CommercialCOMMERCIAL & RESIDENTIALConservationFreeholdDistrict 12 · Novena

Wai Wing Centre

Reviewed by Nathan TangUpdated 8 November 2026Data through Jan 2016

Quick Summary

Wai Wing Centre 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. 5 transactions are on record since 1995, most recently in Jan 2016. 1 unit is currently listed for rent. ACRA records 11 live company registrations at this address.

The facts are here — now get the verdict on Wai Wing Centre.

Ask PropKaki

What are the key facts about Wai Wing Centre?

Key takeawayWai Wing Centre 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: 501 Balestier Road
Land area: 903 sqm
Completed: Not on record
Storeys: 8 (© OpenStreetMap contributors)
Strata lots (whole development, MCST): 16
Managing agent: STATURE REAL ESTATE ENTERPRISES PTE LTD
Strata formed: 1992 (MCST 1719)
Submarket: City Fringe
Units with a recorded sale: At least 4
Transactions on record: 5 (records start 1995)
Live listings: 1
ACRA registrations: 11

About Wai Wing Centre

Wai Wing Centre is a mixed-use building in Novena (District 12). It is located along Balestier Road, Singapore 329844.

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 903 sqm of land with about 2,709 sqm of gross floor area.

5 transactions have been recorded here, at a median of S$836 psf. The most recent was in January 2016.

14 businesses are currently registered at this address with ACRA.

The nearest MRT is Toa Payoh MRT, 714 m away (about a 11-minute walk). The closest bus stop (Opp Zhongshan Mall) is 68 m away (about a 1-minute walk).

What is Wai Wing Centre zoned as?

Key takeawayWai Wing Centre 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

BCA-verified envelope: allowable GFA 2,709 sqm · built 2,636 sqm · headroom 73 sqm. This block appears only where BCA has published the actual built floor area — everywhere else, buildable headroom cannot be verified and is deliberately not estimated.

Run the full zoning report for this building →

What has Wai Wing Centre sold for?

Key takeaway5 transactions are on record since 1995, most recently in Jan 2016 — too few to support a median, so the deals themselves are listed instead.

Date	Use	Price	Area	PSF
Jan 2016	Retail	S$2.00M	1,249 sqft	$1,602
Apr 2009	Retail	S$1.10M	1,615 sqft	$681
Sept 2006	Retail	S$436k	1,249 sqft	$349
Sept 2004	Retail	S$1.35M	1,615 sqft	$836
Jun 2001	Retail	S$1.45M	1,292 sqft	$1,123

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. sqm ↔ sq ft converter

What does space at Wai Wing Centre rent for?

Key takeawayNo rent is published for Wai Wing Centre 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 Wai Wing Centre

Key takeawayBrokers' office figures for this part of Singapore — a broker's market figure, not this building's rent.

CBRE, 2Q 2026

Decentralised: Vacancy 3.6%

Singapore Figures Q2 2026

Cushman & Wakefield, 2Q 2026

City Fringe (all grades): Rent S$7.83 psf/mth · Vacancy 2.5% · Planned / under construction 1.35m sq ft

Singapore Office MarketBeat Q2 2026

Official series (URA, 2026Q3): Office vacancy rate (Whole Island) 10 (-1.2 pp on the year) · Office rental index (Central Region) 203.4 (+1.8% 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.

How fast units move at Wai Wing Centre

Key takeawayBased on listings we track, as of our last check on 28 Aug 2026: 1 unit for rent.

Rent: between 6 Aug 2026 and 28 Aug 2026, 0 new listings appeared and 0 came off (sold, let or withdrawn). Days on market: not enough history yet — we began tracking on 6 Aug 2026.

One count per unit, however many agents list it. Asking prices are not tracked over time, so price cuts are not shown.

What's been approved at Wai Wing Centre?

Key takeawayURA has approved 4 changes of use at Wai Wing Centre since 2000, most recently in 2024. 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.

11 Jun 2024ApprovedFloor 2
Change of use to commercial school
Change of use of #02-XX (wai wing centre) to commercial school
15 Feb 2023ApprovedFloor 1
Change of use to supermarket with ancillary caf�
Proposed change of use of unit #01-XX to supermarket with ancillary caf�
11 Oct 2021RenewedFloor 1
Continued use as restaurant
Continued use of unit #01-XX as restaurant - wai wing centre
28 Oct 2020ApprovedFloor 1
Change of use to restaurant
Proposed change of use of unit #01-XX to restaurant - wai wing centre
7 Feb 2017ApprovedFloor 2
Change of use to commercial school
Proposed change of use of unit #02-XX to commercial school on lot 00680p ts29 at 501 balestier road (novena planning area)

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 Wai Wing Centre?

