CommercialCOMMERCIALConservationFreeholdDistrict 1 · Singapore River

Merchants Building

Reviewed by Nathan TangUpdated 8 November 2026Data through Apr 2022

Quick Summary

Merchants Building is a commercial building in District 1 · Singapore River, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 4.2. It is freehold. 1 transaction is on record since 1995, most recently in Apr 2022. 1 unit is currently listed for rent. ACRA records 8 live company registrations at this address.

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

Ask PropKaki

What are the key facts about Merchants Building?

Key takeawayMerchants Building is a commercial building in District 1 · Singapore River, zoned COMMERCIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 4.2
Tenure: Freehold
District / Area: District 1 · Singapore River
Address: 76 Enbloc South Bridge Road
Land area: 104 sqm
Completed: Not on record
Storeys: 6 (© OpenStreetMap contributors)
Submarket: City Fringe
Transactions on record: 1 (records start 1995)
Live listings: 1
ACRA registrations: 8

About Merchants Building

Merchants Building is a commercial building in Singapore River (District 01). It is located along Enbloc South Bridge Road, Singapore 058706.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 4.2. 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 freehold. It occupies roughly 104 sqm of land with about 439 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$3,753 psf. The most recent was in April 2022.

11 businesses are currently registered at this address with ACRA.

The nearest MRT is Clarke Quay MRT, 212 m away (about a 3-minute walk). The closest bus stop (Boat Quay) is 44 m away (about a 1-minute walk). Clarke Quay Central is 252 m away (about a 4-minute walk).

What is Merchants Building zoned as?

Key takeawayMerchants Building sits on land zoned COMMERCIAL with a gross plot ratio of 4.2, with conservation status, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 4.2
Conservation area: Upper Circular Road
Urban design area: Udga
Central Area: Yes

BCA-verified envelope: allowable GFA 437 sqm · built 307 sqm · headroom 130 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 Merchants Building sold for?

Key takeaway1 transaction is on record since 1995, most recently in Apr 2022 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Apr 2022	Office	S$20.40M	5,436 sqft	$3,753

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 Merchants Building 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).

Market context around Merchants 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 Merchants Building

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 0 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.

How does Enbloc South Bridge Road price?

Strata sales on the street (5y)

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 Merchants 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 available at Merchants Building right now?

Key takeaway1 unit is currently listed at Merchants Building. One row per unit; several agents often market the same unit.

For rent (1)

Merchant's BuildingS$4k/mo · 807 sqft

Browse every listing at this building →

What is near Merchants Building?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 212 m away.

Getting around

Clarke Quay MRT212 m · ~3 min

Amenities nearby

Hotel · 17 mBoat Quay · 44 mCosmopolitan Clinic · 110 mHong Lim Pk · 112 mClarke Quay MRT Exit A · 197 mClarke Quay Central · 252 mHong Lim Market & Food Centre · 290 mPlace Of Worship · 292 mNTUC Fairprice Co-operative Ltd · 412 mEducational Institution · 785 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Merchants Building

Key takeawayThe nearest station is Clarke Quay (NE5), 197 m away — a moderately busy station, with about 31,000 taps in and out on an average weekday. 22 public car parks are within 500 m.

Foot traffic: busier than 58% of office buildings

nearest MRT/LRT Clarke Quay (NE5) 197 m, about 31,000 taps a weekday; 7 more stations within 1 km; bus stops within 400 m: 10, about 19,000 taps a weekday; Singapore River: 18,341 resident workers (Census 2020, by workplace); about 12,000 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)197 m · about 31,000 weekday taps
Chinatown (NE4 / DT19)399 m · about 97,000 weekday taps
Raffles Place (EW14 / NS26)459 m · about 133,000 weekday taps
Telok Ayer (DT18)476 m · about 37,000 weekday taps
Fort Canning (DT20)727 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 Merchants Building. Transfers between lines don't tap, so interchanges read low.

Bus

10 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (North Canal Rd - Circular Rd) (URA)60 m
Hong Kong St (URA)78 m
S$1.20 per half-hour at midday on a weekday · 32 car lots
Hong Lim Park Off St (URA)84 m
S$1.20 per half-hour at midday on a weekday · 23 car lots
Backlane (Hongkong St - Carpenter St) (URA)89 m
Lor Telok (URA)94 m
S$1.20 per half-hour at midday on a weekday · 21 car lots

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 999 m away, S$80/month.

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

Who's registered at Merchants Building?

Key takeaway8 live companies (and LLPs and branches; sole proprietors are not counted) list Merchants Building as their registered address. These are registered businesses, not who occupies the space.

Health and social services
4
Other services
2
Wholesale and retail trade
1
Education
1
Professional, scientific and technical services
0
Manufacturing
0
Accommodation and food services
0
Information and communications
0
Financial and insurance
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 Merchants Building's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 222 kWh/m²·yr

Frequently asked questions about Merchants Building

Where is Merchants Building?⌄

Merchants Building is at 76 Enbloc South Bridge Road, Singapore 058706, in the Singapore River planning area.

What is Merchants Building zoned as?⌄

Merchants Building sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Merchants Building?⌄

Merchants Building is freehold.

Is Merchants Building a conserved property?⌄

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

What have units at Merchants Building sold for?⌄

Across 1 recorded transaction, the median price is S$3,753 psf. The latest was in April 2022.

What is the nearest MRT station to Merchants Building?⌄

Clarke Quay MRT is the closest, 212 m away (about a 3-minute walk).

How many businesses are registered at Merchants Building?⌄

11 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.

For agents · in the PropKaki app

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

Ask what a unit here would fetch, what the zone allows, or how it compares.

Ask PropKaki Try on WhatsApp

PropKaki

Tell me about Merchants Building — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

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.

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