CommercialCOMMERCIAL & RESIDENTIALDistrict 12 · Novena

Balestier Hill Shopping Centre

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

Balestier Hill Shopping Centre 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 units are currently listed for rent. ACRA records 508 live company registrations at this address.

1

What are the key facts about Balestier Hill Shopping Centre?

Key takeawayBalestier Hill Shopping Centre 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
2 Balestier Road
Land area
17,792 sqm
Transactions on record
None recorded
Live listings
2
ACRA registrations
508

No recorded transactions — this building has never generated a strata caveat (typically single-owner or lease-only stock). That is not missing data, and it says nothing about the building's value, occupancy or availability.

2

About Balestier Hill Shopping Centre

Balestier Hill Shopping Centre is a commercial building in Novena (District 12). It is located along Thomson Road, Singapore 320002.

Under the URA Master Plan it sits on land zoned commercial & residential with a gross plot ratio of 3.

It occupies roughly 17,792 sqm of land with about 53,376 sqm of gross floor area.

508 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 504 m away (about a 8-minute walk). The closest bus stop (Opp Thomson Med Ctr) is 68 m away (about a 1-minute walk). Square 2 is 493 m away (about a 8-minute walk).

3

What is Balestier Hill Shopping Centre zoned as?

Key takeawayBalestier Hill Shopping Centre sits on land zoned COMMERCIAL & RESIDENTIAL with a gross plot ratio of 3.0.
Land-use zone
COMMERCIAL & RESIDENTIAL
Gross plot ratio
3.0

Run the full zoning report for this building →

4

How does Thomson Road price?

Strata sales on the street (5y)
9

Too few strata sales on this street to support a median — the count is shown without one.

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

5

What do commercial rents run near Balestier Hill Shopping Centre?

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.

6

What is available at Balestier Hill Shopping Centre right now?

Key takeaway2 units are currently listed at Balestier Hill Shopping Centre. One row per unit; several agents often market the same unit.

For rent (2)

  • Balestier Hill Shopping CentreS$1k/mo · 130 sqft
  • Balestier Hill Shopping CentreS$1k/mo · 300 sqft

Browse every listing at this building →

7

What is near Balestier Hill Shopping Centre?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 504 m away.

Getting around

Amenities nearby

Opp Thomson Med Ctr · 68 mNovena Rise Pk · 77 mOoi Clinic · 78 mEducational Institution · 94 mThomson Medical Centre · 110 mHotel · 224 mPlace Of Worship · 283 mCold Storage Singapore (1983) Pte Ltd · 396 mNovena MRT Exit A · 467 mSquare 2 · 493 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Balestier Hill Shopping Centre?

Key takeawayACRA records 508 live company registrations at this address, 99 of them in the last three years.
Live registrations
508
Registered last 3 years
99
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 Balestier Hill Shopping Centre

Where is Balestier Hill Shopping Centre?

Balestier Hill Shopping Centre is at 2 Balestier Road, Singapore 320002, in the Novena planning area.

What is Balestier Hill Shopping Centre zoned as?

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

Have there been any recorded transactions at Balestier Hill Shopping Centre?

No caveats have been lodged for Balestier Hill Shopping Centre in the URA records we track. That is common for buildings held by a single owner, which never generate strata transactions.

What is the nearest MRT station to Balestier Hill Shopping Centre?

Novena MRT is the closest, 504 m away (about a 8-minute walk).

How many businesses are registered at Balestier Hill Shopping Centre?

508 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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