CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

560 Balestier Road

Reviewed by Nathan TangUpdated 8 November 2026Data through May 2023
Quick Summary

560 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 May 2023. 4 units are currently listed for sale or rent. ACRA records 0 live company registrations at this address.

1

What are the key facts about 560 Balestier Road?

Key takeaway560 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
560 Balestier Road
Land area
—
Completed
Not on record
Storeys
3 (© OpenStreetMap contributors)
Submarket
City Fringe
Transactions on record
1 (records start 1995)
Live listings
4
ACRA registrations
0
2

About 560 Balestier Road

560 Balestier Road is a commercial property in Novena (District 12). It is located along Balestier Road, Singapore 329876.

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$3,214 psf. The most recent was in May 2023.

1 business is currently registered at this address with ACRA.

The nearest MRT is Toa Payoh MRT, 704 m away (about a 11-minute walk). The closest bus stop (Aft Irrawaddy Rd) is 75 m away (about a 1-minute walk).

3

What is 560 Balestier Road zoned as?

Key takeaway560 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 has 560 Balestier Road sold for?

Key takeaway1 transaction is on record since 1995, most recently in May 2023 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
May 2023Shop HouseS$6.09M1,894 sqft$3,214

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. sqm ↔ sq ft converter

5

What does space at 560 Balestier Road rent for?

Key takeawayNo rent is published for 560 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).

6

Market context around 560 Balestier Road

Key takeawayCollective sale: A collective sale tender launched Jun 2026 at a guide price of S$180 million closed 28 Jul 2026; no outcome was reported. EdgeProp Singapore A collective sale needs the owners' consent and may still fail.Brokers' 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.

7

How fast units move at 560 Balestier Road

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 3 units for rent; 1 unit for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 2 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

Sale: 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.

8

What's been approved at 560 Balestier Road?

Key takeawayURA has approved 1 change of use at 560 Balestier Road since 2000, most recently in 2024. 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.
F&B and nightlife here

URA does not approve new eating houses (restaurants, coffee shops, cafes) here; an existing one's permission may be renewed.

Per URA circular DC23-08, Appendix A (2 Oct 2023: no new eating houses in shophouses on listed stretches). A planning guideline for the area, not a decision on any unit; it applies to new eating houses and bars, not to one already approved.

  1. 27 Nov 2024Approved
    Change of use to function room

    Proposed change of use of the 1st storey to function room

  2. 22 Aug 2024Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  3. 29 Sept 2023Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  4. 1 Sept 2020Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  5. 17 Sept 2018Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  6. 2 Oct 2017Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  7. 30 Sept 2016Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  8. 4 Sept 2015Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  9. 21 Oct 2014Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine on lot 04205m mk17 at 560 balestier road (novena planning area)

  10. 29 Aug 2013Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  11. 24 Aug 2012Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

  12. 5 Oct 2009Renewed
    Continued use as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st s

    Continued use of the 1st storey shop as office-cum-showroom-cum store for floor tiles with ancillary office on the 1st storey mezzanine

1 earlier change-of-use and A&A decision is 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).

9

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.

10

What do commercial rents run near 560 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.

11

What is available at 560 Balestier Road right now?

Key takeaway4 units are currently listed at 560 Balestier Road — 1 for sale and 3 for rent. One row per unit; several agents often market the same unit.

For sale (1)

  • 560 Balestier Road, 329876S$180.00M · 40,133 sqft

For rent (3)

  • 560 Balestier Road, 329876S$14k/mo · 1,710 sqft
  • 560 Balestier road3 agentsS$15k/mo · 1,894 sqft
  • Balestier Road Corner Ground Floor Shophouse | F&B / Retail3 agentsS$15k/mo · 1,895 sqft

Browse every listing at this building →

12

What is near 560 Balestier Road?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 704 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Aft Irrawaddy Rd · 75 mEducational Institution · 88 mHotel · 105 mPlace Of Worship · 175 mLivewell Medical Family Clinic · 204 mNovena Rise Pk · 329 mThomson Medical Centre · 398 mNovena MRT Exit A · 655 mToa Payoh West Community Club · 918 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 · 204 mSquare 2 · 700 m

Straight-line distances. Source: PropKaki amenities data.

13

Getting there and parking at 560 Balestier Road

Key takeawayThe nearest station is Novena (NS20), 655 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 11 public car parks are within 500 m.
Foot traffic: busier than 60% of retail buildings

nearest MRT/LRT Novena (NS20) 655 m, about 85,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 29,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 48,000 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)655 m · about 85,000 weekday taps
  • Toa Payoh (NS19)677 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 560 Balestier Road. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 29,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Jln Dusun (URA)133 m
    S$0.60 per half-hour at midday on a weekday · 24 car lots
  • Blk 101 Jalan Dusun (HDB)145 m
    S$0.60 per half-hour at midday on a weekday · 261 car lots
  • Service Rd (Balestier Rd) (URA)191 m
    S$0.60 per half-hour at midday on a weekday · 10 car lots
  • Blk 2 Balestier Road (HDB)234 m
    S$0.60 per half-hour at midday on a weekday · 45 car lots
  • Jln Raja Udang (URA)253 m
    S$0.60 per half-hour at midday on a weekday · 16 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, 781 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. 560 Balestier Road's own car park, if it has one, and its charges are not in the open data.

14

Who's registered at 560 Balestier Road?

Key takeaway0 live companies (and LLPs and branches; sole proprietors are not counted) list 560 Balestier Road as their registered address. These are registered businesses, not who occupies the space.
  • Professional, scientific and technical services
    0
  • Construction
    0
  • Manufacturing
    0
  • Wholesale and retail trade
    0
  • Financial and insurance
    0
  • Administrative and support 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. ACRA, as of 2026-09-16.

15

Frequently asked questions about 560 Balestier Road

Where is 560 Balestier Road?⌄

560 Balestier Road is at 560 Balestier Road, Singapore 329876, in the Novena planning area.

What is 560 Balestier Road zoned as?⌄

560 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 560 Balestier Road?⌄

560 Balestier Road is freehold.

Is 560 Balestier Road a conserved property?⌄

Yes. 560 Balestier Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 560 Balestier Road sold for?⌄

Across 1 recorded transaction, the median price is S$3,214 psf. The latest was in May 2023.

What is the nearest MRT station to 560 Balestier Road?⌄

Toa Payoh MRT is the closest, 704 m away (about a 11-minute walk).

How many businesses are registered at 560 Balestier Road?⌄

1 business is 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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