OKIO is a freehold development along BALESTIER ROAD in District 12 (Toa Payoh / Balestier), part of the RCR segment of Singapore's private residential market. The project comprises 104 units and is TOP 2015.
This profile draws on 28 recorded transactions from URA to frame the project's character: who actually lives here, who buys here, and where the pricing sits relative to immediate alternatives. For the broader district context, see the Singapore price-heatmap map.
At roughly 11 years from TOP, OKIO is in mature-resale territory: a clear track record on capital appreciation, defined renovation and refurbishment cycles, and lease-decay considerations starting to enter the picture (if leasehold).
Within District 12 (Toa Payoh / Balestier), the immediate context for OKIO is shaped by the broader URA Master Plan zoning for the area, ongoing or planned infrastructure (MRT extensions, expressway changes, school relocations), and the supply pipeline of nearby launches. See the URA Master Plan 2019 for the precinct-specific land-use overlay before underwriting medium-term capital appreciation.
We track 28 sales and 280 rental transaction records for this property. Explore live charts, price trends, rental yields, and investment analytics on the OKIO dashboard.
- Average sale price: $818,532 across 28 transactions
- Estimated gross rental yield: 4.2%
- District 12 PSF ranking: Premium tier (top 16%)
- Freehold tenure · RCR · D12 · 104 units
About OKIO
OKIO is a freehold condominium, located at BALESTIER ROAD in District 12 (Toa Payoh, Serangoon, Balestier) (Rest of Central Region), developed by TIARA LAND PTE LTD, comprising 104 residential units, completed in 2015.
As a freehold property, OKIO does not face lease decay concerns.
Unit Mix Distribution
Transaction data breakdown by bedroom type at OKIO:
| Type | Sales | Avg PSF | Avg Price |
|---|---|---|---|
| Studio | 19 | $1,767 psf | $757,579 |
| 1 BR | 9 | $1,633 psf | $947,210 |
Sales Market Overview
OKIO has recorded 28 sale transactions with an average transaction price of $818,532, ranging from $710,000 to $1,040,000.
| Year | Sales | Avg PSF | Avg Price | YoY |
|---|---|---|---|---|
| 2021 | 2 | $1,645 psf | $725,500 | — |
| 2022 | 7 | $1,677 psf | $779,286 | ↑ 2.0% |
| 2023 | 9 | $1,693 psf | $832,988 | ↑ 1.0% |
| 2024 | 1 | $1,823 psf | $785,000 | ↑ 7.7% |
| 2025 | 6 | $1,789 psf | $853,500 | ↓ 1.9% |
| 2026 | 3 | $1,817 psf | $870,000 | ↑ 1.6% |
OKIO ranks in the top 16% of condos in District 12 by average PSF.
Compared to the RCR average of $2,049 psf, OKIO trades 15.9% below the segment benchmark.
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Rental Market Overview
OKIO has recorded 280 rental transactions with monthly rents averaging $2,883/mo.
| Type | Leases | Avg Rent | Min | Max |
|---|---|---|---|---|
| 1 BR | 140 | $2,643/mo | $800/mo | $3,500/mo |
| 2 BR | 140 | $3,123/mo | $2,000/mo | $4,800/mo |
| Year | Leases | Avg Rent |
|---|---|---|
| 2021 | 49 | $2,254/mo |
| 2022 | 60 | $2,656/mo |
| 2023 | 48 | $3,216/mo |
| 2024 | 55 | $3,120/mo |
| 2025 | 54 | $3,136/mo |
| 2026 | 14 | $3,007/mo |
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Investment Analysis
Based on average rents and sale prices, OKIO delivers an estimated gross rental yield of 4.2%. This places it among the higher-yielding condos in Singapore.
Competing Condos in District 12
Side-by-side comparison against the most actively traded condos in District 12 (Toa Payoh, Serangoon, Balestier):
| Condo | Tenure | Units | Avg PSF | Sales |
|---|---|---|---|---|
| THE ORIE | 99 yrs lease commencing from 2024 | 52 | $2,730 psf | 740 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 843 | $1,645 psf | 306 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | 578 | $1,838 psf | 196 |
| TREVISTA | 99 yrs lease commencing from 2008 | 590 | $1,702 psf | 147 |
| VERTICUS | Freehold | 162 | $2,122 psf | 128 |
Location Map
Map shows OKIO (centre marker) with nearby MRT stations and schools. Drag to pan, scroll to zoom.
