FreeholdRCRDistrict 12 (Novena)

Urban Heritage

Reviewed by Nathan TangUpdated 24 September 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 15 units for sale from S$670k to S$1.18M.

Key facts about Urban Heritage
TenureFreehold
TOP year2015
DeveloperTIEC HOLDINGS PTE LTD
Units15 in 1 block
District and areaDistrict 12 · Novena · RCR
Nearest MRTBoon Keng MRT, 956 m (~15 min walk)
Latest median psfS$1,319 psf, last 12 URA caveats to Jun 2026
1

What's for sale and for rent at Urban Heritage?

Key Takeaway

Urban Heritage has 15 units listed for sale, asking S$670k to S$1.18M (median S$1,659 psf), and 3 units for rent at a median of S$3,100 a month.

For sale

15 listings

S$670k – S$1.18M

For rent

3 listings

S$1,350 – S$3,100 a month

BedroomsFor saleAsking priceMedian PSF
1-bedroom7S$670k–S$1.18MS$1,555 psf
2-bedroom8S$938k–S$1.00MS$1,836 psf

Asking prices of units currently listed on property portals, not transacted prices.

2

What are the floor plans and unit sizes at Urban Heritage?

Key Takeaway

Floor plans for Urban Heritage aren't in PropKaki's library yet. Across 19 URA caveats, units range from 431 sqft to 850 sqft, and the middle half are 452 sqft to 581 sqft.

Unit typeSizes listed for saleAsking from
1-bedroom431 sqft to 851 sqftS$670k · S$1,555 psf
2-bedroom538 sqft to 581 sqftS$938k · S$1,836 psf

Check the Floor Plan Finder for Urban Heritage →

Unit sizes from URA caveats. Listed sizes from current property listings.

3

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 3.6% (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$2,129

95 rentals on record

Gross rental yield

3.6%

indicative, gross

Units currently for sale are asking a median of S$1,659 psf — about 26% above the most recent transacted PSF.

Source: URA caveat data, through Jun 2026.

4

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 95 rentals on record since May 2012. Source: URA.

5

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.

6

Is Urban Heritage a good investment?

Key Takeaway

Urban Heritage has only 5 resales on record, too few to judge on its own. Across District 12, 87% of 7,946 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 23% over a median 6.3-year hold (URA caveats, before costs). Its gross rental yield is about 3.6%. Units listed now ask about 26% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

District 12 sold for more

87%

of 7,946 private resales

Median gain

23%

gross, before costs

Median hold

6.3 years

bought to resold

Urban Heritage has fewer than 10 matched resales, so the figures are for District 12 as a whole. Check the odds for your unit size and holding period →

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

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.

9

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
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

Read how to tell if a condo is profitable →

11

How many property agents are active around Urban Heritage?

Key Takeaway

6,318 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

6,318

District 12 · closed ≥1 deal

Deals on record

24,291

all-time · all property types

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

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…
12

Frequently asked questions about Urban Heritage

Is Urban Heritage freehold?

Yes. Urban Heritage is freehold, so ownership does not run out.

How old is Urban Heritage?

Urban Heritage was completed (obtained TOP) in 2015, so it is about 11 years old.

Is Urban Heritage a good investment?

Urban Heritage has only 5 resales on record, too few to judge on its own. Across District 12, 87% of 7,946 private homes that were bought and later resold sold for more than they were bought for, with a median gain of 23% over a median 6.3-year hold (URA caveats, before costs). Its gross rental yield is about 3.6%. Units listed now ask about 26% more per square foot than recent sales. Past resale results don't predict future returns, and this is not financial advice.

Is Urban Heritage an EC?

No. Urban Heritage is a private apartment development, not an executive condominium (EC).

Who is the developer of Urban Heritage?

Urban Heritage was developed by TIEC HOLDINGS PTE LTD.

What is the price of a condo at Urban Heritage?

Units at Urban Heritage have recently sold for around S$715k (S$1,319 psf), the median of the last 12 URA caveats to Jun 2026. The price depends on size, floor and facing. 15 units are listed for sale from S$670k to S$1.18M.

Where is Urban Heritage located?

Urban Heritage is at 238 Balestier Road, Singapore 329701, in Novena (District 12). The nearest MRT station is Boon Keng MRT, about 956 m away.

How many units are there in Urban Heritage?

Urban Heritage has 15 units in 1 block.

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.

Are prices at Urban Heritage going up?

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

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 get priority in Primary 1 (P1) registration.