CommercialCOMMERCIALConservationDistrict 1 · Singapore River

Boat Quay Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2023

Quick Summary

Boat Quay Conservation Area is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan. 2 transactions are on record since 1995, most recently in May 2023. 1 unit is currently listed for sale. ACRA records 6 live company registrations at this address.

The facts are here — now get the verdict on Boat Quay Conservation Area.

Ask PropKaki

What are the key facts about Boat Quay Conservation Area?

Key takeawayBoat Quay Conservation Area is a commercial building in District 1 · Singapore River, zoned COMMERCIAL.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: Subject to Evaluation
Tenure: Not on record
District / Area: District 1 · Singapore River
Address: 37 Boat Quay
Land area: —
Completed: Not on record
Storeys: 3 (© OpenStreetMap contributors)
Submarket: City Fringe
Listed as: Food & Beverage, Shop / Shophouse
Transactions on record: 2 (records start 1995)
Live listings: 1
ACRA registrations: 6

About Boat Quay Conservation Area

Boat Quay Conservation Area is a commercial conservation area in Singapore River (District 01). It is located along Boat Quay, Singapore 049826.

Under the URA Master Plan it sits on land zoned commercial. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines. It lies inside the Central Area.

2 transactions have been recorded here, at a median of S$11,954 psf. The most recent was in May 2023.

6 businesses are currently registered at this address with ACRA.

The nearest MRT is Raffles Place MRT, 321 m away (about a 5-minute walk). The closest bus stop (Boat Quay) is 179 m away (about a 3-minute walk).

What is Boat Quay Conservation Area zoned as?

Key takeawayBoat Quay Conservation Area sits on land zoned COMMERCIAL, with conservation status, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: Subject to Evaluation
Conservation area: Boat Quay
Conserved building: Yes
Urban design area: Udga
Central Area: Yes

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

What has Boat Quay Conservation Area sold for?

Key takeaway2 transactions are on record since 1995, most recently in May 2023 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
May 2023	Shop House	S$30.00M	1,426 sqft	$21,034
Jul 2000	Shop House	S$4.10M	1,426 sqft	$2,875

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 Boat Quay Conservation Area rent for?

Key takeawayNo street- or building-level rent is published here. Across District 1 retail, retail space rented at a median of $10.02 psf a month in 2026Q3, with the middle half of leases between $8.23 and $15.92. That is not this building's own rent, and never a quote for a particular unit.

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 Boat Quay Conservation Area

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.

How fast units move at Boat Quay Conservation Area

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 0 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 2 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.

What's been approved at Boat Quay Conservation Area?

Key takeawayURA has approved 3 changes of use at Boat Quay Conservation Area since 2000, most recently in 2022. 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.

F&B and nightlife here

No new bars, pubs, nightclubs or karaoke lounges (a Historic Conservation Area).

Per URA's Use of Buildings in Conservation Areas. A planning guideline for the area, not a decision on any unit; it applies to new eating houses and bars, not to one already approved.

8 May 2024Renewed
Continued use as commercial school
Continued use at the 2nd storey of the 3-storey building as commercial school at 37 boat quay
6 Oct 2022Approved
Additions & alterations
Proposed amendment to approved additions & alterations to the existing 3-storey conservation building on ts04 lot99385c at 37 boat quay singapore 049826
23 Jun 2022Approved
Change of use: dance studio → commercial school
Proposed change of use at the 2nd storey of the 3-storey building from dance studio to commercial school at 37 boat quay
7 Jan 2022Approved
Additions & alterations
Proposed amendment to approved additions & alterations to the existing 3-storey conservation building with change of use of 2nd storey from office to dance studio on ts04 lot99385c at 37 boat quay singapore 049826
23 Aug 2021Approved
Additions & alterations
Proposed addition & alteration to the existing 3-storey conservation building on ts04 lot 99385c at 37 boat quay singapore 049826
5 Jan 2011Approved
Change of use to art studio
Change of use of the 2nd-storey unit 37a boat quay of the 3-storey building as art studio (shop) & caf� (boat quay conservation area)
19 Sept 2000Approved
Change of use: office → snack bar
Proposed change of use of 2nd and 3rd sty from office to snack bar

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).

