant on lot 00393p ts 07 at 39 hong kong street (singapore river planning area)

  6. 21 May 2014Approved
    Change of use to shop

    Change of use of 6th storey office to shop (medical clinic) on lot 99352m ts07 at 39 hongkong street (singapore river planning area)

  7. 8 Nov 2013Approved
    Additions & alterations

    Proposed regularisation of gfa and amendment to the approved major additions & alterations to the existing 5-storey conservation shophouse to add an additional storey to get a 6th storey rear extension on lot 99352m ts 07 at no. 39 hongkong street

  8. 20 Jul 2013Approved
    Additions & alterations

    Proposed major additions & alterations to the existing 5-storey conservation shophouse to add an additional storey to get a 6th storey rear extension on lot 99352m ts 07 at no. 39 hongkong street

  9. 12 Jun 2012Approved
    Additions & alterations

    Proposed amendment and regularisation to approved major additions & alterations to the existing 5-storey conservation shophouse and new 6-storey rear extension on lot 99352m ts 07 at no. 39 hongkong street (singapore river planning area)

  10. 23 Feb 2012Approved
    Additions & alterations

    Proposed major additions & alterations to the existing 5-storey conservation shophouse to add an additional storey to get a 6th storey rear extension on lot 99352m ts 07 at no. 39 hongkong street

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).

9

What do commercial rents run near 39 Hongkong Street?

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 band25th pctMedian75th 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 band25th pctMedian75th 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.

10

What is available at 39 Hongkong Street right now?

Key takeaway6 units are currently listed at 39 Hongkong Street — 2 for sale and 4 for rent. One row per unit; several agents often market the same unit.

For sale (2)

  • 39 Hongkong Street, 059678S$23.08M · 7,210 sqft
  • 39 Hongkong Street, 059678S$32.00M · 8,800 sqft

For rent (4)

  • 39 Hongkong Street, 059678S$27k/mo · 3,885 sqft
  • Rare Fitted Shophouse Office Near Clarke Quay MRTS$15k/mo · 1,494 sqft
  • Hong Kong StreetS$13k/mo · 1,494 sqft
  • Hong Kong StreetS$14k/mo · 1,494 sqft

Browse every listing at this building →

11

What is near 39 Hongkong Street?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 152 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 23 mBoat Quay · 94 mHong Lim Pk · 113 mClarke Quay MRT Exit A · 152 mThe Clinic @ One George Street · 158 mPlace Of Worship · 320 mEducational Institution · 754 mKreta Ayer Community Club · 832 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 · 194 mHong Lim Market & Food Centre · 281 mNTUC Fairprice Co-operative Ltd · 392 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at 39 Hongkong Street

Key takeawayThe nearest station is Clarke Quay (NE5), 151 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 20 public car parks are within 500 m.
Foot traffic: busier than 88% of retail buildings

nearest MRT/LRT Clarke Quay (NE5) 151 m, about 31,000 taps a weekday; 6 more stations within 1 km; bus stops within 400 m: 13, about 32,000 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)151 m · about 31,000 weekday taps
  • Chinatown (NE4 / DT19)397 m · about 97,000 weekday taps
  • Telok Ayer (DT18)511 m · about 37,000 weekday taps
  • Raffles Place (EW14 / NS26)522 m · about 133,000 weekday taps
  • Fort Canning (DT20)669 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 39 Hongkong Street. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 32,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Hong Kong St (URA)24 m
    S$1.20 per half-hour at midday on a weekday · 32 car lots
  • Backlane (Hongkong St - Carpenter St) (URA)93 m
  • Hong Lim Park Off St (URA)99 m
    S$1.20 per half-hour at midday on a weekday · 23 car lots
  • Carpenter St (URA)104 m
    S$1.20 per half-hour at midday on a weekday · 35 car lots
  • Backlane (North Canal Rd - Circular Rd) (URA)123 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 937 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. 39 Hongkong Street's own car park, if it has one, and its charges are not in the open data.

13

Who's registered at 39 Hongkong Street?

Key takeaway1 live company (and LLPs and branches; sole proprietors are not counted) list 39 Hongkong Street as their registered address. These are registered businesses, not who occupies the space.
  • Professional, scientific and technical services
    1
  • Transportation and storage
    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.

14

Frequently asked questions about 39 Hongkong Street

Where is 39 Hongkong Street?⌄

39 Hongkong Street is at 39 Hongkong Street, Singapore 059678, in the Singapore River planning area.

What is 39 Hongkong Street zoned as?⌄

39 Hongkong 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 Hongkong Street?⌄

39 Hongkong Street is leasehold. About 24 years remain on the lease.

Is 39 Hongkong Street a conserved property?⌄

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

What have units at 39 Hongkong Street sold for?⌄

Across 2 recorded transactions, the median price is S$5,305 psf. The latest was in March 2015.

What is the nearest MRT station to 39 Hongkong Street?⌄

Clarke Quay MRT is the closest, 152 m away (about a 2-minute walk).

How many businesses are registered at 39 Hongkong 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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