FreeholdRCRDistrict 12 (Novena)

Urban Heritage

Reviewed by Nathan TangUpdated 10 August 2026Data through Jun 2026 (URA)
Quick Summary

Urban Heritage is a freehold apartment in District 12 (Novena) that obtained TOP in 2015, with 15 units across 1 block. Across 19 transactions on record, units have recently transacted around S$715k (S$1,319 psf, ~581 sqft). There are 10 units for sale from S$670k to S$1.18M.

1

What are the key facts about Urban Heritage?

Key Takeaway

Urban Heritage is a freehold apartment in District 12 (Novena) that obtained TOP in 2015, with 15 units across 1 block.

Tenure
Freehold
TOP / Completion
2015
Developer
TIEC HOLDINGS PTE LTD
Total units
15
Blocks
1
District / Area
District 12 (Novena)
Market segment
RCR
Median PSF
S$1,319 psf
Last transacted
Jun 2026
Remaining lease
Freehold
2

What is the price and PSF at Urban Heritage?

Key Takeaway

Units have recently transacted around S$715k (S$1,319 psf), at a gross rental yield of about 3.5% (URA caveat data).

Recent median price

S$715k

recent · 19 sales on record

Median PSF

S$1,319 psf

recent transactions

Median rent (monthly)

S$2,105

94 rentals on record

Gross rental yield

3.5%

indicative, gross

Source: URA caveat data, through Jun 2026.

3

What has recently sold at Urban Heritage?

Key Takeaway

Urban Heritage has 19 recorded sales; the most recent transacted at S$690,000 in Jun 2026 (URA caveat data).

DatePriceSize (sqft)PSF
Jun 2026S$690,000495S$1,394 psf
Sept 2022S$611,000431S$1,419 psf
Sept 2021S$750,000581S$1,290 psf
Dec 2020S$710,000538S$1,319 psf
Dec 2020S$715,000581S$1,230 psf
Jun 2017S$700,000850S$823 psf
Feb 2017S$910,000840S$1,084 psf
Dec 2015S$850,000786S$1,082 psf
Jan 2013S$1,000,000667S$1,498 psf
Jun 2012S$833,000581S$1,433 psf
Jun 2012S$702,086517S$1,359 psf
Jun 2012S$880,000581S$1,514 psf

19 sales and 94 rentals on record since May 2012. Source: URA.

4

Are prices at Urban Heritage rising?

Key Takeaway

The median transacted PSF at Urban Heritage has fallen 16% over the past 8 years (20122020), from S$1,456 psf to S$1,230 psf (URA caveats).

YearMedian PSFMedian priceSalesYoY
2020S$1,230 psfS$710k2+49.5%
2017S$823 psfS$700k2-43.5%
2012S$1,456 psfS$690k10

Yearly median transacted PSF and price; years with at least 2 recorded sales. Source: URA caveat data.

5

How many property agents are active around Urban Heritage?

Key Takeaway

6,316 CEA-registered agents closed at least one recorded deal in District 12 — where Urban Heritage sits — in the last 12 months, across all property types.

Active agents · 12mo

6,316

District 12 · closed ≥1 deal

Deals on record

24,253

all-time · all property types

Source: CEA public transaction records, attributed to District 12across HDB, condo and landed (agent activity isn't published at project level). Browse the agent directory or compare every market segment.

6

What bedroom types are available at Urban Heritage?

Key Takeaway

Urban Heritage has 10 units listed for sale, spanning 1–2-bedroom layouts.

Based on units currently listed for sale.

BedroomsFor salePrice rangeMedian PSF
1-bedroom4S$670k–S$1.18M
2-bedroom6S$988k–S$1.00M
7

Where is Urban Heritage and what's nearby?

Key Takeaway

Urban Heritage is located in Novena, in the Central Region of Singapore.

Urban Heritage is a freehold apartment completed in 2015. It was developed by TIEC HOLDINGS PTE LTD. The development has 15 residential units. It sits on a land area of 426 sqm and has a gross floor area of 259 sqm. The plot ratio is 3.0.

URBAN HERITAGE is located at 238 Balestier Road, Singapore 329701. It is part of District 12, Balestier / Toa Payoh / Serangoon, Novena. The project falls within the Central Region and the RCR market segment.

The nearest rail connection is Boon Keng MRT, approximately 956m away, around 15 minutes on foot. Nearby amenities include Square 2 for shopping, SEMPER FIDELIS FINE FOODS PRIVATE LIMITED for groceries, Blks 91/92 Whampoa Drive # for food options, and Pek Kio Park for greenery and recreation.

