Balestier Point

Overview

Unit Info

Sales

Rental

Surrounding

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Overview

Unit Info

Sales

Rental

Surrounding

More

Sale Price *

Average
S$ 1,081 psf
Range
S$ 1,081 - 1,081 psf

Rental Price **

Average
S$ 3.4 psf pm
Range
S$ 2.2 - 4.9 psf pm

Rental Yield **

3.8%

Rental income expressed as a percentage of the property's value.

Amenities

3.6
3.6

Convenience

3.7
3.7

Connectivity

Details

No data

*Based on URA sales data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

**Based on URA rental data in the last 12 months. Otherwise, based on latest transaction. May not be representative.

Facilities
0 Facilities Available
Description
Balestier Point is a freehold apartment completed in 1986. The development occupies a land area of 6,126 sqm and a Gross Floor Area of 18,378 sqm. It consists of 68 units. According to records, buyers of this development are Singaporean 82.7%, PR 10.6%, Foreigner 5.8%, Company 0.0%.

BALESTIER POINT is located along Balestier Road in Novena, in District 12. It is accessible through the nearest MRTs including Novena NS20 and Boon Keng NE9.

Based on transaction data in the last 12 months, sale prices range from S$ 1,081 psf to S$ 1,081 psf at an average of S$ 1,081 psf. Its highest recorded transaction was S$ 1,157 psf in Apr 2021 for a 1,119-sqft unit. Its lowest recorded transaction was S$ 278 psf in Jul 2001 for a 4,058-sqft unit. Its current rental yield is at 3.8%. Other nearby amenities include: 3 Grocerie(s): NTUC FAIRPRICE CO-OPERATIVE LTD, NTUC FAIRPRICE CO-OPERATIVE LTD, HAO MART PTE. LTD., and 3 Shopping Mall(s): BALESTIER PLAZA, SQUARE 2, VELOCITY @ NOVENA SQUARE.

Buyers and tenants are attracted to District 12, which is comprised of Serangoon, Toa Payoh and Balestier, a combination of areas that has historically quaint townships. Toa Payoh New Town, built by the Housing Development Board (HDB), represents Singapore’s second satellite city after Queenstown. Serangoon is well-served by two MRT lines, including the Circle Line station completed in 2010. Serangoon is also home to Nex, one of the largest shopping malls in the North-East Region of Singapore. Nex is integrated with a bus interchange, and houses a cinema and a public library. As one of Singapore's oldest housing estates, Toa Payoh has benefitted from the government's rejuvenation efforts. It has evolved into a vibrant neighbourhood centreed around HDB Hub, which has both shopping and dining facilities, as well as an air-conditioned bus interchange. Other amenities are Toa Payoh Stadium, Toa Payoh Sports Hall and Toa Payoh Swimming Complex. The Toa Payoh Stadium can sit 3,500 people, and has hosted S.League club games.

As a major financial and business hub, the Central Region stands as the dynamic city centre of Singapore. Spanning 13,150ha in land area, the region hosts Singapore's only UNESCO World Heritage Site and is home to many of the country's national monuments, such as the Merlion Park and Statue of Raffles. Although the region is designated mainly for commercial activities, it houses residential developments ranging from HDBs to bungalows. There is also plenty of greenery in the region, linked by 19km of park connectors. According to the Master Plan 2019, Orchard and Downtown will be rejuvenated as a lifestyle hub to include more mixed developments which offer live, work and play opportunities. New housing will be constructed in the Marina South Area with community facilities and amenities. Stage-6 of the Circle Line opening by 2025 will also enhance the Central Region's connectivity.
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What they say
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5
"lovely little mall"
L** Y* X***
Google Review     |   26 Jul 2022
4
"Ate nice durian with two ex colleagues"
K*** H*** C****
Google Review     |   24 Jun 2022
4
"Nice mall"
M***** C***
Google Review     |   14 May 2022
4
"Decent shopping mall in Singapore"
M******* A**** K***
Google Review     |   12 Apr 2022
4
"Cool shopping mall"
M******* S***** K***
Google Review     |   25 Jun 2021
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Nearby Amenities
Source: URA,  www.edgeprop.sg
All Nearby Amenities

Within 500m

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Floor Plans
No data
Size Distribution
Note: Estimated when over 70% of the unit sizes are known, may differ from actual unit size distribution.
Unit Mix

Sales Transaction of BALESTIER POINT (Limited to 10)

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Source

Asking Price of BALESTIER POINT

Source: URA, https://www.edgeprop.sg

Listed On
Days in Market
Property Type
Bedrooms
Floor Area
Price (S$)
PSF (S$)
Agent NameAgent Mobile
Link
0 asking price for sale selected

Developer's Selling Prices

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Developer's Sales

Note: Based on developer's monthly submission to URA

Source: URA, https://www.edgeprop.sg

Price Trends

Volume Trends

No data
Rental Transactions of BALESTIER POINT

Lease Start
Unit Size (Sqft)
Monthly Rent (S$)
Bedrooms
Monthly Rent (Est. S$ psf)
Street
Type
Source

Rental Trends

Average Rental Yield Analysis
*Based on transactions and rents in the past 6 months.
Unit Size (sqft)
Average Monthly Rent (S$)
Rental Contracts
Average Price (S$)
Transactions
Rental Yield (%)
Historical Quarterly Rental

Price Comparison with Nearby Properties (UP to 10)

(Within 1000 meters)

Note: *Based on URA Sales data in the last 12 months. **Based on URA Rental data in the last 12 months.

Marker
Project Name
Tenure
Completion Date
Distance (m)
Min Price* (S$ psf)
AVG Price* (S$ psf)
Max Price* (S$ psf)
Min Rental** (S$ psf pm)
AVG Rental** (S$ psf pm)
Max Rental** (S$ psf pm)
Rental Yield** (%)

Nearby Land Sales

StatusStreet NameLocationLand AttributesEstimated Breakeven
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Listings

No data

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Property News

Eleven commercial units at Balestier Point for sale at $68 mil

Property News

Balestier: A walk back in time

FAQs about BALESTIER POINT

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