Kreta Ayer Conservation Area

Kreta Ayer Conservation Area is a leasehold (freehold, 999 yrs from 1875, 99 yrs from 1995, 200 yrs from 1872, 99 yrs from 1990, 999 yrs from 1875, 99 yrs from 1995, 200 yrs from 1872, n.a., 99 yrs from 1994, 99 yrs from 1991, 999 yrs from 1877, 99 yrs from 1998, 99 yrs from 1995) commercial property. The development occupies a land area of 195 sqm.

KRETA AYER CONSERVATION AREA is located along Smith Street in Outram, in District 1. It is accessible through the nearest MRTs including Chinatown DT19, NE4 and Telok Ayer DT18. Other nearby amenities include: 3 Grocerie(s): IROHA INTERNATIONAL PTE. LTD., NTUC FAIRPRICE CO-OPERATIVE LTD, SONG FISH DEALER PTE LTD, and 3 Shopping Mall(s): CHINA SQUARE CENTRAL, CHINA SQUARE CENTRAL - SOUTH BRIDGE COURT, CHINA SQUARE CENTRAL - CHINA COURT.

Based on transaction data in the last 12 months, the highest recorded transaction was S$ 14,504 psf in Mar 2024 for a 1,310 sqft unit for Shop House. Its lowest recorded transaction was S$ 12,472 psf in Aug 2023 for a 1,251 sqft unit for Shop House.

Buyers and tenants are attracted to District 1, which covers areas such as Cecil, Raffles Place, Marina, People’s Park and Boat Quay. District 1 is home to the largest financial hub in Singapore, spanning from Raffles Place to Marina Bay, an area built on reclaimed land. Dubbed the “Wall Street” of Singapore, Raffles Place and Marina Bay have the highest concentration of Grade A offices - highly sought-after by financial institutions and professional service firms. Apart from business activities, District 1 is also a popular destination for recreational activities and tourism. Situated right next to the Central Business District is Boat Quay positioned at the mouth of the Singapore River. Once the busiest quay in Singapore, Boat Quay has transformed into a popular hang-out place for food and drinks, featuring an eclectic mix of high-end restaurants, alfresco dining and bars. Comprised of high-end developments, houses in District 1 are highly popular amongst both local and foreign home-buyers.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.