How does Boat Quay price?

Strata sales on the street (5y)

Too few strata sales on this street to support a median — the count is shown without one.

Street figures cover strata deals only — land and strata PSF are not comparable.

What do commercial rents run near Boat Quay Conservation Area?

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 Boat Quay Conservation Area right now?

Key takeaway1 unit is currently listed at Boat Quay Conservation Area. One row per unit; several agents often market the same unit.

For sale (1)

Next to Go Boat Quay Circular Conservation F&B ShophouseS$25.00M · 3,100 sqft

Browse every listing at this building →

What is near Boat Quay Conservation Area?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 321 m away — and 2 competing retail premisess operate nearby.

Getting around

Raffles Place MRT321 m · ~5 min

Amenities nearby

Cosmopolitan Clinic · 100 mBoat Quay · 179 mPlace Of Worship · 186 mHotel · 198 mParliament Promenade · 253 mRaffles Place MRT Exit H · 254 mEducational Institution · 862 mKreta Ayer Community Club · 929 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

One Raffles Place · 275 mMarket Street Hawker Centre · 275 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Boat Quay Conservation Area

Key takeawayThe nearest station is Raffles Place (EW14 / NS26), 254 m away — one of the busiest stations, with about 133,000 taps in and out on an average weekday. 19 public car parks are within 500 m.

Foot traffic: busier than 60% of retail buildings

nearest MRT/LRT Raffles Place (EW14/NS26) 254 m, about 133,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 7, about 8,842 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 9,133 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

Raffles Place (EW14 / NS26)254 m · about 133,000 weekday taps
Clarke Quay (NE5)399 m · about 31,000 weekday taps
Telok Ayer (DT18)437 m · about 37,000 weekday taps
Chinatown (NE4 / DT19)515 m · about 97,000 weekday taps
Downtown (DT17)793 m · about 51,000 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 Boat Quay Conservation Area. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with 8,842 boardings and alightings on an average weekday.

Public car parks within 500 m

Circular Rd (URA)53 m
S$1.20 per half-hour at midday on a weekday · 34 car lots
Backlane (Lor Telok - Circular Rd) (URA)61 m
Lor Telok (URA)115 m
S$1.20 per half-hour at midday on a weekday · 21 car lots
North Canal Rd (URA)121 m
S$1.20 per half-hour at midday on a weekday · 24 car lots
Backlane (Synagogue St ) (URA)153 m

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.2 km away, S$80/month.

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

Who's registered at Boat Quay Conservation Area?

Key takeaway6 live companies (and LLPs and branches; sole proprietors are not counted) list Boat Quay Conservation Area as their registered address. These are registered businesses, not who occupies the space.

Administrative and support services
2
Wholesale and retail trade
1
Accommodation and food services
1
Construction
1
Financial and insurance
1

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 Boat Quay Conservation Area

Where is Boat Quay Conservation Area?⌄

Boat Quay Conservation Area is at 37 Boat Quay, Singapore 049826, in the Singapore River planning area.

What is Boat Quay Conservation Area zoned as?⌄

Boat Quay Conservation Area sits on land zoned commercial under the URA Master Plan.

Is Boat Quay Conservation Area a conserved property?⌄

Yes. Boat Quay Conservation Area falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Boat Quay Conservation Area sold for?⌄

Across 2 recorded transactions, the median price is S$11,954 psf. The latest was in May 2023.

What is the nearest MRT station to Boat Quay Conservation Area?⌄

Raffles Place MRT is the closest, 321 m away (about a 5-minute walk).

How many businesses are registered at Boat Quay Conservation Area?⌄

6 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.

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.

F&B / nightlife: per URA's Use of Buildings in Conservation Areas. A planning guideline, not a decision on any unit.

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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 PropKaki's submarket map, URA planning decisions, URA's rules for conservation areas, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — 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.