CommercialCOMMERCIAL & RESIDENTIALConservationDistrict 12 · Novena

615 Balestier Road

Reviewed by Nathan TangUpdated 10 August 2026Data through Jul 2020
Quick Summary

615 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. 2 transactions are on record since 1995, most recently in Jul 2020. ACRA records 3 live company registrations at this address.

1

What are the key facts about 615 Balestier Road?

Key takeaway615 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
615 Balestier Road
Land area
Transactions on record
2 (records start 1995)
Live listings
None
ACRA registrations
3
2

About 615 Balestier Road

615 Balestier Road is a commercial property in Novena (District 12). It is located along Balestier Road, Singapore 329910.

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.

2 transactions have been recorded here, at a median of S$445 psf. The most recent was in July 2020.

3 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 655 m away (about a 10-minute walk). The closest bus stop (Bef Jln Dusun) is 80 m away (about a 1-minute walk).

3

What is 615 Balestier Road zoned as?

Key takeaway615 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 615 Balestier Road sold for?

Key takeaway2 transactions are on record since 1995, most recently in Jul 2020 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Jul 2020Shop HouseS$900k1,534 sqft$587
Aug 2003Shop HouseS$464k1,534 sqft$303

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 615 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 615 Balestier Road?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 655 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Hotel · 46 mRxemedium@Balestier Medical Centre · 52 mEducational Institution · 66 mBef Jln Dusun · 80 mNovena Rise Pk · 185 mThomson Medical Centre · 205 mPlace Of Worship · 340 mNovena MRT Exit A · 595 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 · 391 mSquare 2 · 632 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at 615 Balestier Road?

Key takeawayACRA records 3 live company registrations at this address, 2 of them in the last three years.
Live registrations
3
Registered last 3 years
2
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 615 Balestier Road

Where is 615 Balestier Road?

615 Balestier Road is at 615 Balestier Road, Singapore 329910, in the Novena planning area.

What is 615 Balestier Road zoned as?

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

Is 615 Balestier Road a conserved property?

Yes. 615 Balestier Road falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at 615 Balestier Road sold for?

Across 2 recorded transactions, the median price is S$445 psf. The latest was in July 2020.

What is the nearest MRT station to 615 Balestier Road?

Novena MRT is the closest, 655 m away (about a 10-minute walk).

How many businesses are registered at 615 Balestier Road?

3 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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