CommercialDistrict 1 · Outram

Kreta Ayer Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 2001
Quick Summary

Kreta Ayer Conservation Area is a commercial building in District 1 · Outram. 1 transaction is on record since 1995, most recently in Aug 2001. ACRA records 0 live company registrations at this address.

1

What are the key facts about Kreta Ayer Conservation Area?

Key takeawayKreta Ayer Conservation Area is a commercial building in District 1 · Outram.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Not on record
District / Area
District 1 · Outram
Address
52 Pagoda Street
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About Kreta Ayer Conservation Area

Kreta Ayer Conservation Area is a commercial conservation area in Outram (District 01). It is located along Pagoda Street, Singapore 059211.

1 transaction has been recorded here, at a median of S$493 psf. The most recent was in August 2001.

3

What has Kreta Ayer Conservation Area sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2001 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2001Shop HouseS$1.59M3,224 sqft$493

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

4

What does space at Kreta Ayer 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).

5

Market context around Kreta Ayer Conservation Area

Key takeawayBrokers' retail figures for Singapore as a whole — 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 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m 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.

6

What's been approved at Kreta Ayer Conservation Area?

Key takeawayURA has approved 3 changes of use at Kreta Ayer Conservation Area since 2000, most recently in 2024. 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.
  1. 21 Nov 2024Approved
    Change of use: shop → fitness centre

    Change of use at 2nd & 3rd storey unit of the conserved 3-storey shophouse ts06 on lot 99608a at 52 pagoda street from shop to fitness centre (yoga) (chinatown (kreta ayer) conservation area)

  2. 30 Mar 2023Approved
    Additions & alterations

    Proposed amendment to approved additions and alterations to existing 3-storey conserved shophouse with change of use from shop to restaurant on 1st storey and backpacker hostel to shop on 2nd & 3rd storey on lot 99607t & 99608a ts06 at 52 pagoda street, s-059211 (chinatown - kreta ayer conservation area)

  3. 5 Oct 2022Approved
    Additions & alterations

    Proposed amendment to approved additions and alterations to existing 3-storey conserved shophouse with change of use from shop to restaurnat on 1st storey and backpacker hostel to shop on 2nd and 3rd storey on lot 99607t & 99608a ts06 at 52 pagoda street, s-059211 (chinatown-kreta ayer conservation area) on lot 99607t, 99608a ts06 at 52 pagoda street (chinatown-kreta ayer conservation area)

  4. 11 Aug 2021Renewed
    Continued use as backpackers' hostel

    Continued use at 2nd & 3rd storey units of the 3-storey building ts06 on lot 99608a at 52 pagoda street as backpackers' hostel (38 beds) (chinatown (kreta ayer) conservation area)

  5. 17 Feb 2021Approved
    Additions & alterations

    Proposed additions and alterations to existing 3-storey conserved shophouse on lot 99608a ts06 at 52 pagoda street (chinatown - kreta ayer conservation area)

  6. 19 Oct 2020Approved
    Change of use to backpackers' hostel

    Change of use at 2nd storey unit of the 3-storey building ts06 on lot 99608a at 52 pagoda street to backpackers' hostel (38 beds) (chinatown (kreta ayer) conservation area)

  7. 23 Aug 2017Renewed
    Continued use as boarding house

    Continued use at 2nd and 3rd storey of the 3-storey building ts06 on lot 99608a at 52 pagoda street as boarding house (13 rooms & 38 beds) (chinatown (kreta ayer) conservation area)

  8. 1 Aug 2016Renewed
    Continued use as boarding house

    Continued use at 2nd and 3rd storey of the 3-storey building ts06 on lot 99608a at 52 pagoda street as boarding house (13 rooms & 38 beds) (chinatown (kreta ayer) conservation area)

  9. 5 Aug 2015Renewed
    Continued use as boarding house

    Continued use at 2nd and 3rd storey of the 3-storey building ts06 on lot 99608a at 52 pagoda street as boarding house (chinatown (kreta ayer) conservation area)

  10. 4 Sept 2013Renewed
    Continued use as boarding house

    Continued use at 2nd and 3rd storey of the existing 3-storey building from shop to boarding house at 52 pagoda street (chinatown - kreta ayer conservation area)

  11. 21 Oct 2002Approved
    Additions & alterations

    Proposed additions & alterations to the 1st storey of an existing 3-storey building and use of 1st storey as restaurant, 2nd and 3rd storey as office.

  12. 18 Jul 2002Approved
    Change of use: shop → restaurant

    Proposed change of use of 1st storey from shop to restaurant

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).

7

What do commercial rents run near Kreta Ayer 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

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.

8

Who's registered at Kreta Ayer Conservation Area?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list Kreta Ayer Conservation Area as their registered address. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    0
  • Accommodation and food services
    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.

9

Frequently asked questions about Kreta Ayer Conservation Area

Where is Kreta Ayer Conservation Area?⌄

Kreta Ayer Conservation Area is at 52 Pagoda Street, Singapore 059211, in the Outram planning area.

What have units at Kreta Ayer Conservation Area sold for?⌄

Across 1 recorded transaction, the median price is S$493 psf. The latest was in August 2001.

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