Boat Quay Conservation Area
Boat Quay Conservation Area is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan. 1 transaction is on record since 1995, most recently in Dec 2001. 1 unit is currently listed for rent. ACRA records 3 live company registrations at this address.
What are the key facts about Boat Quay Conservation Area?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- Subject to Evaluation
- Tenure
- Not on record
- District / Area
- District 1 · Singapore River
- Address
- 48 Circular Road
- Land area
- —
- Completed
- Not on record
- Storeys
- Not on record
- Submarket
- City Fringe
- Listed as
- Office
- Transactions on record
- 1 (records start 1995)
- Live listings
- 1
- ACRA registrations
- 3
About Boat Quay Conservation Area
Boat Quay Conservation Area is a commercial conservation area in Singapore River (District 01). It is located along Circular Road, Singapore 049403.
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.
1 transaction has been recorded here, at a median of S$1,374 psf. The most recent was in December 2001.
5 businesses are currently registered at this address with ACRA.
The nearest MRT is Raffles Place MRT, 300 m away (about a 5-minute walk). The closest bus stop (OCBC Ctr) is 183 m away (about a 3-minute walk).
What is Boat Quay Conservation Area zoned as?
- 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 Do not quote a plot ratio, and do not compute buildable GFA from it.
What has Boat Quay Conservation Area sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Dec 2001 | Shop House | S$1.80M | 1,310 sqft | $1,374 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like. sqm ↔ sq ft converter
What does space at Boat Quay Conservation Area rent for?
Retail space — District 1 retail
Region band · 2026Q3S$ 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
- Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m sq ft
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
Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing 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?
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.
- 22 Jan 2026ApprovedChange of use: restaurant and bar → restaurant and bar with live entertainment
Proposed change of use at the 1st storey of the 3-storey building from restaurant and bar to restaurant and bar with live entertainment at 48 circular road
- 2 Oct 2024RenewedContinued use as restaurant and bar
Continued use at the 1st storey of the 3-storey building as restaurant and bar at 48 circular road
- 29 Sept 2023RenewedContinued use as restaurant and bar
Continued use at the 1st storey of the 3-storey building as restaurant and bar at 48 circular road
- 4 Apr 2023RenewedContinued use as restaurant and bar
Continued use at the 1st storey of the 3-storey building as restaurant and bar at 48 circular road
- 28 Oct 2021RenewedContinued use as restaurant cum bar
Continued use at the 1st storey of the 3-storey building as restaurant cum bar at 48 circular road
- 12 Oct 2020RenewedContinued use as restaurant cum bar
Continued use of the 1st storey of the 3-storey building as restaurant cum bar at 48 circular road
- 27 Sept 2019RenewedContinued use as restaurant cum bar
Continued use of the 1st storey of the 3-storey building as restaurant cum bar at 48 circular road
- 23 Nov 2018ApprovedChange of use to restaurant cum bar
Change of use of the 1st storey of the 3-storey building as restaurant cum bar at 48 circular road
- 21 Feb 2018RenewedContinued use as bar/pub
Continued use of the 1st storey of the existing 3-storey building ts04 on lot 99362t & 99366x at 48 circular road as bar/pub (boat quay conservation area)
- 4 Apr 2017RenewedContinued use as bar/pub
Continued use of the 1st storey of the 3-storey building as bar/pub at 48 circular road
- 6 Apr 2016RenewedContinued use as bar/pub
Continue use of the 1st storey of the 3-storey building as bar/pub at 48 circular road
- 1 Apr 2015RenewedContinued use as bar/pub
Continue use of the 1st storey of the 3-storey building as bar/pub at 48 circular road
6 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$54.50 per unit).
What do commercial rents run near Boat Quay Conservation Area?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ 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?
For rent (1)
- 48 Circular Road, 049403S$7k/mo · 950 sqft
What is near Boat Quay Conservation Area?
Getting around
- Raffles Place MRT300 m · ~5 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
Getting there and parking at Boat Quay Conservation Area
nearest MRT/LRT Raffles Place (EW14/NS26) 241 m, about 133,000 taps a weekday; 9 more stations within 1 km; bus stops within 400 m: 6, about 8,894 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 9,487 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)241 m · about 133,000 weekday taps
- Clarke Quay (NE5)400 m · about 31,000 weekday taps
- Telok Ayer (DT18)402 m · about 37,000 weekday taps
- Chinatown (NE4 / DT19)495 m · about 97,000 weekday taps
- Downtown (DT17)763 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 8,894 boardings and alightings on an average weekday.
Public car parks within 500 m
- Backlane (Lor Telok - Circular Rd) (URA)52 m
- Circular Rd (URA)64 mS$1.20 per half-hour at midday on a weekday · 34 car lots
- North Canal Rd (URA)115 mS$1.20 per half-hour at midday on a weekday · 24 car lots
- Lor Telok (URA)126 mS$1.20 per half-hour at midday on a weekday · 21 car lots
- Backlane (Synagogue St ) (URA)133 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?
- Accommodation and food services1
- Wholesale and retail trade1
- Financial and insurance1
- Construction0
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 48 Circular Road, Singapore 049403, 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 1 recorded transaction, the median price is S$1,374 psf. The latest was in December 2001.
What is the nearest MRT station to Boat Quay Conservation Area?⌄
Raffles Place MRT is the closest, 300 m away (about a 5-minute walk).
How many businesses are registered at Boat Quay Conservation Area?⌄
5 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.
The facts are here — now get the verdict on Boat Quay Conservation Area.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.