CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Ascent @ 456

Reviewed by Nathan TangUpdated 8 November 2026Data through Sept 2025
Quick Summary

Ascent @ 456 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. 10 transactions are on record since 1995, at a median S$2,718 psf, most recently in Sept 2025. 23 units are currently listed for sale or rent. ACRA records 21 live company registrations at this address.

1

What are the key facts about Ascent @ 456?

Key takeawayAscent @ 456 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
456 Balestier Road
Land area
996 sqm
Completed
2017 (per CommercialGuru)
Storeys
12 (© OpenStreetMap contributors)
Developer
Quest Homes Pte Ltd (per CommercialGuru)
Total units (CommercialGuru's count)
19
Strata lots (whole development, MCST)
45
Managing agent
OCEAN IFM PTE. LTD.
Strata formed
2018 (MCST 4577)
Submarket
City Fringe
Units with a recorded sale
At least 9
Transactions on record
10 (records start 1995)
Live listings
23
ACRA registrations
21
2

What are the specs at Ascent @ 456?

Key takeawayThe building's specs as its sources state them — the listing agent or the management can confirm a unit's own.
Facilities
car park
Source: CommercialGuru
3

Are there floor plans for Ascent @ 456?

Key takeawayWe hold the developer's sales-brochure floor plans for Ascent @ 456 — 3 plans, linked to 7 of the 9 units with a recorded sale. Ask PropKaki for the plan of a unit or a size. As designed at launch; units may have been altered.

Plans we hold

  • Basement 1
  • 1st Storey
  • 2nd Storey
Units with a plan
7 · 269 sq ft – 635 sq ft (recorded sales)

Source: developer's sales brochure.

4

About Ascent @ 456

Ascent @ 456 is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329832.

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. It occupies roughly 996 sqm of land with about 2,987 sqm of gross floor area.

10 transactions have been recorded here, at a median of S$2,718 psf. The most recent was in September 2025.

20 businesses are currently registered at this address with ACRA.

The nearest MRT is Toa Payoh MRT, 680 m away (about a 11-minute walk). The closest bus stop (Opp Public Mansion) is 59 m away (about a 1-minute walk).

5

What is Ascent @ 456 zoned as?

Key takeawayAscent @ 456 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 →

6

What has Ascent @ 456 sold for?

Key takeawayAcross 10 recorded transactions since 1995, the median price is about S$1.17M, most recently in Sept 2025.
DateUsePriceAreaPSF
Sept 2025RetailS$1.24M441 sqft$2,801
Jul 2025RetailS$1.10M409 sqft$2,689
May 2025RetailS$1.15M420 sqft$2,747
Apr 2025OfficeS$838k269 sqft$3,114
Apr 2025RetailS$2.24M904 sqft$2,480
Apr 2025RetailS$1.56M549 sqft$2,838
Mar 2025OfficeS$1.20M452 sqft$2,643
Nov 2024OfficeS$988k377 sqft$2,622
Apr 2014RetailS$2.30M635 sqft$3,622
Jul 2001Shop HouseS$1.10M1,378 sqft$798

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

7

What does space at Ascent @ 456 rent for?

Key takeawayNo rent is published for Ascent @ 456 itself. On its street, Balestier Road, office space rented at a median of $4.98 psf a month in 2026Q3, with the middle half of leases between $4.86 and $5.81. That is not this building's own rent, and never a quote for a particular unit.

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 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).

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).

8

Market context around Ascent @ 456

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.

9

How fast units move at Ascent @ 456

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 9 units for rent; 14 units 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, 2 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.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

10

What's been approved at Ascent @ 456?

Key takeawayURA has approved 7 changes of use at Ascent @ 456 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. 25 Jan 2024ApprovedFloor 2
    Change of use to commercial school

    Proposed change of use of unit #02-XX of ascent @ 456 to commercial school

  2. 18 Aug 2023ApprovedFloor 2
    Change of use: pet shop → commercial school

    Proposed change of use of unit #02-XX of ascent @ 456 from pet shop to commercial school

  3. 29 Jul 2021ApprovedFloor 1
    Change of use to dining area and ancillary office as an expansion

    Proposed change of use of unit #01-XX to dining area and ancillary office as an expansion of existing restaurant at unit #01-XX

  4. 16 Mar 2021RenewedFloor 1
    Continued use as restaurant

    Continued use of shop unit #01-XX as restaurant (as an expansion to restaurant unit #01-XX) - ascent @ balestier (novena planning area)

  5. 29 Jul 2019ApprovedFloor 2
    Change of use to pet shop

    Proposed change of use of unit #02-XX to pet shop (sale of pets & pet accessories) on lot 10821m mk17 at 456 balestier road - ascent @ balestier (novena planning area)

  6. 13 Mar 2019ApprovedFloor 1
    Change of use to restaurant

    Proposed change of use of shop unit #01-XX to restaurant (as an expansion to restaurant unit #01-XX) on lot 10821m mk17 at 456 balestier road - ascent @ balestier (novena planning area)

  7. 28 Aug 2006Approved
    Change of use to motorcycle showroom

    Propose change of use of the 1st storey showroom for new and used cars to motorcycle showroom

  8. 29 Jun 2002Approved
    Change of use: office → showroom for new and used cars

    Retention of use of the 1st storey premises from office to showroom for new and used cars - 456 balestier road

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).

