CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 12 · Novena

Balestier Point

Reviewed by Nathan TangUpdated 8 November 2026Data through Jul 2026

Quick Summary

Balestier Point 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. 71 transactions are on record since 1995, at a median S$1,223 psf, most recently in Jul 2026. 35 units are currently listed for sale or rent. ACRA records 57 live company registrations at this address.

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

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What are the key facts about Balestier Point?

Key takeawayBalestier Point 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: 279 Balestier Road
Land area: 5,790 sqm
Completed: 1988 (per EdgeProp)
Storeys: Not on record
Strata lots (whole development, MCST): 119
Strata formed: 1988 (MCST 1420)
Submarket: City Fringe
Units with a recorded sale: At least 36
Transactions on record: 71 (records start 1995)
Live listings: 35
ACRA registrations: 57

About Balestier Point

Balestier Point is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329727.

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

The site is freehold. It occupies roughly 5,790 sqm of land with about 17,371 sqm of gross floor area.

71 transactions have been recorded here, at a median of S$1,223 psf. The most recent was in July 2026.

82 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 940 m away (about a 15-minute walk). The closest bus stop (Opp Balestier Pt) is 78 m away (about a 1-minute walk).

What is Balestier Point zoned as?

Key takeawayBalestier Point 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 →

What has Balestier Point sold for?

Key takeawayAcross 71 recorded transactions since 1995, the median price is about S$537k, most recently in Jul 2026.

Date	Use	Price	Area	PSF
Jul 2026	Office	S$1.25M	538 sqft	$2,323
Aug 2025	Retail	S$538k	183 sqft	$2,940
May 2025	Retail	S$970k	495 sqft	$1,959
Sept 2024	Retail	S$923k	355 sqft	$2,598
Sept 2024	Retail	S$680k	269 sqft	$2,527
Nov 2022	Retail	S$408k	183 sqft	$2,230
Sept 2022	Retail	S$10.80M	5,608 sqft	$1,926
Oct 2021	Office	S$645k	334 sqft	$1,933
Sept 2017	Office	S$580k	366 sqft	$1,585
Aug 2016	Office	S$600k	291 sqft	$2,064

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 Point rent for?

Key takeawayNo rent is published for Balestier Point 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).

Market context around Balestier Point

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.

How fast units move at Balestier Point

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 10 units for rent; 25 units for sale.

Rent: between 6 Aug 2026 and 28 Aug 2026, 3 new listings appeared and 3 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, 4 new listings appeared and 11 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.

What's been approved at Balestier Point?

Key takeawayURA has approved 22 changes of use at Balestier Point since 2000, most recently in 2025, and refused 10. 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.

16 Sept 2026RenewedFloor 2
Continued use as amusement centre
Continued use of unit #02-XX (balestier point) as amusement centre
24 Sept 2025ApprovedFloor 1
Change of use to gym / fitness centre
Proposed change of use of unit #01-XX to gym / fitness centre
18 Jul 2025Agency worksFloor 2
Change of use to office
Lodgment for proposed use of unit #02-XX as office
17 Jun 2025RefusedFloor 1
Change of use to restaurant and bar with live entertainment
Proposed change of use of unit #01-XX to restaurant and bar with live entertainment on lot 00649k ts 29 at 279 balestier road
8 Apr 2025ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX (balestier point) to restaurant
25 Oct 2024Approved
Change of use to amusement centre
Proposed change of use of unit 02-20 (balestier point) to amusement centre
19 Jan 2024RenewedFloor 2
Continued use as restaurant
Continued use of units #02-XX and #02-XX as restaurant - balestier point
26 May 2023RefusedFloor 1
Change of use to restaurant with live entertainment
Proposed change of use of unit #01-XX to restaurant with live entertainment - balestier point
7 Mar 2023RefusedFloor 2
Change of use to restaurant and bar
Proposed change of use of units #02-XX and #02-XX to restaurant and bar - balestier point
18 May 2022RefusedFloor 1
Change of use to karaoke lounge
Proposed change of use of unit #01-XX to karaoke lounge - balestier point
20 Apr 2022ApprovedFloor 2
Change of use to restaurant
Proposed change of use of units #02-XX and #02-XX to restaurant - balestier point
1 Jul 2021ApprovedFloor 10
Additions & alterations
Proposed addition of covering/canopy over the balcony/open terrace of unit #10-XX at the existing 18-storey commercial/residential development (balestier point)

28 earlier change-of-use and A&A decisions are on record since 2000.

