CommercialFreeholdDistrict 12 · Novena

242,242a,242b Balestier Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Aug 2011
Quick Summary

242,242a,242b Balestier Road is a commercial building in District 12 · Novena. It is freehold. 1 transaction is on record since 1995, most recently in Aug 2011. ACRA records 0 live company registrations at this address.

1

What are the key facts about 242,242a,242b Balestier Road?

Key takeaway242,242a,242b Balestier Road is a commercial building in District 12 · Novena, held freehold.
Asset class
Commercial
Land-use zone
Not on record
Gross plot ratio
Tenure
Freehold
District / Area
District 12 · Novena
Address
242,242a,242b Balestier Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About 242,242a,242b Balestier Road

242,242A,242B Balestier Road is a commercial property in Novena (District 12). It is located along Balestier Road, Singapore 329704.

The site is freehold.

1 transaction has been recorded here, at a median of S$2,549 psf. The most recent was in August 2011.

3

What has 242,242a,242b Balestier Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Aug 2011 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Aug 2011Shop HouseS$4.25M1,667 sqft$2,549

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.

4

How does Balestier Road price?

Key takeawayAcross 45 strata sales on Balestier Road in the last 5 years, the median is $1,943 psf.
Strata sales on the street (5y)
45
Street median PSF (strata)
$1,943

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

5

What do commercial rents run near 242,242a,242b Balestier Road?

Key takeawayURA publishes contracted-rent percentile grids quarterly (latest: 2026Q2) — the benchmark evidence an asking rent should be weighed against.

Indicative area yield — District 12 retail

Gross yield (area)
4.0%
3.6% net of property tax
Rent side (median of bands)
$97.03 psm/mo
2026Q2
Price side (strata, 5y)
$2,689 psf
57 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, 2026Q2)

Floor level · size band25th pctMedian75th 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.

6

How many companies are registered at 242,242a,242b Balestier Road?

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.

7

Frequently asked questions about 242,242a,242b Balestier Road

Where is 242,242A,242B Balestier Road?

242,242A,242B Balestier Road is at 242,242A,242B Balestier Road, Singapore 329704, in the Novena planning area.

What is the tenure of 242,242A,242B Balestier Road?

242,242A,242B Balestier Road is freehold.

What have units at 242,242A,242B Balestier Road sold for?

Across 1 recorded transaction, the median price is S$2,549 psf. The latest was in August 2011.

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