32 New Market Road - 1 Units for Sale

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32 New Market Road – PropertyGuru Market Pulse Insights

Recent local search data shows the development preserving market visibility among active seekers, drawing on 30 days of PropertyGuru search activity in Boat Quay / Raffles Place / Marina. The property continues to feature in the browsing patterns of buyers exploring this central location, maintaining a steady presence in the current market landscape.

Pricing by Unit Types:

• 1-Bedroom Units:
  • Avg Asking Price: S$ 450K
  • Avg PSF: S$ 664 psf (70.9% lower compared to Boat Quay / Raffles Place / Marina average of S$ 2,281 psf)
  • Available Units: 1

Key Takeaway: Market demand indicators point strongly towards the 1-Bedroom configurations as the primary focus for those seeking entry-level pricing in this prime district. With only a single unit currently listed, the inventory profile is exceptionally tight, which may lead to competitive interest despite the limited volume. The property is positioned at a significant 70.9% discount on a per-square-foot basis compared to the broader Boat Quay / Raffles Place / Marina average. This pricing gap suggests a selective market support for buyers prioritizing central accessibility over newer luxury developments.

Location & Lifestyle Highlights — 32 New Market Road 220m (3 mins) to CHINATOWN MRT STATION — This major interchange connects you to both the North East and Downtown Lines, making your daily commute across the city incredibly fast and simple. 32 New Market Road puts you right in the heart of a vibrant heritage district where modern efficiency meets traditional charm. Living here means having everything from famous local food to essential transport links literally at your doorstep. Nearby hotspots: MRT Stations (5 within 1 km):

• CLARKE QUAY MRT STATION (698m, 8-9 mins) — Easy access to the riverside dining belt and North East Line for quick trips to the city center.
• OUTRAM PARK MRT STATION (766m, 9-10 mins) — A vital triple-line interchange connecting the East-West, North East, and Thomson-East Coast Lines.

Bus Stops (51 within 1 km):

• OPPOSITE STATE COURT (117m, 1-2 mins) — Convenient bus services right around the corner for quick travel to surrounding districts.
• CHINATOWN STN EXIT E (291m, 3-4 mins) — Multiple bus routes available to help you navigate the downtown area with ease.

Education & Early Learning:

• CAMFORD INTERNATIONAL COLLEGE (75m, 1 min) — A very short walk to private educational facilities right in the neighborhood.
• MY FIRST SKOOL (495m, 5-6 mins) — Reliable early childhood education nearby, making it handy for parents with young children.
• OUTRAM SECONDARY SCHOOL (931m, 11-12 mins) — A reputable local secondary school within walking distance for older students.

Healthcare & Wellness:

• FAMILY MEDICINE CLINIC CHINATOWN (323m, 3-4 mins) — Professional medical services nearby for all your family's health needs.
• PEACE FAMILY TCM CLINIC (410m, 4-5 mins) — Traditional Chinese Medicine options available close by for holistic wellness.

Shopping & Retail:

• PEOPLE'S PARK COMPLEX (62m, 1 min) — An iconic landmark for affordable shopping and essential services just steps away.
• SHENG SIONG (261m, 3-4 mins) — A well-stocked supermarket nearby for all your fresh groceries and daily household supplies.
• CHINATOWN POINT (369m, 4-5 mins) — Modern mall featuring a wide range of retail brands, a library, and lifestyle shops.

Dining & Food:

• CHINATOWN COMPLEX FOODCOURT (61m, 1 min) — Home to a massive variety of famous local hawker delights and affordable meals.
• S11 (52m, 1 min) — A quick and convenient spot for casual dining right next to your home.
• MCDONALDS (221m, 2-3 mins) — Familiar fast food options available just a short stroll away for a quick bite.

Entertainment & Attractions:

• RAFFLES PLACE (1321m, 15-16 mins) — Proximity to the central business district offers plenty of high-end dining and urban sights.

Highly attractive for: Young Urban Professionals, Savvy Investors, Young Couples

Market & Rental Insights

32 New Market Road presents a stable market profile characterized by consistent pricing and high rental returns.

• PSF Appreciation:S$643 → S$643 over recent years (0%) from 2023 - 2026.
• Expected Rental Yield: At 8.12%, this reflects a strong return for investors.
• Transactions:7 rental transactions in the last 6 months and 1 sale transaction in the last 12 months, indicating modest rental and limited sale activity.
• PG Pulse Insight: The project maintains a stable price point with a strong rental yield, supported by modest rental transaction volume.

Published date: October 16, 2026