CommercialCOMMERCIALConservationDistrict 1 · Singapore River

Greatwood Building

Reviewed by Nathan TangUpdated 10 November 2026

Quick Summary

Greatwood Building is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan. ACRA records 4 live company registrations at this address.

The facts are here — now get the verdict on Greatwood Building.

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What are the key facts about Greatwood Building?

Key takeawayGreatwood Building 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: 43 Carpenter Street
Land area: 158 sqm
Completed: Not on record
Storeys: 2 (© OpenStreetMap contributors)
Submarket: City Fringe
Listed as: Shop / Shophouse
Transactions on record: None recorded
Live listings: None
ACRA registrations: 4

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

About Greatwood Building

Greatwood Building is a commercial building in Singapore River (District 01). It is located along Carpenter Street, Singapore 059922.

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.

It occupies roughly 158 sqm of land with about 662 sqm of gross floor area.

6 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 241 m away (about a 4-minute walk). The closest bus stop (Boat Quay) is 34 m away (about a 0-minute walk). Clarke Quay Central is 269 m away (about a 4-minute walk).

What is Greatwood Building zoned as?

Key takeawayGreatwood Building 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 Do not quote a plot ratio, and do not compute buildable GFA from it.

BCA-verified envelope: built 913 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

What does space at Greatwood Building rent for?

Key takeawayNo rent is published for Greatwood Building 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 Greatwood Building

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 Greatwood Building

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

Sale: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 1 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 Greatwood Building?

Key takeawayURA has approved 6 changes of use at Greatwood Building since 2000, most recently in 2026, and refused 2. 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.

12 May 2026ApprovedFloor 4
Change of use to gym/fitness centre
Proposed change of use of unit #04-XX to gym/fitness centre
24 Sept 2025Renewed
Continued use as karaoke lounge
Continued use of the 1st storey shop as karaoke lounge at greatwood building
4 Sept 2025RefusedFloor 2
Change of use to nightclub
Proposed change of use of unit #02-XX to nightclub
10 May 2024RefusedFloor 5
Change of use: office → karaoke lounge
Proposed change of use of unit #05-XX from office to karaoke lounge
15 Jan 2024RenewedFloor 2
Continued use as gym/fitness centre
Continued use of unit #02-XX as gym/fitness centre - greatwood building
21 Nov 2023RenewedFloor 3
Continued use as gym / fitness centre
Continued use of office unit #03-XX as gym / fitness centre - greatwood building
7 Nov 2022Renewed
Continued use as karaoke lounge
Continued use of the 1st storey shop as karaoke lounge at greatwood building
19 Aug 2021Refused
Additions & alterations
Proposed outline application for addition & alteration to the existing 5-storey commercial building to 7-storey commercial building and a basement, ts07 on lot 99411w, at 43 carpenter street, singapore 059922
17 Sept 2020ApprovedFloor 2
Change of use to gym/fitness centre
Proposed change of use of unit #02-XX to gym/fitness centre - greatwood building
22 Jul 2020ApprovedFloor 3
Change of use to gym/ fitness centre
Proposed change of use of office unit #03-XX to gym/ fitness centre - greatwood building
18 Oct 2019Renewed
Continued use as karaoke lounge
Continued use of the 1st storey shop as karaoke lounge at greatwood building
1 Nov 2018Renewed
Continued use as karaoke lounge
Continued use of the 1st storey shop as karaoke lounge at greatwood building

11 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 Greatwood Building?

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 near Greatwood Building?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 241 m away.

Getting around

Clarke Quay MRT241 m · ~4 min

Amenities nearby

Hotel · 29 mBoat Quay · 34 mCosmopolitan Clinic · 90 mHong Lim Pk · 189 mClarke Quay MRT Exit E · 244 mClarke Quay Central · 269 mPlace Of Worship · 300 mHong Lim Market & Food Centre · 367 mCold Storage Singapore (1983) Pte Ltd · 453 mEducational Institution · 744 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Greatwood Building

Key takeawayThe nearest station is Clarke Quay (NE5), 241 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 20 public car parks are within 500 m.

Foot traffic: busier than 60% of office buildings

nearest MRT/LRT Clarke Quay (NE5) 241 m, about 31,000 taps a weekday; 8 more stations within 1 km; bus stops within 400 m: 13, about 23,000 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)241 m · about 31,000 weekday taps
Raffles Place (EW14 / NS26)421 m · about 133,000 weekday taps
Chinatown (NE4 / DT19)472 m · about 97,000 weekday taps
Telok Ayer (DT18)523 m · about 37,000 weekday taps
Fort Canning (DT20)735 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 Greatwood Building. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 23,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Hongkong St - Carpenter St) (URA)59 m
Lor Telok (URA)72 m
S$1.20 per half-hour at midday on a weekday · 21 car lots
Backlane (North Canal Rd - Circular Rd) (URA)84 m
Carpenter St Off St (URA)110 m
S$1.50 per half-hour at midday on a weekday · 69 car lots
Carpenter St (URA)113 m
S$1.20 per half-hour at midday on a weekday · 35 car lots

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.0 km away, S$80/month.

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

Who's registered at Greatwood Building?

Key takeaway4 live companies (and LLPs and branches; sole proprietors are not counted) list Greatwood Building as their registered address. These are registered businesses, not who occupies the space.

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

What is Greatwood Building's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 227 kWh/m²·yr

Frequently asked questions about Greatwood Building

Where is Greatwood Building?⌄

Greatwood Building is at 43 Carpenter Street, Singapore 059922, in the Singapore River planning area.

What is Greatwood Building zoned as?⌄

Greatwood Building sits on land zoned commercial under the URA Master Plan.

Is Greatwood Building a conserved property?⌄

Yes. Greatwood Building falls within a URA conservation area, so external works are subject to conservation guidelines.

Have there been any recorded transactions at Greatwood Building?⌄

No caveats have been lodged for Greatwood Building in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to Greatwood Building?⌄

Clarke Quay MRT is the closest, 241 m away (about a 4-minute walk).

How many businesses are registered at Greatwood Building?⌄

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.

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 10 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.