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Balestier Towers

D12RCRCentralNovena
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User ratings for this property
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Balestier Towers is a established freehold development completed in 1991 that places residents along the vibrant Balestier Road corridor within a one-kilometer radius of Hong Wen School 🏫.
Good to know: Freehold residential site located in the heart of the Novena planning area 📍; Spacious unit options available with floor plans reaching up to 4,413 square feet 🏗️.
Practical note: While the location offers great access to local food and amenities, residents should note that the nearest MRT stations like Farrer Park are about a 13-minute walk away 🚶.

< 1km
MRT Station
Near
$1M+ HDB
> 1K
MOPs in Town
Mega
Development
< 10y
Property Age
100%
Profitable
Top 20
Schools
50+
Deals Past Yr

Project Facts

Street
Balestier Road
Developer
N.A.
Property Type
Apartment
Completion
1991
Total Units
-1
Plot Ratio
3.0
Unit Size
990 - 4,413 sqft
Tenure
Freehold
Lease Remaining
Freehold
Postal Sector
32

Nearby Stations

  • Farrer Park869 m MRTMRT
  • Novena878 m MRTNS20
  • Boon Keng993 m MRTMRT
See details on nearby stations

Nearby Primary Schools

  • Hong Wen School588 m
  • St. Joseph'S Institution Junior814 m
  • Farrer Park Primary School961 m
See details on nearby schools

Transaction

N.A.
Sold At Launch
22%
HDB Buyers
$92.7M+
Total Transacted
01-01-1995
First Transacted
08-07-2014
Last Transacted
72
Total Transactions

Transaction Volume

Transaction Volume0102030402005 · Resale: 120052006 · Resale: 520062007 · Resale: 420072009 · Resale: 120092010 · Resale: 220102012 · Resale: 120122013 · Resale: 220132014 · Resale: 362014
New SaleSub SaleResale
94.3%
% Profitable
33
Profitable
2
Unprofitable
25
> 6% Annualized
8.8 yrs
Avg Holding
$28.6M
Total Profits

Annualized Profit %

Annualized Profit %-20.0%0.0%20.0%40.0%60.0%80.0%1998 · Average Annualized Profit: -6.2%19982005 · Average Annualized Profit: -4.7%20052006 · Average Annualized Profit: 6.6%20062007 · Average Annualized Profit: 60.2%20072009 · Average Annualized Profit: 0.3%20092010 · Average Annualized Profit: 10.6%20102012 · Average Annualized Profit: 4.4%20122014 · Average Annualized Profit: 12.9%2014
View full details

Rental

Past 1 month
$N.A.
Avg PSF Rental
0
No. of Rentals
N.A.
Est. Rental Yield

Rental Volume

Rental Volume051015202008 · Rentals: 920082009 · Rentals: 920092010 · Rentals: 1620102011 · Rentals: 620112012 · Rentals: 720122013 · Rentals: 1120132014 · Rentals: 1820142015 · Rentals: 52015
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Profitability by Block
BlockPostal CodeProfitable %Annualized Profit %
20732968394.3%13.5%
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