CommercialCOMMERCIAL & RESIDENTIALFreeholdDistrict 12 · Novena

Balestier Towers

Reviewed by Nathan TangUpdated 8 November 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, at a median S$2,115 psf, most recently in Jul 2013. ACRA records 6 live company registrations at this address.

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

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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
Completed: Not on record
Storeys: Not on record
Submarket: City Fringe
Units with a recorded sale: At least 14
Transactions on record: 25 (records start 1995)
Live listings: None
ACRA registrations: 6

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).

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 →

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.

Date	Use	Price	Area	PSF
Jul 2013	Retail	S$6.30M	1,539 sqft	$4,093
Jul 2013	Retail	S$792k	215 sqft	$3,679
Jul 2013	Retail	S$2.00M	538 sqft	$3,716
Jul 2013	Retail	S$3.00M	915 sqft	$3,279
Jul 2013	Retail	S$1.67M	538 sqft	$3,109
Jul 2013	Retail	S$5.66M	1,410 sqft	$4,014
Jul 2013	Retail	S$1.40M	409 sqft	$3,423
Jul 2013	Retail	S$1.30M	409 sqft	$3,178
Jul 2013	Retail	S$1.35M	409 sqft	$3,300
Jul 2013	Office	S$1.70M	538 sqft	$3,159

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 Towers rent for?

Key takeawayNo rent is published for Balestier Towers 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 Towers

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 Towers?

Key takeawayURA has approved 14 changes of use at Balestier Towers since 2000, most recently in 2025, and refused 1. 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.

17 Oct 2025Agency worksFloor 2
Change of use to commercial school
Lodgment for proposed use of unit #02-XX as commercial school
21 May 2025ApprovedFloor 1
Change of use to shop
Proposed change of use of part of unit #01-XX to shop and proposed change of use of units #01-XX, #01-XX and part of unit #01-XX to gym / fitness centre at bt centre
26 Jun 2023ApprovedFloor 1
Change of use to shop with ancillary dine-in
Proposed change of use of units #01-XX and #01-XX to shop with ancillary dine-in
19 Apr 2022ApprovedFloors 2, 3
Change of use to extension
Proposed change of use of unit #02-XX as an extension of existing childcare centre at units #02-XX, #03-XX, #03-XX, #03-XX and #03-XX
7 Apr 2022ApprovedFloor 1
Change of use to gym and office
Proposed change of use of units #01-XX, #01-XX and #01-XX to gym and office
2 Sept 2021ApprovedFloor 1
Change of use to office
Proposed change of use of shop units #01-XX and #01-XX to office
6 May 2021Agency worksFloor 1
Change of use to restaurant
Lodgment for proposed use of units #01-XX, #01-XX & #01-XX as restaurant
3 May 2021ApprovedFloor 1
Change of use to sports & recreation use
Proposed change of use of units #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX, #01-XX and #01-XX to sports & recreation use (indoor swimming school)
4 Dec 2020Agency worksFloor 2
Change of use to commercial school
Lodgment for proposed use of unit #02-XX and #02-XX as commercial school
6 Aug 2019ApprovedFloors 2, 3
Change of use to childcare centre
Proposed change of use of shop units #02-XX and #03-XX to childcare centre
2 Oct 2015ApprovedFloor 3
Change of use to commercial school
Proposed change of use of unit #03-XX to commercial school on lot 00690c ts29 at 207 balestier road - balestier towers (novena planning area)
13 Aug 2015RefusedFloor 2
Change of use to backpacker's hostel
Proposed change of use of unit #02-XX to backpacker's hostel on lot 00690c ts29 at 207 balestier road (novena planning area)

4 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 Towers?

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 Towers?

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

Getting around

Novena MRT971 m · ~15 min

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.

Getting there and parking at Balestier Towers

Key takeawayThe nearest station is Farrer Park (NE8), 863 m away — a busy station, with about 57,000 taps in and out on an average weekday. 16 public car parks are within 500 m; the cheapest URA season parking nearby is S$80 a month.

Foot traffic: busier than 31% of retail buildings

nearest MRT/LRT Farrer Park (NE8) 863 m, about 57,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 5, about 14,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 52,000 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

Farrer Park (NE8)863 m · about 57,000 weekday taps
Novena (NS20)907 m · about 85,000 weekday taps
Boon Keng (NE9)970 m · about 51,000 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 Towers. Transfers between lines don't tap, so interchanges read low.

Bus

5 bus stops within 400 m, with about 14,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Blk 104 Whampoa Drive (HDB)81 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 79 car lots
Balestier Rd (URA)103 m
S$0.60 per half-hour at midday on a weekday · 5 car lots
Blk 98A Whampoa Drive (HDB)243 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 402 car lots
Blk 92 Whampoa Drive (HDB)254 m
S$0.60 per half-hour at midday on a weekday · 131 car lots
Blk 69 Moulmein Road (HDB)300 m
S$0.60 per half-hour at midday on a weekday · 50 car lots

HDB season (car): Tier 1 $110/month (a resident's or registered HDB shop/industrial tenant's first car); Tier 2 (other cars, non-residents) $120 Rest of Island, $170 Designated Area, $190 Restricted Zone (sheltered: multi-storey, basement, deck). Industrial-park multi-storey car parks: $110 / $120. 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 Towers's own car park, if it has one, and its charges are not in the open data.

Who's registered at Balestier Towers?

Key takeaway6 live companies (and LLPs and branches; sole proprietors are not counted) list Balestier Towers as their registered address. These are registered businesses, not who occupies the space.

Education
4
Professional, scientific and technical services
1
Arts, entertainment and recreation
1
Wholesale and retail trade
0
Financial and insurance
0
Construction
0
Manufacturing
0
Administrative and support services
0
Accommodation and food services
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.

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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Read the figures right

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

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.

Approved for a new building: the year URA approved the latest new erection or redevelopment here. An APPROVAL year, not a completion year — never state it as the building's age.

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 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 — 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.