Overview & Key Facts
BALESTIER PLAZA is a freehold condominium at BALESTIER ROAD in District 12 (RCR), developed by HONG LEONG HOLDINGS LTD, comprising 77 units, completed in 1985.
Location & Connectivity
BALESTIER PLAZA is approximately 870m from Toa Payoh MRT station, with 3 stations within 1.5 km.
Schools & Education
23 schools within 2 km (4 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| Beatty Secondary School | Secondary | 640m |
| CHIJ Our Lady Queen of Peace | Primary | 780m |
| School of Science and Technology | Jc | 800m |
| CHIJ Secondary (Toa Payoh) | Secondary | 810m |
| Balestier Hill Primary School | Primary | 1.1 km |
| Pei Chun Public School | Primary | 1.4 km |
| New Town Primary School | Primary | 1.4 km |
| Bendemeer Primary School | Primary | 1.5 km |
Market Position
BALESTIER PLAZA has recorded 3 sales at an average price of $1,788,963.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 2 | $1,129 psf | — |
| 2024 | 1 | $1,231 psf | ↑ 9.0% |
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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.
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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
- With just 0 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 77-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
- At 41+ years of age, upkeep costs trend upward and renovation budgets matter; some owners here are effectively holding an en-bloc option.
Best suited for
Who This Actually Suits
Buyers most likely to be happy here: car-owning households, long-term hold (10+ yr), en-bloc speculators and freehold / generational hold. At ~865m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
For families with young children and yield-focused investors, it can work — but weigh the trade-offs before committing.
short-term flippers (<5 yr) and resort facilities should probably look elsewhere. TOP 1985 keeps the SSD window in mind for buyers exploring the 3-5 year resale-arbitrage strategy.
Verdict
BALESTIER PLAZA is a freehold development in District 12 (RCR), with 77 units, offering a gross yield of 2.6%.
Explore the full BALESTIER PLAZA dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing BALESTIER PLAZA against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (310m away), an upgrader gap of about $900,000
- Toa Payoh — 4-room average $929,793 (660m away), an upgrader gap of about $850,000
- Central Area — 4-room average $1,088,814 (1.8 km away), an upgrader gap of about $700,000
FAQ
What is the average PSF for BALESTIER PLAZA?
Is BALESTIER PLAZA freehold?
What is the rental yield for BALESTIER PLAZA?
Which MRT is nearest to BALESTIER PLAZA?
Sources & Next Steps
- BALESTIER PLAZA 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: 86 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Apr 2024 · 3 records analysed · Source: URA private-sale caveats