CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Singapore River

40,40a,40b,40c,40d Carpenter Street

Reviewed by Nathan TangUpdated 8 November 2026Data through Feb 2011

Quick Summary

40,40a,40b,40c,40d 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 24 years remaining. 1 transaction is on record since 1995, most recently in Feb 2011. 2 units are currently listed for sale. ACRA records 3 live company registrations at this address.

The facts are here — now get the verdict on 40,40a,40b,40c,40d Carpenter Street.

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What are the key facts about 40,40a,40b,40c,40d Carpenter Street?

Key takeaway40,40a,40b,40c,40d 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: 40,40a,40b,40c,40d Carpenter Street
Land area: —
Completed: Not on record
Storeys: Not on record
Strata units (MCST): 5
Strata formed: 1992 (MCST 1683)
Submarket: City Fringe
Listed as: Shop / Shophouse, Other Retail
Transactions on record: 1 (records start 1995)
Live listings: 2
ACRA registrations: 3

About 40,40a,40b,40c,40d Carpenter Street

40,40A,40B,40C,40D Carpenter Street is a commercial property in Singapore River (District 01). It is located along Carpenter Street, Singapore 059919.

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.

1 transaction has been recorded here, at a median of S$902 psf. The most recent was in February 2011.

3 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 159 m away (about a 2-minute walk). The closest bus stop (Boat Quay) is 87 m away (about a 1-minute walk). Clarke Quay Central is 184 m away (about a 3-minute walk).

What is 40,40a,40b,40c,40d Carpenter Street zoned as?

Key takeaway40,40a,40b,40c,40d 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 →

What has 40,40a,40b,40c,40d Carpenter Street sold for?

Key takeaway1 transaction is on record since 1995, most recently in Feb 2011 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Feb 2011	Office	S$5.33M	5,909 sqft	$902

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 40,40a,40b,40c,40d Carpenter Street rent for?

Key takeawayNo rent is published for 40,40a,40b,40c,40d Carpenter Street itself. On its street, Carpenter Street, office space rented at a median of $5.18 psf a month in 2026Q2, with the middle half of leases between $4.71 and $5.32. That is not this building's own rent, and never a quote for a particular unit.

Office space on Carpenter Street

Street level · 2026Q2

25th pct

$4.71

$50.75 psm

Median

$5.18

$55.74 psm

75th pct

$5.32

$57.29 psm

S$ 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 on Carpenter Street

Street level · 2025Q3

25th pct

$3.24

$34.88 psm

Median

$4.77

$51.34 psm

75th pct

$4.93

$53.10 psm

S$ 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).

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).

Market context around 40,40a,40b,40c,40d Carpenter Street

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft

Singapore Office MarketBeat Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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 40,40a,40b,40c,40d Carpenter Street

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

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.

What's been approved at 40,40a,40b,40c,40d Carpenter Street?

Key takeawayURA has approved 1 change of use at 40,40a,40b,40c,40d Carpenter Street since 2000, most recently in 2007. 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.

10 Mar 2026Renewed
Continued use as restaurant
Continued use of 1st storey shop as restaurant
30 Apr 2024Approved
Additions & alterations
Proposed amendment to approved additions and alterations and change of use from shop to temporary restaurant use at 1st storey to an existing 5-storey intermediate shophouse office development on lot ts07-99832t at no. 40 carpenter street (singapore river planning area)
22 May 2023Approved
Additions & alterations
Proposed additions and alterations and change of use from shop to temporary restaurant use at 1st storey to an existing 5-storey intermediate shophouse office development on lot ts07-99832t at no. 40 carpenter street (singapore river planning area)
26 Jul 2022Refused
Additions & alterations
Proposed additions & alterations and change of use from office to residential use at 4th & 5th storeys, to existing 5-storey intermediate non-conserved shophouse development with approved shop at 1st storey and approved office at 2nd & 3rd storeys to be retained, on lot ts07-99832t at no. 40 carpenter street (singapore river planning area)
22 Aug 2011Renewed
Continued use as nightclub
Continued use of the 1st storey shop to nightclub
6 Sept 2007Approved
Change of use to nightclub
Change of use of 1st storey shop to 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 40,40a,40b,40c,40d Carpenter 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 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 40,40a,40b,40c,40d Carpenter Street right now?

