CommercialCOMMERCIAL999-year leaseholdDistrict 11 · Novena

Goldhill Shopping Centre

Reviewed by Nathan TangUpdated 10 August 2026Data through Nov 2020
Quick Summary

Goldhill Shopping Centre is a commercial building in District 11 · Novena, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 3.0. It is 999-year leasehold. 3 transactions are on record since 1995, most recently in Nov 2020. ACRA records 7 live company registrations at this address.

1

What are the key facts about Goldhill Shopping Centre?

Key takeawayGoldhill Shopping Centre is a commercial building in District 11 · Novena, zoned COMMERCIAL, held 999-year leasehold.
Asset class
Commercial
Land-use zone
COMMERCIAL
Gross plot ratio
3.0
Tenure
999-year leasehold
District / Area
District 11 · Novena
Address
161 Thomson Road
Land area
5,799 sqm
Transactions on record
3 (records start 1995)
Live listings
None
ACRA registrations
7
2

About Goldhill Shopping Centre

Goldhill Shopping Centre is a commercial estate in Novena (District 11). It is located along Thomson Road, Singapore 307614.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 3.

The site is 999-year leasehold, with about 943 years remaining on the lease. It occupies roughly 5,799 sqm of land with about 17,397 sqm of gross floor area.

3 transactions have been recorded here, at a median of S$4,599 psf. The most recent was in November 2020.

7 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 269 m away (about a 4-minute walk). The closest bus stop (United Sq/Bef Novena Stn) is 100 m away (about a 2-minute walk).

3

What is Goldhill Shopping Centre zoned as?

Key takeawayGoldhill Shopping Centre sits on land zoned COMMERCIAL with a gross plot ratio of 3.0.
Land-use zone
COMMERCIAL
Gross plot ratio
3.0

Run the full zoning report for this building →

4

What has Goldhill Shopping Centre sold for?

Key takeaway3 transactions are on record since 1995, most recently in Nov 2020 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Nov 2020RetailS$5.32M1,087 sqft$4,893
Dec 2014RetailS$5.00M1,087 sqft$4,599
Sept 2011RetailS$2.30M1,087 sqft$2,116

URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.

5

How does Thomson Road price?

Strata sales on the street (5y)
9

Too few strata sales on this street to support a median — the count is shown without one.

Street figures cover strata deals only — land and strata PSF are not comparable.

6

What do commercial rents run near Goldhill Shopping Centre?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 11 retail

Gross yield (area)
4.7%
4.2% net of property tax
Rent side (median of bands)
$181.99 psm/mo
2026Q2
Price side (strata, 5y)
$4,308 psf
16 sales

An INDICATIVE AREA yield for District 11 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.

Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.

Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.

Retail rents — District 11 ($ psm/month, 2026Q2)

Floor level · size band25th pctMedian75th pct
B1 & Below · 30 & Below$209.50$233.33$255.44
Level 2 & 3 · 30 & Below$203.49$216.36$290.21
Level 4 & Above · >30 - 100$71.01$88.21$93.52
Level 2 & 3 · >30 - 100$226.95$269.50$279.52
Level 1 · >30 - 100$127.05$257.53$297.99
Level 2 & 3 · >100 - 300$128.21$147.61$168.11
Level 1 · >100 - 300$93.30$123.56$133.45
B1 & Below · >300$74.32$85.03$88.43

URA REALIS rental-contract percentiles for the district/location — an area benchmark, not this building's own rents. Office and retail are dimensioned differently and are never mixed.

7

What is near Goldhill Shopping Centre?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 269 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Physicians Practice Family Medical Center · 79 mUnited Sq/Bef Novena Stn · 100 mEducational Institution · 185 mThomson Rd Pg · 197 mHotel · 206 mNovena MRT Exit B · 210 mPlace Of Worship · 270 mMount Elizabeth Novena Hospital · 461 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

United Square · 93 mCold Storage Singapore (1983) Pte Ltd · 93 mPek Kio Market & Food Centre · 764 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Goldhill Shopping Centre?

Key takeawayACRA records 7 live company registrations at this address, 2 of them in the last three years.
Live registrations
7
Registered last 3 years
2
Most common type
Local Company

Company REGISTRATIONS at this address (ACRA), not a tenancy schedule. Registration does not mean the company physically occupies space here, and a low count does not mean the building is empty. Do not describe this as occupancy or vacancy.

9

Frequently asked questions about Goldhill Shopping Centre

Where is Goldhill Shopping Centre?

Goldhill Shopping Centre is at 161 Thomson Road, Singapore 307614, in the Novena planning area.

What is Goldhill Shopping Centre zoned as?

Goldhill Shopping Centre sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Goldhill Shopping Centre?

Goldhill Shopping Centre is 999-year leasehold. About 943 years remain on the lease.

What have units at Goldhill Shopping Centre sold for?

Across 3 recorded transactions, the median price is S$4,599 psf. The latest was in November 2020.

What is the nearest MRT station to Goldhill Shopping Centre?

Novena MRT is the closest, 269 m away (about a 4-minute walk).

How many businesses are registered at Goldhill Shopping Centre?

7 businesses are currently registered at this address with ACRA. That is a measure of registered addresses, not of how many businesses physically occupy the building.

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