CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 12 · Novena

Balestier Towers

Reviewed by Nathan TangUpdated 10 August 2026Data through Jul 2013
Quick Summary

Balestier Towers 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. 25 transactions are on record since 1995, most recently in Jul 2013. ACRA records 8 live company registrations at this address.

1

What are the key facts about Balestier Towers?

Key takeawayBalestier Towers 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
207 Balestier Road
Land area
2,786 sqm
Transactions on record
25 (records start 1995)
Live listings
None
ACRA registrations
8
2

About Balestier Towers

Balestier Towers is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329683.

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 2,786 sqm of land with about 8,357 sqm of gross floor area.

25 transactions have been recorded here, at a median of S$2,115 psf. The most recent was in July 2013.

8 businesses are currently registered at this address with ACRA.

The nearest MRT is Novena MRT, 971 m away (about a 15-minute walk). The closest bus stop (Opp Blk 104) is 33 m away (about a 0-minute walk).

3

What is Balestier Towers zoned as?

Key takeawayBalestier Towers 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

What has Balestier Towers sold for?

Key takeawayAcross 25 recorded transactions since 1995, the median price is about S$1.30M, most recently in Jul 2013.
DateUsePriceAreaPSF
Jul 2013RetailS$6.30M1,539 sqft$4,093
Jul 2013RetailS$792k215 sqft$3,679
Jul 2013RetailS$2.00M538 sqft$3,716
Jul 2013RetailS$1.75M527 sqft$3,318
Jul 2013RetailS$1.40M409 sqft$3,423
Jul 2013RetailS$1.30M409 sqft$3,178
Jul 2013OfficeS$1.70M538 sqft$3,159
Jul 2013RetailS$1.35M409 sqft$3,300
Jul 2013RetailS$5.66M1,410 sqft$4,014
Jul 2013RetailS$1.67M538 sqft$3,109

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 Towers?

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 Towers?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 971 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Balestier Clinic & Health Screening Centre · 31 mOpp Blk 104 · 33 mPlace Of Worship · 58 mHotel · 65 mEducational Institution · 303 mTan Tock Seng Hospital · 532 mWhampoa Community Club · 675 mKallang Polyclinic · 833 mFarrer Park MRT Exit B · 863 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 · 148 mBlks 91/92 Whampoa Drive # · 320 mSquare 2 · 932 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Balestier Towers?

Key takeawayACRA records 8 live company registrations at this address, 1 of them in the last three years.
Live registrations
8
Registered last 3 years
1
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 Towers

Where is Balestier Towers?

Balestier Towers is at 207 Balestier Road, Singapore 329683, in the Novena planning area.

What is Balestier Towers zoned as?

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

What is the tenure of Balestier Towers?

Balestier Towers is freehold.

What have units at Balestier Towers sold for?

Across 25 recorded transactions, the median price is S$2,115 psf. The latest was in July 2013.

What is the nearest MRT station to Balestier Towers?

Novena MRT is the closest, 971 m away (about a 15-minute walk).

How many businesses are registered at Balestier Towers?

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 Towers.

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