CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Balestier 288

Reviewed by Nathan TangUpdated 8 November 2026Data through Mar 2011

Quick Summary

Balestier 288 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. 4 transactions are on record since 1995, most recently in Mar 2011. ACRA records 5 live company registrations at this address.

The facts are here — now get the verdict on Balestier 288.

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What are the key facts about Balestier 288?

Key takeawayBalestier 288 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: 288 Balestier Road
Land area: 505 sqm
Completed: Not on record
Storeys: 9 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 14
Managing agent: ACE DECISION FACILITIES MANAGEMENT PTE LTD
Strata formed: 2004 (MCST 2865)
Submarket: City Fringe
Units with a recorded sale: At least 3
Transactions on record: 4 (records start 1995)
Live listings: None
ACRA registrations: 5

About Balestier 288

Balestier 288 is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329731.

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 505 sqm of land with about 1,516 sqm of gross floor area.

4 transactions have been recorded here, at a median of S$749 psf. The most recent was in March 2011.

8 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT Exit A, 960 m away (about a 15-minute walk). The closest bus stop (Opp Balestier Pt) is 30 m away (about a 0-minute walk).

What is Balestier 288 zoned as?

Key takeawayBalestier 288 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

BCA-verified envelope: allowable GFA 1,515 sqm · built 2,002 sqm · headroom -487 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

What has Balestier 288 sold for?

Key takeaway4 transactions are on record since 1995, most recently in Mar 2011 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Mar 2011	Retail	S$3.80M	4,004 sqft	$949
Jun 2004	Retail	S$818k	1,851 sqft	$442
Apr 2004	Retail	S$2.20M	4,004 sqft	$549
Dec 2003	Retail	S$1.28M	1,281 sqft	$1,000

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

What does space at Balestier 288 rent for?

Key takeawayNo rent is published for Balestier 288 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).

Market context around Balestier 288

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.

What's been approved at Balestier 288?

Key takeawayURA has approved 4 changes of use at Balestier 288 since 2000, most recently in 2014. 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.

28 Aug 2017RenewedFloor 1
Continued use as gym
Continued use of shop unit #01-XX as gym
14 Oct 2014ApprovedFloor 1
Change of use to gym
Proposed change of use of shop unit #01-XX to gym on lot 09102w mk17 at 288 balestier road (novena planning area)
15 Apr 2014ApprovedFloor 1
Change of use to health centre
Proposed change of use of unit #01-XX to health centre on lot 09102w pt mk17 at 288 balestier road (novena planning area)
11 May 2010RenewedFloor 1
Continued use as veterinary clinic
Continued use of the unit #01-XX shop on the 1st & 2nd storeys as veterinary clinic
22 May 2007RenewedFloor 1
Continued use as veterinary clinic
Continued use of the unit #01-XX shop on the 1st & 2nd storeys as veterinary clinic
30 Mar 2005ApprovedFloor 1
Additions & alterations
Proposed additions & alterations to existing veterinary clinic on 1st & 2nd storey unit #01-XX
20 May 2004ApprovedFloor 1
Change of use to veterinary clinic
Change of use of premises unit #01-XX shop on the 1st & 2nd storeys to veterinary clinic
20 Feb 2004ApprovedFloor 1
Change of use: shop → finance office
Proposed change of use of premises unit #01-XX from shop to finance office

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).

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)

Street median PSF (strata)

$2,070

Street figures cover strata deals only — land and strata PSF are not comparable.

What do commercial rents run near Balestier 288?

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 band	25th pct	Median	75th 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.

What is near Balestier 288?

Amenities nearby

Opp Balestier Pt · 30 mHotel · 45 mChua Clinic · 48 mPlace Of Worship · 104 mEducational Institution · 417 mWhampoa Community Club · 531 mTan Tock Seng Hospital · 655 mKallang Polyclinic · 954 mNovena MRT Exit A · 960 m

Competing premises nearby

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

Semper Fidelis Fine Foods Private Limited · 103 mBlks 91/92 Whampoa Drive # · 147 mSquare 2 · 995 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Balestier 288

Key takeawayThe nearest station is Novena (NS20), 960 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 20 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 32% of retail buildings

nearest MRT/LRT Novena (NS20) 960 m, about 85,000 taps a weekday; bus stops within 400 m: 8, about 24,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 56,000 residents within 1 km (June 2026); 1 other mall 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)960 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 Balestier 288. Transfers between lines don't tap, so interchanges read low.