11

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.

12

What do commercial rents run near Ascent @ 456?

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.

13

What is available at Ascent @ 456 right now?

Key takeaway23 units are currently listed at Ascent @ 456 — 14 for sale and 9 for rent. One row per unit; several agents often market the same unit.

For sale (14)

  • Ascent @ 456S$2.96M · 807 sqft
  • Ascent @ 456S$3.32M · 969 sqft
  • Ascent @ 45616 agentsS$1.49M · 538 sqft
  • Ascent @ 4568 agentsS$3.39M · 969 sqft

For rent (9)

  • Ascent @ 456S$3k/mo · 269 sqft
  • Ascent @ 456S$4k/mo · 420 sqft
  • Ascent @ 456S$3k/mo · 420 sqft
  • Ascent @ 456S$4k/mo · 441 sqft

Browse every listing at this building →

14

What is near Ascent @ 456?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 680 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Opp Public Mansion · 59 mPlace Of Worship · 76 mHotel · 85 mCarelink Family Clinic · 100 mEducational Institution · 336 mToa Payoh Town Pk · 447 mRen Ci Community Hospital · 489 mToa Payoh MRT Exit B · 644 mToa Payoh Central Community Club · 919 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 · 214 mBlks 91/92 Whampoa Drive # · 724 mSquare 2 · 802 m

Straight-line distances. Source: PropKaki amenities data.

15

Getting there and parking at Ascent @ 456

Key takeawayThe nearest station is Toa Payoh (NS19), 645 m away — a busy station, with about 76,000 taps in and out on an average weekday. 14 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.
Foot traffic: busier than 41% of retail buildings

nearest MRT/LRT Toa Payoh (NS19) 645 m, about 76,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 9, about 15,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 57,000 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

  • Toa Payoh (NS19)645 m · about 76,000 weekday taps
  • Novena (NS20)753 m · about 85,000 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 Ascent @ 456. Transfers between lines don't tap, so interchanges read low.

Bus

9 bus stops within 400 m, with about 15,000 boardings and alightings on an average weekday.

Public car parks within 500 m

  • Jln Rama Rama (URA)84 m
    S$0.60 per half-hour at midday on a weekday · 10 car lots
  • Boon Teck Rd (URA)135 m
    S$0.60 per half-hour at midday on a weekday · 6 car lots
  • Minbu Rd Off St (URA)164 m
    S$0.60 per half-hour at midday on a weekday · 111 car lots
  • Prome Rd (URA)186 m
    S$0.60 per half-hour at midday on a weekday · 2 car lots
  • Shan Rd (URA)240 m
    S$0.60 per half-hour at midday on a weekday · 11 car lots

Public car parks only, by straight-line distance, with the operator's published rates. Ascent @ 456's own car park, if it has one, and its charges are not in the open data.

16

Who's registered at Ascent @ 456?

Key takeaway21 live companies (and LLPs and branches; sole proprietors are not counted) list Ascent @ 456 as their registered address. These are registered businesses, not who occupies the space.
  • Financial and insurance
    7
  • Wholesale and retail trade
    3
  • Construction
    3
  • Professional, scientific and technical services
    2
  • Education
    2
  • Accommodation and food services
    1
  • Real estate
    1
  • Other services
    1
  • Information and communications
    1
  • 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. Homes share this postal code, so some registrations are home-based. ACRA, as of 2026-09-16.

17

Frequently asked questions about Ascent @ 456

Where is Ascent @ 456?⌄

Ascent @ 456 is at 456 Balestier Road, Singapore 329832, in the Novena planning area.

What is Ascent @ 456 zoned as?⌄

Ascent @ 456 sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Ascent @ 456?⌄

Ascent @ 456 is freehold.

Is Ascent @ 456 a conserved property?⌄

Yes. Ascent @ 456 falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Ascent @ 456 sold for?⌄

Across 10 recorded transactions, the median price is S$2,718 psf. The latest was in September 2025.

What is the nearest MRT station to Ascent @ 456?⌄

Toa Payoh MRT is the closest, 680 m away (about a 11-minute walk).

How many businesses are registered at Ascent @ 456?⌄

20 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on Ascent @ 456.

Ask what a unit here would fetch, what the zone allows, or how it compares.

PropKaki
Tell me about Ascent @ 456 — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

Ask anything about Singapore property…

This development is also registered as the residential project Ascent @ 456.