248 Balestier Road
248 Balestier Road 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. It is freehold. 2 transactions are on record since 1995, most recently in Mar 2008. ACRA records 2 live company registrations at this address.
What are the key facts about 248 Balestier Road?
- Asset class
- Commercial
- Land-use zone
- COMMERCIAL & RESIDENTIAL
- Gross plot ratio
- 3.0
- Tenure
- Freehold
- District / Area
- District 12 · Novena
- Address
- 248 Balestier Road
- Land area
- —
- Transactions on record
- 2 (records start 1995)
- Live listings
- None
- ACRA registrations
- 2
About 248 Balestier Road
248 Balestier Road is a commercial property in Novena (District 12). It is located along Balestier Road, Singapore 329707.
Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 3. The site falls within a conservation area, so external alterations are subject to URA conservation guidelines.
The site is freehold.
2 transactions have been recorded here, at a median of S$1,478 psf. The most recent was in March 2008.
2 businesses are currently registered at this address with ACRA.
The nearest MRT is Boon Keng MRT, 986 m away (about a 15-minute walk). The closest bus stop (Bef Blk 104) is 43 m away (about a 1-minute walk).
What is 248 Balestier Road zoned as?
- Land-use zone
- COMMERCIAL & RESIDENTIAL
- Gross plot ratio
- 3.0
- Conservation area
- Balestier
- Conserved building
- Yes
What has 248 Balestier Road sold for?
| Date | Use | Price | Area | PSF |
|---|---|---|---|---|
| Mar 2008 | Shop House | S$3.50M | 1,648 sqft | $2,124 |
| Jul 2004 | Shop House | S$1.37M | 1,648 sqft | $831 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Balestier Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near 248 Balestier Road?
Indicative area yield — District 12 retail
An INDICATIVE AREA yield for District 12 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 12 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th 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.
What is near 248 Balestier Road?
Getting around
- Boon Keng MRT986 m · ~15 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at 248 Balestier Road?
- Live registrations
- 2
- Registered last 3 years
- 0
- Most common type
- Local Company
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.
Frequently asked questions about 248 Balestier Road
Where is 248 Balestier Road?⌄
248 Balestier Road is at 248 Balestier Road, Singapore 329707, in the Novena planning area.
What is 248 Balestier Road zoned as?⌄
248 Balestier Road sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.
What is the tenure of 248 Balestier Road?⌄
248 Balestier Road is freehold.
Is 248 Balestier Road a conserved property?⌄
Yes. 248 Balestier Road falls within a URA conservation area, so external works are subject to conservation guidelines.
What have units at 248 Balestier Road sold for?⌄
Across 2 recorded transactions, the median price is S$1,478 psf. The latest was in March 2008.
What is the nearest MRT station to 248 Balestier Road?⌄
Boon Keng MRT is the closest, 986 m away (about a 15-minute walk).
How many businesses are registered at 248 Balestier Road?⌄
2 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.
The facts are here — now get the verdict on 248 Balestier Road.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.