CommercialCOMMERCIALConservation999-year leaseholdDistrict 1 · Outram

Telok Ayer Conservation Area

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2025
Quick Summary

Telok 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. 3 transactions are on record since 1995, most recently in Jan 2025. 4 units are currently listed for sale or rent. ACRA records 1 live company registration at this address.

1

What are the key facts about Telok Ayer Conservation Area?

Key takeawayTelok Ayer Conservation Area is a commercial building in District 1 · Outram, zoned COMMERCIAL, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Tenure
999-year leasehold
District / Area
District 1 · Outram
Address
176 Telok Ayer Street
Land area
—
Completed
Not on record
Storeys
3 (© OpenStreetMap contributors)
Submarket
City Fringe
Listed as
Shop / Shophouse, Food & Beverage
Transactions on record
3 (records start 1995)
Live listings
4
ACRA registrations
1
2

About Telok Ayer Conservation Area

Telok Ayer Conservation Area is a commercial conservation area in Outram (District 01). It is located along Telok Ayer Street, Singapore 068624.

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 801 years remaining on the lease.

3 transactions have been recorded here, at a median of S$5,611 psf. The most recent was in January 2025.

The nearest MRT is Telok Ayer MRT, 210 m away (about a 3-minute walk). The closest bus stop (Aft Telok Ayer St) is 199 m away (about a 3-minute walk).

3

What is Telok Ayer Conservation Area zoned as?

Key takeawayTelok Ayer Conservation Area sits on land zoned COMMERCIAL, with conservation status, inside the Central Area.
Land-use zone
COMMERCIAL
Gross plot ratio
Subject to Evaluation
Conservation area
Chinatown (Telok 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 Do not quote a plot ratio, and do not compute buildable GFA from it.

Run the full zoning report for this building →

4

What has Telok Ayer Conservation Area sold for?

Key takeaway3 transactions are on record since 1995, most recently in Jan 2025 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jan 2025Shop HouseS$14.80M1,185 sqft$12,488
Mar 2012Shop HouseS$6.65M1,185 sqft$5,611
Aug 2007Shop HouseS$3.73M1,185 sqft$3,147

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

5

What does space at Telok Ayer Conservation Area rent for?

Key takeawayNo rent is published for Telok Ayer Conservation Area itself. On its street, Telok Ayer Street, retail space rented at a median of $26.26 psf a month in 2024Q2. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Telok Ayer Street

Street level · 2024Q2
25th pct
—
— psm
Median
$26.26
$282.61 psm
75th pct
—
— psm

S$ per sq ft per month (median only published)

2022Q2 · $96.70 psm2024Q2 · $282.61 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).

Office space on Telok Ayer Street

Street level · 2026Q2
25th pct
$8.00
$86.12 psm
Median
$8.18
$88.04 psm
75th pct
$8.20
$88.27 psm

S$ per sq ft per month · median +4.9% on a year earlier

2022Q4 · $77.85 psm2026Q2 · $88.04 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 — 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).

6

Market context around Telok Ayer Conservation Area

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.

7

How fast units move at Telok Ayer Conservation Area

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 3 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 2 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, 0 new listings 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.

8

What's been approved at Telok Ayer Conservation Area?

Key takeawayURA has approved 4 changes of use at Telok 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.
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.

  1. 3 Sept 2026Renewed
    Continued use as restaurant

    Continued use at the 1st storey, 1st storey mezzanine , 2nd storey and 3rd storey unit of the 3-storey building ts03 on lot 98853k at 176 telok ayer street as restaurant (chinatown (telok ayer) conservation area)

  2. 30 May 2024Approved
    Change of use to restaurant

    Change of use at the 1st storey, 1st storey mezzanine , 2nd storey and 3rd storey unit of the 3-storey building ts03 on lot 98853k at 176 telok ayer street to restaurant (chinatown (telok ayer) conservation area)

  3. 21 Jan 2020Approved
    Change of use to restaurant

    Change of use at the 1st and 3rd storey units and roof mezzanine level of the 3-storey building ts03 on lot 98853k at 176 telok ayer street to restaurant (chinatown (telok ayer) conservation area)

  4. 21 Jan 2020Approved
    Change of use to shop

    Change of use at the 2nd storey unit of the 3-storey building ts03 on lot 98853k at 176 telok ayer street to shop (chinatown (telok ayer) conservation area)

  5. 8 Nov 2019Approved
    Change of use to restaurant

    Change of use at the 1st, 2nd, 3rd storey units and roof mezzanine level of the 3-storey building ts03 on lot 98853k at 176 telok ayer street to restaurant (chinatown (telok ayer) conservation area)

  6. 7 May 2009Approved
    Additions & alterations

    Proposed amendment to approved a&a to an existing 3-storey with attic conservation shophouse and change of use on 1st storey and 1st storey mezzanine from shop to office and use on 2nd, 3rd and attic as office

  7. 5 Nov 2008Approved
    Additions & alterations

    Proposed addition and alterations to an existing 3-storey with attic conservation shophouse and change of use on 1st storey and 1st storey mezzanine from shop to office and use on 2nd, 3rd and attic as office on lot 98853k ts03 at 176 telok ayer street (chinatown (telok ayer))

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).