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 available at Wai Wing Centre right now?

Key takeaway1 unit is currently listed at Wai Wing Centre. One row per unit; several agents often market the same unit.

For rent (1)

Wai Wing Centre2 agentsS$9k/mo · 1,464 sqft

Browse every listing at this building →

What is near Wai Wing Centre?

Key takeawayThe nearest MRT/LRT is Toa Payoh MRT, about 714 m away — and 3 competing retail premisess operate nearby.

Getting around

Toa Payoh MRT714 m · ~11 min

Amenities nearby

Hotel · 53 mPlace Of Worship · 67 mOpp Zhongshan Mall · 68 mLivewell Medical Family Clinic · 108 mEducational Institution · 182 mRen Ci Community Hospital · 389 mToa Payoh Town Pk · 494 mNovena MRT Exit A · 640 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 · 106 mSquare 2 · 691 mBlks 91/92 Whampoa Drive # · 844 m

Straight-line distances. Source: PropKaki amenities data.

Getting there and parking at Wai Wing Centre

Key takeawayThe nearest station is Novena (NS20), 641 m away — one of the busiest stations, with about 85,000 taps in and out on an average weekday. 14 public car parks are within 500 m.

Foot traffic: busier than 12% of office buildings

nearest MRT/LRT Novena (NS20) 641 m, about 85,000 taps a weekday; 1 more station within 1 km; bus stops within 400 m: 7, about 13,000 taps a weekday; Novena: 42,829 resident workers (Census 2020, by workplace); about 52,000 residents within 1 km (June 2026). Ranked against 485 office 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), not a count of people.

Stations within 1 km

Novena (NS20)641 m · about 85,000 weekday taps
Toa Payoh (NS19)680 m · about 76,000 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 Wai Wing Centre. Transfers between lines don't tap, so interchanges read low.

Bus

7 bus stops within 400 m, with about 13,000 boardings and alightings on an average weekday.

Public car parks within 500 m

Shan Rd (URA)128 m
S$0.60 per half-hour at midday on a weekday · 11 car lots
Jln Rama Rama (URA)236 m
S$0.60 per half-hour at midday on a weekday · 10 car lots
Minbu Rd Off St (URA)240 m
S$0.60 per half-hour at midday on a weekday · 111 car lots
Boon Teck Rd (URA)280 m
S$0.60 per half-hour at midday on a weekday · 6 car lots
Prome Rd (URA)299 m
S$0.60 per half-hour at midday on a weekday · 2 car lots

Nearest URA season parking: Balestier Road Area, 518 m away, S$90/month.

Public car parks only, by straight-line distance, with the operator's published rates. Wai Wing Centre's own car park, if it has one, and its charges are not in the open data.

Who's registered at Wai Wing Centre?

Key takeaway11 live companies (and LLPs and branches; sole proprietors are not counted) list Wai Wing Centre as their registered address. These are registered businesses, not who occupies the space.

Wholesale and retail trade
3
Information and communications
2
Professional, scientific and technical services
2
Administrative and support services
2
Construction
1
Education
1
Transportation and storage
0
Manufacturing
0
Accommodation and food services
0
Real estate
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.

What is Wai Wing Centre's BCA building profile?

BCA building type: Office
Green Mark: NA (NA)
Energy use intensity: 83 kWh/m²·yr

Frequently asked questions about Wai Wing Centre

Where is Wai Wing Centre?⌄

Wai Wing Centre is at 501 Balestier Road, Singapore 329844, in the Novena planning area.

What is Wai Wing Centre zoned as?⌄

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

What is the tenure of Wai Wing Centre?⌄

Wai Wing Centre is freehold.

Is Wai Wing Centre a conserved property?⌄

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

What have units at Wai Wing Centre sold for?⌄

Across 5 recorded transactions, the median price is S$836 psf. The latest was in January 2016.

What is the nearest MRT station to Wai Wing Centre?⌄

Toa Payoh MRT is the closest, 714 m away (about a 11-minute walk).

How many businesses are registered at Wai Wing Centre?⌄

14 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 Wai Wing Centre.

Read the figures right

Year of completion is not on record for this building. Building age cannot be stated.

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.

Managing agent: as BCA's MCST register names it; it can change between register updates.

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.

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.

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.

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 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 8 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.