CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

513 Balestier Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Oct 2024
Quick Summary

513 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. 1 transaction is on record since 1995, most recently in Oct 2024. ACRA records 4 live company registrations at this address.

1

What are the key facts about 513 Balestier Road?

Key takeaway513 Balestier Road is a commercial building in District 12 · Novena, zoned COMMERCIAL & RESIDENTIAL, held freehold.
Asset class
Commercial
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
3.0
Tenure
Freehold
District / Area
District 12 · Novena
Address
513 Balestier Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
4
2

About 513 Balestier Road

513 Balestier Road is a commercial property in Novena (District 12). It is located along Balestier Road, Singapore 329850.

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.

1 transaction has been recorded here, at a median of S$2,782 psf. The most recent was in October 2024.

4 businesses are currently registered at this address with ACRA.

The nearest MRT is Toa Payoh MRT, 702 m away (about a 11-minute walk). The closest bus stop (Opp Zhongshan Mall) is 34 m away (about a 0-minute walk).

3

What is 513 Balestier Road zoned as?

Key takeaway513 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
Conserved building
Yes

Run the full zoning report for this building →

4

What has 513 Balestier Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in Oct 2024 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Oct 2024Shop HouseS$5.50M1,977 sqft$2,782

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.

5

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.

6

What do commercial rents run near 513 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.

7

What is near 513 Balestier Road?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 702 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Opp Zhongshan Mall · 34 mHotel · 36 mPlace Of Worship · 37 mLivewell Medical Family Clinic · 81 mEducational Institution · 154 mRen Ci Community Hospital · 396 mNovena Rise Pk · 472 mNovena MRT Exit A · 641 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

NTUC Fairprice Co-operative Ltd · 79 mSquare 2 · 691 mBlks 91/92 Whampoa Drive # · 878 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 513 Balestier Road?

Key takeawayACRA records 4 live company registrations at this address, 4 of them in the last three years.
Live registrations
4
Registered last 3 years
4
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.

9

Frequently asked questions about 513 Balestier Road

Where is 513 Balestier Road?

513 Balestier Road is at 513 Balestier Road, Singapore 329850, in the Novena planning area.

What is 513 Balestier Road zoned as?

513 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 513 Balestier Road?

513 Balestier Road is freehold.

Is 513 Balestier Road a conserved property?

Yes. 513 Balestier Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 513 Balestier Road sold for?

Across 1 recorded transaction, the median price is S$2,782 psf. The latest was in October 2024.

What is the nearest MRT station to 513 Balestier Road?

Toa Payoh MRT is the closest, 702 m away (about a 11-minute walk).

How many businesses are registered at 513 Balestier Road?

4 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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