Kreta Ayer Conservation Area
Kreta Ayer Conservation Area is a commercial building in District 1 · Outram, on land zoned COMMERCIAL under the URA Master Plan. It is 999-year leasehold. 2 transactions are on record since 1995, most recently in Dec 2020. 12 units are currently listed for sale or rent. ACRA records 4 live company registrations at this address.
What are the key facts about Kreta Ayer Conservation Area?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- Subject to Evaluation
- Tenure
- 999-year leasehold
- District / Area
- District 1 · Outram
- Address
- 198 South Bridge Road
- Land area
- —
- Transactions on record
- 2 (records start 1995)
- Live listings
- 12
- ACRA registrations
- 4
About Kreta Ayer Conservation Area
Kreta Ayer Conservation Area is a commercial conservation area in Outram (District 01). It is located along South Bridge Road, Singapore 058747.
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 850 years remaining on the lease.
2 transactions have been recorded here, at a median of S$9,228 psf. The most recent was in December 2020.
4 businesses are currently registered at this address with ACRA.
The nearest MRT is Chinatown MRT, 101 m away (about a 2-minute walk). The closest bus stop (Opp Chinatown Stn) is 74 m away (about a 1-minute walk).
What is Kreta Ayer Conservation Area zoned as?
- Land-use zone
- COMMERCIAL
- Gross plot ratio
- Subject to Evaluation
- Conservation area
- Chinatown (Kreta Ayer)
- 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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 Kreta Ayer Conservation Area sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Dec 2020 | Shop House | S$27.00M | 2,102 sqft | $12,844 |
| May 2017 | Shop House | S$11.80M | 2,102 sqft | $5,613 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does South Bridge Road price?
Too few strata sales on this street to support a median — the count is shown without one.
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Kreta Ayer Conservation Area?
Indicative area yield — District 1 retail
An INDICATIVE AREA yield for District 1 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 1 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th 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 band | 25th pct | Median | 75th 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.
What is available at Kreta Ayer Conservation Area right now?
For sale (3)
- South Bridge RoadS$50.00M · 11,008 sqft
- South Bridge Road2 agentsS$16.80M · 3,300 sqft
- South Bridge RoadS$33.40M · 6,430 sqft
For rent (9)
- South Bridge RoadS$4k/mo · 1,097 sqft
- South Bridge RoadS$8k/mo · 1,050 sqft
- South Bridge Road2 agentsS$30k/mo · 2,125 sqft
- South Bridge Road2 agentsS$16k/mo · 1,600 sqft
What is near Kreta Ayer Conservation Area?
Getting around
- Chinatown MRT101 m · ~2 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.
How many companies are registered at Kreta Ayer Conservation Area?
- Live registrations
- 4
- Registered last 3 years
- 3
- Most common type
- Local Company
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.
Frequently asked questions about Kreta Ayer Conservation Area
Where is Kreta Ayer Conservation Area?⌄
Kreta Ayer Conservation Area is at 198 South Bridge Road, Singapore 058747, in the Outram planning area.
What is Kreta Ayer Conservation Area zoned as?⌄
Kreta Ayer Conservation Area sits on land zoned commercial under the URA Master Plan.
What is the tenure of Kreta Ayer Conservation Area?⌄
Kreta Ayer Conservation Area is 999-year leasehold. About 850 years remain on the lease.
Is Kreta Ayer Conservation Area a conserved property?⌄
Yes. Kreta Ayer Conservation Area falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at Kreta Ayer Conservation Area sold for?⌄
Across 2 recorded transactions, the median price is S$9,228 psf. The latest was in December 2020.
What is the nearest MRT station to Kreta Ayer Conservation Area?⌄
Chinatown MRT is the closest, 101 m away (about a 2-minute walk).
How many businesses are registered at Kreta Ayer 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.
The facts are here — now get the verdict on Kreta Ayer 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.