Overview & Key Facts
BALESTIER 288 is a freehold condominium at BALESTIER ROAD in District 12 (RCR), developed by CITY DEVELOPMENT LAND (MKTG AGT-DTZ), comprising 11 units, completed in 2004.
Location & Connectivity
BALESTIER 288 is approximately 1030m from Novena MRT station, with 5 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Novena | North-South Line | 1 km |
| Boon Keng | North-East Line | 1.1 km |
| Farrer Park | North-East Line | 1.2 km |
| Toa Payoh | North-South Line | 1.3 km |
| Bendemeer | Downtown Line | 1.5 km |
Schools & Education
24 schools within 2 km (2 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 630m |
| Beatty Secondary School | Secondary | 920m |
| School of Science and Technology | Jc | 1.1 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.1 km |
| Farrer Park Primary School | Primary | 1.2 km |
| Bendemeer Primary School | Primary | 1.2 km |
| Bendemeer Secondary School | Secondary | 1.2 km |
| Balestier Hill Primary School | Primary | 1.3 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 1 BR | 1 | $1,129 psf | $705,000 |
| 3 BR | 2 | $1,130 psf | $1,375,000 |
Market Position
BALESTIER 288 has recorded 3 sales at an average price of $1,151,667.
Rental Yield by Bedroom Type
Blended yield hides the spread between unit sizes — smaller units at BALESTIER 288 typically rent harder per dollar of purchase price:
| Type | Avg Rent | Avg Price | Gross Yield |
|---|---|---|---|
| 1 BR | $2,993/mo | $705,000 | 5.09% |
| 3 BR | $2,900/mo | $1,375,000 | 2.53% |
Loading chart data...
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 1 | $1,129 psf | — |
| 2022 | 1 | $1,069 psf | ↓ 5.4% |
| 2023 | 1 | $1,192 psf | ↑ 11.5% |
Loading chart data...
BALESTIER 288 prices sit at a fresh series high after a 11.5% gain on the prior period, now 5.6% above the 2021 starting level.
Price Index Check
The ShiokNest Price Index for District 12 reads 136.8 as of May 2026 — down 6.2% year-on-year. The index tracks repeat-sales price movement, so it is less distorted by shifts in what happens to be transacting than a raw average PSF.
Loading chart data...
Neighbourhood Comparison
| Condo | Tenure | Avg PSF | Sales |
|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | $2,730 psf | 741 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | $1,649 psf | 311 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | $1,843 psf | 200 |
| TREVISTA | 99 yrs lease commencing from 2008 | $1,709 psf | 149 |
| VERTICUS | Freehold | $2,126 psf | 130 |
What Could Work Against You
- Only 0 transactions were recorded in the past 12 months, so the price figures here rest on a thin sample — a single outlier deal can move the averages.
- At 11 units, this is a boutique development — fewer comparable sales to anchor valuations, and maintenance costs spread across a smaller fee base.
Best suited for
Who This Actually Suits
This is a strong match for empty nesters / downsizers, car-owning households, long-term hold (10+ yr) and freehold / generational hold. Manageable scale and accessibility profile work for buyers right-sizing from a larger home.
One caution flagged here: avoid if mrt-dependent — MRT is ~1031m away — over a 15-minute walk. Daily transit-only commuters should consider better-connected alternatives.
Verdict
BALESTIER 288 is a freehold development in District 12 (RCR), with 11 units, offering a gross yield of 3.1%.
Explore the full BALESTIER 288 dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing BALESTIER 288 against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (120m away), an upgrader gap of about $250,000
- Toa Payoh — 4-room average $929,793 (830m away), an upgrader gap of about $200,000
- Central Area — 4-room average $1,088,814 (1.5 km away), an upgrader gap of about $50,000
FAQ
What is the average PSF for BALESTIER 288?
Is BALESTIER 288 freehold?
What is the rental yield for BALESTIER 288?
Which MRT is nearest to BALESTIER 288?
Sources & Next Steps
- BALESTIER 288 Dashboard — Live charts and analytics
- URA REALIS — Official transaction data
- District 12 (Toa Payoh, Serangoon, Balestier) — District 12 neighbourhood guide
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA REALIS.
- Sales data: 3 transactions
- Rental data: 10 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: May 2023 · 3 records analysed · Source: URA private-sale caveats