Bus

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

Public car parks within 500 m

Blk 92 Whampoa Drive (HDB)80 m
S$0.60 per half-hour at midday on a weekday · 131 car lots
Kim Keat Close (URA)98 m
S$0.60 per half-hour at midday on a weekday · season S$90/month · 22 car lots
Balestier Rd (URA)154 m
S$0.60 per half-hour at midday on a weekday · 5 car lots
Blk 90 Whampoa Drive (HDB)188 m
S$0.60 per half-hour at midday on a weekday · 59 car lots
Martaban Rd (URA)213 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.

Public car parks only, by straight-line distance, with the operator's published rates. Balestier 288's own car park, if it has one, and its charges are not in the open data.

Who's registered at Balestier 288?

Key takeaway5 live companies (and LLPs and branches; sole proprietors are not counted) list Balestier 288 as their registered address. These are registered businesses, not who occupies the space.

Arts, entertainment and recreation
2
Professional, scientific and technical services
1
Other services
1
Real estate
1
Manufacturing
0
Wholesale and retail trade
0
Information and communications
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.

What is Balestier 288's BCA building profile?

BCA building type: Retail
Green Mark: NA (NA)
Energy use intensity: 133 kWh/m²·yr

Frequently asked questions about Balestier 288

Where is Balestier 288?⌄

Balestier 288 is at 288 Balestier Road, Singapore 329731, in the Novena planning area.

What is Balestier 288 zoned as?⌄

Balestier 288 sits on land zoned commercial & residential under the URA Master Plan, with a gross plot ratio of 3.

What is the tenure of Balestier 288?⌄

Balestier 288 is freehold.

Is Balestier 288 a conserved property?⌄

Yes. Balestier 288 falls within a URA conservation area, so external works are subject to conservation guidelines.

What have units at Balestier 288 sold for?⌄

Across 4 recorded transactions, the median price is S$749 psf. The latest was in March 2011.

What is the nearest MRT station to Balestier 288?⌄

Novena MRT Exit A is the closest, 960 m away (about a 15-minute walk).

How many businesses are registered at Balestier 288?⌄

8 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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This development is also registered as the residential project Balestier 288.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

Managing agent: as BCA's MCST register names it; it can change between register updates.

Submarket: PropKaki's own map from URA's planning subzones (CBD core, City Hall / Bugis, Orchard, city fringe, regional centres, suburban). Brokers draw these lines differently.

Changes of use: URA planning approvals recorded at this building since 2000 (any unit; renewals of a temporary permission not counted). History only — Past approvals are not today's approved use; check with URA's approved-use enquiry before signing. Never say a use is allowed, permitted or approved for a unit, and never say a use would be approved.

Station taps: average weekday fare-card taps in and out at the nearest MRT/LRT station (LTA DataMall). People passing the station's gates, not people visiting this building.

Season parking: the cheapest URA car season rate (commercial ticket) at a public car park within 500 m, per month. HDB's season rates depend on a zone we don't have, so they are shown as HDB's tiers.

Foot-traffic score: PropKaki's relative score from nearby MRT and bus taps, workers and residents around (and, for retail, competing malls), ranked against buildings of the same kind. A percentile, not a count of people.

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.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

Reviewed by Nathan Tang

Nathan Tang has over 10 years of property experience across condominiums, HDB flats and commercial property, specialising in property research and finance.

Figures draw on URA and JTC records, URA Master Plan zoning, ACRA registrations and live commercial-portal listings; building facts from BCA's MCST register, PropKaki's submarket map, URA planning decisions, HDB car park information (data.gov.sg), URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 8 November 2026. For general information, not financial advice.

Getting there and parking: LTA DataMall passenger volumes and car parks, URA Data Service car park rates, HDB and JTC car park information (data.gov.sg) and HDB's published parking charges, Census of Population 2020 and the Singapore Department of Statistics' June 2026 resident population (Singapore Open Data Licence). The foot-traffic score is PropKaki's own relative model, not a count.

Market context: figures cited from CBRE Research (Singapore Figures) and Cushman & Wakefield (Singapore MarketBeat), each with its quarter and report; flexible-workspace centres from the operators' public location lists; collective sales from marketing agents' announcements and news reports, each linked.

Rents: URA rental statistics for office and retail space by street (IRAS-stamped contracts), JTC J-SPACE rentals by building and by street, JTC price tenders, and URA REALIS rental grids. SLA tender results and JTC posted land rents are held for state and JTC land.