CommercialHOTELLeaseholdDistrict 1 · Singapore River

Havelock2

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2026

Quick Summary

Havelock2 is a commercial building in District 1 · Singapore River, on land zoned HOTEL under the URA Master Plan with a gross plot ratio of 8.3. It is leasehold with roughly 56 years remaining. 135 transactions are on record since 1995, at a median S$2,347 psf, most recently in Oct 2026. 36 units are currently listed for sale or rent. ACRA records 696 live company registrations at this address.

The facts are here — now get the verdict on Havelock2.

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What are the key facts about Havelock2?

Key takeawayHavelock2 is a commercial building in District 1 · Singapore River, zoned HOTEL, held leasehold.

Asset class: Commercial
Land-use zone: HOTEL
Gross plot ratio: 8.3
Tenure: Leasehold
District / Area: District 1 · Singapore River
Address: 2 Havelock Road
Land area: 4,213 sqm
Completed: Not on record
Storeys: 7 (© OpenStreetMap contributors)
Strata units (MCST): 245
Managing agent: KNIGHT FRANK PROPERTY & FACILITIES MANAGEMENT PTE. LTD.
Strata formed: 2017 (MCST 4523)
Submarket: City Fringe
Units with a recorded sale: At least 118
Listed as: Other Retail, Office, Food & Beverage
Transactions on record: 135 (records start 1995)
Live listings: 36
ACRA registrations: 696

What are the specs at Havelock2?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: car park; Source: CommercialGuru

About Havelock2

Havelock2 is a commercial building in Singapore River (District 01). It is located along Havelock Road, Singapore 059763.

Under the URA Master Plan it sits on land zoned hotel with a gross plot ratio of 8.3. It lies inside the Central Area.

The site is leasehold, with about 56 years remaining on the lease. It occupies roughly 4,213 sqm of land with about 20,209 sqm of gross floor area.

134 transactions have been recorded here, at a median of S$2,348 psf. The most recent was in June 2026.

765 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 260 m away (about a 4-minute walk). The closest bus stop (Opp Hong Lim Pk) is 60 m away (about a 1-minute walk).

What is Havelock2 zoned as?

Key takeawayHavelock2 sits on land zoned HOTEL with a gross plot ratio of 8.3, inside the Central Area.

Land-use zone: HOTEL
Gross plot ratio: 8.3
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 34,968 sqm · built 19,970 sqm · headroom 14,998 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 has Havelock2 sold for?

Key takeawayAcross 135 recorded transactions since 1995, the median price is about S$1.17M, most recently in Oct 2026.

Date	Use	Price	Area	PSF
Oct 2026	Office	S$2.27M	1,259 sqft	$1,799
Jun 2026	Office	S$1.39M	614 sqft	$2,262
Apr 2026	Retail	S$850k	215 sqft	$3,948
Apr 2026	Office	S$1.30M	517 sqft	$2,516
Nov 2025	Office	S$2.00M	1,259 sqft	$1,590
Oct 2025	Office	S$1.10M	689 sqft	$1,597
Sept 2025	Office	S$1.81M	1,259 sqft	$1,437
Apr 2025	Office	S$590k	334 sqft	$1,768
Mar 2025	Office	S$556k	334 sqft	$1,666
Dec 2024	Office	S$1.53M	861 sqft	$1,777

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 Havelock2 rent for?

Key takeawayNo rent is published for Havelock2 itself. On its street, Havelock Road, office space rented at a median of $7.80 psf a month in 2026Q3, with the middle half of leases between $7.02 and $8.50. That is not this building's own rent, and never a quote for a particular unit.

Office space on Havelock Road

Street level · 2026Q3

25th pct

$7.02

$75.53 psm

Median

$7.80

$84.00 psm

75th pct

$8.50

$91.48 psm

S$ per sq ft per month · median +2.6% on a year earlier

2023Q4 · $72.12 psm2026Q3 · $84.00 psm median

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 Havelock Road

Street level · 2026Q3

25th pct

$7.30

$78.59 psm

Median

$8.50

$91.47 psm

75th pct

$10.38

$111.76 psm

S$ per sq ft per month · median +6.4% on a year earlier

2023Q4 · $77.46 psm2026Q3 · $91.47 psm median

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 Havelock2

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 Havelock2

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 23 units for rent; 13 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 8 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.

Sale: between 6 Aug 2026 and 28 Aug 2026, 2 new listings appeared and 4 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 Havelock2?

Key takeawayURA has approved 106 changes of use at Havelock2 since 2000, most recently in 2026, and refused 4. 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.

