CommercialCOMMERCIAL & RESIDENTIALDistrict 12 · Novena

Shaw Corner

Reviewed by Nathan TangUpdated 10 November 2026

Quick Summary

Shaw Corner 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. ACRA records 10 live company registrations at this address.

The facts are here — now get the verdict on Shaw Corner.

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What are the key facts about Shaw Corner?

Key takeawayShaw Corner is a commercial building in District 12 · Novena, zoned COMMERCIAL & RESIDENTIAL.

Asset class: Commercial
Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 3.0
Tenure: Not on record
District / Area: District 12 · Novena
Address: 12 Boon Teck Road
Land area: 1,176 sqm
Completed: Not on record
Storeys: 4 (© OpenStreetMap contributors)
Submarket: City Fringe
Transactions on record: None recorded
Live listings: None
ACRA registrations: 10

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.

About Shaw Corner

Shaw Corner is a mixed-use building in Novena (District 12). It is located along Boon teck road, Singapore 329586.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 3.

It occupies roughly 1,176 sqm of land with about 3,292 sqm of gross floor area.

10 businesses are currently registered at this address with ACRA.

The nearest MRT is Toa Payoh MRT, 791 m away (about a 12-minute walk). The closest bus stop (Bef Balestier Plaza) is 97 m away (about a 2-minute walk). Square 2 is 861 m away (about a 14-minute walk).

What is Shaw Corner zoned as?

Key takeawayShaw Corner sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 3.0.

Land-use zone: COMMERCIAL & RESIDENTIAL
Gross plot ratio: 3.0

Run the full zoning report for this building →

What does space at Shaw Corner rent for?

Key takeawayNo street- or building-level rent is published here. Across District 12 retail, retail space rented at a median of $6.71 psf a month in 2026Q3, with the middle half of leases between $5.52 and $8.97. That is not this building's own rent, and never a quote for a particular unit.

Retail space — District 12 retail

Region band · 2026Q3

25th pct

$5.52

$59.42 psm

Median

$6.71

$72.22 psm

75th pct

$8.97

$96.57 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 12 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 Shaw Corner

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 Shaw Corner?

Key takeawayURA has approved 5 changes of use at Shaw Corner since 2000, most recently in 2020. 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.

27 Apr 2020ApprovedFloor 1
Change of use to veterinary clinic
Proposed change of use of units #01-XX, #01-XX and #01-XX to veterinary clinic - shaw corner
13 May 2011ApprovedFloor 1
Change of use to pet shop
Change of use of shop unit #01-XX to pet shop
18 May 2002Approved
Change of use: veterinary clinic → pet shop
Proposed change of use of premises at unit 8 shaw corner from veterinary clinic to pet shop
9 Oct 2001Renewed
Continued use as veterinary clinic
Continued use of unit 10 on the 1st storey as veterinary clinic
9 Oct 2001ApprovedFloor 1
Change of use to extension
Proposed change of use of 1st storey unit #01-XX to extension of existing veterinary clinic at unit #01-XX
3 Oct 2000Approved
Change of use to commercial school
Change of use of the office unit no 6 and the shop unit no 4 on the 1st storey of the 4-storey shop/flat development to commercial school

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).

What do commercial rents run near Shaw Corner?

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

Indicative area yield — District 12 retail

Gross yield (area)

2.9%

2.6% net of property tax

Rent side (median of bands)

$72.22 psm/mo

2026Q3

Price side (strata, 5y)

$2,767 psf

54 sales

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, 2026Q3)

Floor level · size band	25th pct	Median	75th pct
Level 1 · 30 & Below	$52.08	$72.22	$91.29
Level 2 & 3 · 30 & Below	$101.58	$129.23	$143.22
Level 2 & 3 · >30 - 100	$59.42	$63.94	$96.57
Level 1 · >30 - 100	$74.07	$96.87	$116.31
Level 1 · >100 - 300	$48.14	$55.10	$60.66

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 Shaw Corner?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 791 m away.

Getting around

Toa Payoh MRT791 m · ~12 min

Amenities nearby

Hotel · 17 mProvidence Clinic @ Balestier · 56 mPlace Of Worship · 60 mBef Balestier Plaza · 97 mNTUC Fairprice Co-operative Ltd · 144 mEducational Institution · 453 mBlks 91/92 Whampoa Drive # · 541 mRen Ci Community Hospital · 551 mToa Payoh MRT Exit B · 756 mWhampoa Community Club · 822 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Shaw Corner

Key takeawayThe nearest station is Toa Payoh (NS19), 756 m away — a busy station, with about 76,000 taps in and out on an average weekday. 16 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 39% of retail buildings

nearest MRT/LRT Toa Payoh (NS19) 756 m, about 76,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 17,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 59,000 residents within 1 km (June 2026); 2 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

Toa Payoh (NS19)756 m · about 76,000 weekday taps
Novena (NS20)814 m · about 85,000 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 Shaw Corner. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Boon Teck Rd (URA)51 m
S$0.60 per half-hour at midday on a weekday · 6 car lots
Prome Rd (URA)67 m
S$0.60 per half-hour at midday on a weekday · 2 car lots
Minbu Rd Off St (URA)135 m
S$0.60 per half-hour at midday on a weekday · 111 car lots
Bhamo Rd (URA)141 m
S$0.60 per half-hour at midday on a weekday · 9 car lots
Jln Kemaman (URA)150 m
S$0.60 per half-hour at midday on a weekday · 10 car lots

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

Who's registered at Shaw Corner?

Key takeaway10 live companies (and LLPs and branches; sole proprietors are not counted) list Shaw Corner as their registered address. These are registered businesses, not who occupies the space.

Education
3
Accommodation and food services
2
Professional, scientific and technical services
1
Wholesale and retail trade
1
Information and communications
1
Financial and insurance
1
Other services
1
Health and social services
0

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. ACRA, as of 2026-09-16.

Frequently asked questions about Shaw Corner

Where is Shaw Corner?⌄

Shaw Corner is at 12 Boon Teck Road, Singapore 329586, in the Novena planning area.

What is Shaw Corner zoned as?⌄

Shaw Corner sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.

Have there been any recorded transactions at Shaw Corner?⌄

No caveats have been lodged for Shaw Corner 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 Shaw Corner?⌄

Toa Payoh MRT is the closest, 791 m away (about a 12-minute walk).

How many businesses are registered at Shaw Corner?⌄

10 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.

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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.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

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.

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.

Tenure is not recorded for this building. Commercial tenure coverage is roughly 40% (industrial is far better at ~90%).

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, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 10 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.