CommercialCOMMERCIALConservation999-year leaseholdDistrict 1 · Singapore River

Boat Quay Conservation Area

Reviewed by Nathan TangUpdated 10 August 2026Data through May 2013
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 May 2013. ACRA records 4 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
34 Circular Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
4
2

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 049390.

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$8,074 psf. The most recent was in May 2013.

4 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 346 m away (about a 5-minute walk). The closest bus stop (Boat Quay) is 118 m away (about a 2-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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 May 2013 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
May 2013Shop HouseS$8.50M1,053 sqft$8,074

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.

5

What do commercial rents run near Boat Quay Conservation Area?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$86.02$123.08$167.78
B1 & Below · 30 & Below$69.95$306.07$392.13
Level 1 · 30 & Below$142.92$214.69$372.85
Level 1 · >30 - 100$117.46$187.50$219.19
B1 & Below · >30 - 100$116.28$142.89$228.69
Level 4 & Above · >30 - 100$71.98$75.86$192.95
Level 2 & 3 · >30 - 100$73.23$95.24$167.06
Level 2 & 3 · >100 - 300$83.43$129.13$158.54

Office rents — Central Area ($ psm/month, 2026Q2)

Building class · size band25th pctMedian75th pct
Category 1 · 100 & Below$91.40$96.39$119.48
Category 2 · 100 & Below$57.98$71.59$86.82
Category 1 · >100 - 200$113.24$120.54$144.36
Category 2 · >100 - 200$59.40$77.88$96.88
Category 2 · >200 - 500$69.97$89.34$97.94
Category 1 · >200 - 500$112.64$129.70$148.82
Category 1 · >500 - 1000$119.97$136.70$147.13
Category 2 · >500 - 1000$55.42$82.91$92.66

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.

6

What is near Boat Quay Conservation Area?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 346 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Cosmopolitan Clinic · 51 mBoat Quay · 118 mHotel · 135 mPlace Of Worship · 219 mParliament Promenade · 230 mRaffles Place MRT Exit H · 316 mEducational Institution · 817 mKreta Ayer Community Club · 916 m

Competing premises nearby

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

Market Street Hawker Centre · 324 mOne Raffles Place · 336 mCold Storage Singapore (1983) Pte Ltd · 499 m

Straight-line distances. Source: PropKaki amenities data.

7

How many companies are registered at Boat Quay Conservation Area?

Key takeawayACRA records 4 live company registrations at this address, 2 of them in the last three years.
Live registrations
4
Registered last 3 years
2
Most common type
Sole Proprietorship/ Partnership

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.

8

Frequently asked questions about Boat Quay Conservation Area

Where is Boat Quay Conservation Area?

Boat Quay Conservation Area is at 34 Circular Road, Singapore 049390, 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$8,074 psf. The latest was in May 2013.

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

Clarke Quay MRT is the closest, 346 m away (about a 5-minute walk).

How many businesses are registered at Boat Quay Conservation Area?

4 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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