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 in Boat Quay / Raffles Place / Marina. This project remains part of the local consideration set for buyers exploring options in this central location.

Popular preferences: Balcony, Gym, Corner Unit, Air-Conditioning, Tennis Court, Private Pool

Pricing by Unit Types:

• 2-Bedroom Units:
  • Avg Asking Price: S$ 644K
  • Avg PSF: S$ 934 psf (61.89% lower compared to Boat Quay / Raffles Place / Marina average of S$ 2,451 psf)
  • Available Units: 2

Key Takeaway: Market demand indicators point strongly towards the 2-Bedroom configurations as the primary focus for buyers at this location. With only 2 units currently available, the limited inventory represents a highly accessible entry point into a premium district. The property is positioned at a significant 61.89% discount relative to the broader area's average PSF, offering notable value for seekers. This pricing advantage combined with specific unit features suggests steady market support for the existing stock.

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 it incredibly easy to reach the CBD or the Orchard shopping belt in just a few stops. Sitting right in the heart of a vibrant heritage district, 538 Upper Cross Street offers a modern urban lifestyle where everything you need is just a short stroll away. It is a location that perfectly balances the buzz of the city with the convenience of having established food haunts and essential services right at your doorstep. Nearby hotspots: MRT Stations (5 within 1 km):

• CLARKE QUAY MRT STATION (455m, 5-6 mins) — Direct access to the North East Line for quick commutes to the city center and HarbourFront.
• TELOK AYER MRT STATION (658m, 7-8 mins) — Convenient link to the Downtown Line, perfect for professionals working in the nearby financial district.

Bus Stops (54 within 1 km):

• CHINATOWN STN EXIT E (217m, 2-3 mins) — Multiple bus services available for easy travel across the central region.
• HONG LIM PK (218m, 2-3 mins) — Well-connected stop providing frequent routes to various parts of the island.

Education & Early Learning:

• THE LITTLE SKOOL-HOUSE INTERNATIONAL PTE LTD (255m, 3-4 mins) — A reliable early childhood education option located very close to home for young families.
• KINDERLAND PRESCHOOL (373m, 4-5 mins) — Established preschool providing convenient childcare and early learning programs within walking distance.
• OUTRAM SECONDARY SCHOOL (1293m, 15-16 mins) — A nearby secondary institution serving the educational needs of the local community.

Healthcare & Wellness:

• MOBILEDOCTORCLINIC (205m, 2-3 mins) — Quick medical attention available nearby for general health consultations and primary care.
• FAMILY MEDICINE CLINIC CHINATOWN (347m, 4-5 mins) — Comprehensive family healthcare services located just a short walk away for peace of mind.
• KIM GINSENG CHINESE MEDICINE (365m, 4-5 mins) — Traditional wellness and herbal options available for those seeking alternative health treatments.

Shopping & Retail:

• FAIRPRICE (154m, 1-2 mins) — Your go-to spot for daily groceries and household essentials is practically next door.
• CHINATOWN POINT (162m, 1-2 mins) — A major shopping hub offering a wide variety of retail shops, services, and a public library.
• CROSS STREET EXCHANGE (440m, 5-6 mins) — Modern retail and lifestyle destination providing more choices for shopping and services.

Dining & Food:

• TAI WAH PORK NOODLE (25m, 1 min) — Famous local flavors are just steps away, perfect for a quick and delicious meal.
• OUTRAM PARK FRIED KWAY TEOW (32m, 1 min) — Enjoy one of the area's most popular hawker dishes without having to travel far.
• HONG LIM FOOD CENTRE (101m, 1-2 mins) — A food lover's paradise with a huge range of affordable and well-known local stalls.

Entertainment & Attractions:

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

Highly attractive for: Urban Professionals, Young Couples, Investors

Market & Rental Insights

538 Upper Cross Street demonstrates significant capital appreciation and high rental efficiency within its market segment.

• PSF Appreciation: S$713 → S$858 over recent years (+20.34%) from 2023 - 2025.
• Expected Rental Yield: At 6.62%, this project offers a strong return for investors.
• Transactions: 5 rental transactions in the last 6 months, indicating modest rental activity.
• PG Pulse Insight: With a substantial +20.34% PSF growth and a strong rental yield of 6.62%, 538 Upper Cross Street presents a high-yielding investment profile despite limited transaction volume.

Published date: August 2, 2026