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 Point?

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 available at Balestier Point right now?

Key takeaway35 units are currently listed at Balestier Point — 25 for sale and 10 for rent. One row per unit; several agents often market the same unit.

For sale (25)

Balestier PointS$1.50M · 592 sqft
Balestier PointS$11.95M · 3,983 sqft
279 Balestier Road, 329727S$4.89M · 806 sqft
Balestier PointS$9.00M · 4,898 sqft

For rent (10)

Balestier PointS$12k/mo · 5,425 sqft
Balestier PointS$8k/mo · 1,530 sqft
Balestier Point8 agentsS$17k/mo · 3,261 sqft
⭐️ Groundfloor shophouse in balestier ⭐️S$5k/mo · 782 sqft

Browse every listing at this building →

What is near Balestier Point?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 940 m away — and 3 competing retail premisess operate nearby.

Getting around

Novena MRT940 m · ~15 min

Amenities nearby

Hotel · 75 mOpp Balestier Pt · 78 mPlace Of Worship · 105 mChua Clinic · 114 mEducational Institution · 319 mTan Tock Seng Hospital · 561 mWhampoa Community Club · 629 mNovena MRT Exit A · 862 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 · 151 mBlks 91/92 Whampoa Drive # · 246 mSquare 2 · 896 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Balestier Point

Key takeawayThe nearest station is Novena (NS20), 862 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 23 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 25% of retail buildings

nearest MRT/LRT Novena (NS20) 862 m, about 85,000 taps a weekday; bus stops within 400 m: 7, about 19,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 54,000 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

Novena (NS20)862 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 Point. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with about 19,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Martaban Rd (URA)153 m
S$0.60 per half-hour at midday on a weekday · 16 car lots
Balestier Road Area (URA)162 m
season S$90/month
Blk 92 Whampoa Drive (HDB)178 m
S$0.60 per half-hour at midday on a weekday · 131 car lots
Balestier Rd (URA)180 m
S$0.60 per half-hour at midday on a weekday · 5 car lots
Kim Keat Close (URA)183 m
S$0.60 per half-hour at midday on a weekday · season S$90/month · 22 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 Point's own car park, if it has one, and its charges are not in the open data.

Who's registered at Balestier Point?

Key takeaway57 live companies (and LLPs and branches; sole proprietors are not counted) list Balestier Point as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
19
Administrative and support services
6
Arts, entertainment and recreation
6
Financial and insurance
5
Construction
4
Real estate
4
Accommodation and food services
4
Professional, scientific and technical services
3
Other services
3
Transportation and storage
2

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.

Frequently asked questions about Balestier Point

Where is Balestier Point?⌄

Balestier Point is at 279 Balestier Road, Singapore 329727, in the Novena planning area.

What is Balestier Point zoned as?⌄

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

What is the tenure of Balestier Point?⌄

Balestier Point is freehold.

What have units at Balestier Point sold for?⌄

Across 71 recorded transactions, the median price is S$1,223 psf. The latest was in July 2026.

What is the nearest MRT station to Balestier Point?⌄

Novena MRT is the closest, 940 m away (about a 15-minute walk).

How many businesses are registered at Balestier Point?⌄

82 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 Balestier Point.

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This development is also registered as the residential project Balestier Point.

Read the figures right

Completion year: as EdgeProp states it, not checked against an official record. Sales records start in 1995, which says nothing about when a building was built.

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.

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.

Unbuilt GFA cannot be computed here — it needs BCA built-GFA, which covers about 5% of commercial buildings and no industrial ones. Zoning and plot ratio are on record; headroom is not.

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 EdgeProp, BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model — 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.