Overview & Key Facts
BALESTIER POINT is a freehold condominium at BALESTIER ROAD in District 12 (RCR), developed by CENTRAL PLAZA DEVELOPMENT (PTE) LTD, comprising 68 units, completed in 1988.
Location & Connectivity
BALESTIER POINT is approximately 940m from Novena MRT station, with 4 stations within 1.5 km.
| Station | Line | Distance |
|---|---|---|
| Novena | North-South Line | 940m |
| Boon Keng | North-East Line | 1.1 km |
| Farrer Park | North-East Line | 1.2 km |
| Toa Payoh | North-South Line | 1.2 km |
Schools & Education
24 schools within 2 km (2 within 1 km priority zone).
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 560m |
| Beatty Secondary School | Secondary | 930m |
| 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 |
| Balestier Hill Primary School | Primary | 1.3 km |
| Bendemeer Secondary School | Secondary | 1.3 km |
Unit Mix & Pricing
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| 3 BR | 9 | $1,182 psf | $1,412,333 |
| 4 BR | 1 | $1,161 psf | $1,900,000 |
Market Position
BALESTIER POINT has recorded 10 sales at an average price of $1,461,100.
Price Appreciation
| Year | Sales | Avg PSF | YoY |
|---|---|---|---|
| 2021 | 5 | $1,113 psf | — |
| 2024 | 2 | $1,204 psf | ↑ 8.1% |
| 2025 | 2 | $1,253 psf | ↑ 4.1% |
| 2026 | 1 | $1,323 psf | ↑ 5.6% |
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The latest reading marks the highest point in this series — BALESTIER POINT prices have climbed 18.8% since 2021.
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 3 sales in the trailing year, pricing signals are indicative rather than definitive; expect wider bid-ask spreads when you negotiate.
- The 68-unit size cuts both ways: exclusivity, but thinner resale liquidity and higher per-unit maintenance contributions than larger estates.
- At 38+ 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
This is a strong match for car-owning households, long-term hold (10+ yr), en-bloc speculators and freehold / generational hold. At ~939m from the nearest MRT, this property suits households with a car who value arterial road access over transit proximity.
It is a weaker fit for resort facilities — other options likely serve them better. Resort-grade amenity stack including multiple pools, clubhouse, and recreational facilities.
One caution flagged here: avoid if mrt-dependent — MRT access is meaningfully constrained — transit-dependent buyers should consider better-connected alternatives.
Verdict
BALESTIER POINT is a freehold development in District 12 (RCR), with 68 units, offering a gross yield of 2.8%.
At ~$1,276 psf, it sits at a city-fringe price point balancing accessibility and value.
Explore the full BALESTIER POINT dashboard for interactive analytics.
HDB Alternatives Nearby
Weighing BALESTIER POINT against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (210m away), an upgrader gap of about $600,000
- Toa Payoh — 4-room average $929,793 (890m away), an upgrader gap of about $550,000
- Central Area — 4-room average $1,088,814 (1.5 km away), an upgrader gap of about $350,000
FAQ
What is the average PSF for BALESTIER POINT?
Is BALESTIER POINT freehold?
What is the rental yield for BALESTIER POINT?
Which MRT is nearest to BALESTIER POINT?
Sources & Next Steps
- BALESTIER POINT 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: 10 transactions
- Rental data: 91 leases
- Source: URA REALIS
Median values used to minimise outlier impact. PSF = price per square foot.
Latest recorded data point: Feb 2026 · 10 records analysed · Source: URA private-sale caveats