CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Balestier 288

Reviewed by Nathan TangUpdated 10 August 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 8 live company registrations at this address.

1

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
Transactions on record
4 (records start 1995)
Live listings
None
ACRA registrations
8
2

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).

3

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 →

4

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.
DateUsePriceAreaPSF
Mar 2011RetailS$3.80M4,004 sqft$949
Jun 2004RetailS$818k1,851 sqft$442
Apr 2004RetailS$2.20M4,004 sqft$549
Dec 2003RetailS$1.28M1,281 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.

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 Balestier 288?

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 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.

8

How many companies are registered at Balestier 288?

Key takeawayACRA records 8 live company registrations at this address.
Live registrations
8
Registered last 3 years
0
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

What is Balestier 288's BCA building profile?

BCA building type
Retail
Green Mark
NA (NA)
Energy use intensity
133 kWh/m²·yr
10

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.

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