CommercialCOMMERCIAL & RESIDENTIALDistrict 12 · Novena

Shaw Plaza

Reviewed by Nathan TangUpdated 10 November 2026
Quick Summary

Shaw Plaza 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. 3 units are currently listed for rent. ACRA records 0 live company registrations at this address.

1

What are the key facts about Shaw Plaza?

Key takeawayShaw Plaza 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
—
Land area
—
Completed
Not on record
Storeys
Not on record
Listed as
Food & Beverage, Other Retail
Transactions on record
None recorded
Live listings
3
ACRA registrations
0

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.

2

About Shaw Plaza

Shaw Plaza is a commercial building in Novena (District 12). It is located along Balestier Road.

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

The nearest MRT is Novena MRT, 962 m away (about a 15-minute walk). The closest bus stop (Shaw Plaza) is 52 m away (about a 1-minute walk). Square 2 is 915 m away (about a 14-minute walk).

3

What is Shaw Plaza zoned as?

Key takeawayShaw Plaza 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 →

4

What does space at Shaw Plaza rent for?

Key takeawayNo rent is published for Shaw Plaza itself. On its street, Balestier Road, retail space rented at a median of $5.76 psf a month in 2026Q3, with the middle half of leases between $5.00 and $7.48. That is not this building's own rent, and never a quote for a particular unit.

Retail space on Balestier Road

Street level · 2026Q3
25th pct
$5.00
$53.83 psm
Median
$5.76
$61.96 psm
75th pct
$7.48
$80.47 psm

S$ per sq ft per month · median -36.4% on a year earlier

2023Q4 · $68.99 psm2026Q3 · $61.96 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).

Office space on Balestier Road

Street level · 2026Q3
25th pct
$4.86
$52.33 psm
Median
$4.98
$53.57 psm
75th pct
$5.81
$62.49 psm

S$ per sq ft per month · median +11% on a year earlier

2023Q4 · $46.50 psm2026Q3 · $53.57 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 — 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).

5

Market context around Shaw Plaza

Key takeawayBrokers' retail figures for Singapore as a whole — 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 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m 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.

6

How fast units move at Shaw Plaza

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 3 units for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 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.

7

What's been approved at Shaw Plaza?

Key takeawayURA has approved 8 changes of use at Shaw Plaza since 2000, most recently in 2024, 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.
  1. 17 Oct 2024ApprovedFloor 4
    Change of use to amusement centre

    Proposed change of use of #04-XX and #04-XX (shaw plaza) to amusement centre

  2. 6 May 2024ApprovedFloor 4
    Change of use to indoor children's play area

    Change of use of #04-XX (shaw plaza) to indoor children's play area

  3. 19 Jun 2023Cancellation of Written PermissionFloor 2
    Change of use to restaurant

    Proposed change of use of units #02-XX and #02-XX to restaurant - shaw plaza

  4. 18 Apr 2023ApprovedFloor 2
    Change of use to restaurant

    Proposed change of use of units #02-XX and #02-XX to restaurant - shaw plaza

  5. 6 Apr 2023ApprovedFloor 2
    Change of use to medical clinic

    Proposed change of use of shop unit #02-XX to medical clinic - shaw plaza

  6. 2 Feb 2023ApprovedFloor 3
    Change of use to caf� and commercial school

    Proposed change of use of units #03-XX and #03-XX to caf� and commercial school - shaw plaza

  7. 30 Jan 2023ApprovedFloor 2
    Change of use to supermarket with ancillary dine-in area

    Proposed change of use of unit #02-XX to supermarket with ancillary dine-in area - shaw plaza

  8. 29 Dec 2022ApprovedFloor 3
    Change of use to commercial school

    Proposed change of use of units #03-XX and #03-XX to commercial school - shaw plaza

  9. 29 Dec 2022RefusedFloor 1
    Change of use to massage establishment

    Proposed change of use of unit #01-XX to massage establishment - shaw plaza

  10. 21 Sept 2021Approved
    Additions & alterations

    Proposed additions and alterations to commercial/residential complex involving a 2/5 storey commercial building consisting of shops, restaurants, cinemas and 2 basement carparks (shaw plaza)

  11. 3 Sept 2021Approved
    Additions & alterations

    Regularisation of gfa and proposed amendment to approved additions and alterations to commercial/residential complex involving a 2/5 storey commercial building consisting of shops, restaurants, cinemas and 2 basement carparks (shaw plaza) on lot 08192m mk17 at 360 balestier road

  12. 23 Apr 2021Approved
    Additions & alterations

    Proposed amendment to approved additions and alterations to commercial/residential complex involving a 2/5 storey commercial building consisting of shops, restaurants, cinemas and 2 basement carparks (shaw plaza) on lot 08192m mk17 at 360 balestier road

3 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).

8

How does Balestier Road price?

Key takeawayAcross 45 strata sales on Balestier Road in the last 5 years, the median is $2,070 psf.
Strata sales on the street (5y)
45
Street median PSF (strata)
$2,070

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

9

What do commercial rents run near Shaw 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 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 band25th pctMedian75th 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.

10

What is available at Shaw Plaza right now?

Key takeaway3 units are currently listed at Shaw Plaza. One row per unit; several agents often market the same unit.

For rent (3)

  • Shaw PlazaS$9k/mo · 732 sqft
  • Shaw PlazaS$16k/mo · 1,313 sqft
  • Shaw PlazaS$9k/mo · 700 sqft

Browse every listing at this building →

11

What is near Shaw Plaza?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 962 m away.

Getting around

Amenities nearby

Shaw Plaza · 52 mmydoctor@Balestier · 68 mNTUC Fairprice Co-operative Ltd · 68 mPlace Of Worship · 121 mHotel · 196 mBlks 91/92 Whampoa Drive # · 336 mEducational Institution · 397 mRen Ci Community Hospital · 631 mWhampoa Community Club · 652 mNovena MRT Exit A · 872 m

Straight-line distances. Source: PropKaki amenities data.

12

Getting there and parking at Shaw Plaza

Key takeawayThe nearest station is Novena (NS20), 873 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 22 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.
Foot traffic: busier than 32% of retail buildings

nearest MRT/LRT Novena (NS20) 873 m, about 85,000 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 58,000 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

  • Novena (NS20)873 m · about 85,000 weekday taps
  • Toa Payoh (NS19)939 m · about 76,000 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 Plaza. 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

  • Martaban Rd (URA)115 m
    S$0.60 per half-hour at midday on a weekday · 16 car lots
  • Mandalay Rd (URA)121 m
    S$0.60 per half-hour at midday on a weekday · 8 car lots
  • Jln Ampas (URA)145 m
    S$0.60 per half-hour at midday on a weekday · 18 car lots
  • Balestier Road Area (URA)174 m
    season S$90/month
  • Bhamo Rd (URA)189 m
    S$0.60 per half-hour at midday on a weekday · 9 car lots

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

13

How many companies are registered at Shaw Plaza?

Key takeawayACRA records 0 live company registrations at this address.
Live registrations
0
Registered last 3 years
0

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.

14

Frequently asked questions about Shaw Plaza

Where is Shaw Plaza?⌄

Shaw Plaza is at Balestier Road, in the Novena planning area.

What is Shaw Plaza zoned as?⌄

Shaw Plaza 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 Plaza?⌄

No caveats have been lodged for Shaw 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 Shaw Plaza?⌄

Novena MRT is the closest, 962 m away (about a 15-minute walk).

For agents · in the PropKaki app

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