CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 3 · Queenstown

Queensway Shopping Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Oct 2026

Quick Summary

Queensway Shopping Centre is a commercial building in District 3 · Queenstown, on land zoned COMMERCIAL & RESIDENTIAL under the URA Master Plan. It is freehold. 200 transactions are on record since 1995, at a median S$2,890 psf, most recently in Oct 2026. 40 units are currently listed for sale or rent. ACRA records 101 live company registrations at this address.

The facts are here — now get the verdict on Queensway Shopping Centre.

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What are the key facts about Queensway Shopping Centre?

Key takeawayQueensway Shopping Centre is a commercial building in District 3 · Queenstown, zoned COMMERCIAL & RESIDENTIAL, held freehold.

Asset class: Commercial
Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: Subject to Evaluation
Tenure: Freehold
District / Area: District 3 · Queenstown
Address: 1 Queensway
Land area: 9,323 sqm
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 306
Managing agent: EDMUND TIE & COMPANY PROPERTY MANAGEMENT SERVICES PTE LTD
Strata formed: 1982 (MCST 0572)
Submarket: City Fringe
Units with a recorded sale: At least 111
Listed as: Mall Shop, Shop / Shophouse, Other Retail
Transactions on record: 200 (records start 1995)
Live listings: 40
ACRA registrations: 101

What are the specs at Queensway Shopping Centre?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.

Facilities: car park; Source: CommercialGuru

About Queensway Shopping Centre

Queensway Shopping Centre is a commercial building in Queenstown (District 03). It is located along Queensway, Singapore 149053.

Under the URA Master Plan it sits on land zoned commercial & residential.

The site is freehold. It occupies roughly 9,323 sqm of land.

199 transactions have been recorded here, at a median of S$2,845 psf. The most recent was in December 2025.

213 businesses are currently registered at this address with ACRA.

The nearest MRT is Queenstown MRT, 829 m away (about a 13-minute walk). The closest bus stop (Opp Queensway Shop Ctr) is 104 m away (about a 2-minute walk).

What is Queensway Shopping Centre zoned as?

Key takeawayQueensway Shopping Centre sits on land zoned COMMERCIAL & RESIDENTIAL.

Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: Subject to Evaluation

URA has not published a fixed plot ratio for this site — the Master Plan records "EVA" (Subject to Evaluation), meaning intensity is decided case by case on application. Do not quote a plot ratio, and do not compute buildable GFA from it.

BCA-verified envelope: built 12,977 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

What has Queensway Shopping Centre sold for?

Key takeawayAcross 200 recorded transactions since 1995, the median price is about S$599k, most recently in Oct 2026.

Date	Use	Price	Area	PSF
Oct 2026	Retail	S$1.45M	301 sqft	$4,811
Dec 2025	Retail	S$404k	118 sqft	$3,410
Oct 2025	Retail	S$1.07M	226 sqft	$4,734
Sept 2025	Retail	S$589k	183 sqft	$3,219
Jun 2025	Retail	S$495k	140 sqft	$3,537
Feb 2025	Retail	S$835k	248 sqft	$3,373
Feb 2025	Retail	S$500k	140 sqft	$3,573
Feb 2025	Retail	S$738k	237 sqft	$3,116
Oct 2024	Retail	S$655k	215 sqft	$3,043
Jul 2024	Retail	S$1.09M	258 sqft	$4,212

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

What does space at Queensway Shopping Centre rent for?

Key takeawayNo rent is published for Queensway Shopping Centre itself. On its street, Queensway, retail space rented at a median of $7.81 psf a month in 2026Q3, with the middle half of leases between $6.47 and $9.75. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Queensway

Street level · 2026Q3

25th pct

$6.47

$69.62 psm

Median

$7.81

$84.11 psm

75th pct

$9.75

$105.00 psm

S$ per sq ft per month · median -11.3% on a year earlier

2023Q4 · $100.00 psm2026Q3 · $84.11 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 3 retail

Region band · 2026Q3

25th pct

$7.49

$80.65 psm

Median

$10.49

$112.95 psm

75th pct

$14.10

$151.72 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 3 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 Queensway Shopping Centre

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.

