Wai Wing Centre
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 14 live company registrations at this address.
What are the key facts about Wai Wing Centre?
- 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
- Transactions on record
- 5 (records start 1995)
- Live listings
- 1
- ACRA registrations
- 14
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?
- Land-use zone
- COMMERCIAL & RESIDENTIAL
- Gross plot ratio
- 3.0
- Conservation area
- Balestier
What has Wai Wing Centre sold for?
| 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 | $1,123 |
URA/JTC records from 1995 — that is where the record starts, not when the building was built. Strata and land deals can mix in one building's history; compare like with like.
How does Balestier Road price?
Street figures cover strata deals only — land and strata PSF are not comparable.
What do commercial rents run near Wai Wing Centre?
Indicative area yield — District 12 retail
An INDICATIVE AREA yield for District 12 retail — NOT this building's yield, and not any unit's. Commercial rents are published as a district percentile grid, so both halves describe the district.
Priced on STRATA sales only: rent is quoted per unit of lettable area, and commercial land PSF runs far above strata — mixing them would shift the ratio sharply.
Net deducts the 10% non-residential property tax ONLY — not vacancy, maintenance, agent fees, financing, or the 9% GST on purchase.
Retail rents — District 12 ($ psm/month, 2026Q2)
| Floor level · size band | 25th pct | Median | 75th 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.
What is available at Wai Wing Centre right now?
For rent (1)
- Wai Wing Centre2 agentsS$9k/mo · 1,464 sqft
What is near Wai Wing Centre?
Getting around
- Toa Payoh MRT714 m · ~11 min
Amenities nearby
Competing premises nearby
Retail and F&B premises competing for the same footfall — context for an occupier, not a selling point.
Straight-line distances. Source: PropKaki amenities data.
How many companies are registered at Wai Wing Centre?
- Live registrations
- 14
- Registered last 3 years
- 0
- 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.
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.
The facts are here — now get the verdict on Wai Wing Centre.
Ask what a unit here would fetch, what the zone allows, or how it compares.
PropKakiHere's the building's zone, its recorded deals and every live unit — and where the asking prices sit against them.
This development is also registered as the residential project Wai Wing Centre.