CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Okio

Reviewed by Nathan TangUpdated 10 November 2026

Quick Summary

Okio 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. ACRA records 31 live company registrations at this address.

The facts are here — now get the verdict on Okio.

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What are the key facts about Okio?

Key takeawayOkio 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: —
Land area: 2,071 sqm
Completed: 2015 (per EdgeProp)
Storeys: 18 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 10
Strata formed: 2016 (MCST 4278)
Submarket: City Fringe
Transactions on record: None recorded
Live listings: None
ACRA registrations: 31

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.

About Okio

Okio is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329714.

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 2,071 sqm of land with about 6,212 sqm of gross floor area.

45 businesses are currently registered at this address with ACRA.

The nearest MRT is Boon Keng MRT, 979 m away (about a 15-minute walk). The closest bus stop (Bef Blk 104) is 80 m away (about a 1-minute walk). Square 2 is 1.0 km away (about a 16-minute walk).

What is Okio zoned as?

Key takeawayOkio 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 →

What does space at Okio rent for?

Key takeawayNo rent is published for Okio 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).

Market context around Okio

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 Okio?

Key takeawayURA has approved 10 changes of use at Okio since 2000, most recently in 2024, and refused 3. 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.

9 Apr 2024ApprovedFloor 1
Change of use to pet shop
Proposed change of use of unit #01-XX (1st & 2nd storey) to pet shop (sale of pets, grooming), pets interaction area and cafe
8 Jun 2023ApprovedFloor 1
Change of use to function hall
Proposed change of use of part unit #01-XX (2nd storey) to function hall
6 Aug 2021RenewedFloor 1
Continued use as pet shop
Continued use of 1st storey unit #01-XX as pet shop (sale of pets and pet grooming) at okio
9 Sept 2019ApprovedFloor 1
Change of use to pet shop
Proposed change of use of 1st storey unit #01-XX to pet shop (sale of pets and pet grooming) at okio
10 Apr 2019ApprovedFloor 3
Change of use to commercial school
Proposed change of use of unit #03-XX to commercial school on lot 05297x mk17 at 262 balestier road – okio (novena planning area)
25 Jul 2018ApprovedFloor 1
Change of use to event space
Proposed change of use of 2nd storey unit #01-XX to event space on lot 05297x mk17 at 262 balestier road – okio (novena planning area)
14 Feb 2017ApprovedFloor 1
Change of use to eye therapy centre
Proposed change of use of 2nd storey unit #01-XX to eye therapy centre on lot 05297x mk17 at 262 balestier road (novena planning area)
23 Jan 2017ApprovedFloor 1
Change of use to fitness centre
Proposed change of use of 2nd storey unit #01-XX to fitness centre on lot 05297x mk17 at 262 balestier road (novena planning area)
23 Nov 2016ApprovedFloor 3
Change of use to commercial school
Proposed change of use of unit #03-XX to commercial school
11 Aug 2015RefusedFloor 1
Change of use to health centre
Proposed change of use of shop unit #01-XX to health centre on lot 05297x mk17 at 262 balestier road (novena planning area)
24 Apr 2015RefusedFloor 1
Change of use to restaurant
Proposed change of use of shop unit #01-XX to restaurant at 262 balestier road (novena planning area)
24 Apr 2015RefusedFloor 1
Change of use to restaurant
Proposed change of use of shop unit #01-XX to restaurant on lot 05297x mk17 at 262 balestier road (novena planning area)

2 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 Okio?

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 Okio?

Key takeawayThe nearest MRT/LRT is Boon Keng MRT, about 979 m away.

Getting around

Boon Keng MRT979 m · ~15 min

Amenities nearby

Semper Fidelis Fine Foods Private Limited · 2 mHeal Medical Centre · 5 mHotel · 54 mPlace Of Worship · 58 mBef Blk 104 · 80 mBlks 91/92 Whampoa Drive # · 172 mEducational Institution · 326 mWhampoa Community Club · 537 mTan Tock Seng Hospital · 647 mKallang Polyclinic · 856 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Okio

Key takeawayThe nearest station is Boon Keng (NE9), 949 m away — a busy station, with about 51,000 taps in and out on an average weekday. 19 public car parks are within 500 m; the cheapest URA season parking nearby is S$90 a month.

Foot traffic: busier than 39% of retail buildings

nearest MRT/LRT Boon Keng (NE9) 949 m, about 51,000 taps a weekday; 2 more stations within 1 km; bus stops within 400 m: 6, about 20,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 55,000 residents within 1 km (June 2026); 0 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

Boon Keng (NE9)949 m · about 51,000 weekday taps
Farrer Park (NE8)971 m · about 57,000 weekday taps
Novena (NS20)989 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 Okio. Transfers between lines don't tap, so interchanges read low.

Bus

6 bus stops within 400 m, with about 20,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Balestier Rd (URA)55 m
S$0.60 per half-hour at midday on a weekday · 5 car lots
Blk 92 Whampoa Drive (HDB)106 m
S$0.60 per half-hour at midday on a weekday · 131 car lots
Blk 104 Whampoa Drive (HDB)151 m
S$0.60 per half-hour at midday on a weekday · gantry 2.15 m · 79 car lots
Blk 98A Whampoa Drive (HDB)173 m
S$0.60 per half-hour at midday on a weekday · gantry 2 m · 402 car lots
Blk 90 Whampoa Drive (HDB)173 m
S$0.60 per half-hour at midday on a weekday · 59 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. Okio's own car park, if it has one, and its charges are not in the open data.

Who's registered at Okio?

Key takeaway31 live companies (and LLPs and branches; sole proprietors are not counted) list Okio as their registered address. These are registered businesses, not who occupies the space.

Real estate
13
Wholesale and retail trade
5
Information and communications
4
Financial and insurance
2
Health and social services
2
Education
2
Construction
1
Accommodation and food services
1
Other services
1
Professional, scientific and technical services
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 Okio

Where is Okio?⌄

Okio is at Balestier Road, Singapore 329714, in the Novena planning area.

What is Okio zoned as?⌄

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

What is the tenure of Okio?⌄

Okio is freehold.

Is Okio a conserved property?⌄

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

Have there been any recorded transactions at Okio?⌄

No caveats have been lodged for Okio 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 Okio?⌄

Boon Keng MRT is the closest, 979 m away (about a 15-minute walk).

How many businesses are registered at Okio?⌄

45 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.

For agents · in the PropKaki app

The facts are here — now get the verdict on Okio.

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Tell me about Okio — recent transactions, zoning and what's listed there.

Here's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.

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This development is also registered as the residential project Okio.

Read the figures right

Completion year: as EdgeProp states it, not checked against an official record. Sales records start in 1995, which says nothing about when a building was built.

Strata lots: the lot count in the development's MCST (BCA's register) — the whole development, homes included where it is mixed; a single-owner mall or tower can be one lot.

Strata formed: the year the MCST was set up (BCA's register). NOT the year the building was completed — an MCST forms after TOP, sometimes years later. Never state it as the building's age.

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.

Storeys: from OpenStreetMap (© OpenStreetMap contributors), volunteer-mapped, not an official record. Shown only because no official or listed floor count is held for this building.

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 EdgeProp, BCA's MCST register, PropKaki's submarket map, URA planning decisions, URA car park data (URA Data Service), LTA DataMall passenger volumes, PropKaki's foot-traffic model, OpenStreetMap (© OpenStreetMap contributors) — see our methodology. Last updated 10 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.