CommercialCOMMERCIALLeaseholdDistrict 1 · Downtown Core

Gsh Plaza

Reviewed by Nathan TangUpdated 8 November 2026

Quick Summary

Gsh Plaza is a commercial building in District 1 · Downtown Core, on land zoned COMMERCIAL under the URA Master Plan with a gross plot ratio of 15.0. It is leasehold with roughly 62 years remaining. ACRA records 1,090 live company registrations at this address.

The facts are here — now get the verdict on Gsh Plaza.

Ask PropKaki

What are the key facts about Gsh Plaza?

Key takeawayGsh Plaza is a commercial building in District 1 · Downtown Core, zoned COMMERCIAL, held leasehold.

Asset class: Commercial
Land-use zone: COMMERCIAL
Gross plot ratio: 15.0
Tenure: Leasehold
District / Area: District 1 · Downtown Core
Address: —
Land area: 2,177 sqm
Completed: Not on record
Storeys: 28 (© OpenStreetMap contributors)
Submarket: Raffles Place
Transactions on record: None recorded
Live listings: None
ACRA registrations: 1,090

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

What are the specs at Gsh Plaza?

Key takeawayThe building's specs as its sources state them. A developer's brochure gives the building as designed at launch — a unit may have been altered since, so the listing agent or the management can confirm a unit's own.

Floor loading: 5 kN/m²; Restaurant Unit/Shop (1st and 2nd Storey) 5; Office Unit (3rd to 28th Storey) 4; Source: the developer's sales brochure

Specs from the developer's sales brochure are the building as designed at launch; units may have been altered since.

Are there floor plans for Gsh Plaza?

Key takeawayWe hold the developer's sales-brochure floor plans for Gsh Plaza — 5 plans. Ask PropKaki for the plan of a unit or a size. As designed at launch; units may have been altered.

Plans we hold

1ST STOREY
5TH - 15TH STOREY (11 FLOORS)
18th storey
19TH - 25TH STOREY (7 FLOORS)
26TH STOREY

Source: developer's sales brochure.

About Gsh Plaza

Gsh Plaza is a commercial building in Downtown Core (District 01). It is located along Cecil Street, Singapore 049705.

Under the URA Master Plan it sits on land zoned commercial with a gross plot ratio of 15. It lies inside the Central Area.

The site is leasehold, with about 62 years remaining on the lease. It occupies roughly 2,177 sqm of land with about 33,124 sqm of gross floor area.

1,126 businesses are currently registered at this address with ACRA.

The nearest MRT is Raffles Place MRT, 157 m away (about a 2-minute walk). The closest bus stop (Prudential Twr) is 82 m away (about a 1-minute walk). Republic Plaza is 42 m away (about a 1-minute walk).

What is Gsh Plaza zoned as?

Key takeawayGsh Plaza sits on land zoned COMMERCIAL with a gross plot ratio of 15.0, inside the Central Area.

Land-use zone: COMMERCIAL
Gross plot ratio: 15.0
Urban design area: Udga
Central Area: Yes

Run the full zoning report for this building →

What does space at Gsh Plaza rent for?

Key takeawayNo rent is published for Gsh Plaza itself. On its street, Cecil Street, office space rented at a median of $6.56 psf a month in 2026Q3, with the middle half of leases between $6.06 and $7.28. That is not this building's own rent, and never a quote for a particular unit.

Office space on Cecil Street

Street level · 2026Q3

25th pct

$6.06

$65.25 psm

Median

$6.56

$70.62 psm

75th pct

$7.28

$78.32 psm

S$ per sq ft per month · median -0.4% on a year earlier

2023Q4 · $63.69 psm2026Q3 · $70.62 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 Cecil Street

Street level · 2026Q3

25th pct

$6.05

$65.10 psm

Median

$7.12

$76.63 psm

75th pct

$11.98

$128.92 psm

S$ per sq ft per month · median -37.8% on a year earlier

2023Q1 · $209.46 psm2026Q3 · $76.63 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 1 retail

Region band · 2026Q3

25th pct

$8.23

$88.64 psm

Median

$10.02

$107.81 psm

75th pct

$15.92

$171.42 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 1 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).

Market context around Gsh Plaza

Key takeawayBrokers' retail figures for this part of Singapore — 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

Other City Areas: Rent S$21.21 psf/mth · Vacancy 7.4% (1Q 2026) · Planned / under construction 0.73m 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.

