CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Giffard Mansions

Reviewed by Nathan TangUpdated 10 August 2026Data through Jan 2026
Quick Summary

Giffard Mansions 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. 31 transactions are on record since 1995, most recently in Jan 2026. 2 units are currently listed for sale. ACRA records 25 live company registrations at this address.

1

What are the key facts about Giffard Mansions?

Key takeawayGiffard Mansions 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
424 Balestier Road
Land area
908 sqm
Transactions on record
31 (records start 1995)
Live listings
2
ACRA registrations
25
2

About Giffard Mansions

Giffard Mansions is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329810.

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.

The site is freehold. It occupies roughly 908 sqm of land with about 2,725 sqm of gross floor area.

31 transactions have been recorded here, at a median of S$1,133 psf. The most recent was in January 2026.

25 businesses are currently registered at this address with ACRA.

The nearest MRT is Toa Payoh MRT, 737 m away (about a 12-minute walk). The closest bus stop (Bef Balestier Plaza) is 19 m away (about a 0-minute walk).

3

What is Giffard Mansions zoned as?

Key takeawayGiffard Mansions 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 has Giffard Mansions sold for?

Key takeawayAcross 31 recorded transactions since 1995, the median price is about S$540k, most recently in Jan 2026.
DateUsePriceAreaPSF
Jan 2026RetailS$968k570 sqft$1,697
Jan 2026OfficeS$858k506 sqft$1,696
Jun 2024OfficeS$635k355 sqft$1,788
Oct 2023OfficeS$590k291 sqft$2,030
Jan 2023OfficeS$718k506 sqft$1,419
Jul 2022OfficeS$696k506 sqft$1,376
Aug 2021OfficeS$428k291 sqft$1,473
Apr 2021OfficeS$700k570 sqft$1,227
Jul 2019RetailS$2.22M1,023 sqft$2,171
Aug 2017OfficeS$450k355 sqft$1,267

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 Giffard Mansions?

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 available at Giffard Mansions right now?

Key takeaway2 units are currently listed at Giffard Mansions. One row per unit; several agents often market the same unit.

For sale (2)

  • Freehold I Central Location I Immediate Rental IncomeS$850k · 474 sqft
  • Giffard Mansions2 agentsS$850k · 424 sqft

Browse every listing at this building →

8

What is near Giffard Mansions?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 737 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Place Of Worship · 11 mBef Balestier Plaza · 19 mHeal Balestier Clinic · 46 mHotel · 63 mEducational Institution · 401 mRen Ci Community Hospital · 507 mToa Payoh MRT Exit B · 701 mWhampoa Community Club · 913 m

Competing premises nearby

Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.

NTUC Fairprice Co-operative Ltd · 235 mBlks 91/92 Whampoa Drive # · 632 mSquare 2 · 821 m

Straight-line distances. Source: PropKaki amenities data.

9

How many companies are registered at Giffard Mansions?

Key takeawayACRA records 25 live company registrations at this address, 3 of them in the last three years.
Live registrations
25
Registered last 3 years
3
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.

10

Frequently asked questions about Giffard Mansions

Where is Giffard Mansions?

Giffard Mansions is at 424 Balestier Road, Singapore 329810, in the Novena planning area.

What is Giffard Mansions zoned as?

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

What is the tenure of Giffard Mansions?

Giffard Mansions is freehold.

Is Giffard Mansions a conserved property?

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

What have units at Giffard Mansions sold for?

Across 31 recorded transactions, the median price is S$1,133 psf. The latest was in January 2026.

What is the nearest MRT station to Giffard Mansions?

Toa Payoh MRT is the closest, 737 m away (about a 12-minute walk).

How many businesses are registered at Giffard Mansions?

25 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 Giffard Mansions.

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