How fast units move at Queensway Shopping Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 20 units for rent; 20 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 1 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: between 6 Aug 2026 and 28 Aug 2026, 1 new listing appeared and 5 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Queensway Shopping Centre?

Key takeawayURA has approved 24 changes of use at Queensway Shopping Centre since 2000, most recently in 2025, and refused 1. 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.

24 Jun 2026RenewedFloor 2
Continued use as amusement centre
Continued use of unit #02-XX as amusement centre at queensway shopping centre
18 Jul 2025ApprovedFloors B1, 1
Change of use to restaurant
Proposed change of use of units #B1-XX & #01-XX to restaurant at queensway shopping centre
27 Mar 2025Approved
Change of use to shop
Proposed change of use of unit #01-XX to shop at queensway shopping centre
22 Oct 2024ApprovedFloor 2
Change of use to amusement centre
Proposed change of use of unit #02-XX to amusement centre at queensway shopping centre
20 Jul 2023ApprovedFloor 2
Change of use to amusement centre
Proposed change of use of unit #02-XX to amusement centre at queensway shopping centre
29 Mar 2023RenewedFloor 2
Continued use as amusement centre
Continued use of unit #02-XX as amusement centre at queensway shopping centre
19 Jan 2023RefusedFloor 3
Change of use to nightclub
Proposed change of use of unit #03-XX to nightclub at queensway shopping centre
24 Nov 2022ApprovedFloor 2
Change of use to amusement centre
Proposed change of use of shop unit #02-XX to amusement centre at queensway shopping centre
12 Apr 2022RenewedFloor 2
Continued use as amusement centre
Continued use of unit #02-XX as amusement centre at queensway shopping centre
5 Apr 2022RenewedFloor 3
Continued use as massage establishment
Continued use of shop unit #03-XX as massage establishment - queensway shopping centre
13 Jan 2022ApprovedFloor 2
Change of use to cafe
Proposed change of use of unit #02-XX to cafe at queensway shopping centre
29 Sept 2021ApprovedFloor 2
Change of use to cafe
Proposed change of use of unit #02-XX to cafe

24 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 Queensway price?

Key takeawayAcross 24 strata sales on Queensway in the last 5 years, the median is $3,456 psf.

Strata sales on the street (5y)

Street median PSF (strata)

$3,456

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

What do commercial rents run near Queensway 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 3 retail

Gross yield (area)

3.8%

3.4% net of property tax

Rent side (median of bands)

$112.95 psm/mo

2026Q3

Price side (strata, 5y)

$3,294 psf

38 sales

An INDICATIVE AREA yield for District 3 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 3 ($ psm/month, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 2 & 3 · 30 & Below	$78.10	$94.74	$116.67
Level 1 · 30 & Below	$73.20	$92.12	$107.33
Level 1 · >30 - 100	$83.20	$164.15	$200.48
Level 2 & 3 · >30 - 100	$58.43	$67.44	$75.00
Level 1 · >100 - 300	$226.54	$240.67	$264.22
Level 2 & 3 · >100 - 300	$83.56	$131.15	$186.77

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 available at Queensway Shopping Centre right now?

Key takeaway40 units are currently listed at Queensway Shopping Centre — 20 for sale and 20 for rent. One row per unit; several agents often market the same unit.

For sale (20)

Queensway Shopping Centre/Queensway TowerS$780k · 248 sqft
Queensway Shopping Centre/Queensway TowerS$1.50M · 237 sqft
Queensway Shopping Centre/Queensway TowerS$938k · 236 sqft
Queensway Shopping Centre/Queensway TowerS$1.30M · 269 sqft

For rent (20)

Queensway Shopping Centre/Queensway TowerS$2k/mo · 200 sqft
Queensway Shopping Centre/Queensway TowerS$3k/mo · 175 sqft
Queensway Shopping Centre/Queensway TowerS$1k/mo · 120 sqft
Queensway Shopping Centre/Queensway TowerS$2k/mo · 215 sqft

Browse every listing at this building →

What is near Queensway Shopping Centre?

