CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 3 · Queenstown

Queensway Shopping Centre

Reviewed by Nathan TangUpdated 10 August 2026Data through Dec 2025
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. 199 transactions are on record since 1995, most recently in Dec 2025. 42 units are currently listed for sale or rent. ACRA records 213 live company registrations at this address.

1

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
Transactions on record
199 (records start 1995)
Live listings
42
ACRA registrations
213
2

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).

3

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 Do not quote a plot ratio, and do not compute buildable GFA from it.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 →

4

What has Queensway Shopping Centre sold for?

Key takeawayAcross 199 recorded transactions since 1995, the median price is about S$598k, most recently in Dec 2025.
DateUsePriceAreaPSF
Dec 2025RetailS$404k118 sqft$3,410
Oct 2025RetailS$1.07M226 sqft$4,734
Sept 2025RetailS$589k183 sqft$3,219
Jun 2025RetailS$495k140 sqft$3,537
Feb 2025RetailS$835k248 sqft$3,373
Feb 2025RetailS$500k140 sqft$3,573
Feb 2025RetailS$738k237 sqft$3,116
Oct 2024RetailS$655k215 sqft$3,043
Jul 2024RetailS$1.09M258 sqft$4,212
Apr 2024RetailS$520k118 sqft$4,392

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 Queensway price?

Key takeawayAcross 24 strata sales on Queensway in the last 5 years, the median is $3,392 psf.
Strata sales on the street (5y)
24
Street median PSF (strata)
$3,392

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

6

What do commercial rents run near Queensway 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 3 retail

Gross yield (area)
3.4%
3.0% net of property tax
Rent side (median of bands)
$97.35 psm/mo
2026Q2
Price side (strata, 5y)
$3,219 psf
39 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, 2026Q2)

Floor level · size band25th pctMedian75th pct
Level 1 · 30 & Below$95.98$132.22$183.14
Level 2 & 3 · 30 & Below$78.58$97.35$120.88
Level 1 · >30 - 100$79.82$93.70$105.25
Level 2 & 3 · >30 - 100$56.17$57.32$67.43
Level 2 & 3 · >100 - 300$169.34$207.58$229.29

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 available at Queensway Shopping Centre right now?

Key takeaway42 units are currently listed at Queensway Shopping Centre24 for sale and 18 for rent. One row per unit; several agents often market the same unit.

For sale (24)

  • Queensway Shopping CentreS$800k · 162 sqft
  • Queensway Shopping CentreS$650k · 151 sqft
  • Queensway Shopping CentreS$750k · 172 sqft
  • Queensway Shopping Centre2 agentsS$1.25M · 403 sqft

For rent (18)

  • Queensway Shopping Centre2 agentsS$2k/mo · 196 sqft
  • Queensway Shopping Centre2 agentsS$2k/mo · 215 sqft
  • Queensway Shopping Centre2 agentsS$2k/mo · 205 sqft
  • Queensway Shopping Centre2 agentsS$6k/mo · 270 sqft

Browse every listing at this building →

8

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

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.

9

How many companies are registered at Queensway Shopping Centre?

Key takeawayACRA records 213 live company registrations at this address, 47 of them in the last three years.
Live registrations
213
Registered last 3 years
47
Most common type
Sole Proprietorship/ Partnership

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.

10

What is Queensway Shopping Centre's BCA building profile?

BCA building type
Retail
Green Mark
NA (NA)
Energy use intensity
334 kWh/m²·yr
11

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

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