Balestier Towers

Apartment · in Novena, District 12, Singapore · Freehold · Completed 1991

Data through 1 October 2015

Intro: 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 🚶.

D12RCRCentralNovena

< 1km

MRT Station

Near

$1M+ HDB

> 1K

MOPs in Town

Mega

Development

< 10y

Property Age

100%

Profitable

Top 20

Schools

50+

Deals Past Yr

Balestier Towers project details

Street

Balestier Road

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

MRT and LRT stations near Balestier Towers

Farrer Park869 m MRTMRT
Novena878 m MRTNS20
Boon Keng993 m MRTMRT

See details on nearby stations

Primary schools near Balestier Towers

Hong Wen School588 m
St. Joseph'S Institution Junior814 m
Farrer Park Primary School961 m

See details on nearby schools

Balestier Towers price, PSF and transaction trends

22%

HDB Buyers

$92.7M+

Total Transacted

01-01-1995

First Transacted

08-07-2014

Last Transacted

Total Transactions

Balestier Towers transaction volume

New SaleSub SaleResale

Among the latest 12 recorded sales for Balestier Towers, the median price was S$1,455,289 and the median PSF was S$1,300 psf. The newest record shown is from 8 July 2014. The annual project median was 255.2% higher in 2014 than in 2005; unit mix can affect year-to-year comparisons.

Recent Balestier Towers transactions

Date	Sale type	Price	PSF	Size
8 July 2014	Resale	S$1,455,298	S$1,300 psf	1,119 sqft
8 July 2014	Resale	S$1,552,200	S$1,400 psf	1,109 sqft
8 July 2014	Resale	S$1,455,298	S$1,300 psf	1,119 sqft
8 July 2014	Resale	S$1,441,284	S$1,300 psf	1,109 sqft
8 July 2014	Resale	S$1,287,364	S$1,300 psf	990 sqft

Balestier Towers median transaction PSF (S$)

Balestier Towers annual price trend

Year	Median price	Median PSF	Recorded sales
2014	S$1,833,104	S$1,300 psf	36
2013	S$2,982,500	S$1,010 psf	2
2012	S$1,230,000	S$822 psf	1
2010	S$920,000	S$732 psf	2
2009	S$1,050,000	S$702 psf	1
2007	S$950,000	S$680 psf	4
2006	S$500,000	S$341 psf	5
2005	S$410,000	S$366 psf	1

94.3%

% Profitable

Profitable

Unprofitable

> 6% Annualized

8.8 yrs

Avg Holding

$28.6M

Total Profits

Balestier Towers annualized profit %

View full details

Balestier Towers rental prices and estimated yield

Past 1 month

No. of Rentals

Among the latest 12 recorded rental contracts for Balestier Towers, the median monthly rent was S$3,700, with records ranging from S$2,000 to S$11,500.

Recent Balestier Towers rental contracts

Lease date	Bedrooms	Monthly rent	Est. PSF	Area
1 October 2015	—	S$3,700	S$3 psf	1300-1400
1 August 2015	—	S$3,900	S$3 psf	1300-1400
1 May 2015	—	S$3,700	S$3 psf	1200-1300
1 April 2015	—	S$3,800	S$3 psf	1200-1300
1 February 2015	—	S$8,500	S$4 psf	2200-2300

Balestier Towers rental volume

View full details

Frequently asked questions about Balestier Towers

How much do units at Balestier Towers cost?

The latest 12 recorded sales show a median price of S$1,455,289 and a median of S$1,300 psf. Actual prices vary by floor, size, facing, condition and sale date.

What are the rental price and estimated yield at Balestier Towers?

The latest recorded median monthly rent is S$3,700. Rental yield is indicative and can vary by unit and costs.

Is Balestier Towers freehold or leasehold?

Balestier Towers has a tenure of Freehold.

When was Balestier Towers completed?

Balestier Towers was completed in 1991.

Which MRT or LRT station is nearest to Balestier Towers?

Farrer Park is the nearest station shown, at an estimated straight-line distance of 869 metres.

Which primary schools are near Balestier Towers?

The primary schools shown within the page’s one-kilometre search are Hong Wen School (588 m), St. Joseph'S Institution Junior (814 m), and Farrer Park Primary School (961 m). Distances are estimates and do not determine school-admission eligibility.

Data sources and methodology

Sale and rental records are based on URA private residential property market data. REALSMART calculates project-level medians, chart groupings, profitability indicators, straight-line distances and estimated rental yields. Data on this page runs through 1 October 2015. Figures are indicative and do not constitute financial advice.