22 Sept 2026RenewedFloor 1
Continued use as massage establishment
Continued use of unit #01-XX as massage establishment at havelock2
17 Aug 2026RenewedFloor B1
Continued use as nightclub
Continued use of commercial school and restaurant unit #B1-XX as nightclub
10 Jul 2026Agency worksFloor 2
Change of use to commercial school
Lodgment for proposed use of units #02-XX and #02-XX as commercial school
11 Jun 2026ApprovedFloor B1
Change of use to restaurant
Proposed change of use of shop unit #B1-XX to restaurant
26 May 2026RenewedFloor 1
Continued use as restaurant and bar with live entertainment
Continued use of unit #01-XX as restaurant and bar with live entertainment
20 Mar 2026RenewedFloor 2
Continued use as karaoke lounge
Continued use of shop unit #02-XX as karaoke lounge - havelock2
17 Nov 2025RenewedFloor 2
Continued use as bar with ancillary live performance
Continued use of unit #02-XX shop as bar with ancillary live performance
24 Oct 2025ApprovedFloor 5
Change of use to commercial school
Proposed change of use of unit #05-XX to commercial school
8 Oct 2025RenewedFloor 2
Continued use as karaoke lounge
Continued use of shop unit #02-XX as karaoke lounge (open concept)
1 Oct 2025RenewedFloor 2
Continued use as ntuc recreation clubhouse
Continued use of units #02-XX, #02-XX, #02-XX and #02-XX as ntuc recreation clubhouse
26 Sept 2025RenewedFloor 2
Continued use as restaurant and bar with live entertainment
Continued use of unit #02-XX as restaurant and bar with live entertainment - havelock2
5 Sept 2025RenewedFloor 2
Continued use as karaoke lounge
Continued use of shop unit #02-XX as karaoke lounge at havelock2

144 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).

How does Havelock Road price?

Key takeawayAcross 26 strata sales on Havelock Road in the last 5 years, the median is $1,713 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$1,713

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

What do commercial rents run near Havelock2?

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 Havelock2 right now?

Key takeaway36 units are currently listed at Havelock2 — 13 for sale and 23 for rent. One row per unit; several agents often market the same unit.

For sale (13)

Havelock IiS$980k · 398 sqft
Havelock22 agentsS$1.39M · 495 sqft
Havelock2S$1.20M · 270 sqft
Havelock2S$1.35M · 226 sqft

For rent (23)

Havelock2S$2k/mo · 182 sqft
Havelock2S$7k/mo · 818 sqft
Havelock2S$3k/mo · 269 sqft
Havelock2S$3k/mo · 205 sqft

Browse every listing at this building →

What is near Havelock2?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 260 m away — and 3 competing retail premisess operate nearby.

Getting around

Clarke Quay MRT260 m · ~4 min

Amenities nearby

Hotel · 12 mOpp Hong Lim Pk · 60 mPlace Of Worship · 114 mClarke Quay MRT Exit A · 131 mHo Medical Clinic · 144 mHong Lim Pk · 243 mKreta Ayer Community Club · 649 mEducational Institution · 791 mSingapore General Hospital · 1.1 km

Competing premises nearby

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

Hong Lim Market & Food Centre · 189 mChinatown Point · 194 mNTUC Fairprice Co-operative Ltd · 194 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Havelock2

Key takeawayThe nearest station is Clarke Quay (NE5), 130 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 26 public car parks are within 500 m.

Foot traffic: busier than 96% of retail buildings

nearest MRT/LRT Clarke Quay (NE5) 130 m, about 31,000 taps a weekday; 6 more stations within 1 km; bus stops within 400 m: 13, about 46,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 18,000 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

Clarke Quay (NE5)130 m · about 31,000 weekday taps
Chinatown (NE4 / DT19)194 m · about 97,000 weekday taps
Telok Ayer (DT18)533 m · about 37,000 weekday taps
Fort Canning (DT20)637 m · about 14,000 weekday taps
Maxwell (TE18)639 m · about 23,000 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 Havelock2. Transfers between lines don't tap, so interchanges read low.

Bus

13 bus stops within 400 m, with about 46,000 boardings and alightings on an average weekday.

Public car parks within 500 m

New Market Rd (URA)55 m
Upp Hokien St (URA)190 m
S$1.20 per half-hour at midday on a weekday · 28 car lots
Blk 533A Hong Lim Mscp (HDB)228 m
S$1.20 per half-hour at midday on a weekday · gantry 1.9 m · 583 car lots
Backlane (Upp Cross St - Mosque St) (URA)260 m
Hong Lim Park Off St (URA)272 m
S$1.20 per half-hour at midday on a weekday · 23 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. Which zone this car park is in is not published as data.

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 761 m away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. Havelock2's own car park, if it has one, and its charges are not in the open data.

Who's registered at Havelock2?

Key takeaway696 live companies (and LLPs and branches; sole proprietors are not counted) list Havelock2 as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
156
Professional, scientific and technical services
142
Financial and insurance
103
Information and communications
76
Transportation and storage
69
Accommodation and food services
29
Other services
29
Administrative and support services
20
Education
20
Health and social services
11

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 Havelock2's BCA building profile?

BCA building type: Retail
Green Mark: NA (NA)
Energy use intensity: 239 kWh/m²·yr

Frequently asked questions about Havelock2

Where is Havelock2?⌄

Havelock2 is at 2 Havelock Road, Singapore 059763, in the Singapore River planning area.

What is Havelock2 zoned as?⌄

Havelock2 sits on land zoned hotel under the URA Master Plan, with a gross plot ratio of 8.3.

What is the tenure of Havelock2?⌄

Havelock2 is leasehold. About 56 years remain on the lease.

What have units at Havelock2 sold for?⌄

Across 134 recorded transactions, the median price is S$2,348 psf. The latest was in June 2026.

What is the nearest MRT station to Havelock2?⌄

Clarke Quay MRT is the closest, 260 m away (about a 4-minute walk).

How many businesses are registered at Havelock2?⌄

765 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.

Total units: the strata units in the building's MCST (BCA's register) — strata lots, not tenancies; a single-owner building can be one lot. Units with a recorded sale (URA caveats) are a separate figure.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

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.

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 BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, CommercialGuru, 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.