# Four-storey commercial building on South Bridge Road launched for sale at $38 mil

- **Source:** EdgeProp Singapore
- **Published:** 2026-07-15T02:00:00.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/four-storey-commercial-building-south-bridge-road-launched-sale-38-mil
- **Topics:** Commercial & Industrial, New Launches, Government & Policy

## Featured rationale

Approved F&B space and a pending hotel-use application could broaden repositioning options, potentially supporting investor interest in conserved CBD-fringe commercial assets.

## AI summary

The refurbished conservation building at 38 South Bridge Road launched for sale at $38 million, equivalent to $3,618 psf of gross floor area.

## Original article

A four-storey commercial building at 38 South Bridge Road has been launched for sale with a guide price of $38 million, or $3,618 psf on its gross floor area of approximately 10,503 sq ft. The property is available through an expression of interest exercise which will close at 3pm on Aug 19, said Knight Frank Singapore in a July 15 release.

The conservation building occupies a 2,624 sq ft site with an 11.5m-wide frontage. Recently refurbished, it features a communal roof terrace and is approved for F&B use on Levels 1 and 4. The property overlooks conserved shophouses on Circular Road and offers panoramic views of the city skyline, including Marina Bay Sands, adds Knight Frank.

The building has undergone voluntary conservation and a comprehensive asset enhancement initiative, with the Certificate of Statutory Completion obtained in June. Works included upgrading the building’s mechanical and electrical systems, a new lift, new washroom facilities on all four floors, and firefighting, mechanical ventilation and electrical infrastructure enhancements.

Read also: Fresh wave of conserved commercial buildings hits the market in Upper Circular Road after URA policy shift

“While located at the doorstep of Singapore’s CBD, the property enjoys a unique position along the city’s fringe, offering excellent connectivity to Clarke Quay, City Hall, Chinatown, Boat Quay and Raffles Place, while benefiting from immediate access to public parking adjacent to the building,” says Melvin Chay, senior director at Knight Frank Singapore.

The building's sale comes on the back of URA's revised planning approach for selected sites within the Upper Circular Road precinct, with accommodation-led uses such as hotels, serviced apartments and backpackers' hostels now allowed, subject to approvals from the relevant authorities.

According to Knight Frank, the seller has submitted an outline application for hotel use, which it says will enhance the property's long-term repositioning potential, subject to the necessary planning approvals.

## Chinese translation

> Translation model: grok

### 桥南路四层商业楼以3,800万新元指导价挂售

这栋新近整修的保护建筑总楼面面积约10,503平方英尺，一楼与四楼获准作餐饮用途。

位于桥南路38号的一栋四层商业楼已挂牌出售，指导价3,800万新元，按总楼面面积约10,503平方英尺计算约合每平方英尺3,618新元。莱坊新加坡（Knight Frank Singapore）在7月15日文告中表示，该物业通过意向书方式出售，将于8月19日下午3时截止。

这栋保护建筑占地2,624平方英尺，临街面宽11.5米。经新近整修，设有公共屋顶露台，一楼与四楼获准作餐饮（F&B）用途。莱坊补充，物业可俯瞰圆形路一带的保护店屋，并享有包括滨海湾金沙在内的城市天际线全景。

建筑已完成自愿保护与全面资产提升，法定竣工证书（CSC）于6月取得。工程包括升级机电系统、新电梯、四层全新卫生间，以及消防、机械通风与电力基础设施改善。

延伸阅读：市区重建局政策调整后，上圆形路一带保护商业建筑再掀挂牌潮

莱坊新加坡高级董事Melvin Chay表示：“物业虽紧邻新加坡中央商务区，却位于城市边缘独特位置，可便捷连接克拉码头、政府大厦、牛车水、驳船码头与莱佛士坊，并紧邻大楼旁公共停车场。”

此次出售背景是市区重建局对上圆形路片区选定地块的修订规划取态，酒店、服务式公寓与背包客旅舍等以住宿为主的用途现已允许，惟须获相关当局批准。

据莱坊，卖方已提交酒店用途大纲申请，称这将提升物业的长期重新定位潜力，惟须取得必要规划批准。