9

What do commercial rents run near Telok 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

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band25th pctMedian75th 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.

10

What is available at Telok Ayer Conservation Area right now?

Key takeaway4 units are currently listed at Telok Ayer Conservation Area — 1 for sale and 3 for rent. One row per unit; several agents often market the same unit.

For sale (1)

  • Telok Ayer Boon Tat Full F&B Freehold ShophouseS$18.89M · 4,080 sqft

For rent (3)

  • Telok Ayer Conservation AreaS$7k/mo · 997 sqft
  • Telok Ayer Conservation AreaS$20k/mo · 1,816 sqft
  • Telok Ayer Conservation AreaS$11k/mo · 1,597 sqft

Browse every listing at this building →

11

What is near Telok Ayer Conservation Area?

Key takeawayThe nearest MRT/LRT is Telok Ayer MRT, about 210 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Place Of Worship · 26 mParkway Shenton Medical Group · 52 mTelok Ayer Green · 93 mTelok Ayer MRT Exit A · 184 mAft Telok Ayer St · 199 mHotel · 235 mKreta Ayer Community Club · 489 mEducational Institution · 917 mSingapore General Hospital · 1.3 km

Competing premises nearby

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

Amoy Street Food Centre · 197 mCross Street Exchange · 325 mHong Heng Seng · 443 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at Telok Ayer Conservation Area

Key takeawayThe nearest station is Telok Ayer (DT18), 184 m away — a moderately busy station, with about 37,000 taps in and out on an average weekday. 36 public car parks are within 500 m.
Foot traffic: busier than 85% of retail buildings

nearest MRT/LRT Telok Ayer (DT18) 184 m, about 37,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 8, about 18,000 taps a weekday; Outram: 38,402 resident workers (Census 2020, by workplace); about 18,000 residents within 1 km (June 2026); 7 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

  • Telok Ayer (DT18)184 m · about 37,000 weekday taps
  • Maxwell (TE18)278 m · about 23,000 weekday taps
  • Tanjong Pagar (EW15)324 m · about 85,000 weekday taps
  • Shenton Way (TE19)413 m · about 32,000 weekday taps
  • Raffles Place (EW14 / NS26)448 m · about 133,000 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 Telok Ayer Conservation Area. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 18,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Amoy St Off St (URA)26 m
    S$1.50 per half-hour at midday on a weekday · 16 car lots
  • Backlane (Amoy St) (URA)33 m
  • Amoy St (URA)59 m
    S$1.20 per half-hour at midday on a weekday · 81 car lots
  • Stanley St (URA)88 m
    S$1.20 per half-hour at midday on a weekday · 20 car lots
  • Backlane (Mccallum St) (URA)103 m

Nearest URA season parking: Blair Road-Everton Roa D Area, 1.3 km away, S$80/month.

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

13

Who's registered at Telok Ayer Conservation Area?

Key takeaway1 live company (and LLPs and branches; sole proprietors are not counted) list Telok Ayer Conservation Area as their registered address. These are registered businesses, not who occupies the space.
  • Accommodation and food services
    1
  • Wholesale and retail trade
    0
  • Information and communications
    0
  • Professional, scientific and technical services
    0
  • Administrative and support services
    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.

14

Frequently asked questions about Telok Ayer Conservation Area

Where is Telok Ayer Conservation Area?⌄

Telok Ayer Conservation Area is at 176 Telok Ayer Street, Singapore 068624, in the Outram planning area.

What is Telok Ayer Conservation Area zoned as?⌄

Telok Ayer Conservation Area sits on land zoned commercial under the URA Master Plan.

What is the tenure of Telok Ayer Conservation Area?⌄

Telok Ayer Conservation Area is 999-year leasehold. About 801 years remain on the lease.

Is Telok Ayer Conservation Area a conserved property?⌄

Yes. Telok Ayer Conservation Area falls within a URA conservation area, so external works are subject to conservation guidelines.

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

Across 3 recorded transactions, the median price is S$5,611 psf. The latest was in January 2025.

What is the nearest MRT station to Telok Ayer Conservation Area?⌄

Telok Ayer MRT is the closest, 210 m away (about a 3-minute walk).

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