CommercialCOMMERCIALConservationLeaseholdDistrict 1 · Singapore River

Telok Ayer Conservation Area

Reviewed by Nathan TangUpdated 10 August 2026Data through Dec 2022
Quick Summary

Telok Ayer Conservation Area 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 leasehold with roughly 24 years remaining. 1 transaction is on record since 1995, most recently in Dec 2022. 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 · Singapore River, zoned COMMERCIAL, held leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
4.2
Tenure
Leasehold
District / Area
District 1 · Singapore River
Address
54 South Bridge Road
Land area
226 sqm
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 Singapore River (District 01). It is located along South Bridge Road, Singapore 058685.

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 leasehold, with about 24 years remaining on the lease. It occupies roughly 226 sqm of land.

1 transaction has been recorded here, at a median of S$5,641 psf. The most recent was in December 2022.

The nearest MRT is Clarke Quay MRT, 201 m away (about a 3-minute walk). The closest bus stop (Boat Quay) is 57 m away (about a 1-minute walk). Clarke Quay Central is 226 m away (about a 4-minute walk).

3

What is Telok Ayer Conservation Area zoned as?

Key takeawayTelok Ayer Conservation Area 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
Conserved building
Yes
Urban design area
Udga
Central Area
Yes

Run the full zoning report for this building →

4

What has Telok Ayer Conservation Area sold for?

Key takeaway1 transaction is on record since 1995, most recently in Dec 2022 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Dec 2022OfficeS$8.55M1,516 sqft$5,641

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.

5

How does South Bridge Road price?

Strata sales on the street (5y)
8

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.

6

What do commercial rents run near Telok Ayer Conservation Area?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 1 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$128.98 psm/mo
2026Q2
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, 2026Q2)

Floor level · size band25th pctMedian75th 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 band25th pctMedian75th 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.

7

What is near Telok Ayer Conservation Area?

Key takeawayThe nearest MRT/LRT is Clarke Quay MRT, about 201 m away.

Getting around

Amenities nearby

Hotel · 3 mBoat Quay · 57 mCosmopolitan Clinic · 134 mHong Lim Pk · 193 mClarke Quay MRT Exit E · 200 mClarke Quay Central · 226 mPlace Of Worship · 342 mHong Lim Market & Food Centre · 370 mCold Storage Singapore (1983) Pte Ltd · 430 mEducational Institution · 709 m

Straight-line distances. Source: PropKaki amenities data.

8

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.

9

Frequently asked questions about Telok Ayer Conservation Area

Where is Telok Ayer Conservation Area?

Telok Ayer Conservation Area is at 54 South Bridge Road, Singapore 058685, in the Singapore River planning area.

What is Telok Ayer Conservation Area zoned as?

Telok Ayer Conservation Area sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 4.2.

What is the tenure of Telok Ayer Conservation Area?

Telok Ayer Conservation Area is leasehold. About 24 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 1 recorded transaction, the median price is S$5,641 psf. The latest was in December 2022.

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

Clarke Quay MRT is the closest, 201 m away (about a 3-minute walk).

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