8

Who built Urban Heritage and how big is the development?

Key Takeaway

Urban Heritage was developed by TIEC HOLDINGS PTE LTD, with 15 units.

Developer
TIEC HOLDINGS PTE LTD
Blocks
1
Land area
426 sqm (4,585 sqft)
Gross floor area
259 sqm (2,788 sqft)
Plot ratio
3.00
9

How far is Urban Heritage from MRT and schools?

Key Takeaway

The nearest MRT/LRT to Urban Heritage is Boon Keng MRT, about 956 m away (~15 min walk). 4 schools are within 1 km, including 2 primary schools.

Getting around

Schools nearby

Homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

  • Northlight SchoolSecondary schoolwithin 1 km404 m
  • Hong Wen SchoolPrimary schoolwithin 1 km · P1 priority478 m
  • Bendemeer Secondary SchoolSecondary schoolwithin 1 km905 m
  • St. Joseph's Institution JuniorPrimary schoolwithin 1 km · P1 priority970 m
  • Farrer Park Primary SchoolPrimary school1.1 km
  • Bendemeer Primary SchoolPrimary school1.3 km
  • Chij Secondary (Toa Payoh)Secondary school1.6 km
  • St Andrew's School (Junior)Primary school1.7 km

Shops, food & parks

Mall: Square 2 · 1.0 kmSupermarket: Semper Fidelis Fine Foods Private Limited · 39 mHawker centre: Blks 91/92 Whampoa Drive # · 198 mPark: Pek Kio Park · 749 m

Straight-line distances from the development. Source: PropKaki amenities data.

10

What does it cost to own a unit at Urban Heritage?

Key Takeaway

Buying a unit at Urban Heritage (~S$715k) needs about S$5,234/mo in income and S$2,408/mo in repayments, after S$16,050 stamp duty and a S$179k downpayment.

Illustrative, for a Singapore Citizen buying a unit at the recent median price (S$715k) as their first home — 25% down, 30-year loan at 3.5% p.a. Rates as of May 2026. Run it for your own profile →

Buyer's Stamp Duty

S$16,050

BSD, tiered

Downpayment (25%)

S$179k

cash + CPF

Monthly instalment

S$2,408/mo

30y @ 3.5%

Income required

S$5,234/mo

TDSR @ stress rate

Weighing it up as an investment? Gauge the odds with the profitability model, or read how to tell if a condo is profitable →

Keep going in the PropKaki app

Thinking about Urban Heritage? Ask before you commit.

A fair-value read, recent comps and what a unit really costs — from Urban Heritage's own transactions.

PropKaki
Is Urban Heritage a good buy, and what are units selling for?

Recent units at Urban Heritage sold close to their fair value — solid, no obvious overpay.

Ask anything about Singapore property…
11

Frequently asked questions about Urban Heritage

How much does a unit at Urban Heritage cost?

Units at Urban Heritage have recently transacted around S$715k (S$1,319 psf), from 19 sales on record (URA caveats). The exact price depends on size, floor and facing.

How much do I need to earn to buy at Urban Heritage?

For a unit around S$715k as a first home, you'd need roughly S$5,234/mo in income (assessed at the stress-test rate), with repayments near S$2,408/mo after a S$179k (25%) downpayment and S$16,050 Buyer's Stamp Duty.

Is Urban Heritage a good investment?

Gross rental yield is about 3.5%; median PSF has fallen about 16% since 2012. Whether it suits you depends on your budget, holding period and the unit's size, floor and facing — all summarised on this page from URA data.

Are prices at Urban Heritage going up?

The median transacted PSF at Urban Heritage has fallen about 16% between 2012 and 2020, based on URA caveats. Year-by-year figures are in the price-trend table above.

Is Urban Heritage freehold or leasehold?

Urban Heritage is freehold — ownership does not expire.

When was Urban Heritage built and who developed it?

Urban Heritage obtained TOP in 2015, developed by TIEC HOLDINGS PTE LTD, with 15 units across 1 block.

How many units are for sale at Urban Heritage?

There are 10 units for sale at Urban Heritage, from S$670k to S$1.18M.

What is the nearest MRT to Urban Heritage?

The nearest MRT/LRT station to Urban Heritage is Boon Keng MRT, about 956 m away (~15 min walk).

Which primary schools are within 1 km of Urban Heritage?

Hong Wen School, St. Joseph's Institution Junior are within 1 km of Urban Heritage — homes within 1 km of a primary school qualify for Primary 1 (P1) registration priority.

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