Leong Hin Building
Overview & Key Facts
Leong Hin Building on Balestier Road in District 12 is an 8-unit boutique development in the Balestier Road commercial and residential corridor — a long-established mixed-use street connecting Toa Payoh and the Novena medical cluster to the city fringe. With Toa Payoh NSL at 760 metres and Novena NSL at 800 metres, residents have two North-South Line access points within a similar walk, reaching Orchard (2 stops from either) and the CBD in a manageable commute time.
The rental market shows 40 records across 8 units — a 5.0 records-per-unit ratio that is exceptionally high for a boutique development of this scale, suggesting continuous and near-perpetual occupancy across the dataset period. The $3,000 median is modest for D12 RCR, reflecting the Balestier Road commercial-strip environment rather than a quieter residential enclave.
Tenure is unconfirmed. CHIJ Our Lady Queen of Peace Primary at 800 metres and CHIJ Secondary (Toa Payoh) at 860 metres provide a dual CHIJ school proximity for Catholic-affiliated families.
Location & Connectivity
Balestier Road is one of Singapore's most recognisable mixed-use streets — a long commercial corridor of furniture showrooms, medical clinics, medical equipment retailers, and longstanding residential walk-ups and boutique condominiums. The Novena medical cluster (Tan Tock Seng Hospital, Novena Square medical suites, Mount Elizabeth Novena) is within easy distance northward, while Toa Payoh town centre with its MRT, HDB Hub, and retail cluster anchors the eastern end of the address range.
Toa Payoh NSL (760m) and Novena NSL (800m) are the two nearest stations — both North-South Line, similar walk times, with Toa Payoh as the town centre node (food, retail, HDB Hub) and Novena as the medical-commercial node. The walkability score of 50 reflects the commercial/arterial road environment: Balestier Road itself is car-heavy with heavy traffic, making on-foot navigation for errands functional but not pleasant.
The school cluster along Thomson Road and Moulmein Road is accessible: CHIJ OLQP (800m), CHIJ Secondary Toa Payoh (860m), Beatty Secondary (700m), and the School of Science and Technology (880m) provide a multi-school catchment for resident families.
Schools & Education
1 primary school within the 1 km Priority Phase balloting radius.
| School | Type | Distance |
|---|---|---|
| Beatty Secondary School | secondary | Within 1 km |
| CHIJ Our Lady Queen of Peace | primary | Within 1 km |
| CHIJ Secondary (Toa Payoh) | secondary | Within 1 km |
| School of Science and Technology | jc | Within 1 km |
| Balestier Hill Primary School | primary | ~1.2 km |
| New Town Primary School | primary | ~1.2 km |
| St. Joseph's Institution | secondary | ~1.3 km |
| Pei Chun Public School | primary | ~1.4 km |
Facilities
At 8 units on Balestier Road, Leong Hin Building is a boutique development with minimal shared facilities. The commercial character of Balestier Road means the development likely replaced or was built alongside older shophouse or light commercial stock — common areas are expected to be limited to basic pool and lift lobby infrastructure, if that. The MCST at 8 units requires consensus among a small owner group for capital works decisions.
Tenure verification is essential. Balestier Road buildings include a range of title types from old freehold shophouse conversions to short-leasehold residential developments. Without knowing the tenure, buyers cannot accurately compare this development against market comparables or model its medium-term resale trajectory.
Neighbourhood Comparison
D12 RCR comparables include The Orie (2024, 52 units, ~$2,730 PSF), Eight Riversuites (2011, 843 units, ~$1,643 PSF), GEM Residences (2015, 578 units, ~$1,833 PSF), and Trevista (2008, 590 units, ~$1,702 PSF). Leong Hin Building occupies the entry-tier boutique segment with demonstrated rental depth but unknown tenure and minimal facilities — a different value proposition than the larger leasehold estates that dominate the D12 market.
| Development | Tenure | TOP | Units | ~Avg PSF |
|---|---|---|---|---|
| LEONG HIN BUILDING | — | 8 | — | |
| THE ORIE | 99 yrs lease commencing from 2024 | 2025 | 52 | $2,730 |
| EIGHT RIVERSUITES | 99 yrs lease commencing from 2011 | 2016 | 843 | $1,643 |
| GEM RESIDENCES | 99 yrs lease commencing from 2015 | — | 578 | $1,833 |
| TREVISTA | 99 yrs lease commencing from 2008 | — | 590 | $1,702 |
| VERTICUS | Freehold | 2021 | 162 | $2,122 |
ShiokNest Scores
Our proprietary scoring system evaluates LEONG HIN BUILDING across multiple dimensions.
What Residents Say
Balestier Road attracts NSL commuters working in the Orchard and CBD corridors, medical sector professionals anchored to the Novena hospital complex, and price-sensitive D12 RCR buyers who accept the commercial-street environment in exchange for central proximity and NSL connectivity. The 40-rental track record confirms sustained tenant demand across this profile — particularly from the medical and healthcare sector that has grown significantly in the Novena precinct over the past decade.
Strengths & Weaknesses
- 40 rental records across 8 units — 5.0 per unit, near-perpetual occupancy in the dataset
- Dual NSL access: Toa Payoh (760m) + Novena (800m) — Novena medical cluster proximity
- CHIJ OLQP 800m + CHIJ Secondary Toa Payoh 860m — dual CHIJ school catchment
- Tenure unconfirmed — essential to verify before purchase on a Balestier Road address
- Walkability 50/100 — heavy Balestier Road traffic makes on-foot errands functional but uncomfortable
- Commercial-strip character — street environment suits practical commuter over lifestyle-focused buyer
Verdict
Leong Hin Building's exceptional rental turnover (40 records, 5.0 per unit) confirms a consistently lettable address on Balestier Road, anchored by proximity to the Novena medical cluster and dual NSL access. The $3,000 median is modest but the investment case is built on occupancy reliability rather than premium yield.
Tenure verification is the essential first step. For buyers comfortable with the Balestier Road commercial character and the boutique 8-unit scale, the demonstrated rental depth provides a more robust foundation for investment planning than many D12 RCR developments of comparable size. Owner-occupiers comfortable with a busy arterial road environment and NSL access should also find the location functional, if not lifestyle-premium.