Balestier Plaza
Balestier Plaza is a freehold condominium located in District 12 (Toa Payoh, Serangoon, Balestier), part of the Rest of Central Region (RCR). The development was completed in 1985 and comprises 77 units. Sale and rental figures on this page are compiled from URA transaction records.
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
24 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 |
| Saint Joseph's Institution International | International | 1.4 km |
| Pei Chun Public School | Primary | 1.4 km |
| New Town Primary School | Primary | 1.4 km |
Market Position
BALESTIER PLAZA has recorded 3 sales at an average price of $1,788,963.
Price Appreciation
| Year | Sales | Avg PSF | Change |
|---|---|---|---|
| 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 147.7 as of June 2026 — up 14.3% 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 | 312 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | $1,845 psf | 202 |
| TREVISTA | 99 yrs lease commencing from 2008 | $1,711 psf | 150 |
| VERTICUS | Freehold | $2,127 psf | 131 |
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 — 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: 87 leases
- Source: URA
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