Le Shantier
Le Shantier is a commercial building in District 12 · Novena, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan with a gross plot ratio of 3.0. It is freehold. 17 transactions are on record since 1995, most recently in Jan 2025. ACRA records 59 live company registrations at this address.
What are the key facts about Le Shantier?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL & RESIDENTIAL
- Gross plot ratio
- 3.0
- Tenure
- Freehold
- District / Area
- District 12 · Novena
- Address
- 519 Balestier Road
- Land area
- 2,590 sqm
- Transactions on record
- 17 (records start 1995)
- Live listings
- None
- ACRA registrations
- 59
About Le Shantier
Le Shantier is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329852.
Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 3. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.
The site is freehold. It occupies roughly 2,590 sqm of land with about 7,771 sqm of gross floor area.
17 transactions have been recorded here, at a median of S$886 psf. The most recent was in January 2025.
59 businesses are currently registered at this address with ACRA.
The nearest MRT is Novena MRT, 696 m away (about a 11-minute walk). The closest bus stop (Opp Zhongshan Mall) is 37 m away (about a 1-minute walk).
What is Le Shantier zoned as?
- Land-use zone
- COMMERCIAL & RESIDENTIAL
- Gross plot ratio
- 3.0
- Conservation area
- Balestier
What has Le Shantier sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Jan 2025 | Retail | S$5.10M | 2,820 sqft | $1,808 |
| May 2024 | Office | S$1.35M | 1,012 sqft | $1,334 |
| May 2021 | Office | S$1.40M | 947 sqft | $1,478 |
| Mar 2021 | Office | S$950k | 732 sqft | $1,298 |
| Apr 2017 | Office | S$950k | 969 sqft | $981 |
| Mar 2017 | Office | S$865k | 861 sqft | $1,005 |
| Aug 2016 | Office | S$900k | 969 sqft | $929 |
| Aug 2015 | Office | S$1.28M | 732 sqft | $1,749 |
| Nov 2010 | Office | S$800k | 1,012 sqft | $791 |
| Jun 2010 | Office | S$630k | 861 sqft | $732 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Balestier Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Le Shantier?
Indicative area yield — District 12 retail
An INDICATIVE AREA yield for District 12 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 12 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th pct |
|---|---|---|---|
| Level 2 & 3 · 30 & Below | $62.49 | $64.71 | $66.54 |
| Level 1 · 30 & Below | $63.21 | $75.71 | $98.74 |
| Level 1 · >30 - 100 | $112.99 | $125.25 | $147.17 |
| Level 1 · >100 - 300 | $102.41 | $118.35 | $120.63 |
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 Le Shantier?
Getting around
- Novena MRT697 m · ~11 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Le Shantier?
- Live registrations
- 59
- Registered last 3 years
- 13
- 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.
Frequently asked questions about Le Shantier
Where is Le Shantier?⌄
Le Shantier is at 519 Balestier Road, Singapore 329852, in the Novena planning area.
What is Le Shantier zoned as?⌄
Le Shantier sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.
What is the tenure of Le Shantier?⌄
Le Shantier is freehold.
Is Le Shantier a conserved property?⌄
Yes. Le Shantier falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at Le Shantier sold for?⌄
Across 17 recorded transactions, the median price is S$886 psf. The latest was in January 2025.
What is the nearest MRT station to Le Shantier?⌄
Novena MRT is the closest, 696 m away (about a 11-minute walk).
How many businesses are registered at Le Shantier?⌄
59 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.
The facts are here — now get the verdict on Le Shantier.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.
This development is also registered as the residential project Le Shantier.