CommercialFreeholdDistrict 11 · Novena

Goldhill Shopping Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Aug 1995
Quick Summary

Goldhill Shopping Centre is a commercial building in District 11 · Novena. It is freehold. 2 transactions are on record since 1995, most recently in Aug 1995. ACRA records 0 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, held freehold.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
—
Tenure
Freehold
District / Area
District 11 · Novena
Address
203b Thomson Road
Land area
—
Completed
Not on record
Storeys
Not on record
Transactions on record
2 (records start 1995)
Live listings
None
ACRA registrations
0
2

About Goldhill Shopping Centre

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

The site is freehold.

2 transactions have been recorded here, at a median of S$1,173 psf. The most recent was in August 1995.

3

What has Goldhill Shopping Centre sold for?

Key takeaway2 transactions are on record since 1995, most recently in Aug 1995 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 1995OfficeS$1.54M1,206 sqft$1,279
Apr 1995OfficeS$1.30M1,220 sqft$1,067

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. sqm ↔ sq ft converter

4

What does space at Goldhill Shopping Centre rent for?

Key takeawayNo rent is published for Goldhill Shopping Centre itself. On its street, Thomson Road, office space rented at a median of $8.45 psf a month in 2026Q3, with the middle half of leases between $7.95 and $8.72. That is not this building's own rent, and never a quote for a particular unit.

Office space on Thomson Road

Street level · 2026Q3
25th pct
$7.95
$85.56 psm
Median
$8.45
$90.93 psm
75th pct
$8.72
$93.90 psm

S$ per sq ft per month · median +0.6% on a year earlier

2023Q4 · $78.57 psm2026Q3 · $90.93 psm median

URA's percentiles of OFFICE rents across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. URA publishes a median only where the street has at least 2 office buildings and 3 contracts that quarter (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space on Thomson Road

Street level · 2026Q3
25th pct
$11.18
$120.38 psm
Median
$18.37
$197.77 psm
75th pct
$26.32
$283.28 psm

S$ per sq ft per month · median +6.1% on a year earlier

2023Q4 · $181.46 psm2026Q3 · $197.77 psm median

URA's percentiles of RETAIL rents (shop, F&B, entertainment, health & fitness) across every lease stamped with IRAS on this STREET in the quarter — the street's figure, not this building's rent and never a unit's. Retail rent swings with floor and frontage, so the spread matters as much as the median. A median needs at least 2 buildings and 3 contracts (percentiles need 4); a blank means below that threshold, not zero.

Source: URA rental statistics by street (IRAS-stamped contracts).

Retail space — District 11 retail

Region band · 2026Q3
25th pct
$12.48
$134.36 psm
Median
$16.43
$176.85 psm
75th pct
$17.64
$189.91 psm

S$ per sq ft per month

A REGION BAND — URA's grid for the whole district or location, not this street or building. Say "across <district/location>, …", never that this building rents for it. The middle of URA's retail grid for District 11 across every floor and size band — a ground-floor shop and an upper-floor unit sit at very different points in it.

Source: URA REALIS retail rental analysis (district × floor × size grid).

5

Market context around Goldhill Shopping Centre

Key takeawayBrokers' retail figures for Singapore as a whole — a broker's market figure, not this building's rent.
CBRE, 2Q 2026 (island-wide)
  • Islandwide: Rent S$28.15 psf/mth
Singapore Figures Q2 2026
Cushman & Wakefield, 2Q 2026 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m sq ft
Singapore Retail MarketBeat Q2 2026

Official series (URA, 2026Q3): Retail vacancy rate (Whole Island) 6.5 (-0.4 pp on the year) · Retail rental index (Central Region) 81.2 (+1.4% on the year).

Brokers draw submarkets and grades differently; each figure is the broker's own, for its own area, cited to its report. Rents are per square foot per month.

6

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.

7

What do commercial rents run near Goldhill Shopping Centre?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q3) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 11 retail

Gross yield (area)
4.6%
4.1% net of property tax
Rent side (median of bands)
$176.85 psm/mo
2026Q3
Price side (strata, 5y)
$4,327 psf
15 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, 2026Q3)

Floor level · size band25th pctMedian75th pct
Level 2 & 3 · 30 & Below$134.36$181.39$189.91
Level 1 · 30 & Below$96.71$98.15$108.07
Level 1 · >30 - 100$138.32$176.85$254.10

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.

8

How many companies are registered at Goldhill Shopping Centre?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

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 203B Thomson Road, in the Novena planning area.

What is the tenure of Goldhill Shopping Centre?⌄

Goldhill Shopping Centre is freehold.

What have units at Goldhill Shopping Centre sold for?⌄

Across 2 recorded transactions, the median price is S$1,173 psf. The latest was in August 1995.

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