Part of Emerald Garden project analysis
Homejourney Editorial
This is the definitive guide to Kreta Ayer Conservation Area for sale in Singapore's prime District 01. Located on Smith Street in the heart of Chinatown, these freehold conservation shophouses offer rare investment opportunities blending heritage charm with modern yields. Homejourney verifies all listings to ensure transparency and safety for buyers like you.
Whether you're a first-time buyer, investor, or upgrader, explore available units, price trends, financing, and buying steps. Trust Homejourney for secure transactions and expert guidance in this vibrant area near Raffles Place and Marina.
Kreta Ayer Conservation Area is a cluster of freehold landed shophouses at 10 Smith Street, postcode 058924, in District 01's Outram neighbourhood.[1] These heritage buildings, protected under URA conservation guidelines, feature classic Peranakan architecture with vibrant facades, narrow shophouse designs, and upper residential floors.
Buyers love the blend of commercial ground floors and live-work spaces above, ideal for F&B businesses or boutique stays. As a freehold asset in D01, it holds strong value amid Singapore's tightening land supply. Homejourney prioritizes verified listings here, ensuring you avoid scams in this high-demand area.
Developer reputation stems from historical ownership, with recent receivership sales like five shophouses underscoring market interest.[7] Current market position: premium pricing due to scarcity, with sales from S$1.6M at S$1,218 psf.[1]
Locals know Smith Street's night vibe peaks post-7pm with hawker stalls – perfect for testing ground-floor viability. Visit via Chinatown MRT Exit A for a 2-minute walk.[1]
Units at Kreta Ayer Conservation Area typically include 2-4 storey shophouses (1,000-2,000 sqft), studios for ground-floor retail, and upper-floor 1-3BR residences. Most popular: 3-storey shophouses with commercial below and family living above.
Current price range: S$1.6M to S$12M (S$1,218-S$14,504 psf), based on recent URA data and transactions.[1][2][4] Rental hints at demand: S$4,500-S$7,500/month.[1]
| Unit Type | Size (sqft) | Price Range (S$) | PSF (S$) |
|---|---|---|---|
| 2-Storey Shophouse | 800-1,200 | 1.6M - 3M | 1,218 - 4,340 |
| 3-Storey Shophouse | 1,200-1,800 | 5M - 12M | 4,828 - 14,504 |
| Shop/Studio | 300-600 | 1M - 2.5M | 4,000 - 10,000 |
Browse available units on Homejourney: View all units for sale at Kreta Ayer Conservation Area. Limited stock – act fast in this heritage hotspot.
Key selling points: Freehold tenure ensures perpetual ownership; conservation status preserves value with URA grants for restoration. Lifestyle perks include Chinatown's 24/7 buzz – hawker centres, temples, and nightlife on your doorstep.
Unique features: High ceilings, ornate tiles, and rear airwells for natural ventilation – rare in new condos. Investment edge: Dual income from retail rents amid tourist surge.
2026 trends show PSF up 5-8% YoY, driven by D01 scarcity (URA data).[2] Historical: Recent 3-storey sale at S$12M (S$10,478 psf land).[4] Vs nearby: Higher than Telok Ayer shops but below Raffles Place offices.
Value assessment: Strong buy at S$4,000+ psf for yields; premium for S$10,000+ psf investors eyeing appreciation. See detailed price trends: Project Analysis on Homejourney.
| Metric | Kreta Ayer | Nearby D01 Avg |
|---|---|---|
| Avg PSF (2026) | S$4,828 - 14,504[1][2] | S$3,500 - 12,000 |
| Recent High | S$14,504 psf[2] | S$12,000 psf |
| Appreciation (5Y) | 25%+ | 20% |
Disclaimer: Prices fluctuate; consult Homejourney for latest verified data.
MRT: Chinatown (DT19/NE4), 2-min walk Exit A.[1] Telok Ayer (DT18) 5-min walk.[2] Schools: Dyslexia Association (Chinatown Point), nearby primaries like Cantonment (1km).
Amenities: Chinatown Point, Cross Street Exchange malls; grocers like FairPrice; hawker centres at Chinatown Complex. Parks: Kreta Ayer Square (200m).[5] D01 perks: Raffles Place finance hub, Marina Bay vibes.
For S$3M unit: 25% down (S$750K), loan S$2.25M at 3% (S$9,500/month, 25Y). CPF usable for landed; ABSD: 0% Singaporean first-timer, 17% foreigner.
Shophouse specifics: Commercial loans at 4-5%. Calculate affordability: Homejourney Mortgage Calculator. Link to Bank Rates for rates.
| Profile | Downpayment | Monthly (25Y) |
|---|---|---|
| First-Time SG | S$750K | S$9,500 |
| Investor | S$900K (+ABSD) | S$10,200 |
Documents: NRIC, income proof, CPF statements. Schedule viewing: Contact Agent on Homejourney. Post-purchase: Aircon Services for maintenance.
Rental yields: 3-4% (S$5K-7K/month on S$3M unit).[1] Capital growth: 5-7% annually, boosted by Circle Line Stage 6 (2025).[2] Tenant demand: High from F&B, tourists near Kreta Ayer Square.
Outlook: URA Master Plan enhances mixed-use; D01 premium persists. Compare to Projects Directory for data.
From S$1.6M (S$1,218 psf) to S$12M+.[1][4]
Yes, freehold landed shophouses.[1]
Chinatown MRT, 2-min walk.[1]
Yes, but 60% ABSD on second property; check with agent.
Use Homejourney-verified agents: Schedule now.
3-4% based on S$4.5K-7.5K rents.[1]
Ready to buy in Kreta Ayer Conservation Area? Start with Homejourney listings. Our platform ensures safe, transparent journeys – from search to keys. Contact us for personalized advice.
View price trends, transaction history, and nearby amenities for Emerald Garden.