Key takeawayThe nearest MRT/LRT is Queenstown MRT, about 829 m away — and 3 competing retail premisess operate nearby.

Getting around

Queenstown MRT829 m · ~13 min

Amenities nearby

Opp Queensway Shop Ctr · 105 mShalom Clinic & Surgery · 105 mHotel · 165 mPlace Of Worship · 364 mAlexandra Hospital · 428 mEducational Institution · 652 mQueenstown MRT Exit A · 802 mBusiness Park · 1.0 km

Competing premises nearby

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

Alexandra Village Food Centre · 188 mAnchorpoint · 212 mL M Meat Pte. Ltd · 212 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Queensway Shopping Centre

Key takeawayThe nearest station is Queenstown (EW19), 802 m away — a moderately busy station, with about 36,000 taps in and out on an average weekday. 13 public car parks are within 500 m.

Foot traffic: busier than 23% of retail buildings

nearest MRT/LRT Queenstown (EW19) 802 m, about 36,000 taps a weekday; bus stops within 400 m: 7, about 23,000 taps a weekday; Queenstown: 131,782 resident workers (Census 2020, by workplace); about 33,000 residents within 1 km (June 2026); 1 other mall 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

Queenstown (EW19)802 m · about 36,000 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 Queensway Shopping Centre. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with about 23,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 168A Queensway (HDB)136 m
S$0.60 per half-hour at midday on a weekday
Blk 120/120A/121-127 Alexandra Village (HDB)224 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 277 car lots
Blk 168-171 Stirling Road (HDB)248 m
S$0.60 per half-hour at midday on a weekday · gantry 4.5 m · 4 car lots
Blk 171A Stirling Road (HDB)250 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 199 car lots
Blk 169A Stirling Road (HDB)297 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 148 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Pasir Panjang Road Are A, 1.5 km away, S$90/month.

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

Who's registered at Queensway Shopping Centre?

Key takeaway101 live companies (and LLPs and branches; sole proprietors are not counted) list Queensway Shopping Centre as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
58
Manufacturing
10
Other services
5
Professional, scientific and technical services
4
Information and communications
4
Construction
4
Education
4
Administrative and support services
4
Financial and insurance
3
Arts, entertainment and recreation
2

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. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

What is Queensway Shopping Centre's BCA building profile?

BCA building type: Retail
Green Mark: NA (NA)
Energy use intensity: 334 kWh/m²·yr

Frequently asked questions about Queensway Shopping Centre

Where is Queensway Shopping Centre?⌄

Queensway Shopping Centre is at 1 Queensway, Singapore 149053, in the Queenstown planning area.

What is Queensway Shopping Centre zoned as?⌄

Queensway Shopping Centre sits on land zoned commercial & residential under the URA Master Plan.

What is the tenure of Queensway Shopping Centre?⌄

Queensway Shopping Centre is freehold.

What have units at Queensway Shopping Centre sold for?⌄

Across 199 recorded transactions, the median price is S$2,845 psf. The latest was in December 2025.

What is the nearest MRT station to Queensway Shopping Centre?⌄

Queenstown MRT is the closest, 829 m away (about a 13-minute walk).

How many businesses are registered at Queensway Shopping Centre?⌄

213 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

The facts are here — now get the verdict on Queensway Shopping Centre.

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This development is also registered as the residential project Queensway Tower.

Read the figures right

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

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

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.

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 BCA's MCST register, PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), LTA DataMall passenger volumes, PropKaki's foot-traffic model, CommercialGuru, OpenStreetMap (© OpenStreetMap contributors) — 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.