CommercialCOMMERCIAL & RESIDENTIALConservationDistrict 12 · Novena

Crescent Building

Reviewed by Nathan TangUpdated 10 November 2026
Quick Summary

Crescent Building 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. ACRA records 0 live company registrations at this address.

1

What are the key facts about Crescent Building?

Key takeawayCrescent Building 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
—
Land area
407 sqm
Completed
Not on record
Storeys
Not on record
Transactions on record
None recorded
Live listings
None
ACRA registrations
0

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 Crescent Building

Crescent Building is a mixed-use building in Novena (District 12). It is located along Balestier Road.

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.

It occupies roughly 407 sqm of land with about 1,701 sqm of gross floor area.

The nearest MRT is Novena MRT, 972 m away (about a 15-minute walk). The closest bus stop (Aft Pegu Rd) is 42 m away (about a 1-minute walk). Square 2 is 926 m away (about a 14-minute walk).

3

What is Crescent Building zoned as?

Key takeawayCrescent Building 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

Run the full zoning report for this building →

4

What does space at Crescent Building rent for?

Key takeawayNo rent is published for Crescent Building itself. On its street, Balestier Road, retail space rented at a median of $5.76 psf a month in 2026Q3, with the middle half of leases between $5.00 and $7.48. That is not this building's own rent, and never a quote for a particular unit.

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).

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 — 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).

5

Market context around Crescent Building

Key takeawayBrokers' retail figures for Singapore as a whole — 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 (island-wide)
  • Singapore total: Rent S$30.38 psf/mth · Vacancy 6.3% (1Q 2026) · Planned / under construction 2.38m 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.

6

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)
45
Street median PSF (strata)
$2,070

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

7

What do commercial rents run near Crescent Building?

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 band25th pctMedian75th 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.

8

What is near Crescent Building?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 972 m away.

Getting around

Amenities nearby

Place Of Worship · 40 mAft Pegu Rd · 42 mHotel · 72 mParkwayHealth Primary Care Network · 157 mNTUC Fairprice Co-operative Ltd · 195 mBlks 91/92 Whampoa Drive # · 241 mEducational Institution · 365 mWhampoa Community Club · 601 mTan Tock Seng Hospital · 633 mNovena MRT Exit A · 887 m

Straight-line distances. Source: PropKaki amenities data.

9

Getting there and parking at Crescent Building

Key takeawayThe nearest station is Novena (NS20), 888 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) 888 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 56,000 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)888 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 Crescent Building. 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)94 m
    S$0.60 per half-hour at midday on a weekday · 16 car lots
  • Balestier Road Area (URA)147 m
    season S$90/month
  • Kim Keat Close (URA)149 m
    S$0.60 per half-hour at midday on a weekday · season S$90/month · 22 car lots
  • Blk 92 Whampoa Drive (HDB)197 m
    S$0.60 per half-hour at midday on a weekday · 131 car lots
  • Mandalay Rd (URA)198 m
    S$0.60 per half-hour at midday on a weekday · 8 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. Crescent Building's own car park, if it has one, and its charges are not in the open data.

10

How many companies are registered at Crescent Building?

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

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.

11

Frequently asked questions about Crescent Building

Where is Crescent Building?⌄

Crescent Building is at Balestier Road, in the Novena planning area.

What is Crescent Building zoned as?⌄

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

Is Crescent Building a conserved property?⌄

Yes. Crescent Building falls within a URA conservation area, so external works are subject to conservation guidelines.

Have there been any recorded transactions at Crescent Building?⌄

No caveats have been lodged for Crescent Building 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 Crescent Building?⌄

Novena MRT is the closest, 972 m away (about a 15-minute walk).

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