Commercial439 buildingsNovena · Kallang · Toa Payoh

Commercial buildings in District 12

Reviewed by Nathan TangUpdated 10 August 2026
Quick Summary

PropKaki tracks 439 commercial buildings in District 12. Most sit on COMMERCIAL & RESIDENTIAL land, with RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY next. Across 121 recorded transactions in the last 5 years, the median price is about S$1.35M (S$2,137 psf). 315 units are listed for sale and 434 for rent.

1

Which commercial buildings are in District 12?

Key Takeaway

439 buildings are tracked in District 12 — the 60 most transacted are listed here.

Showing 30 of 60 tracked buildings.

2

What do commercial properties in District 12 sell for?

Key Takeaway

In the last 12 months, 15 transactions in District 12 closed at a median of about S$977k (S$1,697 psf); over five years the median is S$1.35M across 121 deals.

Transactions (12m)

15

URA/JTC records

Transactions (5y)

121

URA/JTC records

Median price (12m)

S$977k

recent deals

Median PSF (12m)

S$1,697 psf

strata & land mix

Use typeTransactionsMedian PSF
Retail57S$2,689 psf
Office40S$1,715 psf
Shop House24S$2,398 psf
3

What is for sale or rent in District 12?

Key Takeaway

315 units are listed for sale and 434 for rent in District 12, one row per unit.

For sale

315

deduplicated units

For rent

434

deduplicated units

Browse rentals in District 12 · Browse sales →

4

What are the most recent commercial deals in District 12?

Key Takeaway

The latest recorded deal in District 12 closed in Jun 2026 at S$8.50M (N.a.).

DatePropertyUsePricePSF
Jun 2026N.a.Shop HouseS$8.50M$3,841
Jun 2026Pek Chuan BuildingOfficeS$715k$1,107
Jun 2026OkioRetailS$4.88M$2,070
Apr 2026The MezzoOfficeS$1.15M$1,943
Apr 2026The MezzoOfficeS$1.12M$1,679
Apr 2026Pek Chuan BuildingOfficeS$1.43M$1,089
Apr 2026Pek Chuan BuildingOfficeS$715k$1,107
Apr 2026Balestier PlazaRetailS$880k$2,271

The latest recorded URA/JTC deals in District 12. Strata and land deals mix in one list — their PSF is not comparable.

5

What do retail rents run in District 12?

Key Takeaway

URA's contracted-rent percentiles for District 12 (2026Q2) — the benchmark an asking rent in District 12 should be weighed against.

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

$ psm/month, URA REALIS rental contracts. District 12is where most of this area's recent deals sit — a district benchmark, not a rent for any particular unit. Retail only; office rents are dimensioned by URA location, not district.

6

What is commercial land in District 12 zoned as?

Key Takeaway

Most tracked buildings in District 12 sit on COMMERCIAL & RESIDENTIAL land, followed by RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY (URA Master Plan).

COMMERCIAL & RESIDENTIAL · 31RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY · 19RESIDENTIAL · 3COMMERCIAL · 2BUSINESS 1 - WHITE · 1WHITE · 1HOTEL · 1
7

Frequently asked questions

Which commercial buildings are in District 12?

PropKaki tracks 439 commercial buildings in District 12, across Novena, Kallang, Toa Payoh, including One Dusun Residences, Balestier Point, The Mezzo, Ct Hub 2, Royal Square At Novena.

What do commercial properties in District 12 sell for?

Across 121 recorded transactions in the last 5 years, the median price in District 12 is about S$1.35M (S$2,137 psf). Strata and land deals are not directly comparable, so treat the median as context rather than a valuation.

What is commercial land in District 12 zoned as?

Of the tracked buildings in District 12, 31 sit on COMMERCIAL & RESIDENTIAL land, 19 sit on RESIDENTIAL WITH COMMERCIAL AT 1ST STOREY land, 3 sit on RESIDENTIAL land, 2 sit on COMMERCIAL land under the URA Master Plan.

For agents · in the PropKaki app

Found the unit? Now check the asking price against the evidence.

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Is $6.50 psf a fair monthly rent for a B1 factory unit in Ubi?

Ubi B1 asking rents cluster around the low-$2s psf for standard units — $6.50 would be at the very top of the range, so check what the unit offers.

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