What's been approved at Gsh Plaza?

Key takeawayURA has approved 31 changes of use at Gsh Plaza since 2000, most recently in 2025. This is the building's planning history, not today's approved use of any unit: confirm a unit's approved use with URA before signing.

2 Sept 2025ApprovedFloor 21
Change of use: office → medical clinic
Proposed change of use of units #21-XX, #21-XX, #21-XX, #21-XX, #21-XX, #21-XX, #21-XX, #21-XX, #21-XX and #21-XX from office to medical clinic at plus
17 Jun 2025ApprovedFloor 25
Change of use: office → medical clinic
Proposed change of use of units #25-XX, #25-XX, #25-XX, #25-XX, #25-XX, #25-XX, #25-XX, #25-XX, #25-XX and #25-XX from office to medical clinic at plus
26 Sept 2024Agency works
Change of use to office
Lodgment for proposed part of the 16th and 25th storey as office
25 Jul 2024ApprovedFloor 1
Change of use to restaurant
Proposed change of use of #01-XX to restaurant at plus
19 Apr 2024ApprovedFloor 1
Change of use: restaurant → shop
Proposed change of use of unit #1-XX from restaurant to shop at plus
6 Feb 2024ApprovedFloor 1
Change of use to shop
Proposed change of use of shop unit #01-XX to shop (takeaway foodshop) at plus
27 Oct 2023Agency worksFloor 5
Change of use to gym/fitness centrre
Lodgment for proposed use of unit #05-XX as gym/fitness centrre
27 Sept 2023ApprovedFloor 2
Change of use to restaurant
Proposed change of use of unit #02-XX to restaurant at plus
8 Aug 2023ApprovedFloor 7
Change of use to fitness centre
Proposed change of use of office unit #07-XX to fitness centre (pilates studio) at plus
16 Jan 2023ApprovedFloor 2
Change of use to shop
Proposed change of use of restaurant unit #02-XX to shop (beauty salon) at plus
2 Dec 2022Agency worksFloor 1
Change of use to shop
Lodgment for proposed use of unit #01-XX as shop
28 Jul 2022ApprovedFloor 9
Change of use to medical clinic
Proposed change of use of unit #09-XX to medical clinic at plus

27 earlier change-of-use and A&A decisions are on record since 2000.

Source: URA planning decisions (URA Data Service), matched to this building by address or land lot. A past approval can lapse (a temporary permission) and belongs to the unit it names. The authoritative approved use of a unit comes from URA's Enquiry on Approved Use of Premises (S$54.50 per unit).

How does Cecil Street price?

Key takeawayAcross 117 strata sales on Cecil Street in the last 5 years, the median is $3,881 psf.

Strata sales on the street (5y)

117

Street median PSF (strata)

$3,881

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

What do commercial rents run near Gsh Plaza?

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

Indicative area yield — District 1 retail

Gross yield (area)

3.4%

3.0% net of property tax

Rent side (median of bands)

$107.81 psm/mo

2026Q3

Price side (strata, 5y)

$3,561 psf

90 sales

An INDICATIVE AREA yield for District 1 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 1 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$82.69	$99.35	$120.39
Level 1 · 30 & Below	$172.73	$245.52	$332.57
B1 & Below · 30 & Below	$87.33	$172.91	$321.72
Level 2 & 3 · >30 - 100	$77.43	$95.09	$183.52
Level 1 · >30 - 100	$106.77	$168.33	$217.05
B1 & Below · >30 - 100	$117.40	$198.29	$365.38
Level 1 · >100 - 300	$115.69	$148.57	$187.43
B1 & Below · >100 - 300	$148.73	$233.33	$396.56

Office rents — Central Area ($ psm/month, 2026Q3)

Building class · size band	25th pct	Median	75th pct
Category 2 · 100 & Below	$54.65	$69.39	$88.80
Category 1 · 100 & Below	$103.62	$122.24	$132.43
Category 1 · >100 - 200	$116.28	$126.99	$148.35
Category 2 · >100 - 200	$65.57	$82.87	$97.63
Category 1 · >200 - 500	$114.67	$128.09	$145.77
Category 2 · >200 - 500	$64.83	$82.57	$94.73
Category 1 · >500 - 1000	$106.56	$137.78	$148.23
Category 2 · >500 - 1000	$85.04	$89.34	$109.80

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.

