CommercialDistrict 1 · Downtown Core

Telok Ayer Conservation Area

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

Telok Ayer Conservation Area is a commercial building in District 1 · Downtown Core. 1 transaction is on record since 1995, most recently in Feb 2001. ACRA records 0 live company registrations 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 · Downtown Core.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Not on record
District / Area
District 1 · Downtown Core
Address
283,283a South Bridge Road
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 Telok Ayer Conservation Area

Telok Ayer Conservation Area is a commercial conservation area in Downtown Core (District 01). It is located along South Bridge Road.

1 transaction has been recorded here, at a median of S$1,125 psf. The most recent was in February 2001.

3

What has Telok Ayer Conservation Area sold for?

Key takeaway1 transaction is on record since 1995, most recently in Feb 2001 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Feb 2001Shop HouseS$2.03M1,804 sqft$1,125

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 Telok Ayer Conservation Area rent for?

Key takeawayNo rent is published for Telok Ayer Conservation Area itself. On its street, South Bridge Road, retail space rented at a median of $4.73 psf a month in 2026Q3, with the middle half of leases between $4.20 and $4.99. That is not this building's own rent, and never a quote for a particular unit.

Retail space on South Bridge Road

Street level · 2026Q3
25th pct
$4.20
$45.22 psm
Median
$4.73
$50.92 psm
75th pct
$4.99
$53.72 psm

S$ per sq ft per month · median -27.6% on a year earlier

2023Q2 · $43.57 psm2026Q3 · $50.92 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 South Bridge Road

Street level · 2026Q3
25th pct
$4.36
$46.94 psm
Median
$4.99
$53.74 psm
75th pct
$8.75
$94.19 psm

S$ per sq ft per month · median +2.4% on a year earlier

2023Q4 · $46.43 psm2026Q3 · $53.74 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).

5

Market context around Telok 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 Telok Ayer Conservation Area?

Key takeawayURA has approved 3 changes of use at Telok Ayer Conservation Area since 2000, most recently in 2023. 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. 9 Jul 2024Renewed
    Continued use as restaurant

    Continued use at the 1st & 2nd storey units of the 2-storey building ts03 on lot 99319x at 283 south bridge road to restaurant (chinatown (telok ayer) conservation area)

  2. 1 Jun 2023Approved
    Change of use to restaurant

    Change of use at the 1st & 2nd storey units of the 2-storey building ts03 on lot 99319x at 283 south bridge road to restaurant (chinatown (telok ayer) conservation area)

  3. 9 May 2023Renewed
    Continued use as cafe

    Continued use at the 1st & 2nd storey units of the 2-storey building ts03 on lot 99319x at 283 south bridge road as cafe (chinatown (telok ayer) conservation area)

  4. 3 Feb 2022Approved
    Change of use to cafe

    Change of use at the 1st & 2nd storey units of the 2-storey building ts03 on lot 99319x at 283 south bridge road to cafe (chinatown (telok ayer) conservation area)

  5. 20 May 2021Approved
    Additions & alterations

    Proposed additions & alterations to the existing 2-storey conserved shophouse involving addition of door along gable end wall on lot 99319x ts03 at 283 south bridge road (chinatown (telok ayer) conservation area)

  6. 21 Apr 2021Renewed
    Change of use

    Proposed restaurant at the 1st storey unit of the 2-storey building ts03 on lot 99319x at 283 south bridge road (chinatown (telok ayer) conservation area)

  7. 22 Apr 2020Approved
    Change of use to restaurant

    Change of use at the 1st storey, 2nd storey & roof mezzanine units of the 2-storey building ts03 on lot 99319x at 283 south bridge road to restaurant (chinatown (telok ayer) conservation area)

  8. 23 Jul 2019Renewed
    Continued use as massage establishment

    Continued use at the 1st storey, 2nd storey & roof mezzanine of the 2-storey building ts03 on lot 99319x at 283 south bridge road as massage establishment (chinatown (telok ayer) conservation area)

  9. 24 Jul 2018Renewed
    Continued use as massage establishment

    Continued use at the 1st storey, 2nd storey & roof mezzanine of the 2-storey building ts03 on lot 99319x at 283 south bridge road as massage establishment (chinatown (telok ayer) conservation area)

  10. 7 Aug 2017Renewed
    Continued use as massage establishment

    Continued use at the 1st storey, 2nd storey & roof mezzanine of the 2-storey building ts03 on lot 99319x at 283 south bridge road as massage establishment (chinatown (telok ayer) conservation area)

  11. 13 Jul 2016Renewed
    Continued use as health centre

    Continued use at the 1st storey, 2nd storey & roof mezzanine of the 2-storey building ts03 on lot 99319x at 283 south bridge road as health centre (chinatown (telok ayer) conservation area)

  12. 9 Jul 2015Renewed
    Continued use as health centre

    Continued use at the 1st storey, 2nd storey & roof mezzanine of the 2-storey building ts03 on lot 99319x at 283 south bridge road as health centre (chinatown (telok ayer) conservation area)

5 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).

7

How does South Bridge Road price?

Strata sales on the street (5y)
7

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.

8

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

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.

9

How many companies are registered at Telok Ayer Conservation Area?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

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.

10

Frequently asked questions about Telok Ayer Conservation Area

Where is Telok Ayer Conservation Area?⌄

Telok Ayer Conservation Area is at 283,283A South Bridge Road, in the Downtown Core planning area.

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

Across 1 recorded transaction, the median price is S$1,125 psf. The latest was in February 2001.

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