CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Spring Mansion

Reviewed by Nathan TangUpdated 10 August 2026Data through Feb 2003
Quick Summary

Spring Mansion 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. 1 transaction is on record since 1995, most recently in Feb 2003. ACRA records 0 live company registrations at this address.

1

What are the key facts about Spring Mansion?

Key takeawaySpring Mansion 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
578 Balestier Road
Land area
Transactions on record
1 (records start 1995)
Live listings
None
ACRA registrations
0
2

About Spring Mansion

Spring Mansion is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329893.

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.

1 transaction has been recorded here, at a median of S$608 psf. The most recent was in February 2003.

The nearest MRT is Novena MRT, 712 m away (about a 11-minute walk). The closest bus stop (Bef Jln Dusun) is 22 m away (about a 0-minute walk).

3

What is Spring Mansion zoned as?

Key takeawaySpring Mansion 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 Spring Mansion sold for?

Key takeaway1 transaction is on record since 1995, most recently in Feb 2003 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
Feb 2003Shop HouseS$700k1,152 sqft$608

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 Spring Mansion?

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 near Spring Mansion?

Key takeawayThe nearest MRT/LRT is Novena MRT, about 712 m away — and 2 competing retail premisess operate nearby.

Getting around

Amenities nearby

Bef Jln Dusun · 22 mEducational Institution · 79 mHotel · 93 mOaklife Family Clinic · 138 mNovena Rise Pk · 264 mPlace Of Worship · 271 mThomson Medical Centre · 300 mNovena MRT Exit A · 644 mToa Payoh West Community Club · 944 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 · 310 mSquare 2 · 685 m

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Spring Mansion?

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.

9

Frequently asked questions about Spring Mansion

Where is Spring Mansion?

Spring Mansion is at 578 Balestier Road, Singapore 329893, in the Novena planning area.

What is Spring Mansion zoned as?

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

What is the tenure of Spring Mansion?

Spring Mansion is freehold.

Is Spring Mansion a conserved property?

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

What have units at Spring Mansion sold for?

Across 1 recorded transaction, the median price is S$608 psf. The latest was in February 2003.

What is the nearest MRT station to Spring Mansion?

Novena MRT is the closest, 712 m away (about a 11-minute walk).

For agents · in the PropKaki app

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This development is also registered as the residential project Spring Mansion.

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