Key takeaway2 units are currently listed at 40,40a,40b,40c,40d Carpenter Street. One row per unit; several agents often market the same unit.

For sale (2)

Carpenter StreetS$24.00M · 7,012 sqft
Carpenter Street 5-Storey Boutique Commercial Building3 agentsS$22.40M · 7,012 sqft

Browse every listing at this building →

What is near 40,40a,40b,40c,40d Carpenter Street?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 159 m away.

Getting around

Clarke Quay MRT159 m · ~3 min

Amenities nearby

Hotel · 21 mBoat Quay · 87 mClarke Quay MRT Exit E · 160 mCosmopolitan Clinic · 171 mClarke Quay Central · 184 mHong Lim Pk · 191 mHong Lim Market & Food Centre · 363 mPlace Of Worship · 370 mCold Storage Singapore (1983) Pte Ltd · 428 mEducational Institution · 688 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at 40,40a,40b,40c,40d Carpenter Street

Key takeawayThe nearest station is Clarke Quay (NE5), 158 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 19 public car parks are within 500 m.

Foot traffic: busier than 58% of office buildings

nearest MRT/LRT Clarke Quay (NE5) 158 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). Ranked against 485 office 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), not a count of people.

Stations within 1 km

Clarke Quay (NE5)158 m · about 31,000 weekday taps
Chinatown (NE4 / DT19)478 m · about 97,000 weekday taps
Raffles Place (EW14 / NS26)506 m · about 133,000 weekday taps
Telok Ayer (DT18)573 m · about 37,000 weekday taps
Fort Canning (DT20)650 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 40,40a,40b,40c,40d 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

Backlane (Hongkong St - Carpenter St) (URA)27 m
Carpenter St (URA)32 m
S$1.20 per half-hour at midday on a weekday · 35 car lots
Carpenter St Off St (URA)58 m
S$1.50 per half-hour at midday on a weekday · 69 car lots
Hong Kong St (URA)64 m
S$1.20 per half-hour at midday on a weekday · 32 car lots
Backlane (Carpenter - Upp Circular Rd) (URA)89 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 956 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. 40,40a,40b,40c,40d Carpenter Street's own car park, if it has one, and its charges are not in the open data.

Who's registered at 40,40a,40b,40c,40d Carpenter Street?

Key takeaway3 live companies (and LLPs and branches; sole proprietors are not counted) list 40,40a,40b,40c,40d Carpenter Street as their registered address. These are registered businesses, not who occupies the space.

Accommodation and food services
1
Administrative and support services
1
Other services
1
Wholesale and retail trade
0
Professional, scientific and technical services
0
Manufacturing
0
Transportation and storage
0
Financial and insurance
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.

Frequently asked questions about 40,40a,40b,40c,40d Carpenter Street

Where is 40,40A,40B,40C,40D Carpenter Street?⌄

40,40A,40B,40C,40D Carpenter Street is at 40,40A,40B,40C,40D Carpenter Street, Singapore 059919, in the Singapore River planning area.

What is 40,40A,40B,40C,40D Carpenter Street zoned as?⌄

40,40A,40B,40C,40D 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 40,40A,40B,40C,40D Carpenter Street?⌄

40,40A,40B,40C,40D Carpenter Street is leasehold. About 24 years remain on the lease.

Is 40,40A,40B,40C,40D Carpenter Street a conserved property?⌄

Yes. 40,40A,40B,40C,40D Carpenter Street falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 40,40A,40B,40C,40D Carpenter Street sold for?⌄

Across 1 recorded transaction, the median price is S$902 psf. The latest was in February 2011.

What is the nearest MRT station to 40,40A,40B,40C,40D Carpenter Street?⌄

Clarke Quay MRT is the closest, 159 m away (about a 2-minute walk).

How many businesses are registered at 40,40A,40B,40C,40D Carpenter Street?⌄

3 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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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.