- OKIO
- Boon Keng MRT
- Novena MRT
- Farrer Park MRT
- Toa Payoh MRT
- Bendemeer MRT
- CHIJ Our Lady Queen of Peace
- Beatty Secondary School
- Farrer Park Primary School
Nearby MRT Stations
OKIO is 990m from Boon Keng MRT (North-East Line), with 5 stations within 1.5 km.
| Station | Code | Line | Distance |
|---|---|---|---|
| Boon Keng | NE9 | North-East Line | 990m |
| Novena | NS20 | North-South Line | 1.1 km |
| Farrer Park | NE8 | North-East Line | 1.1 km |
| Toa Payoh | NS19 | North-South Line | 1.4 km |
| Bendemeer | DT23 | Downtown Line | 1.4 km |
Nearby Schools
There are 24 schools within 2 km of OKIO, including 1 within the 1 km priority zone.
| School | Type | Distance |
|---|---|---|
| CHIJ Our Lady Queen of Peace | Primary | 590m |
| Beatty Secondary School | Secondary | 1.0 km |
| Farrer Park Primary School | Primary | 1.0 km |
| Bendemeer Primary School | Primary | 1.1 km |
| School of Science and Technology | Jc | 1.2 km |
| Bendemeer Secondary School | Secondary | 1.2 km |
| CHIJ Secondary (Toa Payoh) | Secondary | 1.2 km |
| Balestier Hill Primary School | Primary | 1.4 km |
| St. Margaret's Secondary School | Secondary | 1.4 km |
| St. Margaret's Primary School | Primary | 1.5 km |
| Hong Wen School | Primary | 1.5 km |
| LASALLE College of the Arts | Tertiary | 1.8 km |
Tenure resilience. Freehold tenure removes the lease-decay headwind that affects 99-year leasehold stock from ~year 60 onward. CPF eligibility, loan-tenure caps, and resale buyer pool are all preserved without the time-decay clock. For long holds (15+ years), this matters meaningfully more than headline PSF.
School-belt proximity. CHIJ Our Lady Queen of Peace sits about 0.59km away, with additional schools clustered nearby. Family households on 24-month tenancies anchor the rental pool, which materially improves vacancy economics for landlord-owners.
Mature streetscape and amenity coverage. The immediate neighbourhood has the daily-living amenity profile of an established residential precinct — hawker centres, supermarkets, clinics, parks within a short walk or drive. The convenience compounds over a hold, even if no single amenity is a headline feature.
Moderate MRT walk. At 0.99km from the nearest station, the project sits just outside the 800m comfort threshold. Rental tenants notice — yield typically trails truly walkable comparables by 30-50bps in similar segments.
District supply pipeline. Non-prime districts are more sensitive to GLS pipeline additions; check the URA Master Plan 2019 confirmed and provisional land sales schedule for the immediate 5-year window. New launches at 10-20% lower PSF can compress secondary-market resale velocity for 18-24 months around their launch dates.
- ✅ Young couple, first home: Long balance lease + likely sub-CCR pricing
- ✅ Family with school-age kids: Nearby schools support MOE registration priority
- ⚠️ CBD commuter: Bus or own-vehicle commute likely required
- ❌ Rental investor (yield-focused): Thin transaction history makes underwriting fragile
- ⚠️ Foreign professional (expat): Verify tenant-pool depth in immediate catchment
- ✅ Long-term hold (10+ yr): Tenure supports CPF + buyer-pool through hold
Composite assessment: OKIO sits in an off-MRT-spine pocket where own-vehicle commuting and a narrower tenant pool define the economics. Suits owner-occupiers who prioritise the specific neighbourhood and lifestyle fit over capital-market efficiency. 28 transactions in URA provide the data foundation for this view.
Suggested holding period for most buyer profiles: 7-12 years with realistic vacancy and re-let cost assumptions. Cross-reference per-bedroom net yield against district comparables via the compare-tool, model monthly cash-flow with the mortgage calculator, and confirm your effective BSD+ABSD cost using the stamp-duty calculator before finalising. This profile is informational; not a personal investment recommendation.
FAQ
What is the average price for OKIO?
What is the rental yield for OKIO?
Is OKIO freehold or leasehold?
Methodology & Sources
This analysis covers All available years and refreshes as new data becomes available.
Transaction data sourced from URA.
- Sales data: 28 transactions analysed
- Rental data: 280 lease records analysed
- Gross yield = (avg monthly rent × 12) / avg sale price
Median values used to minimise outlier impact. PSF = price per square foot.
View Live Data for OKIO
Access the full interactive dashboard with real-time sales trends, rental yields, and investment calculators.
New Sale vs Resale Mix
Of the 438 condo transactions recorded in District 12 over the last 12 months, 87% resale, 13% new sale. A resale-heavy mix points to an established market trading on fundamentals; a new-sale-heavy mix means developer launches are setting the price benchmarks.
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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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Upcoming Supply Pipeline
1 active Government Land Sales site in District 12 could add roughly 335 new units to local supply. Incoming supply of this scale tends to cap short-term price growth in the immediate area but also signals planning confidence in the location.
| Site | Street | Est. units | List | Status |
|---|---|---|---|---|
| Lorong 1 Toa Payoh | — | ~335 | Confirmed | Available |
HDB Alternatives Nearby
Weighing OKIO against staying public? These HDB towns sit within walking or short-drive distance:
- Kallang/whampoa — 4-room average $882,887 (120m away)
- Toa Payoh — 4-room average $929,793 (910m away)
- Central Area — 4-room average $1,088,814 (1.4 km away)