CommercialCOMMERCIAL & RESIDENTIALConservationDistrict 12 · Novena

2a Balestier Road

Reviewed by Nathan TangUpdated 10 November 2026
Quick Summary

2a 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. ACRA records 0 live company registrations at this address.

1

What are the key facts about 2a Balestier Road?

Key takeaway2a Balestier Road 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
17,792 sqm
Completed
1980 (HDB Property Information)
Storeys
1 (HDB Property Information)
Submarket
City Fringe
Transactions on record
None recorded
Live listings
None
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 2a Balestier Road

2A Balestier Road is a commercial building in Novena (District 12). It is located along Balestier Road, Singapore 321002.

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.

It occupies roughly 17,792 sqm of land with about 53,376 sqm of gross floor area.

2 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 632 m away (about a 10-minute walk). The closest bus stop (Bef Jln Dusun) is 60 m away (about a 1-minute walk). Square 2 is 605 m away (about a 9-minute walk).

3

What is 2a Balestier Road zoned as?

Key takeaway2a Balestier Road sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 3.0, with conservation status.
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
3.0
Conservation area
Balestier

Run the full zoning report for this building →

4

What does space at 2a Balestier Road rent for?

Key takeawayNo rent is published for 2a Balestier Road 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 2a Balestier Road

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.

6

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.

7

What do commercial rents run near 2a Balestier Road?

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.

8

What is near 2a Balestier Road?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 632 m away.

Getting around

Amenities nearby

Educational Institution · 8 mBef Jln Dusun · 60 mRxemedium@Balestier Medical Centre · 99 mHotel · 112 mNovena Rise Pk · 192 mThomson Medical Centre · 264 mPlace Of Worship · 268 mNTUC Fairprice Co-operative Ltd · 325 mNovena MRT Exit A · 564 mSquare 2 · 605 m

Straight-line distances. Source: PropKaki amenities data.

9

Getting there and parking at 2a Balestier Road

Key takeawayThe nearest station is Novena (NS20), 564 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 8 public car parks are within 500 m.
Foot traffic: busier than 52% of retail buildings

nearest MRT/LRT Novena (NS20) 564 m, about 85,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 11, about 24,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 43,000 residents within 1 km (June 2026); 3 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)564 m · about 85,000 weekday taps
  • Toa Payoh (NS19)812 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 2a Balestier Road. Transfers between lines don't tap, so interchanges read low.

Bus

11 bus stops within 400 m, with about 24,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Blk 2 Balestier Road (HDB)105 m
    S$0.60 per half-hour at midday on a weekday · 45 car lots
  • Service Rd (Balestier Rd) (URA)133 m
    S$0.60 per half-hour at midday on a weekday · 10 car lots
  • Jln Raja Udang (URA)167 m
    S$0.60 per half-hour at midday on a weekday · 16 car lots
  • Blk 1 Thomson Road (HDB)187 m
    S$0.60 per half-hour at midday on a weekday · 67 car lots
  • Jln Dusun (URA)200 m
    S$0.60 per half-hour at midday on a weekday · 24 car lots

HDB season (car): Tier 1 $80/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $90 Rest of Island, $150 Designated Area, $165 Restricted Zone (surface). Which zone this car park is in is not published as data.

Nearest URA season parking: Balestier Road Area, 833 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 2a Balestier Road's own car park, if it has one, and its charges are not in the open data.

10

Who's registered at 2a Balestier Road?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list 2a Balestier Road as their registered address on its shop floor. These are registered businesses, not who occupies the space.
  • Wholesale and retail trade
    0
  • Other 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. HDB block: only the shop floor (level 1 and basements) is counted; the flats above are homes. ACRA, as of 2026-09-16.

11

Frequently asked questions about 2a Balestier Road

Where is 2A Balestier Road?⌄

2A Balestier Road is at Balestier Road, Singapore 321002, in the Novena planning area.

What is 2A Balestier Road zoned as?⌄

2A Balestier Road sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.

Is 2A Balestier Road a conserved property?⌄

Yes. 2A Balestier Road falls within a URA conservation area, so external works are subject to conservation guidelines.

Have there been any recorded transactions at 2A Balestier Road?⌄

No caveats have been lodged for 2A Balestier Road 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 2A Balestier Road?⌄

Novena MRT is the closest, 632 m away (about a 10-minute walk).

How many businesses are registered at 2A 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.

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