What is near Gsh Plaza?

Key takeawayThe nearest MRT/LRT is Raffles Place MRT, about 157 m away.

Getting around

Raffles Place MRT157 m · ~3 min

Amenities nearby

DTAP @ Siglap · 16 mRepublic Plaza · 42 mMarket Street Park · 44 mPrudential Twr · 83 mRaffles Place MRT Exit F · 84 mHotel · 97 mMarket Street Hawker Centre · 101 mPlace Of Worship · 163 mAl Marche Pte Ltd · 357 mKreta Ayer Community Club · 855 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Gsh Plaza

Key takeawayThe nearest station is Raffles Place (EW14 / NS26), 84 m away — one of the busiest stations, with about 133,000 taps in and out on an average weekday. 19 public car parks are within 500 m.

Foot traffic: busier than 85% of retail buildings

nearest MRT/LRT Raffles Place (EW14/NS26) 84 m, about 133,000 taps a weekday; 11 more stations within 1 km; bus stops within 400 m: 8, about 17,000 taps a weekday; Downtown Core: 284,004 resident workers (Census 2020, by workplace); about 11,000 residents within 1 km (June 2026); 7 other malls within 1 km. Ranked against 12,856 retail buildings by PropKaki's model: a relative score, not a footfall count.

A relative score from PropKaki's model (station and bus taps nearby, workers and residents around, and competing malls), not a count of people.

Stations within 1 km

Raffles Place (EW14 / NS26)84 m · about 133,000 weekday taps
Telok Ayer (DT18)201 m · about 37,000 weekday taps
Downtown (DT17)429 m · about 51,000 weekday taps
Chinatown (NE4 / DT19)572 m · about 97,000 weekday taps
Shenton Way (TE19)581 m · about 32,000 weekday taps

Taps are fare-card taps in and out at the station's gates on an average weekday (Jul 2026 to Sep 2026) — people passing through, not visitors to Gsh Plaza. Transfers between lines don't tap, so interchanges read low.

Bus

8 bus stops within 400 m, with about 17,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Backlane (Cecil St - M Arket St) (URA)84 m
Backlane (Synagogue St - Church St) (URA)224 m
Backlane (Boon Tat St - Amoy St) (URA)319 m
Backlane (Boon Tat St) (URA)323 m
Boon Tat St (URA)326 m
S$1.20 per half-hour at midday on a weekday · 17 car lots

Nearest URA season parking: Mohd Sultan-River Vall Ey Road Area, 1.5 km away, S$80/month.

Public car parks only, by straight-line distance, with the operator's published rates. Gsh Plaza's own car park, if it has one, and its charges are not in the open data.

Who's registered at Gsh Plaza?

Key takeaway1,090 live companies (and LLPs and branches; sole proprietors are not counted) list Gsh Plaza as their registered address. These are registered businesses, not who occupies the space.

Professional, scientific and technical services
245
Financial and insurance
234
Wholesale and retail trade
214
Information and communications
196
Transportation and storage
64
Administrative and support services
46
Education
21
Manufacturing
18
Construction
15
Real estate
9

Registered businesses, not who occupies the space: companies, LLPs and branches whose REGISTERED address is this building (ACRA), by industry. Sole proprietors are not counted; no business is named. Most registrations here are dead: this is a registered-office address (corporate secretaries), so the count says nothing about how busy the building is. ACRA, as of 2026-09-16.

Frequently asked questions about Gsh Plaza

Where is Gsh Plaza?⌄

Gsh Plaza is at Cecil Street, Singapore 049705, in the Downtown Core planning area.

What is Gsh Plaza zoned as?⌄

Gsh Plaza sits on land zoned commercial under the URA Master Plan, with a gross plot ratio of 15.

What is the tenure of Gsh Plaza?⌄

Gsh Plaza is leasehold. About 62 years remain on the lease.

Have there been any recorded transactions at Gsh Plaza?⌄

No caveats have been lodged for Gsh Plaza in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to Gsh Plaza?⌄

Raffles Place MRT is the closest, 157 m away (about a 2-minute walk).

How many businesses are registered at Gsh Plaza?⌄

1,126 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.

For agents · in the PropKaki app

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Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

Specs from the developer's sales brochure are the building as designed at launch; units may have been altered since.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, the developer's sales brochure, OpenStreetMap (© OpenStreetMap contributors), the developer's sales brochure (floor plans) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.