CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Urban Heritage

Reviewed by Nathan TangUpdated 10 August 2026Data through May 2010
Quick Summary

Urban Heritage 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 May 2010. 5 units are currently listed for sale or rent. ACRA records 10 live company registrations at this address.

1

What are the key facts about Urban Heritage?

Key takeawayUrban Heritage 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
238,238a,238b Etc Balestier Road
Land area
426 sqm
Transactions on record
1 (records start 1995)
Live listings
5
ACRA registrations
10
2

About Urban Heritage

Urban Heritage is a mixed-use property in Novena (District 12). It is located along Etc Balestier Road, Singapore 329701.

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 426 sqm of land with about 1,438 sqm of gross floor area.

1 transaction has been recorded here, at a median of S$1,264 psf. The most recent was in May 2010.

10 businesses are currently registered at this address with ACRA.

The nearest MRT is Boon Keng MRT, 957 m away (about a 15-minute walk). The closest bus stop (Bef Blk 104) is 56 m away (about a 1-minute walk).

3

What is Urban Heritage zoned as?

Key takeawayUrban Heritage 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
Conserved building
Yes

Run the full zoning report for this building →

4

What has Urban Heritage sold for?

Key takeaway1 transaction is on record since 1995, most recently in May 2010 — too few to support a median, so the deals themselves are listed instead.
DateUsePriceAreaPSF
May 2010Shop HouseS$4.50M3,561 sqft$1,264

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

What do commercial rents run near Urban Heritage?

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.

6

What is available at Urban Heritage right now?

Key takeaway5 units are currently listed at Urban Heritage4 for sale and 1 for rent. One row per unit; several agents often market the same unit.

For sale (4)

  • Urban Heritage2 agentsS$1.30M · 580 sqft
  • Urban HeritageS$1.80M · 500 sqft
  • Urban HeritageS$1.30M · 646 sqft
  • Urban HeritageS$1.25M · 646 sqft

For rent (1)

  • Urban HeritageS$3k/mo · 580 sqft

Browse every listing at this building →

7

What is near Urban Heritage?

Key takeawayThe nearest MRT/LRT is Boon Keng MRT, about 957 m away — and 3 competing retail premisess operate nearby.

Getting around

Amenities nearby

Heal Medical Centre · 38 mHotel · 46 mBef Blk 104 · 56 mPlace Of Worship · 64 mEducational Institution · 295 mWhampoa Community Club · 546 mTan Tock Seng Hospital · 646 mKallang Polyclinic · 824 mBoon Keng MRT Exit A · 928 m

Competing premises nearby

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

Semper Fidelis Fine Foods Private Limited · 36 mBlks 91/92 Whampoa Drive # · 194 mSquare 2 · 1.0 km

Straight-line distances. Source: PropKaki amenities data.

8

How many companies are registered at Urban Heritage?

Key takeawayACRA records 10 live company registrations at this address, 5 of them in the last three years.
Live registrations
10
Registered last 3 years
5
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.

9

Frequently asked questions about Urban Heritage

Where is Urban Heritage?

Urban Heritage is at 238,238A,238B Etc Balestier Road, Singapore 329701, in the Novena planning area.

What is Urban Heritage zoned as?

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

What is the tenure of Urban Heritage?

Urban Heritage is freehold.

Is Urban Heritage a conserved property?

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

What have units at Urban Heritage sold for?

Across 1 recorded transaction, the median price is S$1,264 psf. The latest was in May 2010.

What is the nearest MRT station to Urban Heritage?

Boon Keng MRT is the closest, 957 m away (about a 15-minute walk).

How many businesses are registered at Urban Heritage?

10 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

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This development is also registered as the residential project Urban Heritage.

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