538 Upper Cross Street - 2 Units for Sale

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538 Upper Cross Street – PropertyGuru Market Pulse Insights

Area-level search behaviour shows the development remaining relevant within current property browsing activity, drawing on 30 days of PropertyGuru search activity. Within the Boat Quay / Raffles Place / Marina market, this project continues to surface in the consideration set of active buyers looking for centrally located housing options.

Popular preferences: Gym, Tennis Court

Pricing by Unit Types:

• 2-Bedroom Units:
  • Avg Asking Price: S$ 644K
  • Avg PSF: S$ 934 psf (62.01% lower compared to Boat Quay / Raffles Place / Marina average of S$ 2,459 psf)
  • Available Units: 2

Key Takeaway: Market demand indicators point strongly towards the 2-Bedroom configurations as the primary focus for buyers in this development. With only 2 units currently available, the limited inventory suggests a highly concentrated supply that may appeal to those seeking entry-level pricing in a premium district. The property represents a significant value proposition, with its average PSF sitting 62.01% lower than the broader Boat Quay / Raffles Place / Marina average. This substantial price gap likely supports steady interest from buyer seekers prioritizing affordability within a high-cost central location.

Location & Lifestyle Highlights — 538 Upper Cross Street 300m (4 mins) to CHINATOWN MRT STATION — This major interchange connects you to the North East and Downtown Lines, making your daily commute across the city incredibly efficient. Located right in the heart of a vibrant heritage district, 538 Upper Cross Street offers a modern living experience where traditional charm meets the fast-paced energy of the city. It is a perfect spot for those who want to be steps away from the Central Business District while enjoying some of the best local food and culture Singapore has to offer. Nearby hotspots: MRT Stations (5 within 1 km):

• CLARKE QUAY MRT STATION (468m, 5-6 mins) — Just a short walk away for easy access to the North East Line and the riverside lifestyle.
• TELOK AYER MRT STATION (658m, 7-8 mins) — A handy connection to the Downtown Line for those working in the nearby financial district.

Bus Stops (51 within 1 km):

• CHINATOWN STN EXIT E (217m, 2-3 mins) — Convenient boarding point for numerous bus services heading towards the city and beyond.
• HONG LIM PK (218m, 2-3 mins) — Quick access to local bus routes that make getting around the neighbourhood a breeze.

Education & Early Learning:

• THE LITTLE SKOOL-HOUSE INTERNATIONAL PTE LTD (255m, 3-4 mins) — A reputable early childhood center located very close by for working parents.
• KINDERLAND PRESCHOOL (373m, 4-5 mins) — Quality preschool education within walking distance, providing great convenience for young families.
• OUTRAM SECONDARY SCHOOL (1293m, 15-16 mins) — A well-established secondary school serving the local community in the nearby area.

Healthcare & Wellness:

• MOBILEDOCTORCLINIC (205m, 2-3 mins) — Nearby medical services available for quick consultations and primary healthcare needs.
• FAMILY MEDICINE CLINIC CHINATOWN (347m, 4-5 mins) — Comprehensive family medical care located just a few minutes away on foot.
• KIM GINSENG CHINESE MEDICINE (365m, 4-5 mins) — Traditional wellness options nearby for those who prefer holistic health treatments.

Shopping & Retail:

• FAIRPRICE (154m, 1-2 mins) — Your go-to spot for daily groceries and household essentials is practically at your doorstep.
• CHINATOWN POINT (162m, 1-2 mins) — A major shopping hub offering a wide variety of retail shops, services, and a public library.
• COLD STORAGE - CHINA SQUARE CENTRAL (321m, 3-4 mins) — Premium supermarket option nearby for a wider range of international and fresh produce.

Dining & Food:

• TAI WAH PORK NOODLE (25m, 1 min) — Famous local delights are just seconds away, perfect for a quick and delicious meal.
• JI JI NOODLE HOUSE (31m, 1 min) — Well-loved local eatery right around the corner for your daily noodle fix.
• HONG LIM FOOD CENTRE (101m, 1-2 mins) — A food haven housing many legendary hawker stalls for an authentic taste of Singapore.

Entertainment & Attractions:

• RAFFLES PLACE (928m, 11-12 mins) — Easy access to the heart of the financial district and its surrounding lifestyle and riverfront attractions.

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

Market & Rental Insights

538 Upper Cross Street demonstrates significant capital growth potential and strong income generation capabilities within its market segment.

• PSF Appreciation:S$713 psf → S$945 psf over recent years (+32.54%) from 2023 - 2026
• Expected Rental Yield: At 6.49%, this represents a strong return for property investors.
• Transactions:2 rental transactions in the last 6 months and 1 sale transaction in the last 12 months, indicating modest rental and sale activity.
• PG Pulse Insight: With a substantial PSF appreciation of +32.54% and a strong rental yield of 6.49%, 538 Upper Cross Street presents a high-yielding investment profile despite modest transaction volumes.

Published date: November 4, 2026