CommercialCOMMERCIALConservation999-year leaseholdDistrict 1 · Singapore River

Boat Quay Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2006
Quick Summary

Boat Quay Conservation Area is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan. It is 999-year leasehold. 1 transaction is on record since 1995, most recently in Aug 2006. ACRA records 0 live company registrations at this address.

1

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, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Tenure
999-year leasehold
District / Area
District 1 · Singapore River
Address
33 Boat Quay
Land area
—
Completed
Not on record
Storeys
3 (© OpenStreetMap contributors)
Submarket
City Fringe
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

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 049822.

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.

The site is 999-year leasehold, with about 799 years remaining on the lease.

1 transaction has been recorded here, at a median of S$2,894 psf. The most recent was in August 2006.

The nearest MRT is Raffles Place MRT, 297 m away (about a 5-minute walk). The closest bus stop (Boat Quay) is 201 m away (about a 3-minute walk).

3

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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 →

4

What has Boat Quay Conservation Area sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2006 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2006Shop HouseS$4.15M1,434 sqft$2,894

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 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).

6

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.

7

What's been approved at Boat Quay Conservation Area?

Key takeawayURA has approved 7 changes of use at Boat Quay Conservation Area since 2000, most recently in 2011. 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.

  1. 17 Dec 2025Renewed
    Continued use as restaurant and bar

    Continued use at the 1st storey of the 3-storey building as restaurant and bar at 33 and 34 boat quay

  2. 10 Oct 2024Renewed
    Continued use as restaurant and bar

    Continued use at the 1st storey of the 3-storey building as restaurant and bar at 33 and 34 boat quay

  3. 27 Aug 2019Renewed
    Continued use as restaurant with live entertainment

    Continued use of the 1st storey of the 3-storey buildings as restaurant with live entertainment at 33 & 34 boat quay

  4. 6 Mar 2019Renewed
    Continued use as restaurant with live entertainment

    Continued use of the 1st storey of the 3-storey buildings as restaurant with live entertainment at 33 & 34 boat quay

  5. 13 Mar 2018Renewed
    Continued use as restaurant with live entertainment

    Continued use of the 1st storey of the 3-storey buildings as restaurant with live entertainment at 33 & 34 boat quay

  6. 29 Oct 2015Renewed
    Continued use as nightclub

    Continued use of the 1st storey of the 3-storey buildings as nightclub at 33 & 34 boat quay

  7. 23 Dec 2011Approved
    Change of use to nightclub

    Continue use of the 1st and 3rd storey as nightclub at 33 & 34 boat quay

  8. 9 Dec 2011Approved
    Additions & alterations

    Proposed additions and alterations to existing 2 units of 3-storey conserved shophouses (boat quay conservation area)

  9. 3 Jun 2010Approved
    Change of use to nightclub

    Change of use of the 1st and 3rd storey to nightclub

  10. 3 Jun 2010Approved
    Change of use to restaurant

    Change of use of the 1st, 2nd & 3rd storey as restaurant (boat quay conservation area)

  11. 7 Nov 2008Approved
    Change of use to pub and 3rd storey to night club

    Change of use at 1st storey to pub and 3rd storey to night club

  12. 25 Jan 2007Approved
    Change of use: shop → restaurant and pub

    Proposed change of use from shop to restaurant and pub at 1st storey only ts04 on lot 99361-0000 , 99370-0000 33 boat quay, 34 boat quay (boat quay conservation area)

5 earlier change-of-use and A&A decisions are on record since 2000.

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).

8

How does Boat Quay price?

Strata sales on the street (5y)
1

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.

9

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 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 near Boat Quay Conservation Area?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 297 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Cosmopolitan Clinic · 120 mPlace Of Worship · 171 mBoat Quay · 201 mHotel · 221 mRaffles Place MRT Exit G · 232 mParliament Promenade · 270 mEducational Institution · 883 mKreta Ayer Community Club · 928 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 · 251 mMarket Street Hawker Centre · 254 m

Straight-line distances. Source: PropKaki amenities data.

11

Getting there and parking at Boat Quay Conservation Area

Key takeawayThe nearest station is Raffles Place (EW14 / NS26), 232 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) 232 m, about 133,000 taps a weekday; 10 more stations within 1 km; bus stops within 400 m: 6, about 8,520 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 9,018 residents within 1 km (June 2026); 9 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)232 m · about 133,000 weekday taps
  • Clarke Quay (NE5)416 m · about 31,000 weekday taps
  • Telok Ayer (DT18)422 m · about 37,000 weekday taps
  • Chinatown (NE4 / DT19)520 m · about 97,000 weekday taps
  • Downtown (DT17)769 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

6 bus stops within 400 m, with 8,520 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Backlane (Lor Telok - Circular Rd) (URA)71 m
  • Circular Rd (URA)73 m
    S$1.20 per half-hour at midday on a weekday · 34 car lots
  • North Canal Rd (URA)134 m
    S$1.20 per half-hour at midday on a weekday · 24 car lots
  • Lor Telok (URA)135 m
    S$1.20 per half-hour at midday on a weekday · 21 car lots
  • Backlane (Synagogue St ) (URA)157 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.

12

Who's registered at Boat Quay Conservation Area?

Key takeaway0 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.
  • 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.

13

Frequently asked questions about Boat Quay Conservation Area

Where is Boat Quay Conservation Area?⌄

Boat Quay Conservation Area is at 33 Boat Quay, Singapore 049822, 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.

What is the tenure of Boat Quay Conservation Area?⌄

Boat Quay Conservation Area is 999-year leasehold. About 799 years remain on the lease.

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 1 recorded transaction, the median price is S$2,894 psf. The latest was in August 2006.

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

Raffles Place MRT is the closest, 297 m away (about a 5-minute walk).

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